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Homeopathic Veterinary Medicines Market Estimated to Generate a Revenue of US$ 200 Mn By 2022-2030

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Anti-scientific Attitudes toward Homeopathic Medicines Affecting Market Growth during COVID-19 Pandemic

The position of homeopathic veterinary medicines has become highly debatable these days. The coronavirus outbreak on one side has made pet owners conscious about the well-being of their animals where as anti-scientific attitudes and behavior on the other hand are emerging as a challenge for stakeholders in the homeopathic veterinary medicines market. Nonetheless, stakeholders are strengthening their supply chains through eCommerce, home deliveries, and online pharmacies in order to keep economies running during the pandemic.

Telehealth and e-medicine are fast growing phenomena in the homeopathic veterinary medicines market during the pandemic. Clinical experts and veterinarians are increasing efforts to promote the importance of science-based information for homeopathic medicines. Such promotion is increasing the scope for alternative therapies.

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Short Training Courses for Farmers Contribute to Efficient Animal Health Management

The homeopathic veterinary medicines market is projected to cross US$ 200 Mn by 2031. However, there is a need to improve farmers’ knowledge regarding the use of homeopathic medicines and prevention methods. Improvements in observational skills and alternative medicines are emerging as new ways for veterinarians to work with farmers. The changing role of veterinarians on dairy farms is contributing toward the efficient animal health management.

Increased demand from citizens and consumers for better management of livestock health and greater respect for farm animal welfare are translating into revenue opportunities for healthcare stakeholders in the homeopathic veterinary medicines market and veterinarians. Veterinarians are encouraging farmers for short training courses offered by agriculture-related organizations.

Evidence-based Homeopathy Overcome Antimicrobial Resistance Problem in Animals

The stakeholders in the Europe homeopathic veterinary medicines market are gaining awareness about evidence-based homeopathy and veterinary homeopathy & its potential to help overcome the antimicrobial resistance problem in domestic & companion animals.

Physicians and veterinarians Dr. Petra Weiermayer, Prof. Michael Frass, Dr. Thomas Peinbauer, and Dr. Liesbeth Ellinger published a conventional peer-reviewed journal highlighting the importance of evidence-based homeopathy and veterinary homeopathy & its potential to help overcome the antimicrobial resistance problem. Companies in the homeopathic veterinary medicines market are taking cues from such findings to evaluate the potential of homeopathy and phytotherapy for the reduction of antibiotics usage in animals. Such trends have the potential to increase the number of organic farms throughout Europe.

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Are Homeopathic Veterinary Medicines Reliable for Animal Welfare?

The homeopathic veterinary medicines have gained awareness and business grounds in India. Mukesh Batra, chairman emeritus of Dr. Batra’s Homeopathy in India states that homeopathy has had outstanding effects on pets, especially for skin diseases and arthritis.

In cases where allopathy fails, veterinarians are suggesting homeopathy medicines for domestic and companion animals. However, it is still highly debatable whether homeopathic medicines are always efficacious. In July 2016, several vets in the U.K. signed a petition calling on the Royal College of Veterinary Surgeons to stop vets from offering homeopathy to animals. Thus, companies in the homeopathic veterinary medicines market are increasing their R&D efforts to develop improved formulations in medications.

EU Legislation Boosting Importance of Homeopathic Veterinary Medicines

There is a growing preference and awareness about homeopathy and phytotherapy in organic farms as compared to conventional medicines, including antibiotics. The application of these complimentary medical treatments in the sense of integrative veterinary medicine i.e. the combination of complementary and conventional medical therapy procedures is emerging as an innovative and proactive approach.

The guarantee of the EU legislation over the quality and safety of homeopathic medical products is grabbing the attention of stakeholders in the homeopathic veterinary medicines market. Current national laws in Germany, Switzerland, and Austria pertaining to the homeopathic veterinary medicines are translating into revenue opportunities for stakeholders. Moreover, companies in the homeopathic veterinary medicines market are finding out that homeopathy is helping to reduce the dependence on antibiotics.

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Analysts’ Viewpoint

Despite anti-scientific views and anti-vaccine ideology, especially in the U.S., stakeholders and veterinarians are promoting the importance of homeopathic veterinary medicines amid the ongoing COVID-19 outbreak. The homeopathic veterinary medicines market is expected to expand at a modest CAGR of ~5% during the forecast period. However, there is a lack of evidence whether homeopathy is entirely reliable in the animal health management. Hence, companies are increasing awareness about the EU legislation and the current laws in European countries that are validating the importance of homeopathic veterinary medicines. By carefully observing animals and recording their symptoms, stakeholders & researchers are able to cross-reference the remedies for animals.

