Brazil Companion Animal Health Market Size, Share, Industry, Forecast and outlook (2024-2031)

Brazil Companion Animal Health Market is segmented into By-Products (Vaccines, Anti-Infectives, Medicinal Feed Additives, Diagnostics, Others), By Animals (Cats, Dogs, Equine, Others), and By Region (Amazonas, Para, Mato Grosso, Minas Gerais, Bahia, Rest of Brazil) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Brazil Companion Animal Health Market Overview

The "Brazil Companion Animal Health Market" is expected to grow at a  high CAGR during the forecast period (2024-2031).

 Brazil Companion Animal Health Market Summary

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Brazil Companion Animal Health Market Dynamics

• The rising prevalence of parasitic & infectious diseases and the increasing number of companion animal owners are boosting the market growth for the companion animal healthcare market in Brazil. However, changes in purchase patterns, increased generic drugs, low-cost human drug sublimities, and regulatory restriction is vital factors that might restrain the market growth significantly.

Industry Analysis

• The Companion Healthcare Market is segmented by Products into Vaccines, Anti-Infectives, Medicinal Feed Additives, Parasiticides, Diagnostics, and Others. Medicinal Feed Additives accounted for the most significant market share of more than 20% of Brazil's companion animal health market.

• The products under Medical Feed Additives include immune modulators against inflammatory diseases, probiotics which are microorganisms with health benefits, enzymes, vitamins, antioxidants, and feed acidifiers enhancing nutritional value. These products improve the overall health of companion animals.

Competition Analysis

• Pet specialists such as pet shops and pet superstores are the leading channels to distribute pet care products in Brazil.

• With one of the world’s largest populations of food-producing animals and the booming pet industry, Brazil is still a highly attractive animal health market. Competition is fierce in Brazil, which is pulling product prices down.

Recent Developments 

• In Jun 2018, UCBVET Animal Health, one of the top 10 Brazilian veterinary pharmaceutical companies, announced to step up its R&D efforts to improve its product mix and heed customer calls for new technologies.

• In May 2018, regulatory authorities in Brazil partnered with the country’s animal health industry body to reduce the regulatory backlog.

Market Key players

• Merck Animal Health

• Ceva Santé Animale

• Vetoquinol SA

• Nutreco N.V.

• Bayer Healthcare

• Elanco

• Virbac

• Boehringer Ingelheim

• Pfizer

• Merial

Report Key Takeaways

• Dogs accounted for the largest share of the animal type segment owing to health benefits associated with the adoption of pets, increase in awareness, and demand for efficient care for dogs.

• The primary driver of the companion animal healthcare market is the willingness of owners to increase spending on their pet’s health. Emotional attachment with companion animals is the primary motivator behind this driver.

Scope of the Report

The report covers epidemiology analysis of critical infectious diseases, the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. The synthetic paper market has segmented the product as Vaccines, Anti-Infectives, Medicinal Feed Additives, Parasiticides, Diagnostics, and Others. By Animal, the market is further segmented into Cats, Dogs, Equine, and Others.

Why Purchase the Report?

• Visualize the composition of the Brazil Companion Animal Health market across each indication, regarding type and treatment options, highlighting the critical commercial assets and players.

• Identify business opportunities in the Brazil Companion Animal Health market by analyzing trends and co-development deals.

• Excel data sheet with thousands of data points of the Brazil Companion Animal Health market.

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

• Product mapping in excel for the principal products of all major market players.

Target Audience

• Equipment Suppliers/ Buyers

• Service Providers/ Buyers

• Industry Investors/Investment Bankers

• Education & Research Institutes

• Research Professionals

• Emerging Companies

• Manufacturers