Brazil Veterinary Medicine Market Size & Outlook
Brazil veterinary medicine market, 2018-2030 (US$M)
Related Markets
Brazil veterinary medicine market highlights
- The Brazil veterinary medicine market generated a revenue of USD 2,652.9 million in 2024 and is expected to reach USD 4,151.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.9% from 2025 to 2030.
- In terms of segment, pharmaceuticals was the largest revenue generating product in 2024.
- Biologics is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary medicine market data book summary
| Market revenue in 2024 | USD 2,652.9 million |
| Market revenue in 2030 | USD 4,151.8 million |
| Growth rate | 7.9% (CAGR from 2025 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Biologics |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics, Pharmaceuticals, Medicated Feed Additives |
| Key market players worldwide | Zoetis Inc Class A, Boehringer Ingelheim, Merck & Co Inc, Elanco Animal Health Inc, Dechra Pharmaceuticals, Ceva Santé Animale, Phibro Animal Health Corp Class A, Virbac SA, Bimeda Ireland, Biogenesis Bago |
Other key industry trends
- In terms of revenue, Brazil accounted for 5.3% of the global veterinary medicine market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil veterinary medicine market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1,465.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Veterinary Medicine Market Scope
Veterinary Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil veterinary medicine 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 veterinary medicine market will help companies and investors design strategic landscapes.
Pharmaceuticals was the largest segment with a revenue share of 72.22% in 2024. Horizon Databook has segmented the Brazil veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
Rising mandates for vaccination to curb livestock disease outbreaks and increasing demand for livestock-related food products are primary factors expected to drive market growth. Brazil's veterinary medicine market growth can be attributed to a large cattle population.
Moreover, the country is also the world’s largest exporter of beef. This has resulted in greater awareness of animal health, and subsequently, boosted the demand for veterinary medicines in the country. Favorable government initiatives are likely to boost revenue growth.
The country has advanced significantly in the past 10 years in the global market for animal products as a result of the ongoing improvements in the health of its herd and the improving quality of its exported goods. Such factors are positively influencing the veterinary medicine market in the country.
Reasons to subscribe to Brazil veterinary medicine market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Brazil veterinary medicine market databook
-
Our clientele includes a mix of veterinary medicine market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 Brazil veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into Brazil veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Brazil veterinary medicine market size, by product, 2018-2030 (US$M)
Brazil Veterinary Medicine Market Outlook Share, 2024 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
