The global farm animal drug market size accounted for USD 19,450 million in 2024 and is expected to exceed around USD 33,540 million by 2034, growing at a CAGR of 5.6% from 2024 to 2034.
The farm animal drugs are specifically designed for the treatment of the disease related to animals so that to prevent them prior and maintain their good health. The products are commonly anti-inflammatory. Anesthetics and Harmone balancing. The farm animal drug market is further propelling due to the increasing awareness regarding animal’s health and the increase in the prevalence of good quality and branded pharmaceuticals and drugs. The increase in need for better productivity for populations looking for nutritious and disease-free food products, and growing demand for fresh meat, especially due to their protein content, further influence the market. Additionally, growth in awareness, development in technology, rise in healthcare expenditure and awareness about common infections affecting food animals positively affect the farm animal drug market.
On the other, market is facing restrain due to the lack of awareness about the usage of drugs for animal and strict government rules related to the usage of farm animal drug which further restrict the markets growth. However, major companies are focused on developing antimicrobial drugs like water soluble granules for female swing breeding which is creating further opportunities to markets growth.
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| Stats ID: | 7305 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7305 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
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