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 USD 740.8 Million in 2024. IMARC Group forecasts the market to grow to USD 1,168.2 Million by 2033, exhibiting a CAGR of 4.66% during the 2025-2033 period. Rising demand for meat, dairy, and livestock products alongside increasing pet adoption and improving veterinary infrastructure are key growth drivers. This growth trajectory highlights the expanding market for animal health products and services in South Korea.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

South Korea Animal Health Market Key Takeaways

• The market size was USD 740.8 Million in 2024.
• The forecast CAGR is 4.66% for 2025-2033.
• Market is projected to reach USD 1,168.2 Million by 2033.
• Growing demand for meat, dairy, and other livestock products is driving market growth through enhanced veterinary practices.
• Increasing pet adoption is generating demand for companion animal care products and services.
• Government support includes policies and funding to improve veterinary infrastructure and biosecurity.
• The South Korea meat market is anticipated to reach USD 49.0 Billion by 2033, indicating a strengthening environment for animal health.

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Market Growth Factors

The demand for meat, dairy, and other livestock products in South Korea is steadily increasing, pushing the growth of the animal health market. Due to rising health consciousness and focus on high-quality animal food, farmers are improving livestock productivity and health by adopting veterinary practices such as routine vaccinations, disease testing, and nutritional management. Additionally, livestock owners are investing in preventive healthcare encouraged by government food safety initiatives. The population's shift toward higher protein intake has pushed producers to enhance animal welfare and health, fostering long-term growth in veterinary pharmaceuticals, diagnostics, and feed additives.

Pet adoption in South Korea is on the rise, contributing substantially to the animal health market expansion. Urbanization, changing family structures, and lifestyle shifts have encouraged pet ownership, especially of dogs and cats. This cultural shift has increased focus on companion animal health, driving demand for preventive healthcare services like immunizations, check-ups, and parasite management. The growth of pet insurance, specialty clinics, and premium pet food also supports veterinary industry growth. Health awareness initiatives and online platforms have improved access to veterinary information, enabling proactive and sophisticated care.

Governmental efforts are significantly strengthening the South Korea animal health sector. The government has introduced policies, financing, and regulations aimed at enhancing veterinary infrastructure and biosecurity. Disease surveillance systems have been improved, particularly targeting foot-and-mouth disease and avian influenza outbreaks. Investments in research, diagnostics, and early response technologies are fostering robust animal health frameworks. Regulatory reforms are facilitating faster approval processes for veterinary medicines and vaccines. Furthermore, public-private partnerships and educational programs to increase qualified veterinarians enhance rural veterinary services and animal healthcare delivery, supporting broad sector growth. South Korea targets a $2.7 billion animal medicine market by 2035 through boosted R&D, exports, and product quality improvements.

Market Segmentation

Animal Type Insights:

• Commercial: Focuses on livestock animals primarily used for meat, dairy, and other agricultural products. These producers invest in veterinary services to improve productivity and animal welfare.
• Companion: Encompasses pets like dogs and cats where health services focus on preventive care, specialty clinics, and pet insurance enhancing the pet care ecosystem.

Product Type Insights:

• Pharmaceuticals: Includes drugs used to prevent and treat animal diseases, supporting livestock and companion animal health.
• Biologicals: Covers vaccines and other biological products that stimulate immune responses to protect animals from diseases.
• Medicinal Feed Additives: Feed supplements with medicinal properties that improve animal health, productivity, and disease resistance.
• Diagnostics: Tools and technologies used to detect diseases, monitor health, and guide treatment decisions in animal populations.

Regional Insights

The report identifies multiple key regions including Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others. Notably, the Seoul Capital Area is implied to be a significant market hub given its central economic role. Overall, the South Korean animal health market benefits from regional veterinary infrastructure improvements and rising demand across all primary geographic segments.

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