IMARC Group has recently released a new research study titled “South Korea Animal Health Market Size, Share, Trends and Forecast by Animal Type, Product Type, and Region, 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Animal Health Market Overview
The South Korea animal health market size reached a size of USD 740.8 Million in 2024 and is projected to grow to USD 1,168.2 Million by 2033, at a CAGR of 4.66% during 2025-2033. Market growth is driven by increasing demand for meat, dairy, and livestock products alongside rising pet adoption, fueling companion animal care services. Additionally, government policies improving veterinary infrastructure bolster market expansion.
STUDY ASSUMPTION YEARS
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
SOUTH KOREA ANIMAL HEALTH MARKET KEY TAKEAWAYS
- Current Market Size: USD 740.8 Million in 2024
- CAGR: 4.66% (2025-2033)
- Forecast Period: 2025-2033
- Growing demand for meat, dairy, and other livestock products is advancing market growth as farmers adopt enhanced veterinary practices.
- Rising pet adoption and companion animal care services are expanding the market footprint, driven by urbanization and lifestyle changes.
- Government initiatives promote veterinary infrastructure, disease surveillance, and regulatory improvements, supporting market growth.
- The South Korea meat market is predicted to reach USD 49.0 Billion by 2033, reflecting increased protein consumption.
- Approximately 30% of South Korea's population owned pets as of December last year, emphasizing the rise in pet healthcare needs.
Sample Request Link: [https://www.imarcgroup.com/south-korea-animal-health-market/requestsample]
MARKET GROWTH FACTORS
The substantial growth of the South Korea animal health market is propelled by the increasing demand for meat, dairy, and livestock products. Consumers in South Korea are becoming more health-conscious and prefer high-quality animal food, leading farmers to improve livestock productivity and health through enhanced veterinary practices. These include routine vaccinations, disease testing, and nutritional management. Government initiatives encouraging food safety standards further motivate livestock owners to invest in preventive healthcare. This sustained demand is expected to convert into long-term growth in veterinary pharmaceuticals, diagnostics, and feed additives.
The rise in pet adoption and heightened demand for companion animal care services also significantly support market growth. Urbanization, decreasing family sizes, and evolving lifestyles motivate more families to keep pets, especially dogs and cats, fostering a cultural shift that prioritizes pet health. Pet owners increasingly seek preventive healthcare such as regular veterinary check-ups, immunizations, and parasite control. Expanding pet insurance, specialty clinics, and quality pet food combined with accessible veterinary information are further advancing the veterinary sector.
Government support and regulatory improvements play a pivotal role in expanding the South Korea animal health market. Investments in veterinary infrastructure, biosecurity, and disease surveillance systems target outbreaks like foot-and-mouth disease and avian influenza. Streamlined approval processes for veterinary medicines and vaccines facilitate faster innovation entry. Public-private partnerships improve rural veterinary access, while educational programs increase qualified veterinarians. South Korea's 2025 target to grow its animal medicine sector to USD 2.7 billion by 2035 underlines significant governmental commitment to research, exports, and product quality enhancement.
MARKET SEGMENTATION
Animal Type Insights:
- Commercial: Includes livestock animals raised primarily for meat, dairy, and other agricultural production. The focus is on enhanced veterinary care to improve productivity and health.
- Companion: Consists of pets such as dogs and cats, with market growth driven by increased pet adoption and demand for healthcare products and services.
Product Type Insights:
- Pharmaceuticals: Veterinary drugs used to treat and prevent diseases in animals.
- Biologicals: Products derived from living organisms to promote immunity or treat conditions.
- Medicinal Feed Additives: Substances added to animal feed to promote health and growth.
- Diagnostics: Tools and tests used to diagnose animal health conditions.
Regional Insights:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
REGIONAL INSIGHTS
The report does not explicitly specify the dominant region by market size or CAGR. However, it includes comprehensive analysis of key regional markets such as Seoul Capital Area, Yeongnam, Honam, Hoseo, and others, indicating broad geographic coverage of the South Korea animal health market. Specific statistics relating to regional market shares or growth rates are not provided in the source.
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