The Europe farm animal drugs market is expected to reach US$ 7,709.4 million by 2028 from US$ 5,112.7 million in 2021. The market is estimated to grow at a CAGR of 6.0% from 2021–2028.
Healthy animals are also the cornerstone of healthy eating; therefore, vaccinations can help protect animal-made foods. The veterinary sector is working toward providing farmers with the vaccines for safeguarding animal health and welfare. These vaccines are licensed and manufactured under strict regulatory conditions to ensure their safety, effectiveness, and quality. Vaccines are a promising alternative to intensive antibiotics. In a recent cross-border expert ranking of alternatives to the use of antimicrobial agents in pig production, vaccines were ranked in terms of perceived feasibility and among the top five alternative approaches in terms of perceived efficacy. Thus, such advancements are accelerating growth of the Europe farm animal drugs market.
The COVID-19 pandemic has scantly affected the farm animal drugs market. For Instance: Zoetis Inc. kept major R&D programs and regulatory reviews on track and furthered research advancements in areas like monoclonal antibodies for osteoarthritis pain and vector vaccines for poultry even during the pandemic. The growing prevalence of the novel coronavirus led many countries including Europe to impose strict lockdowns. The medical and healthcare industry was exempted from the lockdown norms. This aspect proved to be a relief for the players in the farm animal drugs market to an extent.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the farm animal drugs market. The Europe farm animal drugs market is expected to grow at a good CAGR during the forecast period.
Europe Farm animal drugs Market Revenue and Forecast to 2028 (US$ Million)
Europe Farm Animal Drugs Market Segmentation
By Product Type
- Anti-Infective
- Parasiticides
- Anti-inflammatory
- Anesthetics
- Analgesics
- Hormones and Related Products
- Others
By Animal Type
- Livestock Animal
- Equine
By Route of Administration
- Oral
- Parenteral
- Topical
- Others
By Distribution Channel
- Veterinary Hospitals
- Veterinary Clinics
- Pharmacies and Drug Stores
- Others
By Country
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Companies Mentioned
- PHIBRO ANIMAL HEALTH CORPORATION
- Zoetis Inc.
- Ceva
- Elanco
- Virbac
- INTAS PHARMACEUTICALS LTD.
- Alembic Pharmaceuticals Limited
- Boehringer Ingelheim International GmbH
- MSD Animal Health
- Vetoquinol SA
Europe Farm Animal Drugs Market Strategic Insights
Europe Farm Animal DrugsMarket Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 5,112.7 Million |
| Market Size by 2028 | US$ 7,709.4 Million |
| CAGR (2021 - 2028) | 6.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
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|
Regions and Countries Covered
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| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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Europe Farm Animal Drugs Market Country and Regional Insights
