Europe Animal Health Market Trends, Size, Segment and Growth by Forecast to
2030
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
ď‚· Boehringer Ingelheim International
GmbH
 Ceva Santé Animale
ď‚· Bayer AG
ď‚· Vetoquinol SA
ď‚· 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.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
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