India Veterinary Drugs Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The India veterinary drugs market is expected to grow at a CAGR of 7.90% in the forecast period of 2025-2034.

Companion Segment to Account for a Significant Market Share of the India Veterinary Drugs Industry

Based on animal type, the companion segment is predicted to hold a significant market share in the India veterinary drugs industry. This growth can be attributed to the increased adoption of pets such as dogs, cats, birds, and fish as a house companion among people. Further, the adoption of pets increased in 2020, during the rapid insurgence of the novel coronavirus pandemic, as pets helped people in combating loneliness and the lockdown blues. These factors are expected to contribute to the overall market growth in the forecast period.

Growing Availability of Veterinary Hospitals and Clinics to Augment the India Veterinary Drugs Industry

The India veterinary drugs industry is predicted to be aided by the growing availability of veterinary hospitals and clinics in the region. This growth can be attributed to the heightened demand for quality care and medical facilities for animals and pets. In addition, the rising expenditure by the government in the development of veterinary healthcare infrastructure is also predicted to propel the market growth. Additionally, the increased number of strays are also expected to contribute to the industry growth in the forecast period.

Veterinary Drugs: Market Segmentation

Veterinary drugs refer to medications utilised by medical professionals in treating animal injuries and diseases. These drugs help in the healing and treatment procedures while also ensuring the prevention of any infectious diseases. Additionally, routine vaccinations of animals ensure their improved livelihood, further safeguarding their owners and other people from contracting any harmful diseases through the animals.

Market Breakup by Product

• Biologics
• Pharmaceuticals
• Medicinal Feed Additives

Market Breakup by Animal Type

• Companion
• Livestock

Market Breakup by Route of Administration

• Oral
• Parenteral
• Topical

Market Breakup by Distribution Channel

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

Market Breakup by Region

• North India
• East India
• West India
• South India

Growing Animal Ownership to Bolster the India Veterinary Drugs Industry

The growing animal ownership in the region is projected to significantly impact the industry growth in the forecast period. According to the 20th Livestock Census conducted by the government of India, a total livestock population of 535.78 million was recorded, showing a 4.6% increase since 2012, making India the highest livestock owner in the world. This can be attributed to the range of services provided by livestock animals, including food, fibre and skin, and animal waste, among others. This is leading to the increased demand for veterinary drugs to ensure the good health of livestock animals. Furthermore, the growing adoption of pet animals as companions is also witnessing a surge, fuelled by the rising disposable incomes, rapid urbanisation and the improved living standards of people. These factors are projected to positively impact the market growth in the forecast period.

Key Industry Players in the India Veterinary Drugs Market

The report gives a detailed analysis of the following key players in the India veterinary drugs market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Zovix Pharmaceuticals
• ANI Healthcare
• MarchVET
• Century Pharmaceuticals Ltd
• Adani Pharmachem Private Limited
• Others

The comprehensive report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.