Homeopathic Veterinary Medicines Market: Overview

This report analyzes the current scenario and future prospects of the global homeopathic veterinary medicines market. The global homeopathic veterinary pharmaceuticals market is estimated to expand due to a rise in the demand for complementary and alternative medicine (CAM), safety and decreased risk of unpleasant side-effects, growing pet ownership and investment in the pet sector, antimicrobial resistance (AMR), and homeopathy as an alternative therapy.

The report provides an elaborate executive summary, including a snapshot of various segments of the homeopathic veterinary medicines market. It also provides elaborate information and data analysis of the global homeopathic veterinary medicines market with regards to segments based on source of origin, type of animal, distribution channel, and region.

The overview section of the report provides a detailed qualitative analysis of drivers and restraints, and opportunities that impact the global homeopathic veterinary medicines market

Additionally, the report includes company profiles which provide information about their business, product portfolios, and competitive landscape in the homeopathic veterinary medicines market

The report on the global homeopathic veterinary medicines market offers market attractiveness analysis of the regions and segments

The last section of the report comprises quantitative and qualitative analysis on market share/position of key players operating in the global homeopathic veterinary medicines market. It analyzes the key competitive strategies adopted by the major industry players, thereby presenting a thorough understanding of the competitive scenario in the global homeopathic veterinary medicines market.

Homeopathic Veterinary Medicines Market: Key Segments

In terms of source of origin, the global homeopathic veterinary medicines market has been classified into plant-derived, animal-derived, and minerals. The plant-derived segment held a major share of the global homeopathic veterinary medicines market in 2020, and the trend is anticipated to continue during the forecast period.

Based on type of animal, the global homeopathic veterinary medicines market has been segmented into domestic animals, and companion animals. The domestic animals segment accounted for majority of the market share in 2020.

In terms of distribution channel, the global homeopathic veterinary medicines market has been categorized into retail pharmacies, veterinary clinics, and online pharmacies

The market value and forecast for each of these segments have been provided from 2017 to 2031. The CAGRs of respective segments have also been provided from 2021 to 2031, considering 2017 to 2019 as the historical years and 2020 as base year.

Homeopathic Veterinary Medicines Market: Regional Outlook

In terms of region, the global homeopathic veterinary medicines market has been divided into North America (the U.S. and Canada), Europe (the U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Each region considered in the market has been divided into countries/sub-regions.

The homeopathic veterinary medicines market report provides value and forecast for each region and country/sub-region from 2017 to 2031. The compound annual growth rates (CAGRs) for each of these regions and countries have also been provided for the forecast period from 2021 to 2031. The homeopathic veterinary medicines market study also covers the competitive scenario in these regions.

Companies Mentioned in Report

Key players in the global homeopathic veterinary medicines market have been profiled based on attributes such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies

Major companies profiled in the global homeopathic veterinary medicines market report are

  • Boiron Laboratories
  • animalEO
  • Dorwest Herbs Ltd.
  • Freemans Homeopathy Pharmacy
  • Goel Vet Pharma
  • Guna SPA
  • Helios Homeopathy Ltd.
  • Hivet
  • Omida AG
  • CURE WELL HOMOEO PHARMACY
  • Dr. Reckeweg & Co. GmbH
  • Biologische Heilmittel Heel GmbH

Key Questions Answered in Homeopathic Veterinary Medicines Market Report

  • What are the major drivers, restraints, opportunities in the market?
  • What will be the revenue share projections of key segments in the global homeopathic veterinary medicines market during the forecast period?
  • Which segment is likely to lead the global homeopathic veterinary medicines market in terms of revenue by 2031?
  • How mergers & acquisitions among players are widening the scope for the global homeopathic veterinary medicines market?
  • Which are the leading companies in the global homeopathic veterinary medicines market?

