Market Overview:
The global veterinary products for companion animals market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for pet food and rising awareness about animal health and preventive care. In terms of type, the market is segmented into medicines, veterinary vaccines, and pet food. The medicines segment is further sub-segmented into parasiticides, antibiotics, analgesics/anti-inflammatories, and others (including endoparasiticides and ectoparasiticides). The veterinary vaccines segment is further sub-segmented into core vaccines and combination vaccines. The pet food segment is further sub-segmented into dry dog food, wet dog food, dry cat food wet catfoods), treats & snacks (for both dogs & cats), dental chews (for dogs only)and other foods(including bird feeders& water fountains). North America accounts for the largest share of the global veterinary products for companion animals market followed by Europe .
Product Definition:
Veterinary products for companion animals are drugs, biologics, and devices that are intended to diagnose, prevent or treat diseases or conditions in cats and dogs. They include products that are FDA-approved as well as those that are available only through a veterinarian. The use of veterinary products is important because they can help protect the health of pets and improve their quality of life.
Medicines:
The global medicines, it's usage and growth factor in veterinary products for companion animals market size was valued at USD 2.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. Increasing prevalence of diseases & disorders among pets coupled with rising pet adoption rate globally is anticipated to drive the growth over the coming years. According to American Pet Products Association (APPA), overall spending on pets in U.
Veterinary Vaccines:
The global veterinary vaccines and it's usage in veterinary products for companion animals market size was valued at USD 2.5 billion in 2015 and is expected to grow at a CAGR of XX% during the forecast period. The increasing prevalence of zoonotic diseases globally, especially among livestock animals, has been one of the major factors driving demand for vaccinations worldwide.
Application Insights:
The dogs application segment led the global market in 2017. The increasing number of pet dogs across the globe is anticipated to boost product demand for animal healthcare over the forecast period. According to a study conducted by the American Pet Products Association, it was estimated that as of 2016, there were 78.7 million households owning a dog in America alone which was an increase of 2% from 2010. This significant rise in pet ownership is expected to fuel demand for various products including food and medicines during the forecast period1 (see figure below).
The cat segment accounted for more than 9% share of total revenue in 2017 owing to rising awareness about preventive care and regular health checkups among owners globally2 (see figure below). Moreover, according to American Pet Products Association's National Health Statistics survey data published in 2012, it was estimated that 56% out of all U.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to increasing pet ownership and awareness about animal health. Moreover, rising expenditure on veterinary healthcare services is also one of the major factors contributing toward regional growth. According to a study published by GlobalPetReport in 2018, North America accounted for approximately 29% of global spending on veterinary medicine in 2016 and this number is anticipated to grow at a significant rate over the next seven years.
Asia Pacific has been witnessing rapid economic development over past few decades owing to various macroeconomic factors such as low interest rates, high foreign investments, etc., which have resulted into increased adoption of pets worldwide including India and China (Kumar & Srivastava 2015). This trend is expected to drive demand for various companion animal products including vaccines and medicines used for dogs as well as cats thereby boosting revenue generation from global market during the forecast period.
Growth Factors:
- Increasing demand for pet food and other veterinary products owing to the growth in the number of pet owners globally.
- Rising awareness about animal health and preventive care among pet owners, which is driving them to purchase more veterinary products.
- Technological advancements in the field of veterinary medicine that are resulting in new product launches and increased usage of existing products.
- Growing demand for organic and natural pet food, as well as supplements, which is benefiting the overall veterinary products market growth rate positively.
Scope Of The Report
Report Attributes
Report Details
Report Title
Veterinary Products for Companion Animals Market Research Report
By Type
Medicines, Veterinary Vaccines, Pet Food
By Application
Dogs, Cats, Other
By Companies
Boehringer Ingelheim, Zoetis, Elanco Animal Health, Bayer Animal Health, Merck Animal Health, Virbac, Dechra Veterinary Products, Ceva, Vetoquinol, Meiji, Ouro Fino Saude, Animalcare Group, Parnell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Veterinary Products for Companion Animals Market Report Segments:
The global Veterinary Products for Companion Animals market is segmented on the basis of:
Types
Medicines, Veterinary Vaccines, Pet Food
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dogs, Cats, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boehringer Ingelheim
- Zoetis
- Elanco Animal Health
- Bayer Animal Health
- Merck Animal Health
- Virbac
- Dechra Veterinary Products
- Ceva
- Vetoquinol
- Meiji
- Ouro Fino Saude
- Animalcare Group
- Parnell
Highlights of The Veterinary Products for Companion Animals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Medicines
- Veterinary Vaccines
- Pet Food
- By Application:
- Dogs
- Cats
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Veterinary Products for Companion Animals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Veterinary products are those that are used to treat or prevent illness in companion animals. These products can be prescription or over-the-counter medications, vaccines, and other treatments.
