Poultry Healthcare Market Size, Share, Industry Trends and Forecast to 2030

Poultry Healthcare Market Size & CAGR in 2021

The global poultry healthcare market size was valued at USD 4.2 billion in 2021, with a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period from 2021 to 2028. The market is expected to reach USD 6.3 billion by the end of 2028. The increasing demand for poultry products, rising concerns about animal health, and the prevalence of diseases among poultry animals are driving the growth of the poultry healthcare market globally.

COVID-19 Impact on the Poultry Healthcare Market

The COVID-19 pandemic had a significant impact on the poultry healthcare market. The pandemic led to disruptions in the global supply chain, resulting in the shortage of veterinary drugs, vaccines, and other healthcare products for poultry animals. The restrictions on movement and trade also affected the distribution of poultry healthcare products, impacting the overall market growth. However, as the world gradually recovers from the pandemic, the poultry healthcare market is expected to rebound and show steady growth in the coming years.

Poultry Healthcare Dynamics

The poultry healthcare market is driven by various factors such as increasing consumer demand for poultry products, rising concerns about food safety and animal welfare, and the prevalence of diseases in poultry animals. The adoption of advanced healthcare technologies and the development of innovative healthcare products for poultry animals are also boosting market growth. However, challenges such as stringent regulatory policies and the high cost of healthcare products are hindering market expansion.

Segments and Related Analysis

By Product Type:

The poultry healthcare market is segmented into vaccines, pharmaceuticals, feed additives, and diagnostic products. Vaccines accounted for the largest market share in 2021, driven by the increasing emphasis on preventive healthcare measures for poultry animals. Pharmaceuticals are also witnessing significant growth due to the rising incidences of diseases among poultry.

By Disease Type:

Common diseases affecting poultry animals include Newcastle disease, Infectious Bronchitis, Avian Influenza, and Coccidiosis. Coccidiosis accounted for the highest market share in 2021, given its widespread prevalence and impact on poultry production. The demand for healthcare products to treat and prevent coccidiosis is driving market growth in this segment.

By Region Analysis

North America

North America dominated the poultry healthcare market in 2021, attributed to the presence of key market players, increasing investments in research and development, and strict regulations governing animal health. The region is expected to maintain its market leadership in the forecast period, driven by technological advancements in healthcare products for poultry animals.

Europe

Europe is a significant region in the poultry healthcare market, characterized by the adoption of sustainable farming practices and the emphasis on animal welfare. The region has witnessed a growing demand for organic and antibiotic-free poultry products, driving the need for quality healthcare solutions for poultry animals.

Asia Pacific

The Asia Pacific region is experiencing rapid growth in the poultry healthcare market, supported by the increasing consumption of poultry products and the rising awareness about animal health. Countries like China and India are major contributors to market expansion in the region, driven by the growing poultry industry and the need for effective healthcare solutions.

Key Market Players and Competitive Landscape

The poultry healthcare market is highly competitive, with key players including Zoetis, Elanco, Ceva Santé Animale, Boehringer Ingelheim, and Merck Animal Health. These companies are focused on new product development, strategic partnerships, and acquisitions to strengthen their market presence and offer innovative healthcare solutions for poultry animals.

Recent Happenings in the Poultry Healthcare Market

In recent developments, key market players have introduced new vaccines, pharmaceuticals, and diagnostic products for poultry animals to address the evolving healthcare needs of the industry. Companies are also investing in research and development to develop advanced solutions for disease prevention and treatment in poultry animals.