India Veterinary Services Market Size & Outlook, 2023-2030
India veterinary services market, 2018-2030 (US$M)
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India veterinary services market highlights
- The India veterinary services market generated a revenue of USD 3,668.0 million in 2023 and is expected to reach USD 7,046.6 million by 2030.
- The India market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
- In terms of segment, production animals was the largest revenue generating animal type in 2023.
- Companion Animals is the most lucrative animal type segment registering the fastest growth during the forecast period.
Veterinary services market data book summary
| Market revenue in 2023 | USD 3,668.0 million |
| Market revenue in 2030 | USD 7,046.6 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Production animals |
| Fastest growing segment | Companion Animals |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Companion Animals, Production Animals |
| Key market players worldwide | CVS Group PLC, National Veterinary Associates, Pets at Home Group PLC, Greencross Vets, Fetch Pet Care, IVC Evidensia, PetSmart, Airpets International |
Other key industry trends
- In terms of revenue, India accounted for 2.9% of the global veterinary services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China veterinary services 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 7,046.6 million by 2030.
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Veterinary Services Market Scope
Veterinary Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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India veterinary services 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 services market will help companies and investors design strategic landscapes.
Production animals was the largest segment with a revenue share of 58.49% in 2023. Horizon Databook has segmented the India veterinary services market based on companion animals, production animals covering the revenue growth of each sub-segment from 2018 to 2030.
India has a large and growing veterinary services sector, driven by the largest livestock population in the world. Including cows, buffaloes, goats, and sheep. This creates a significant demand for veterinary services to maintain the health and productivity of these animals. India spends up to USD 347 million on pet care. Various factors contributing to the market growth include rapid urbanization, increase in nuclear families, rise in spending power, and the humanization of pets.
The country is home to about 20 million pet dogs. These factors support the market growth. In addition, India is the third-largest producer of eggs and the fifth-largest producer of chicken. Thus, with an increase in the availability of poultry products, the necessity of maintaining the quality of these products has increased, which is boosting market growth.
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Our clientele includes a mix of veterinary services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India veterinary services market , including forecasts for subscribers. This country databook contains high-level insights into India veterinary services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India veterinary services market size, by animal type, 2018-2030 (US$M)
India Veterinary Services Market Outlook Share, 2023 & 2030 (US$M)
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