The European animal health market is projected to reach US$ 37,605.1 million by 2027, a significant increase from its 2018 value of US$ 24,271.1 million. This represents a compound annual growth rate (CAGR) of 6.5% over the period of 2019 to 2027. The expansion of the market is being fueled by supportive factors such as initiatives from governments and animal welfare organizations. Conversely, the presence of counterfeit animal health products is expected to hinder market growth.
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Controlling animal health through the prevention of disease epidemics and the monitoring of animal food supplies is crucial for any economy and the safety of a nation’s food supply. Breeding healthy livestock ensures a secure food supply and stabilizes market prices. Animal disease epidemics can cost countries millions of dollars due to livestock trade disruptions, animal culling, and subsequent disease eradication programs. For instance, Porcine Reproductive and Respiratory Syndrome Virus (PRRSV), which causes stillborn piglets, costs U.S. farmers an estimated $600 million annually (November 2017). Animal diseases with zoonotic potential can significantly impact public health, international trade, and the stability of the agricultural sector. Maintaining disease-free and healthy animal populations is likely to lead to safer food supplies, increased farm productivity, reduced environmental impact, and decreased reliance on antibiotics.
Europe Animal Health Strategic Insights
Strategic insights for the Europe Animal Health provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Europe Animal Health Report Scope
| Attribute | Details |
| Market Size (2018) | US$ 24,271.1 Million |
| Market Size (2027) | US$ 37,605.1 Million |
| Global CAGR (2019–2027) | 6.5% |
| Historical Data | 2016–2017 |
| Forecast Period | 2019–2027 |
| Segments Covered | By Product: Prescription, Non-Prescription By Animal Type: Production Animal, Companion Animal |
| Regions Covered | Europe: UK, Germany, France, Russia, Italy, Rest of Europe |
| Key Companies | Boehringer Ingelheim, Ceva Santé Animale, Bayer AG, Vetoquinol SA, Nutreco N.V. |
Europe Animal Health Regional Insights
The geographic scope of the Europe Animal Health refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Key Market Segments
By product, the prescription segment accounted for the largest market share in the Europe animal health market in 2018. In terms of animal type, the production animal segment held the largest market share of the animal health market by 2027.
Major Sources and Companies Listed
Some of the major primary and secondary sources for animal health market included in the report are, Centers For Disease Control And Prevention (CDC), European Pet Food Industry Federation (FEDIAF), Veterinary Public Health Program (VPH), and among others. and others.
Reasons to buy the report
- To understand the animal health market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for animal health market
- Efficiently plan M&A and partnership deals in animal health market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form animal health market
- Obtain market revenue forecast for market by various segments from 2018-2027 in Europe region.
EUROPE ANIMAL HEALTH MARKET SEGMENTATION
| Category | Subcategories |
| By Product | Prescription, Non-prescription, Parasiticides, Feed Additives, Pharmaceutical, Vaccines, Diagnostics, Nutrition/Supplements, Grooming Products |
| By Animal Type | Production Animal, Companion Animal |
| By Geography | Europe: UK, Germany, France, Italy, Spain |
| Company Profiles | Boehringer Ingelheim, Ceva Santé Animale, Bayer AG, Vetoquinol SA, Nutreco N.V. |
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Akshay
Senior Market Research Expert at Business Market Insights
