USD 20 billion
Livestock Care & Treatment Market Size, Share, Growth Analysis, By Product Type(Vaccines, parasiticides, anti-infectives, medicinal feed additives), By Animal Type(Cattle, swine, poultry, sheep and goats), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35D2057 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|Tables:
67
|Figures:
75
Livestock Care & Treatment Market Insights
Livestock Care & Treatment Market size was valued at USD 20.8 billion in 2022 and is poised to grow from USD 21.67 billion in 2023 to USD 30.12 billion by 2031, growing at a CAGR of 4.20% in the forecast period (2024-2031).
Livestock care and treatment refers to the management and health care practices that are implemented to ensure the well-being of domestic animals raised for their meat, milk, eggs, or other products. It involves providing appropriate housing, nutrition, and medical care to maintain the physical and mental health of animals. Livestock care includes daily monitoring of the animal's health and welfare, providing them with clean water and adequate feed, and ensuring that their living conditions are clean, comfortable, and free from stress. Treatment, on the other hand, refers to the use of veterinary medicine, vaccines, and other interventions to diagnose and treat illnesses, prevent diseases, and manage any injuries or health conditions that may arise. Livestock care and treatment are important not only for the welfare of the animals but also for the safety and quality of the products that are derived from them. It is essential to follow proper animal care guidelines and treatment protocols to prevent disease outbreaks and ensure the safety and quality of animal products that are consumed by humans.
The global livestock care and treatment market refers to the market for products and services that are used to promote the health and welfare of livestock animals, such as cattle, swine, poultry, and sheep. The market includes a wide range of products and services, including vaccines, antibiotics, parasiticides, diagnostic tests, feed additives, and other healthcare products. The livestock care and treatment market is driven by several factors, including the growing demand for animal protein, increasing focus on animal health and welfare, rising incidence of animal diseases, technological advancements in the livestock industry, increasing demand for organic and natural products, and growing focus on sustainable agriculture. Geographically, North America and Europe are currently the largest markets for livestock care and treatment products and services, due to the high level of awareness about animal health and welfare in these regions. However, the Asia Pacific region is expected to grow significantly in the coming years, due to the increasing demand for animal protein and the growing focus on sustainable agriculture in countries such as China and India.
US Livestock Care & Treatment Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Vaccines
Fastest Growth
Vaccines
Growth Rate
4.2% CAGR
Global Livestock Care & Treatment Market ($ Bn)
Country Share for North America Region (%)
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Livestock Care & Treatment Market Segmental Analysis
Global Livestock Care & Treatment Market is segmented on the basis of product type, animal type and region. By product type, the Livestock Care & Treatment Market is segmented into vaccines, parasiticides, anti-infectives, medicinal feed additives, and others. By animal type, Livestock Care & Treatment Market is segmented into cattle, swine, poultry, sheep and goats, and others. By region, the Livestock Care & Treatment Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Livestock Care & Treatment Market Analysis by Product Type
The parasiticides and vaccines segments are expected to dominate the market due to the high prevalence of parasitic infections and the increasing emphasis on disease prevention in livestock animals. The vaccine segment includes vaccines used to prevent diseases in livestock animals. Vaccines are expected to witness high growth during the forecast period due to the increasing emphasis on animal health and the rising prevalence of various diseases in livestock animals. The Parasiticides segment includes products used to treat and prevent parasitic infections in livestock animals. Parasiticides are expected to dominate the market due to the high prevalence of parasitic infections in livestock animals.
The medicinal feed additives segment is also expected to witness significant growth due to the growing demand for animal-based products and the increasing focus on animal nutrition and health. The medicinal feed additives segment includes additives added to animal feed to improve animal health and performance. The segment is expected to witness high growth during the forecast period due to the increasing demand for animal-based products and the rising focus on animal nutrition and health.
Livestock Care & Treatment Market Analysis by Animal Type
The cattle segment is expected to dominate the market due to the high demand for beef and dairy products and the large population of cattle worldwide. The cattle segment includes products used to care for and treat beef and dairy cattle. Cattle are expected to dominate the market due to the high demand for beef and dairy products and the large population of cattle worldwide.
The poultry segment is also expected to witness significant growth due to the increasing demand for poultry products and the rising prevalence of poultry diseases. The poultry segment includes products used to care for and treat chickens, turkeys, and other poultry animals. Poultry is expected to witness high growth during the forecast period due to the increasing demand for poultry products and the rising prevalence of poultry diseases such as avian influenza.
