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The India animal health market was valued at INR 67.83 Billion in 2021.
We expect the India animal health market to exhibit a CAGR of 9.52% during 2022-2027.
The high prevalence of several zoonotic diseases, along with the increasing number of awareness programs for disease control and its effective treatments, is primarily driving the India animal health market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in the postponement of routine and elective health checkup of animals to combat the risk of the COVID-19 infection upon veterinary hospital and clinic visits.
Based on the animal type, the India animal health market can be segmented into commercial and companion, where commercial animal holds the majority of the total market share.
Based on the product type, the India animal health market has been divided into anti-bacterial/antibiotic, anti-chronic respiratory, anticoccidials, dewormers/antihelmintics, disinfectants, enzymes, fly-binder/control, growth promoters, gut health (also includes probiotics, prebiotics), liver tonics, nutritional supplements, toxin binders / immunomodulators / mold inhibitors, vaccines, vitamins/ minerals/ amino acids, and diagnostics. Among these, vaccines currently exhibit a clear dominance in the market.
Based on the distribution channel, the India animal health market can be categorized into veterinary hospitals, veterinary clinics, pharmacies and drug stores, and others. Currently, pharmacies and drug stores account for the majority of the total market share.
On a regional level, the market has been classified into Uttar Pradesh, Rajasthan, Madhya Pradesh, Bihar, Andhra Pradesh, Gujarat, and others, where Uttar Pradesh currently dominates the India animal health market.
Some of the major players in the India animal health market include Bayer CropScience Limited, Boehringer Ingelheim Animal Health, Cargill India Pvt. Ltd., Merck, Ceva Sante Animale, Elanco India Private Limited, and Virbac Animal Health India Pvt Ltd.
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