Homeopathic Veterinary Medicines Market – Segmentation

Source of Origin

  • Plant-derived
  • Animal-derived
  • Minerals

Type of Animal

  • Domestic Animals
  • Companion Animals

Distribution Channel

  • Retail Pharmacies
  • Veterinary Clinics
  • Online Pharmacies

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary : Global Homeopathic Veterinary Medicines Market

4. Market Overview

4.1. Introduction

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global Homeopathic Veterinary Medicines Market Analysis and Forecast, 2017–2031

4.4.1. Market Revenue Projections (US$ Mn)

5. Market Outlook

5.1. Disease Prevalence & Incidence Rate Globally with Key Countries

5.2. COVID-19 Pandemic Impact on Homeopathic Veterinary Medicines Industry

5.3. Regulatory Scenario Across Region/Country

6. Global Homeopathic Veterinary Medicines Market Value and Forecast, by Source of Origin

6.1. Introduction

6.2. Global Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origin, 2017–2031

6.2.1. Plant-derived

6.2.2. Animal-derived

6.2.3. Minerals

6.3. Global Homeopathic Veterinary Medicines Market Attractiveness, by Source of Origin

7. Global Homeopathic Veterinary Medicines Market Value and Forecast, by Type of Animal

7.1. Introduction

7.2. Global Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Type of Animal, 2017–2031

7.2.1. Domestic Animals

7.2.2. Companion Animals

7.3. Global Homeopathic Veterinary Medicines Market Attractiveness, by Type of Animal

8. Global Homeopathic Veterinary Medicines Market Value and Forecast, by Distribution Channel

8.1. Introduction

8.2. Global Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2031

8.2.1. Retail Pharmacies

8.2.2. Veterinary Clinics

8.2.3. Online Pharmacies

8.3. Global Homeopathic Veterinary Medicines Market Attractiveness, by Distribution Channel

9. Global Homeopathic Veterinary Medicines Market Value and Forecast, by Region

9.1. Introduction

9.2. Homeopathic Veterinary Medicines Value (US$ Mn) Forecast, by Region, 2017–2031

9.2.1. North America

9.2.2. Europe

9.2.3. Asia Pacific

9.2.4. Latin America

9.2.5. Middle East & Africa

9.3. Global Homeopathic Veterinary Medicines Market Attractiveness, by Region

10. North America Homeopathic Veterinary Medicines Market Analysis and Forecast

10.1. Introduction

10.2. North America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origin, 2017–2031

10.2.1. Plant-derived

10.2.2. Animal-derived

10.2.3. Minerals

10.3. North America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Type of Animal, 2017–2031

10.3.1. Domestic Animals

10.3.2. Companion Animals

10.4. North America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2031

10.4.1. Retail Pharmacies

10.4.2. Veterinary Clinics

10.4.3. Online Pharmacies

10.5. North America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

10.5.1. U.S.

10.5.2. Canada

10.6. North America Homeopathic Veterinary Medicines Market Attractiveness Analysis

10.6.1. By Source of Origin

10.6.2. By Type of Animal

10.6.3. By Distribution Channel

10.6.4. By Country

11. Europe Homeopathic Veterinary Medicines Market Analysis and Forecast

11.1. Introduction

11.2. Europe Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origins, 2017–2031

11.2.1. Plant-derived

11.2.2. Animal-derived

11.2.3. Minerals

11.3. Europe Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Type of Animal, 2017–2031

11.3.1. Domestic Animals

11.3.2. Companion Animals

11.4. Europe Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2031

11.4.1. Retail Pharmacies

11.4.2. Veterinary Clinics

11.4.3. Online Pharmacies

11.5. Europe Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

11.5.1. Germany

11.5.2. U.K.

11.5.3. France

11.5.4. Spain

11.5.5. Italy

11.5.6. Russia

11.5.7. Rest of Europe

11.6. Europe Homeopathic Veterinary Medicines Market Attractiveness Analysis

11.6.1. By Source of Origin

11.6.2. By Type of Animal

11.6.3. By Distribution Channel

11.6.4. By Country/Sub-region

12. Asia Pacific Homeopathic Veterinary Medicines Market Analysis and Forecast

12.1. Introduction

12.2. Asia Pacific Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origin, 2017–2031

12.2.1. Plant-derived

12.2.2. Animal-derived

12.2.3. Minerals

12.3. Asia Pacific Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Type of Animal, 2017–2031

12.3.1. Domestic Animals

12.3.2. Companion Animals

12.4. Asia Pacific Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2031