Global Livestock Care & Treatment Market Size by Product Type
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Livestock Care & Treatment Market Regional Insights
North America is one of the largest markets for livestock care and treatment products and services, accounting for a significant share of the global market. The market was primarily driven by the presence of a large number of established players in the region, as well as a high level of awareness about animal welfare and health. The United States was the largest market in the region, due to its large livestock population and advanced animal agriculture practices. Within North America, the market was further segmented into product and service categories, such as vaccines, pharmaceuticals, diagnostic tests, feed additives, and animal healthcare services. The demand for these products and services varied based on factors such as the type of livestock raised in the region, the prevalence of diseases and other health issues, and local regulations and standards. One of the key trends in the North American market was the increasing focus on animal welfare and sustainability. Consumers and regulators were placing increasing pressure on livestock producers to adopt more sustainable and ethical practices, such as reducing the use of antibiotics and other inputs, improving animal welfare standards, and reducing greenhouse gas emissions.
Asia-Pacific was the fastest-growing market for livestock care and treatment products and services, driven by the increasing demand for animal protein in the region and the adoption of new technologies and practices in animal agriculture. China and India were the largest markets in the region, due to their large populations and growing demand for animal protein. Other key markets in the region included Japan, South Korea, and Australia, which had well-developed animal agriculture sectors and a high level of awareness about animal welfare and health. Within Asia-Pacific, the market was further segmented into product and service categories, such as vaccines, pharmaceuticals, diagnostic tests, feed additives, and animal healthcare services. The demand for these products and services varied based on factors such as the type of livestock raised in the region, the prevalence of diseases and other health issues, and local regulations and standards. One of the key trends in the Asia-Pacific market was the adoption of new technologies and practices in animal agriculture, such as precision livestock farming, genomic selection, and data analytics. These technologies were helping livestock producers to improve the efficiency and productivity of their operations, while also reducing environmental impact and improving animal welfare standards. Another trend in the region was the increasing focus on food safety and traceability, as consumers and regulators sought greater transparency and accountability in the food supply chain. This was driving demand for diagnostic tests and other products and services that could help to ensure the safety and quality of animal products.
Global Livestock Care & Treatment Market Size By Geography
- Largest
- Fastest
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Livestock Care & Treatment Market Dynamics
Livestock Care & Treatment Market Drivers
Rising incidence of animal diseases
- The rising incidence of animal diseases is one of the key drivers of the global livestock care and treatment market. Animal diseases are a major threat to the livestock industry, as they can cause significant economic losses due to reduced productivity, increased mortality rates, and trade restrictions. The globalization of trade has led to the increased movement of livestock and animal products across borders, which has increased the risk of disease transmission. The intensification of livestock production has led to higher animal densities, which increases the risk of disease transmission. Climate change can affect the distribution and prevalence of vector-borne diseases, such as the West Nile virus, which can affect the livestock. Changes in land use, such as deforestation and urbanization, can lead to the displacement of wildlife, which can increase the risk of disease transmission. The overuse of antibiotics in livestock production can lead to the development of antibiotic-resistant bacteria, which can be transmitted to humans and animals. To mitigate the impact of animal diseases, livestock producers and veterinarians use various products and services, such as vaccines, antibiotics, and diagnostic tests. The demand for these products and services is expected to continue to increase as the incidence of animal diseases rises. As a result, the global livestock care and treatment market is expected to grow significantly in the coming years.
Livestock Care & Treatment Market Restraints
Regulatory compliance
- Regulatory compliance is a major restraint for the global livestock care and treatment market. There are strict regulations in many countries related to the use of antibiotics, hormones, and other chemicals in animal production. These regulations aim to ensure that animal products are safe for human consumption and that animal health and welfare are protected. In some countries, there are restrictions on the use of antibiotics as growth promoters in animal feed. Antibiotics are widely used in livestock production to prevent and treat disease, but overuse can lead to antibiotic resistance, which is a growing public health concern. As a result, many countries have imposed restrictions on the use of antibiotics in animal production. Similarly, there are regulations related to the use of hormones in animal production. Hormones are used to promote growth and improve feed efficiency in livestock, but they can also have negative impacts on animal health and welfare. In some countries, the use of hormones in animal production is banned outright, while in others, there are strict limits on the number of hormones that can be used. Other chemicals used in animal production, such as pesticides and insecticides, are also subject to regulatory control. These chemicals can have negative impacts on animal health and welfare, as well as the environment, and there are strict regulations in place to ensure their safe use. Regulatory compliance can be a significant barrier for companies operating in the livestock care and treatment market. Companies must ensure that their products and services comply with regulations in each country where they operate, which can be complex and costly. Failure to comply with regulations can result in fines and damage to a company's reputation, which can impact its growth and profitability.
