Global animal health market 2002-2021

The global animal health market has seen some significant increase in size over the last decade. 2021 has been the most successful year on record for the industry with an estimated value of 33.7 billion U.S. dollars, after a relative stagnation in the preceding three years. The animal health industry is comprised of many different sectors and focuses on both companion animals and food animals.

Animals in the U.S.

There are several million farm animals in the U.S. and many million more companion animals. As of 2021, there were around 93.6 million cattle and calves in the U.S. There were also about 74.8 million pigs and hogs during that same year. On top of the large number of food animals living in the U.S. a significant percentage of U.S. households have a companion animal of some sort.

Animal health market

Given the large number of animals in the U.S. it is no wonder that it represents the largest single animal health market globally. There are many major pharmaceutical companies that work in animal health, some even cater to both human and animal health needs. Currently, Zoetis, an animal health company, and Boehringer Ingelheim, a human and animal health company, held the largest percentage of the global animal health market.