The gross value added from livestock within the agricultural industry across India amounted to nearly nine trillion Indian rupees in fiscal year 2023. There was a gradual increase in the GVA from this sector since fiscal year 2012. Although decreasing in contribution, crops contributed the largest share, at 54.3 percent to Indian agriculture, forestry and fishing sector in the same time period.
The gross value added from livestock sector across Tamil Nadu amounted to over 729 billion Indian rupees in fiscal year 2020. The southern state contributed over nine percent to the economic value in India from this sector. Livestock products were valued at over seven trillion rupees that year to the country's economy.
By Animal Type:The veterinary market in India is segmented by animal type into companion animals and livestock animals. Livestock animals, including cattle, poultry, and swine, dominate the market share due to India's agrarian economy, which is heavily reliant on livestock for income and sustenance. The livestock segments growth is driven by the increasing demand for meat, dairy products, and other animal-derived products, alongside government initiatives aimed at improving animal health through vaccination programs and disease control measures. By Product Type:India's Veterinary Industry market is segmented by product type into veterinary pharmaceuticals, veterinary diagnostics, veterinary vaccines, and veterinary medical equipment. Among these, veterinary pharmaceuticals hold the dominant market share in India due to their critical role in treating various animal diseases and ensuring livestock health. This segment's dominance is driven by the growing prevalence of zoonotic diseases and the rising demand for antibiotics and anti-infectives in the livestock sector. Furthermore, the increasing investments in research and development for animal health products are also contributing to the rapid growth of this segment. India Veterinary Industry Market Segmentation The National Animal Disease Control Program (NADCP) was launched with a budget of INR 13,343 crores to vaccinate 500 million livestock annually. The program focuses on controlling and eradicating diseases such as Foot and Mouth Disease (FMD) and Brucellosis. This initiative significantly boosts demand for veterinary services across India, creating opportunities for veterinarians, healthcare providers, and pharmaceutical companies.
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The India Feed Additives Market is segmented by Additive (Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Flavors & Sweeteners, Minerals, Mycotoxin Detoxifiers, Phytogenics, Pigments, Prebiotics, Probiotics, Vitamins, Yeast) and by Animal (Aquaculture, Poultry, Ruminants, Swine). The market volume and value are presented in metric ton and USD respectively. The key data points include the market size of additives, sub-additives, and also for animal categories.
The gross value added from livestock within the agricultural industry across India amounted to nearly eight trillion Indian rupees in fiscal year 2021. There was a gradual increase in the GVA from this sector since fiscal year 2012. Although decreasing in contribution, crops contributed the largest share, at 54.9 percent to Indian agriculture, forestry and fishing sector in the same time period.
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The cattle feed market under FMI published an updated report stating the market's current valuation is US$ 83.4 billion in 2024. Over the time span of ten years, the market is slated to rise to a valuation of US$ 127.8 billion by 2034. The updated report suggests a CAGR of 4.4% from 2024 to 2034.
Attributes | Key Insights |
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Cattle Feed Market Size in 2024 | US$ 83.4 billion |
Cattle Feed Market Value in 2034 | US$ 127.8 billion |
Value-based CAGR from 2024 to 2034 | 4.4% |
Historical Demand Pattern of Cattle Feed from 2019 to 2023 and the Road to the Future from 2024 to 2034
Historical CAGR from 2019 to 2023 | 4.06% |
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Forecast CAGR from 2024 to 2034 | 4.4% |
Country-wise Analysis
Countries | Forecast CAGRs from 2024 to 2034 |
---|---|
The United States | 2.8% |
The United Kingdom | 3.5% |
China | 2.1% |
India | 8.2% |
Japan | 4.3% |
Category-wise Insights
Category | Market Share |
---|---|
Concentrate Foods | 43.5% |
Pelleted Cattle Feed | 33.9% |
Report Scope
Attributes | Details |
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Estimated Market Size in 2024 | US$ 83.4 billion |
Projected Market Valuation in 2034 | US$ 127.8 billion |
Value-based CAGR 2024 to 2034 | 4.4% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in US$ billion |
Key Regions Covered |
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Key Market Segments Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Cattle Healthcare Market Size 2024-2028
The cattle healthcare market size is forecast to increase by USD 4.47 billion at a CAGR of 8.91% between 2023 and 2028.
