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

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).

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. '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'

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.

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.

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.