India Animal Health Market Size, Share, and COVID-19 Impact Analysis, By Animal Type (Commercial and Companion), By Product Type (Biologics, Pharmaceuticals, and Diagnostics), By Distribution Channel (Veterinary Hospitals, Veterinary Clinics, Pharmacies and Drug Stores, and Others), and India Animal Health Market, Insight, Industry Trend, Forecasts to 2035.

India Animal Health Market Insights Forecasts to 2035

• India Animal Health Market Size 2024: USD 1.89 Billion
• India Animal Health Market Size 2035: USD 7.9 Billion
• India Animal Health Market CAGR: 13.89%
• India Animal Health Market Segments: Animal Type, Product Type, and Distribution Channel

The animal health sector refers to the general physical, physiological, and behavioral soundness of domestic animals, livestock, poultry, and pets. It encompasses disease prevention, diagnosis, treatment, vaccination, nutrition management, and biosecurity measures to maximize productivity and life span. Animal health products include veterinary drugs, vaccines, feed supplements, diagnostic tests, breeding management, and disease monitoring systems. It helps in livestock productivity, food safety, zoonotic disease control, and pet health. Proper animal health management improves farm profitability, animal well-being, and public health protection from safe animal-derived food products.

The Indian government implemented an inclusive collection of initiatives to transform the animal health sector, with significant policy push and funding announced in recent months. The Union Budget prioritized the sector by proposing a credit-linked subsidy scheme to boost entrepreneurship and modernization in livestock, dairy, and poultry enterprises, while also introducing tax deductions for primary cooperatives supplying cattle feed to lower costs for farmers. The government continues to strengthen disease control through the Livestock Health & Disease Control programme with an outlay of Rs3,880 crore for 2024-2026, implementing prophylactic vaccination programmes against Foot-and-Mouth Disease (FMD), Peste des Petits Ruminants (PPR), and Classical Swine Fever, with the target of eradicating PPR by 2030 through 100% central assistance for vaccinating all sheep and goats.

The Indian animal health market offers huge opportunities for all concerned parties. With the strong thrust from the government through initiatives such as the credit-linked subsidy scheme for entrepreneurship and funding for private veterinary colleges, there is immense scope for setting up diagnostic labs, veterinary hospitals, and mobile services. The growing number of pet owners, expected to touch 51 million by 2028, generates demand for high-quality healthcare, specialty clinics, and express delivery services. Furthermore, the emphasis on developing domestic vaccines, antimicrobials, and digital farm management solutions creates opportunities for innovation, joint manufacturing, and technology adoption in the commercial and pet animal segments.

Market Dynamics of the India Animal Health Market:

The animal health market is fueled by the rising number of livestock, growing demand for animal-derived food products, and rising pet ownership among urban households. Rising awareness regarding zoonotic diseases, vaccination programs, and government support for dairy and poultry farming further boost the demand. Advancements in veterinary diagnostics, biologics, and medicated feed additives also boost the animal health market. Moreover, the trend of adopting intensive farming practices further fueled the demand for disease management and productivity-enhancing solutions.

The animal health market is restrained by the high cost of modern animal healthcare, and vaccines may act as a barrier to adoption by small-scale farmers. The strict regulatory requirements for veterinary medicines and the issue of antimicrobial resistance may also pose some challenges.

The government's push for indigenous vaccine manufacturing opens doors for public-private partnerships, as seen with recent FMD technology transfers. The growing companion animal health segment demands premium healthcare, specialized clinics, and rapid delivery services. Digital health solutions, antimicrobial alternatives like smart proteins, and the expansion of mobile veterinary units present lucrative avenues. Furthermore, increasing export potential through disease-free zoning initiatives creates opportunities for quality animal health product trade.

Market Segmentation

The India animal health market share is classified into animal type, product type, and distribution channel.

By Animal Type:

The India animal health market is divided by animal type into commercial and companion. Among these, the commercial segment controlled the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The commercial segment dominated due to rising pet ownership and increased awareness of preventive healthcare among urban pet owners, but it currently represents a smaller share compared to commercial animals in the overall India animal health market.

By Product Type:

The India animal health market is divided by product type into biologics, pharmaceuticals, and diagnostics. Among these, the pharmaceuticals segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The pharmaceuticals segment dominance is driven by its high demand for veterinary drugs such as anti-infectives, parasiticides, anti-inflammatories, analgesics, and other medicines used to treat diseases in livestock and companion animals.

By Distribution Channel:

The India animal health market is divided by distribution channel into veterinary hospitals, veterinary clinics, pharmacies and drug stores, and others. Among these, the veterinary hospitals segment accounted for the highest market share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. This growth is supported by o the availability of comprehensive treatment facilities, advanced diagnostic services, surgical procedures, and on-site dispensing of veterinary pharmaceuticals and biologics.

Competitive Analysis:

The report offers the appropriate analysis of the key organisations/companies involved within the India animal health market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. 

Top Key Companies in India Animal Health Market:

• Biovet Pvt. Ltd.
• Caprienzymes Pvt. Ltd.
• Hester Biosciences Ltd.
• Indian Immunologicals Ltd.
• ParaVet India Pvt. Ltd.
• SeQuent Scientific Ltd.
• Stellapps Technologies Pvt. Ltd.
• Venky’s (India) Ltd.
• Vetoquinol India Animal Health Pvt. Ltd.
• Virbac Animal Health India Pvt. Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the India, regional, and country levels from 2020 to 2035. Spherical Insights  has segmented the India animal health market based on the below-mentioned segments:

India Animal Health Market, By Animal Type

• Commercial
• Companion

India Animal Health Market, By Product Type

• Biologics
• Pharmaceuticals
• Diagnostics

India Animal Health Market, By Distribution Channel

• Veterinary Hospitals
• Veterinary Clinics
• Pharmacies and Drug Stores
• Others