Japan Companion Animal Health Market Size & Outlook
Japan companion animal health market, 2018-2030 (US$M)
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Japan companion animal health market highlights
- The Japan companion animal health market generated a revenue of USD 721.7 million in 2022 and is expected to reach USD 1,532.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.9% from 2023 to 2030.
- In terms of segment, dogs was the largest revenue generating animal type in 2022.
- Other Animal type is the most lucrative animal type segment registering the fastest growth during the forecast period.
Companion animal health market data book summary
| Market revenue in 2022 | USD 721.7 million |
| Market revenue in 2030 | USD 1,532.9 million |
| Growth rate | 9.9% (CAGR from 2022 to 2030) |
| Largest segment | Dogs |
| Fastest growing segment | Other Animal type |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dogs, Equine, Cats, Other Animal type |
| Key market players worldwide | Merck & Co Inc, CEVA Inc, Vetoquinol SA, Zoetis, Boehringer Ingelheim, IDEXX Laboratories Inc, Elanco Animal Health Inc, Indian Immunologicals, Virbac SA, Norbrook |
Other key industry trends
- In terms of revenue, Japan accounted for 3.3% of the global companion animal health market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China companion animal health market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 874.7 million by 2030.
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Companion Animal Health Market Scope
Companion Animal Health Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan companion animal health market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to companion animal health market will help companies and investors design strategic landscapes.
Dogs was the largest segment with a revenue share of 64.32% in 2022. Horizon Databook has segmented the Japan companion animal health market based on dogs, equine, cats, other animal type covering the revenue growth of each sub-segment from 2018 to 2030.
Japan exhibited moderate growth during the forecast period. Its consistent growth can be attributed to technological innovations, growing number of collaborations between global market players, and expansion of distribution networks.
Increase in medical expenditure is a key factor contributing to market growth. According to Japan Pet Food Association, there were 9.6 million pet cats and 8.5 million pet dogs in Japan in 2020.
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Our clientele includes a mix of companion animal health market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan companion animal health market , including forecasts for subscribers. This country databook contains high-level insights into Japan companion animal health market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan companion animal health market size, by animal type, 2018-2030 (US$M)
Japan Companion Animal Health Market Outlook Share, 2022 & 2030 (US$M)
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