Market Overview and Dynamics
The Europe animal health market is poised for significant growth, projected to surge from US$ 24,271.1 million in 2018 to US$ 37,605.1 million by 2027, registering a robust CAGR of 6.5% during the 2019–2027 forecast period. This growth is fueled by increasing government initiatives and proactive measures by animal welfare organizations, which are amplifying awareness and investment in animal healthcare services and products.
Furthermore, rising pet ownership, the growing demand for high-quality protein, and advancements in veterinary diagnostics and pharmaceuticals are accelerating market momentum. However, the prevalence of falsified animal health products poses a critical challenge, potentially undermining the credibility of legitimate providers and jeopardizing animal safety. Addressing this issue will be key to sustaining long-term market integrity and growth.
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Market Introduction
Ensuring animal health through disease prevention and food supply monitoring is crucial to any country’s economy and the safety of its food system. Maintaining healthy livestock not only secures a stable food supply but also helps keep prices consistent across the market. Animal disease outbreaks can cost nations millions due to halted livestock trade, mass culling, and extensive eradication efforts. For instance, in November 2017, Porcine Reproductive and Respiratory Syndrome Virus (PRRSV)—a disease that causes stillborn piglets—was responsible for an estimated $600 million in annual losses to U.S. farmers. Moreover, animal diseases that have implications for human health can severely impact public health, disrupt international trade, and destabilize the agricultural sector. By contrast, disease-free and well-managed animals contribute to safer food chains, increased farm productivity, reduced environmental footprint, and lower reliance on antibiotics.
Strategic Insights: Europe Animal Health Market
Strategic insights into the Europe Animal Health market provide a data-driven analysis of the industry landscape, highlighting current trends, emerging opportunities, leading players, and region-specific dynamics. These insights empower stakeholders—whether investors, manufacturers, or service providers—to identify untapped market segments, develop differentiated value propositions, and gain a competitive edge.
By leveraging advanced data analytics and market intelligence, these insights enable industry players to anticipate changes in consumer behavior, regulatory developments, and technological advancements. A forward-looking perspective is critical in this rapidly evolving sector, helping stakeholders to proactively adapt, seize growth opportunities, and mitigate risks.
Market leaders and key company profiles
Boehringer Ingelheim International GmbH
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.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights