North America - Animal Health Market by Animal Type, Product and Geography - Forecast and Analysis 2023-2027
| Published: Oct 2023 | Pages: 139 | SKU: IRTNTR76357 |
North America - Animal Health Market 2023-2027
The North America - Animal Health Market size is estimated to grow by USD 4,861.96 million at a CAGR of 5.32% between 2022 and 2027.
There has been a significant increase in animal ownership in North America over the last few years. One of the most popular type of pet among people in North America are dogs with almost two in five households owning a dog. Factors such as the rise in disposable income are fuelling animal ownership as it offers companionship and entertainment. Furthermore, a majority of the population has started testing these pets as their own family by providing them with better health services for their animals. Additionally, pet owners in North America ensure that their pets have quality food with proper manufacturing standards. Hence, such factors are positively impacting the North America animal health market size.
Technavio has segmented the market into Animal Type, Product, and Geography
- The animal type segment is classified into livestock and companion animals
- The product segment is classified into pharmaceutical, feed additive, and biologicals
- The geography segment includes key regions such as US and Canada
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
What will be the size of the North America Animal Health Market During the Forecast Period?
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North America Animal Health Market Segmentation by Animal Type, Product and Geography Analysis
Animal Type Analysis
Livestock
The livestock segment is estimated to witness significant growth during the forecast period. The livestock segment plays a vital role in economic and socio-cultural roles, mainly in farming households in rural areas, as it offers income and food supply and serves as an asset, besides offering employment and a livelihood. Additionally, livestock rearing ensures that soil fertility is retained as well as sustainable agricultural production. Furthermore, livestock production is closely associated with crop production.
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The livestock segment was the largest segment and was valued at USD 7,849.31 million in 2017. There is an extensive use of livestock as well as its sub-product, manure as it helps to enhance crop production. The main advantage of using manure is that it helps to enhance the soil structure and fertility coupled with water retention, whereas livestock animals are also a source of draught animal power. Furthermore, it is widely used for the transportation of agricultural inputs and outputs as well as people. In addition, there is an increase in meat and egg consumption in North America as there is an increasing health consciousness among people about the intake of proteins in their daily diet. The consumption of meat products has become a crucial factor as nutrition fuels the well-being of people. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the North America animal health market growth during the forecast period.
Product Analysis
Pharmaceutical
The pharmaceutical segment of the animal health market in North America comprises several drugs, such as ectoparasiticides, endoparasiticides, and anti-inflammatories, which come in different forms, such as sprays, creams/ointments, tablets, and injectables. There is an increasing adoption of these products as it help in the treatment of various veterinary diseases, such as tick-borne diseases, rabies, and fever which is significantly contributing to the growth of this segment. Some of the main pharmaceutical products available in the animal health market in North America include Ectoparasiticides and Endoparasiticides. The increase in threat from zoonoses, especially food-borne zoonoses, such as salmonellosis is expected to fuel the growth of this segment which in turn will drive the North America animal health market growth during the forecast period.
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Key North America Animal Health Market Players
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
American Animal Health Inc: The company offers animal health services that provide a single dose Mycoplasma bovis vaccine for cattle.
- Alltech Inc.
- Bimeda Holdings Ltd.
- Boehringer Ingelheim International GmbH
- Ceva Sante Animale
- Eco Animal Health Group Plc
- Elanco Animal Health Inc.
- Huvepharma EOOD
- Mars Inc.
- Merck and Co. Inc.
- Patterson Companies Inc.
- Phibro Animal Health Corp.
- Thermo Fisher Scientific Inc.
- Vetio
- Virbac SA
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Animal Health Market Growth and Forecasting
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
Significant North America Animal Health Market Trends
A key factor shaping the North America animal health market share is the rising awareness regarding animals' intestinal health. One of the main factors that is significantly contributing to the market is the growing awareness among consumers regarding the health benefits of consuming animal protein, including enhanced bone health, immunity, and reduction in protein deficiencies. Several companies offer dietary supplements to farmers who raise livestock and poultry with a strong focus on the gut health of their animals, which in turn enhances the health of the herd.
Moreover, many veterinarians and nutritionists are advising as well as mentoring farmers on minimizing antibiotic use in farm animals by developing a customized action plan and offering support. As a result, there is an increase in the demand for animal intestinal health supplements due to the increasing awareness among farmers and livestock owners. Hence, such factors are positively impacting the North America - animal health market. Therefore, it is expected to drive the North America animal health market growth during the forecast period.
Major North America Animal Health Market Challenges
The disadvantages of antibiotics are one of the key challenges hindering the North America animal health market growth. There is an increasing prevalence of bacterial diseases among animals which can be cured using antibiotics. However, while using antibiotics on animals as a preventive measure, they are healthier which leads to gaining weight and growing excessively.
Moreover, as a result, several farmers and ranchers constantly feed their animals with low doses of antibiotics leading to the formation of antibiotic-resistant super-bacteria. Therefore, the use of certain antibiotics for animals is banned due to the creation of these antibiotic-resistant diseases. Hence, such factors are negatively impacting the North America animal health market. Therefore, it is expected to hinder the North America animal health market growth during the forecast period.
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Key Animal Health Market in North America Customer Landscape
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
North America Animal Health Market Customer Landscape
Segment Overview
The North America animal health market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Animal Type Outlook (USD Million, 2017 - 2027)
- Livestock
- Companion animals
- Product Outlook (USD Million, 2017 - 2027)
- Pharmaceutical
- Feed additive
- Biologicals
- Geography Outlook (USD Million, 2017 - 2027)
- North America
- The U.S.
- Canada
- North America
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North America Animal Health Market Scope |
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Report Coverage |
Details |
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Page number |
139 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.32% |
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Market growth 2023-2027 |
USD 4,861.96 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.37 |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
American Animal Health Inc., Alltech Inc., Bimeda Holdings Ltd., Boehringer Ingelheim International GmbH, Ceva Sante Animale, Eco Animal Health Group Plc, Elanco Animal Health Inc., Huvepharma EOOD, Mars Inc., Merck and Co. Inc., Patterson Companies Inc., Phibro Animal Health Corp., Thermo Fisher Scientific Inc., Vetio, Virbac SA, and Zoetis Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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What are the Key Data Covered in this North America Animal Health Market in Regional Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the North America animal health market between 2023 and 2027
- Precise estimation of the North America animal health market size and its contribution to the market in focus to the parent market
- Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria
- Companies landscape comparing criticality of inputs and factors of differentiation
- Exclusive Matrix on companies' position and classification
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across North America
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of North America animal health market companies
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Animal Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on North America: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
4 Historic Market Size
- 4.1 Animal health market in North America 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on animal health market in north America 2017 - 2021 ($ million)
- 4.2 Animal Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Animal Type Segment 2017 - 2021 ($ million)
- 4.3 Product Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Animal Type
- 6.1 Market segments
- Exhibit 29: Chart on Animal Type - Market share 2022-2027 (%)
- Exhibit 30: Data Table on Animal Type - Market share 2022-2027 (%)
- 6.2 Comparison by Animal Type
- Exhibit 31: Chart on Comparison by Animal Type
- Exhibit 32: Data Table on Comparison by Animal Type
- 6.3 Livestock - Market size and forecast 2022-2027
- Exhibit 33: Chart on Livestock - Market size and forecast 2022-2027 ($ million)
- Exhibit 34: Data Table on Livestock - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Chart on Livestock - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Livestock - Year-over-year growth 2022-2027 (%)
- 6.4 Companion animals - Market size and forecast 2022-2027
- Exhibit 37: Chart on Companion animals - Market size and forecast 2022-2027 ($ million)
- Exhibit 38: Data Table on Companion animals - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Chart on Companion animals - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Companion animals - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Animal Type
- Exhibit 41: Market opportunity by Animal Type ($ million)
- Exhibit 42: Data Table on Market opportunity by Animal Type ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 43: Chart on Product - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
- 7.2 Comparison by Product
- Exhibit 45: Chart on Comparison by Product
- Exhibit 46: Data Table on Comparison by Product
- 7.3 Pharmaceutical - Market size and forecast 2022-2027
- Exhibit 47: Chart on Pharmaceutical - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Pharmaceutical - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Pharmaceutical - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Pharmaceutical - Year-over-year growth 2022-2027 (%)
- 7.4 Feed additive - Market size and forecast 2022-2027
- Exhibit 51: Chart on Feed additive - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Feed additive - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Feed additive - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Feed additive - Year-over-year growth 2022-2027 (%)
- 7.5 Biologicals - Market size and forecast 2022-2027
- Exhibit 55: Chart on Biologicals - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Biologicals - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Biologicals - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Biologicals - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Product
- Exhibit 59: Market opportunity by Product ($ million)
- Exhibit 60: Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 62: Chart on Market share by geography - 2022-2027 (%)
- Exhibit 63: Data Table on Market share by geography - 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 64: Chart on Geographic comparison
- Exhibit 65: Data Table on Geographic comparison
- 9.3 US - Market size and forecast 2022-2027
- Exhibit 66: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.4 Canada - Market size and forecast 2022-2027
- Exhibit 70: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 73: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.5 Mexico - Market size and forecast 2022-2027
- Exhibit 74: Chart on Mexico - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Chart on Mexico - Year-over-year growth 2022-2027 (%)
- Exhibit 77: Data Table on Mexico - Year-over-year growth 2022-2027 (%)
- 9.6 Market opportunity by geography
- Exhibit 78: Market opportunity by geography ($ million)
- Exhibit 79: Data Table on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 80: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 81: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 82: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 83: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 84: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 85: Matrix on vendor position and classification
- 12.3 American Animal Health Inc.
- Exhibit 86: American Animal Health Inc. - Overview
- Exhibit 87: American Animal Health Inc. - Product / Service
- Exhibit 88: American Animal Health Inc. - Key offerings
- 12.4 Alltech Inc.
- Exhibit 89: Alltech Inc. - Overview
- Exhibit 90: Alltech Inc. - Product / Service
- Exhibit 91: Alltech Inc. - Key offerings
- 12.5 Bimeda Holdings Ltd.
- Exhibit 92: Bimeda Holdings Ltd. - Overview
- Exhibit 93: Bimeda Holdings Ltd. - Product / Service
- Exhibit 94: Bimeda Holdings Ltd. - Key offerings
- 12.6 Boehringer Ingelheim International GmbH
- Exhibit 95: Boehringer Ingelheim International GmbH - Overview
- Exhibit 96: Boehringer Ingelheim International GmbH - Business segments
- Exhibit 97: Boehringer Ingelheim International GmbH - Key news
- Exhibit 98: Boehringer Ingelheim International GmbH - Key offerings
- Exhibit 99: Boehringer Ingelheim International GmbH - Segment focus
- 12.7 Ceva Sante Animale
- Exhibit 100: Ceva Sante Animale - Overview
- Exhibit 101: Ceva Sante Animale - Product / Service
- Exhibit 102: Ceva Sante Animale - Key offerings
- 12.8 Eco Animal Health Group Plc
- Exhibit 103: Eco Animal Health Group Plc - Overview
- Exhibit 104: Eco Animal Health Group Plc - Product / Service
- Exhibit 105: Eco Animal Health Group Plc - Key offerings
- 12.9 Elanco Animal Health Inc.
- Exhibit 106: Elanco Animal Health Inc. - Overview
- Exhibit 107: Elanco Animal Health Inc. - Product / Service
- Exhibit 108: Elanco Animal Health Inc. - Key offerings
- 12.10 Huvepharma EOOD
- Exhibit 109: Huvepharma EOOD - Overview
- Exhibit 110: Huvepharma EOOD - Product / Service
- Exhibit 111: Huvepharma EOOD - Key offerings
- 12.11 Mars Inc.
- Exhibit 112: Mars Inc. - Overview
- Exhibit 113: Mars Inc. - Product / Service
- Exhibit 114: Mars Inc. - Key news
- Exhibit 115: Mars Inc. - Key offerings
- 12.12 Merck and Co. Inc.
- Exhibit 116: Merck and Co. Inc. - Overview
- Exhibit 117: Merck and Co. Inc. - Business segments
- Exhibit 118: Merck and Co. Inc. - Key news
- Exhibit 119: Merck and Co. Inc. - Key offerings
- Exhibit 120: Merck and Co. Inc. - Segment focus
- 12.13 Patterson Companies Inc.
- Exhibit 121: Patterson Companies Inc. - Overview
- Exhibit 122: Patterson Companies Inc. - Business segments
- Exhibit 123: Patterson Companies Inc. - Key news
- Exhibit 124: Patterson Companies Inc. - Key offerings
- Exhibit 125: Patterson Companies Inc. - Segment focus
- 12.14 Phibro Animal Health Corp.
- Exhibit 126: Phibro Animal Health Corp. - Overview
- Exhibit 127: Phibro Animal Health Corp. - Business segments
- Exhibit 128: Phibro Animal Health Corp. - Key offerings
- Exhibit 129: Phibro Animal Health Corp. - Segment focus
- 12.15 Thermo Fisher Scientific Inc.
- Exhibit 130: Thermo Fisher Scientific Inc. - Overview
- Exhibit 131: Thermo Fisher Scientific Inc. - Business segments
- Exhibit 132: Thermo Fisher Scientific Inc. - Key news
- Exhibit 133: Thermo Fisher Scientific Inc. - Key offerings
- Exhibit 134: Thermo Fisher Scientific Inc. - Segment focus
- 12.16 Virbac SA
- Exhibit 135: Virbac SA - Overview
- Exhibit 136: Virbac SA - Business segments
- Exhibit 137: Virbac SA - Key offerings
- Exhibit 138: Virbac SA - Segment focus
- 12.17 Zoetis Inc.
- Exhibit 139: Zoetis Inc. - Overview
- Exhibit 140: Zoetis Inc. - Business segments
- Exhibit 141: Zoetis Inc. - Key news
- Exhibit 142: Zoetis Inc. - Key offerings
- Exhibit 143: Zoetis Inc. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 144: Inclusions checklist
- Exhibit 145: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 146: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 147: Research methodology
- Exhibit 148: Validation techniques employed for market sizing
- Exhibit 149: Information sources
- 13.5 List of abbreviations
- Exhibit 150: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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animal health market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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