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VetBiotek
Hemostatix
BioProducts Laboratory Ltd
Vetoquinol
Grifols S.A.
Luitpold Pharmaceuticals
Zoetis Inc.
IDEXX Laboratories Inc.
Parnell Pharmaceuticals
Elanco Animal Health
Merck Animal Health
Cegelec
Virbac
Pfizer Animal Health
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Global Animal Blood Product Market is estimated to be valued at USD 4.76 Bn in 2025 and is expected to reach USD 7.74 Bn by 2032, growing at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 4.76 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
7.20%
2032 Value Projection:
USD 7.74 Bn
The global animal blood products market has emerged as a vital component of the animal healthcare industry, playing a crucial role in the treatment and prevention of various diseases in livestock and companion animals. Animal blood products, derived from the blood of healthy animals, are used in a wide range of applications, including immunization, disease diagnosis, and therapy. The market has witnessed significant growth in recent years, driven by factors such as increasing demand for animal protein, rising pet ownership, and advancements in veterinary medicine. As the world population continues to grow and the demand for animal-derived products surges, the animal blood products market is expected to expand further, presenting numerous opportunities for stakeholders in the industry.
Market Dynamics:
The global animal blood products market is influenced by several key drivers, restraints, and opportunities. One of the primary drivers is the increasing demand for animal protein, fueled by population growth and changing dietary preferences. As the consumption of meat, dairy, and other animal-derived products rises, the need for effective animal healthcare solutions, including blood products, grows in tandem. Additionally, the rising trend of pet ownership and the growing emphasis on pet health and wellness contribute to the market's growth. However, the market also faces certain restraints, such as concerns over the safety and efficacy of animal blood products, stringent regulatory requirements, and ethical considerations surrounding animal welfare. Despite these challenges, the market presents significant opportunities for growth, including the development of innovative and advanced blood products, the expansion of veterinary healthcare infrastructure in emerging economies, and the increasing adoption of companion animals in households worldwide. As the animal healthcare industry continues to evolve and address the changing needs of livestock and pets, the animal blood products market is poised for further growth and development.
Key Features of the Study:
This report provides in-depth analysis of the global animal blood products market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global animal blood products market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Neogen Corporation, VetBiotek, Hemostatix, BioProducts Laboratory Ltd, Vetoquinol, Grifols S.A., Luitpold Pharmaceuticals, Zoetis Inc., IDEXX Laboratories Inc., Parnell Pharmaceuticals, Elanco Animal Health, Merck Animal Health, Cegelec, Virbac, and Pfizer Animal Health
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global animal blood products market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global animal blood products market
Market Segmentation
Product Type Insights (Revenue, USD Bn, 2020 - 2032)
Whole Blood
Plasma
Serum
Red Blood Cells
Platelets
White Blood Cells
Other Blood Derivatives (e.g., immunoglobulins, fibrinogen, serum albumin)
End User Insights (Revenue, USD Bn, 2020 - 2032)
Pharmaceutical Companies
Academic and Research Institutes
Veterinary Clinics
Diagnostic Laboratories
Blood Transfusion Services
Others (Academic and Research Institutions)
Source Animal Insights (Revenue, USD Bn, 2020 - 2032)
Bovine
Porcine
Equine
Canine
Feline
Others
Distribution Channel Insights (Revenue, USD Bn, 2020 - 2032)
Regional Insights (Revenue, USD Bn, 2020 - 2032)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
Neogen Corporation
VetBiotek
Hemostatix
BioProducts Laboratory Ltd
Vetoquinol
Grifols S.A.
Luitpold Pharmaceuticals
Zoetis Inc.
IDEXX Laboratories Inc.
Parnell Pharmaceuticals
Elanco Animal Health
Merck Animal Health
Cegelec
Virbac
Pfizer Animal Health
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Animal Blood Products Market, By Product Type
Global Animal Blood Products Market, By End User
Global Animal Blood Products Market, By Source Animal
Global Animal Blood Products Market, By Distribution Channel
Global Animal Blood Products Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Driver
Restraint
Opportunity
Impact Analysis
Key Developments
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
Industry Trends
4. Global Animal Blood Products Market, By Product Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Whole Blood
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Plasma
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Serum
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Red Blood Cells
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Platelets
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
White Blood Cells
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Other Blood Derivatives (e.g., immunoglobulins, fibrinogen, serum albumin)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Animal Blood Products Market, By End User, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Pharmaceutical Companies
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Academic and Research Institutes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Veterinary Clinics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Diagnostic Laboratories
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Blood Transfusion Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others (Academic and Research Institutions)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Animal Blood Products Market, By Source Animal, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Bovine
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Porcine
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Equine
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Canine
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Feline
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
7. Global Animal Blood Products Market, By Distribution Channel, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Online
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Offline
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
8. Global Animal Blood Products Market, By Region, 2020 - 2032, Value (USD Bn)
Introduction
Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
Regional Trends
North America
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Source Animal, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Latin America
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Source Animal, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Source Animal, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Source Animal, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Source Animal, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By End User, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Source Animal, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
South Africa
North Africa
Central Africa
9. Competitive Landscape
Neogen Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
VetBiotek
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Hemostatix
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
BioProducts Laboratory Ltd
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Vetoquinol
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Grifols S.A.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Luitpold Pharmaceuticals
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Zoetis Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
IDEXX Laboratories Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Parnell Pharmaceuticals
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Elanco Animal Health
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Merck Animal Health
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Cegelec
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Virbac
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Pfizer Animal Health
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
10. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. References and Research Methodology
References
Research Methodology
About us
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