The market is experiencing significant growth due to several key factors. The increasing burden of cattle diseases is a major driver for market expansion, as farmers seek effective solutions to maintaIn the health and productivity of their herds. Additionally, the rising shift towards animal farming, particularly in developing countries, is creating new opportunities for market participants. However, challenges remain In the form of problematic disease management practices, which necessitate the development of advanced healthcare solutions. These trends and growth factors are shaping the future of the market, offering potential for innovation and growth.
What will be the Size of the Cattle Healthcare Market During the Forecast Period?
Request Free SampleThe market encompasses a range of products and services aimed at maintaining the health and productivity of bovine livestock. Animal husbandry practices prioritize preventative measures against diseases such as bovine tuberculosis, anthrax, brucellosis, rabies, milk fever, and chronic conditions like mastitis and inflammation of the mammary gland. Clinical mastitis, a common ailment causing inflammation and infection In the mammary gland, significantly impacts milk production and necessitates timely intervention. Drug consumption and medical devices are integral components of cattle healthcare, with a focus on enhancing immunity and mitigating the spread of diseases. The adoption of advanced technologies, including vaccine development, is driving market revenues in this sector.The market is a critical aspect of livestock production, with implications for both milk and meat production industries, as well as poultry production.
How is this Cattle Healthcare Industry segmented and which is the largest segment?
The cattle healthcare industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. TypeBeef cattleDairy cattle ProductPharmaceuticalsFeed additivesVaccinesOthers GeographyNorth AmericaUSEuropeGermanyFranceAsiaChinaIndiaRest of World (ROW)
By Type Insights
The beef cattle segment is estimated to witness significant growth during the forecast period.
Beef cattle healthcare is a critical component of animal farming, focusing on the prevention, diagnosis, and treatment of diseases, as well as the promotion of productivity and animal welfare. Disease prevention is achieved through vaccination programs targeting illnesses like bovine tuberculosis, milk fever, and chronic diseases, ensuring herd health and reducing drug consumption. Proper nutrition plays a significant role in maintaining cattle health and productivity, with balanced diets tailored to various life stages. Regular health monitoring, including parasite control and hoof care, is essential to address potential health issues. Medical devices, such as diagnostic imaging tools like CT scans and magnetic resonance imaging, are used to diagnose and treat conditions affecting the mammary gland, such as clinical mastitis and inflammation.Veterinary services and medications, including vaccines and medicines naturally derived, are crucial in maintaining the well-being of the cattle population. Livestock production, including milk production, poultry production, and dairy industry, relies on effective cattle healthcare practices, with emerging economies investing in initiatives to improve infrastructure, funding, and awareness. Disease control and monitoring are essential for sustainable livestock production, addressing zoonotic diseases like Salmonellosis and ensuring animal welfare.
Get a glance at the Cattle Healthcare Industry report of share of various segments Request Free Sample
The Beef cattle segment was valued at USD 3.7 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 37% to the growth of the global market during the forecast period.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions, Request Free Sample
The North American the market is experiencing significant growth due to several factors. The region's increasing cattle population and heightened focus on animal welfare have fueled the demand for advanced cattle healthcare solutions. Approximately 60% to 65% of US households own cattle, with around 85 million to 87 million homes housing them. To enhance cattle health, veterinary clinics and hospitals are adopting innovative healthcare p
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The Indian cows skin market was estimated at $739M in 2024, leveling off at the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2024; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $899M. From 2015 to 2024, the growth of the market remained at a lower figure.
Explore India’s animal feed market trends, key players & challenges in 2028. Get insights into demand, regulations & industry growth opportunities.
The gross value added from meat products within the livestock sector across India amounted to over two trillion Indian rupees in fiscal year 2023. This group of products made up about 23.6 percent of the economic value in this sector. Livestock products contributed over eight trillion rupees that year to the country's economy.
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The Indian cattle hide and skin market reached $1.1B in 2024, leveling off at the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Cattle hide and skin consumption peaked at $1.3B in 2014; however, from 2015 to 2024, consumption remained at a lower figure.
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Forecast: Animal Fats Market Size Volume in India 2023 - 2027 Discover more data with ReportLinker!
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The Indian animal feed market size reached a value of around USD 14.34 Billion in the year 2024. The market is further expected to grow at a CAGR of 3.90% between 2025 and 2034 to reach a value of approximately USD 21.02 Billion by 2034.
