What Has Driven the Growth of the Poultry Healthcare Market in Recent Years?
The poultry healthcare market has seen considerable growth due to a variety of factors.
• The dimension of the poultry healthcare market has been expanding at a swift pace in the last few years. From being worth $8.44 billion in 2024, it is projected to scale up to $9.31 billion in 2025, recording a compound annual growth rate (CAGR) of 10.2%.
The notable growth during the historical phase is primarily owing to recurring disease episodes, enhanced poultry production, global expansion of poultry commerce, and conforming to regulatory norms.
What is the Market Size Forecast for the Poultry Healthcare Market?
The poultry healthcare market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of poultry healthcare is projected to experience a swift escalation in the upcoming years. With an anticipated valuation of $13.64 billion in 2029, the market is expected to surge at a compound annual growth rate (CAGR) of 10.0%.
The surge during the forecast period can be ascribed to a rise in global poultry intake, emphasis on preventative healthcare, environmental issues, incorporation of digital technologies, consumer understanding and requirements. Significant trends projected for the forecast period include the fusion of technology, preventive biological measures, tailor-made nutritional schemes, international cooperation for disease monitoring, digital health documentation, and market consolidation.
What Factors Are Driving Growth In The Poultry Healthcare Market?
The growth of the poultry healthcare market is anticipated to be fuelled by the rising occurrence of disease outbreaks in poultry animals. As reported by the United States Department of Agriculture (Animals and Plants Inspection Service), a federal agency based in the US, the outbreak of highly pathogenic avian influenza (HPAI) in FY (2022–2023) is unparalleled in length and magnitude in US history. The first instance of the HPAI outbreak for the 2022-2023 period was detected in February 2022. By August 2023, the National Veterinary Services Laboratory (NVSL) verified 839 cases, impacting nearly 58.8 million birds. Thus, escalating disease outbreaks in poultry are propelling the expansion of the poultry healthcare market.
What Are The Main Segments Of The Global Poultry Healthcare Market?
The poultry healthcare market covered in this report is segmented –
1) By Product: Vaccines, Parasiticides, Anti Infectives, Medical Feed Additives
2) By Test: ELISA, PCR, Molecular Diagnostic test, Laboratory Test
3) By Application: Farm, House
Subsegments:
1) By Vaccines: Live Attenuated Vaccines, Inactivated Vaccines, Recombinant Vaccines
2) By Parasiticides: Endoparasiticides, Ectoparasiticides, Broad-Spectrum Parasiticides
3) By Anti-Infectives: Antibiotics, Antifungals, Antivirals
4) By Medical Feed Additives: Antibiotic Growth Promoters (AGPs), Probiotics, Prebiotics, Nutritional Supplements
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What Emerging Trends Are Influencing The Growth Of The Poultry Healthcare Market?
Leading companies in the poultry healthcare market are introducing cutting-edge vaccines like the INNOVAX-ILT-IBD vaccine to improve poultry's health, shield them from multiple diseases, and increase efficiency in poultry production. To illustrate, in June 2023, MSD Animal Health, a US-based company in the Veterinary Pharmaceuticals and Animal Health industry, introduced the INNOVAX-ILT-IBD vaccine. This progressive vaccine has been engineered to defend poultry from three major diseases, namely infectious laryngotracheitis (ILT), infectious bursal disease (IBD), and Marek's disease (MD), using just a single dose. This advancement represents a considerable leap in poultry healthcare, offering extensive protection from several viral challenges.
Who Are the Key Players in the Poultry Healthcare Market?
Major companies operating in the poultry healthcare market include:
• Ceva Polchem Pvt. Ltd.
• Zoetis Inc.
• Venky's Ltd.
• Phibro Animal Health Corporation
• Merck & Co Inc.
• C. H. Boehringer Sohn AG & Co. KG
• Hester Biosciences Limited
• Romvac Company S. A.
• Bayer AG
• Indovax Pvt. Ltd.
• Affini Technology Limited
• Bimeda Inc.
• IndexxLaboratories Inc.
• BioChek B. V.
• BioinGentech
• MEGACOR Handel mit Medizintechnik u Diagnostika GmbH
• Thermo Fisher Scientific Inc.
• Provet Pharma Private Limited
• Anitox Corp.
• Aviagen Inc.
• Cobb-Vantress Inc.
• Hendrix Genetics BV
• Hubbard LLC
• Hy-Line International
• Novogen
• Lohmann Tierzucht
• Romer Labs Pte Ltd.
What Is The Most Dominant Region In The Poultry Healthcare Market?
North America was the largest region in the poultry healthcare market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the poultry healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
