Farm Animal Drugs Market is expected to reach US$ 28,364.08 Million by 2028

Parasiticides Segment to Lead Farm Animal Drugs Market during 2021–2028

According to our latest study on “Farm Animal Drugs Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Animal Type, Route of Administration, Distribution Channel, and Geography,” the market is projected to grow from US$ 18,253.09 million in 2021 to US$ 28,364.08 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market. The growth of the farm animal drugs market is primarily attributed to the changing perception toward the use of farm animal drugs products and increasing investments by market players. However, the side effects associated with the use of farm animal drugs hampers the market growth.

Based on product type, the farm animal drugs market is segmented into anti-infective, parasiticides, anti-inflammatory, anesthetics, analgesics, hormones and related product, and others. The parasiticides segment held the largest market share in 2021. The growth of the market for this segment is attributed to the growing awareness of zoonoses, rising animal welfare laws, and the increasing number of government initiatives.

PHIBRO ANIMAL HEALTH CORPORATION, Zoetis Inc., Ceva, Elanco, Virbac, INTAS PHARMACEUTICALS LTD., Alembic Pharmaceuticals Limited, Boehringer Ingelheim International GmbH, MSD Animal Health, and Vetoquinol SA are a few of the leading companies operating in the farm animal drugs market.

Farm Animal Drugs Market, by Region, 2021 (%)

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Farm Animal Drugs Market Growth and Analysis 2028

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Farm Animal Drugs Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Anti-Infective, Parasiticides, Anti-Inflammatory, Anesthetics, Analgesics, Hormones and Related Product, and Others), Animal Type (Livestock Animal and Equine), Route of Administration (Oral, Parenteral, Topical, and Others), and Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Pharmacies and Drug Stores, and Others), and Geography

The Report Segments Farm Animal Drugs Market as Follows:

The farm animal drugs market is segmented on the basis of product type, animal type, route of administration, and distribution channel. Based on product type, the market is segmented into anti-infective, parasiticides, anti-inflammatory, anesthetics, analgesics, hormones and related product, and others. Based on animal type, the market is bifurcated into livestock animal and equine. Based on route of administration, the farm animal drugs market is segmented into oral, parenteral, topical, and others. Based on distribution channel, the market is segmented into veterinary hospitals, veterinary clinics, pharmacies and drug stores, and others.

By Geography

• North America
  • • US
    • Canada
    • Mexico
• Europe
  • • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe

• Asia Pacific (APAC)
  • • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of APAC

• Middle East and Africa (MEA)
  • • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

• South and Central America (SCAM)
  • • Brazil
    • Argentina
    • Rest of SCAM