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Livestock Care & Treatment Market Competitive Landscape
The Global Livestock Care and Treatment Market was characterized by a highly competitive landscape, with a large number of companies operating in the market. The key companies operating across a range of product and service categories, including vaccines, pharmaceuticals, diagnostic tests, feed additives, and animal healthcare services. They compete on the basis of product quality, innovation, price, and distribution channels. The market is also characterized by a high level of research and development activity, as companies seek to develop new and innovative products to meet the evolving needs of the market. Many of the key players in the market have extensive R&D programs and invest heavily in product development. In addition to established players, there are also a number of new entrants and smaller companies operating in the market. These companies often focus on niche product categories or specific geographic regions and may compete on the basis of specialization and expertise.
Livestock Care & Treatment Market Top Player’s Company Profiles
- Zoetis Inc.
- Merck & Co., Inc.
- Elanco Animal Health
- Bayer AG
- Boehringer Ingelheim
- Ceva Santé Animale
- Virbac
- Vetoquinol
- Phibro Animal Health Corporation
- Dechra Pharmaceuticals PLC
- Hester Biosciences Ltd.
- Norbrook
- Neogen Corporation
- Hipra
- IDT Biologika
- Agrovet Market Animal Health
- MSD Animal Health
- Huvepharma
- Indian Immunologicals Limited
- Biovet AD
Livestock Care & Treatment Market Recent Developments
- In August 2021, Zoetis Inc., a leading animal health company, announced that it has completed the acquisition of Fish Vet Group, a leading provider of fish health and welfare services.
- In June 2021, Elanco Animal Health announced the acquisition of Kindred Biosciences, a biopharmaceutical company focused on developing innovative pet therapeutics.
- In May 2021, Boehringer Ingelheim Animal Health announced that it has acquired Global Stem cell Technology (GST), a company focused on developing stem cell therapies for animal health applications.
- In April 2021, Merck Animal Health announced that it has completed the acquisition of Vaki, a company specializing in fish farming technology and equipment.
Livestock Care & Treatment Key Market Trends
- The increasing demand for animal protein is one of the major trends driving the growth of the global livestock care and treatment market. The demand for animal protein is driven by a number of factors including increasing population, rising income levels, and changing dietary habits. As the global population continues to grow, the demand for food is increasing. This is particularly true in developing countries where incomes are rising and people are shifting towards diets that include more animal protein. For example, in China, the demand for meat has increased rapidly in recent years due to rising incomes and changing dietary habits. The livestock care and treatment market is responding to this trend by developing new products and services that help farmers and producers to maintain the health and productivity of their animals. This includes vaccines, pharmaceuticals, feed additives, and animal healthcare services. One of the key challenges in meeting the growing demand for animal protein is the need to balance productivity with animal welfare. Consumers are increasingly concerned about the welfare of animals raised for food production and are demanding higher standards of care. This trend is driving the development of new products and services that promote animal health and well-being, such as natural feed additives and non-invasive diagnostic tests. At the same time, there is also growing concerned about the environmental impact of animal agriculture. This is driving the development of more sustainable animal agriculture practices, such as reducing greenhouse gas emissions, improving animal welfare, and reducing the use of antibiotics and other inputs.
Livestock Care & Treatment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Livestock Care & Treatment Market analyses, the global market has been growing steadily in recent years, driven by factors such as the growing demand for animal protein, increasing awareness about animal health, and advancements in veterinary medicine. Geographically, the Asia-Pacific region is expected to be the fastest-growing market due to the increasing demand for animal protein and growing awareness about animal health in countries such as China and India. North America and Europe are expected to hold significant market shares due to the presence of established veterinary pharmaceutical companies and high awareness about animal health and welfare. Overall, the livestock care and treatment market is expected to continue growing due to the increasing demand for animal protein, advancements in veterinary medicine, and growing awareness about animal health and welfare.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 20.8 billion |
| Market size value in 2031 | USD 30.12 billion |
| Growth Rate | 4.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Livestock Care & Treatment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Livestock Care & Treatment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Livestock Care & Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Livestock Care & Treatment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Livestock Care & Treatment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Livestock Care & Treatment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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