Some of the major companies in the veterinary products for companion animals market are Boehringer Ingelheim, Zoetis, Elanco Animal Health, Bayer Animal Health, Merck Animal Health, Virbac, Dechra Veterinary Products, Ceva, Vetoquinol, Meiji, Ouro Fino Saude, Animalcare Group, Parnell.
The veterinary products for companion animals market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Veterinary Products for Companion Animals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Veterinary Products for Companion Animals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Veterinary Products for Companion Animals Market - Supply Chain
4.5. Global Veterinary Products for Companion Animals Market Forecast
4.5.1. Veterinary Products for Companion Animals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Veterinary Products for Companion Animals Market Size (000 Units) and Y-o-Y Growth
4.5.3. Veterinary Products for Companion Animals Market Absolute $ Opportunity
5. Global Veterinary Products for Companion Animals Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Veterinary Products for Companion Animals Market Size and Volume Forecast by Type
5.3.1. Medicines
5.3.2. Veterinary Vaccines
5.3.3. Pet Food
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Veterinary Products for Companion Animals Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Veterinary Products for Companion Animals Market Size and Volume Forecast by Application
6.3.1. Dogs
6.3.2. Cats
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Veterinary Products for Companion Animals Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Veterinary Products for Companion Animals Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Veterinary Products for Companion Animals Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Veterinary Products for Companion Animals Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Veterinary Products for Companion Animals Demand Share Forecast, 2019-2026
9. North America Veterinary Products for Companion Animals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Veterinary Products for Companion Animals Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Veterinary Products for Companion Animals Market Size and Volume Forecast by Application
9.4.1. Dogs
9.4.2. Cats
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Veterinary Products for Companion Animals Market Size and Volume Forecast by Type
9.7.1. Medicines
9.7.2. Veterinary Vaccines
9.7.3. Pet Food
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Veterinary Products for Companion Animals Demand Share Forecast, 2019-2026
10. Latin America Veterinary Products for Companion Animals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Veterinary Products for Companion Animals Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Veterinary Products for Companion Animals Market Size and Volume Forecast by Application
10.4.1. Dogs
10.4.2. Cats
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Veterinary Products for Companion Animals Market Size and Volume Forecast by Type
10.7.1. Medicines
10.7.2. Veterinary Vaccines
10.7.3. Pet Food
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Veterinary Products for Companion Animals Demand Share Forecast, 2019-2026
11. Europe Veterinary Products for Companion Animals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Veterinary Products for Companion Animals Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Veterinary Products for Companion Animals Market Size and Volume Forecast by Application
11.4.1. Dogs
11.4.2. Cats
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Veterinary Products for Companion Animals Market Size and Volume Forecast by Type
11.7.1. Medicines
11.7.2. Veterinary Vaccines
11.7.3. Pet Food
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Veterinary Products for Companion Animals Demand Share, 2019-2026
12. Asia Pacific Veterinary Products for Companion Animals Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Veterinary Products for Companion Animals Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Veterinary Products for Companion Animals Market Size and Volume Forecast by Application
12.4.1. Dogs
12.4.2. Cats
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Veterinary Products for Companion Animals Market Size and Volume Forecast by Type
12.7.1. Medicines
12.7.2. Veterinary Vaccines
12.7.3. Pet Food
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Veterinary Products for Companion Animals Demand Share, 2019-2026
13. Middle East & Africa Veterinary Products for Companion Animals Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Veterinary Products for Companion Animals Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Veterinary Products for Companion Animals Market Size and Volume Forecast by Application
13.4.1. Dogs
13.4.2. Cats
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Veterinary Products for Companion Animals Market Size and Volume Forecast by Type
13.7.1. Medicines
13.7.2. Veterinary Vaccines
13.7.3. Pet Food
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Veterinary Products for Companion Animals Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Veterinary Products for Companion Animals Market: Market Share Analysis
14.2. Veterinary Products for Companion Animals Distributors and Customers
14.3. Veterinary Products for Companion Animals Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Boehringer Ingelheim
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Zoetis
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Elanco Animal Health
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bayer Animal Health
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Merck Animal Health
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Virbac
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dechra Veterinary Products
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ceva
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Vetoquinol
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Meiji
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ouro Fino Saude
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Animalcare Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Parnell
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
