Animal health leading companies by revenue 2018

Today, U.S. pharmaceutical manufacturer Zoetis is the world’s largest company in the animal health sector, with revenue of close to six billion U.S. dollars, as of 2018. Zoetis was a part of Pfizer – under the name Pfizer Animal Health - until 2013 when it became an independent company. Two of the company’s largest product categories are vaccines and anti-infectives. Zoetis’ main competitors in the animal health market are German Boehringer Ingelheim, and U.S. -based Merck & Co. and Elanco (Eli Lilly).

The global animal health market

Around 32 billion U.S. dollars was spent on animal health products worldwide in 2017, around double the size the market was valued a decade earlier. Almost 60 percent of the market is generated through classic pharmaceuticals, while the rest is made up of biologicals and medicinal feed additives. On the other hand, nearly two thirds of global revenues are generated in the submarket for food animals and the rest for companion animals.

M&A activities within the industry

  The animal health market saw some major transactions in the last few years. One of the largest M&A deals was the takeover of the French company Sanofi’s animal health division (Merial) by Boehringer Ingelheim from Germany within a swap deal. Another remarkable transaction was the acquisition of Swiss-based Novartis’ animal health segment by the U.S. company Elanco (Eli Lilly) in 2014.

Leading animal health companies in 2018, based on revenue

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Release date

July 2019



Survey time period


Supplementary notes

* Calculated from euros based on exchange rate as of December 31, 2018.

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Statistics on "Zoetis"

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