Latin America Companion Animal Health Market Size & Outlook
Latin America companion animal health market, 2018-2030 (US$M)
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Latin America companion animal health market highlights
- The Latin America companion animal health market generated a revenue of USD 3,267.4 million in 2022.
- The market is expected to grow at a CAGR of 9% from 2023 to 2030.
- In terms of segment, dogs was the largest revenue generating animal type in 2022.
- Equine is the most lucrative animal type segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 3,267.4 million |
| Market revenue in 2030 | USD 6,496.4 million |
| Growth rate | 9% (CAGR from 2022 to 2030) |
| Largest segment | Dogs |
| Fastest growing segment | Equine |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 15.1% of the global companion animal health market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,849.7 million by 2030.
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Companion Animal Health Market Scope
Companion Animal Health Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 42.32% in 2022. Horizon Databook has segmented the Latin America companion animal health market based on dogs, equine, cats, other animal type covering the revenue growth of each sub-segment from 2018 to 2030.
Growing incidence of animal diseases is driving market growth. Furthermore, increasing government funding in Brazil is contributing to market growth.
Presence of untapped opportunities, rapid economic development, and growing awareness about pet health are some of the key factors contributing to rapid market growth in this region.
In both Mexico and Brazil, dog population dominates the overall pet population. Small dog breeds, such as Chihuahua, Pug, Schnauzer, Yorkshire Terrier, and Bulldog are mostly preferred in Mexico.
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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 continent-level data and insights on the Latin America companion animal health market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America companion animal health market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America companion animal health market size, by country, 2018-2030 (US$M)
Latin America Companion Animal Health Market Outlook Share, 2022 & 2030 (US$M)
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