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Livestock Production: Meat: Sheep: Tamil Nadu data was reported at 68.080 Ton th in 2022. This records an increase from the previous number of 64.460 Ton th for 2021. Livestock Production: Meat: Sheep: Tamil Nadu data is updated yearly, averaging 17.000 Ton th from Mar 1999 (Median) to 2022, with 23 observations. The data reached an all-time high of 68.080 Ton th in 2022 and a record low of 8.090 Ton th in 2000. Livestock Production: Meat: Sheep: Tamil Nadu data remains active status in CEIC and is reported by Department of Animal Husbandry and Dairying. The data is categorized under India Premium Database’s Agriculture Sector – Table IN.RIQ001: Livestock Production: Meat.
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Forecast: Animal Fats Market Size Volume Per Capita in India 2023 - 2027 Discover more data with ReportLinker!
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Livestock Production: Meat: West Bengal data was reported at 1,293.850 Tonne th in 2024. This records an increase from the previous number of 1,165.710 Tonne th for 2023. Livestock Production: Meat: West Bengal data is updated yearly, averaging 594.200 Tonne th from Mar 1999 (Median) to 2024, with 26 observations. The data reached an all-time high of 1,293.850 Tonne th in 2024 and a record low of 229.000 Tonne th in 2007. Livestock Production: Meat: West Bengal data remains active status in CEIC and is reported by Department of Animal Husbandry and Dairying. The data is categorized under India Premium Database’s Agriculture Sector – Table IN.RIQ001: Livestock Production: Meat.
The north-eastern state of Assam produced about 861 thousand metric tons of milk within the livestock products sector in fiscal year 2017. In comparison, the state produced only 47 thousand metric tons of meat indicating a higher consumption of fish and its products. In addition, about 477.1 million eggs were produced in the state in the same time period. India's meat production amounted to over 165 million metric tons during the measured time period.
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The India Feed Minerals Market is segmented by Sub Additive (Macrominerals, Microminerals) and by Animal (Aquaculture, Poultry, Ruminants, Swine). The market volume and value are presented in metric ton and USD respectively. The key data points include the market size of additives, sub-additives, and also for animal categories.
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Livestock Production: Meat: Poultry: Telangana data was reported at 445.240 Ton th in 2022. This records an increase from the previous number of 410.310 Ton th for 2021. Livestock Production: Meat: Poultry: Telangana data is updated yearly, averaging 363.850 Ton th from Mar 2018 (Median) to 2022, with 5 observations. The data reached an all-time high of 445.240 Ton th in 2022 and a record low of 314.250 Ton th in 2018. Livestock Production: Meat: Poultry: Telangana data remains active status in CEIC and is reported by Department of Animal Husbandry and Dairying. The data is categorized under India Premium Database’s Agriculture Sector – Table IN.RIQ001: Livestock Production: Meat.
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Livestock Insurance Market size was valued at USD 3.25 Billion in 2024 and is projected to reach USD 6.02 Billion by 2031, growing at a CAGR of 8% from 2024 to 2031.
Global Livestock Insurance Market Drivers
Increasing Frequency of Extreme Weather Events and Natural Disasters: The increasing frequency of extreme weather events and natural calamities has a substantial impact on livestock farmers, driving up demand for livestock insurance. According to the Food and Agriculture Organization (FAO) of the United Nations, between 2008 and 2018, agriculture accounted for around 20% of disaster-related economic losses in developing countries, with livestock accounting for 36%. This disturbing trend is mostly driven by livestock’s vulnerability to climate-related threats such as droughts, floods, and diseases, which are compounded by shifting weather patterns.
Growing Livestock Population and Intensification of Farming Practices: The expanding livestock population and intensification of farming practices are driving demand for livestock insurance, as global demand for animal products rises. According to the World Bank, globally meat production is expected to rise by 13% between 2020 and 2029, reaching 366 million tons in 2029. This increase in livestock numbers not only expands operations, but also increases financial risks connected with disease outbreaks, market swings, and production issues.
Rising Awareness and Government Support for Agricultural Insurance: Rising awareness and government support for agricultural insurance, including livestock insurance, are helping farmers protect their livelihoods. For instance, in India, the government’s Livestock Insurance Scheme experienced significant growth, with the number of insured animals jumping from 5.6 million in 2019-20 to 7.9 million in 2020-21—a 41% increase in just one year, according to the Department of Animal Husbandry and Dairying.
The gross value added from livestock within the agricultural industry across India amounted to nearly nine trillion Indian rupees in fiscal year 2023. There was a gradual increase in the GVA from this sector since fiscal year 2012. Although decreasing in contribution, crops contributed the largest share, at 54.3 percent to Indian agriculture, forestry and fishing sector in the same time period.