Europe Animal Antimicrobial And Antibiotics Market Size & Outlook
Europe animal antimicrobial and antibiotics market, 2018-2030 (US$M)
Related Markets
Europe animal antimicrobial and antibiotics market highlights
- The Europe animal antimicrobial and antibiotics market generated a revenue of USD 230.8 million in 2022.
- The market is expected to grow at a CAGR of 3.4% from 2023 to 2030.
- In terms of segment, antibiotics was the largest revenue generating type in 2022.
- Antimicrobial is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 230.8 million |
| Market revenue in 2030 | USD 300.7 million |
| Growth rate | 3.4% (CAGR from 2022 to 2030) |
| Largest segment | Antibiotics |
| Fastest growing segment | Antimicrobial |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Antimicrobial, Antibiotics |
| Key market players worldwide | Boehringer Ingelheim, CEVA Inc, Elanco Animal Health Inc, Neogen Corp, Phibro Animal Health Corp Class A, Vetoquinol SA, Virbac SA, Zoetis Inc Class A |
Other key industry trends
- In terms of revenue, Europe region accounted for 34.0% of the global animal antimicrobial and antibiotics market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 270.2 million by 2030.
Antibiotics was the largest segment with a revenue share of 56.93% in 2022. Horizon Databook has segmented the Europe animal antimicrobial and antibiotics market based on antimicrobial, antibiotics covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is home to some of the world's most advanced animal husbandry practices, which include advanced breeding techniques, sophisticated housing systems, and advanced feeding practices. These practices lead to healthier animals that are less susceptible to disease, reducing the need for antibiotics and other antimicrobials.
The European Union has implemented several measures aimed at reducing the use of antibiotics in livestock, including a limitation on the use of antibiotics as growth promoters and the introduction of national action plans to reduce the use of antibiotics in animals. As a result of these measures, the market for animal antibiotics in Europe has declined in recent years.
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Animal Antimicrobial And Antibiotics Market Scope
Animal Antimicrobial And Antibiotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe animal antimicrobial and antibiotics market size, by country, 2018-2030 (US$M)
Europe Animal Antimicrobial And Antibiotics Market Outlook Share, 2022 & 2030 (US$M)
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