The Europe Livestock Parasiticides Market would witness market growth of 5.2% CAGR during the forecast period (2023-2029).
The expanding number of companion animals, the need for animal food products, the population expansion of livestock animals, and the rising costs associated with livestock care in developing nations all point to a market for livestock parasiticides that will experience rapid growth. Numerous authorities have set strict guidelines for the approval of livestock parasiticides to ensure that they are of sufficient quality and effectiveness and do not have any negative impact on the health of the animals. Medicine used for veterinary reasons is approved by major regulatory organizations, including the European Medical Agency.
With an annual production of over 13.4 million tons of meat products, the European Union ranks among the world's top producers of poultry meat. For the purpose of enhancing product quality, safeguarding consumers, and ensuring uniformity across the EU market, the EU sets marketing standards for chicken. In addition, there is a lot of livestock in the EU. Additionally, the region has a very high level of dairy product consumption.
The increased use of dairy products in the supplement results from consumers' growing concerns about their health and fitness, which are fueled by an increase in sports engagement. The biggest whey protein users in the EU are Germany and Poland, and more and more people are focused on amino acid products, high-protein powders, high-protein ready-to-drink beverages, and high-protein bars that contain dairy ingredients. Since the region's demand for and production of dairy products is growing along with its sizeable animal population, the livestock parasiticides market is estimated to witness growth in the near future.
The Germany market dominated the Europe Livestock Parasiticides Market by Country in 2022; thereby, achieving a market value of $264.1 Million by 2029. The UK market is poised to grow at a CAGR of 4.4% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 6% during (2023 - 2029).
Based on Type, the market is segmented into Ectoparasiticides, Endoparasiticides and Endectocides. Based on End User, the market is segmented into Veterinary Clinics & Hospitals and Animal Farms. Based on Livestock, the market is segmented into Cattle, Poultry, Sheep & Goats and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Livestock Parasiticides Market is Projected to reach USD 3.9 Billion by 2029, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Boehringer Ingelheim International GmbH, Elanco Animal Health, Inc., Virbac, Zoetis, Inc., PetIQ, Inc., Merck & Co., Inc., Vetoquinol SA, Norbrook Laboratories Limited, Bimeda, Inc., and Ceva Santé Animale.
By Type
By End User
By Livestock
By Country
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