12.4.1. Retail Pharmacies

12.4.2. Veterinary Clinics

12.4.3. Online Pharmacies

12.5. Asia Pacific Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

12.5.1. Japan

12.5.2. China

12.5.3. India

12.5.4. Australia & New Zealand

12.5.5. Rest of Asia Pacific

12.6. Asia Pacific Homeopathic Veterinary Medicines Market Attractiveness Analysis

12.6.1. By Source of Origin

12.6.2. By Type of Animal

12.6.3. By Distribution Channel

12.6.4. By Country/Sub-region

13. Latin America Homeopathic Veterinary Medicines Market Analysis and Forecast

13.1. Introduction

13.2. Latin America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origin, 2017–2031

13.2.1. Plant-derived

13.2.2. Animal-derived

13.2.3. Minerals

13.3. Latin America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Type of Animal, 2017–2031

13.3.1. Domestic Animals

13.3.2. Companion Animals

13.4. Latin America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2031

13.4.1. Retail Pharmacies

13.4.2. Veterinary Clinics

13.4.3. Online Pharmacies

13.5. Latin America Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

13.5.1. Brazil

13.5.2. Mexico

13.5.3. Rest of Latin America

13.6. Latin America Homeopathic Veterinary Medicines Market Attractiveness Analysis

13.6.1. By Source of Origin

13.6.2. By Type of Animal

13.6.3. By Distribution Channel

13.6.4. By Country/Sub-region

14. Middle East & Africa Homeopathic Veterinary Medicines Market Analysis and Forecast

14.1. Introduction

14.2. Middle East & Africa Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origin, 2017–2031

14.2.1. Plant-derived

14.2.2. Animal-derived

14.2.3. Minerals

14.3. Middle East & Africa Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Source of Origin, 2017–2031

14.3.1. Domestic Animals

14.3.2. Companion Animals

14.4. Middle East & Africa Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Distribution Channel, 2017–2031

14.4.1. Retail Pharmacies

14.4.2. Veterinary Clinics

14.4.3. Online Pharmacies

14.5. Middle East & Africa Homeopathic Veterinary Medicines Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031

14.5.1. GCC Countries

14.5.2. South Africa

14.5.3. Rest of Middle East & Africa

14.6. Middle East & Africa Homeopathic Veterinary Medicines Market Attractiveness Analysis

14.6.1. By Source of Origin

14.6.2. By Type of Animal

14.6.3. By Distribution Channel

14.6.4. By Country/Sub-region

15. Competition Landscape

15.1. Market Player – Competition Matrix (By Tier and Size of companies)

15.2. Global Homeopathic Veterinary Medicines Market Share Analysis, by Company (2018)

15.3. Company Profiles

15.3.1. Boiron Laboratories

15.3.1.1. Company Description

15.3.1.2. Business Overview

15.3.1.3. Financial Overview

15.3.1.4. Strategic Overview

15.3.1.5. SWOT Analysis

15.3.2. animalEO

15.3.2.1. Company Description

15.3.2.2. Business Overview

15.3.2.3. Strategic Overview

15.3.2.4. SWOT Analysis

15.3.3. Dorwest Herbs Ltd.

15.3.3.1. Company Description

15.3.3.2. Business Overview

15.3.3.3. Strategic Overview

15.3.3.4. SWOT Analysis

15.3.4. Freemans Homeopathy Pharmacy

15.3.4.1. Company Description

15.3.4.2. Business Overview

15.3.4.3. Strategic Overview

15.3.4.4. SWOT Analysis

15.3.5. Goel Vet Pharma

15.3.5.1. Company Description

15.3.5.2. Business Overview

15.3.5.3. Strategic Overview

15.3.5.4. SWOT Analysis

15.3.6. Guna SPA

15.3.6.1. Company Description

15.3.6.2. Business Overview

15.3.6.3. Strategic Overview

15.3.6.4. SWOT Analysis

15.3.7. Helios Homeopathy Ltd.

15.3.7.1. Company Description

15.3.7.2. Business Overview

15.3.7.3. Strategic Overview

15.3.7.4. SWOT Analysis

15.3.8. Hivet

15.3.8.1. Company Description

15.3.8.2. Business Overview

15.3.8.3. Strategic Overview

15.3.8.4. SWOT Analysis

15.3.9. Omida AG

15.3.9.1. Company Description

15.3.9.2. Business Overview

15.3.9.3. Strategic Overview

15.3.9.4. SWOT Analysis

15.3.10. CURE WELL HOMOEO PHARMACY

15.3.10.1. Company Description

15.3.10.2. Business Overview

15.3.10.3. Strategic Overview

15.3.10.4. SWOT Analysis

15.3.11. Dr. Reckeweg & Co. GmbH

15.3.11.1. Company Description

15.3.11.2. Business Overview

15.3.11.3. Strategic Overview

15.3.11.4. SWOT Analysis

15.3.12. Biologische Heilmittel Heel GmbH

15.3.12.1. Company Description

15.3.12.2. Business Overview

15.3.12.3. Strategic Overview

15.3.12.4. SWOT Analysis

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