U.S. Companion Animal Health Market Size & Outlook
U.S. companion animal health market, 2018-2030 (US$M)
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U.S. companion animal health market highlights
- The U.S. companion animal health market generated a revenue of USD 6,857.3 million in 2022 and is expected to reach USD 12,741.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, dogs was the largest revenue generating animal type in 2022.
- Cats 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 6,857.3 million |
| Market revenue in 2030 | USD 12,741.2 million |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | Dogs |
| Fastest growing segment | Cats |
| 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, U.S. accounted for 31.7% 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 North America, U.S. companion animal health market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,040.9 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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U.S. 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 40.54% in 2022. Horizon Databook has segmented the U.S. companion animal health market based on dogs, equine, cats, other animal type covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. held the dominant share of North America companion animal health market in 2020.
This growth can be attributed to a wide range of definitive measures adopted by government animal care organizations working toward overall improvement.
This includes companion Animal Health Emergency Management (AHEM), which aims to ensure food security and other aspects associated with animal products, such as quality, safety, & affordability.
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Target buyers of U.S. companion animal health market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 U.S. companion animal health market , including forecasts for subscribers. This country databook contains high-level insights into U.S. companion animal health market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. companion animal health market size, by animal type, 2018-2030 (US$M)
U.S. Companion Animal Health Market Outlook Share, 2022 & 2030 (US$M)
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