India Animal Health Care Market size was valued at USD 1.3 Bn in 2023 and is expected to reach USD 2.07 Bn by 2030, at a CAGR of 6.9%
India Animal Health Care Market Overview:
The India Animal Health Care Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the India Animal Health Care Market, as well as the causes for variances in the industry’s growth in various places
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India Animal Health Care Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
India Animal Health Care Market Drivers:
The rising trend of pet ownership across the country. In 2022, the pet population in India has surged to approximately 32 million, marking a significant increase from around 22 million in 2019, demonstrating a compound annual growth rate (CAGR) of over 13%. Among these 32 million pets, the majority, comprising approximately 28 to 29 million, are dogs, while the remaining portion constitutes cats. Urbanization, coupled with changing lifestyles, has led to an increasing number of people adopting pets such as dogs, cats, birds, and small mammals. This surge in pet ownership has created a significant demand for veterinary products and services, including medications, vaccines, and wellness consultations.
Alongside the increasing pet care market, there is a growing awareness among both pet owners and livestock farmers about the importance of animal health and welfare. This awareness has translated into increased adoption of preventive healthcare measures, including routine vaccinations, parasite control, and proper nutrition. Government agencies and non-governmental organizations (NGOs) are playing a crucial role in raising awareness through educational campaigns and vaccination drives, particularly in rural areas where livestock farming is prevalent. Such initiatives are instrumental in promoting disease prevention and improving overall animal health outcomes for India Animal Health Care Market.
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India Animal Health Care Market Segmentation:
by Animal Type
Ruminant
Swine
Poultry
Others
by Therapeutic Type
Drugs
Vaccines
by Distribution Channel
Veterinary Hospitals
Veterinary Clinics
Pharmacies and Drug Stores
India Animal Health Care Market Key Players: The key players are
1. Zoetis Inc.
2. Merck & Co. Inc.
3. Ceva Santé Animale
4. Boehringer Ingelheim
5. Virbac
6. Indian Immunologicals Limited
7. Elanco Animal Health
8. Bayer AG
9. Vetoquinol
10. Intas Pharmaceuticals Ltd.
11. MSD Animal Health
12. Venky’s India Ltd.
13. Godrej Agrovet Limited
14. Himalaya Wellness
15. Sequent Scientific Limited
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the India Animal Health Care Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the India Animal Health Care Market Report are:
1] What segments are covered in the India Animal Health Care Market report?
2] What is the market size of the India Animal Health Care Market by 2030?
3] What is the forecast period for the India Animal Health Care Market?
4] What was the market size of the India Animal Health Care Market in 2023?
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