Egypt Veterinary Medicine Market Size & Outlook, 2023-2030
Egypt veterinary medicine market, 2018-2030 (US$M)
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Egypt veterinary medicine market highlights
- The Egypt veterinary medicine market generated a revenue of USD 211.2 million in 2023 and is expected to reach USD 401.1 million by 2030.
- The Egypt market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, pharmaceuticals was the largest revenue generating product in 2023.
- Biologics is the most lucrative product segment registering the fastest growth during the forecast period.
Veterinary medicine market data book summary
| Market revenue in 2023 | USD 211.2 million |
| Market revenue in 2030 | USD 401.1 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Biologics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biologics, Pharmaceuticals, Medicated Feed Additives |
| Key market players worldwide | Zoetis Inc Class A, Boehringer Ingelheim, Merck & Co Inc, Elanco Animal Health Inc, Dechra Pharmaceuticals, Ceva Santé Animale, Phibro Animal Health Corp Class A, Virbac SA, Bimeda Ireland, Biogenesis Bago |
Other key industry trends
- In terms of revenue, Egypt accounted for 0.5% of the global veterinary medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa veterinary medicine market is projected to lead the regional market in terms of revenue in 2030.
- Israel is the fastest growing regional market in Middle East & Africa and is projected to reach USD 85.7 million by 2030.
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Veterinary Medicine Market Scope
Veterinary Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Egypt veterinary medicine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary medicine market will help companies and investors design strategic landscapes.
Pharmaceuticals was the largest segment with a revenue share of 67.8% in 2023. Horizon Databook has segmented the Egypt veterinary medicine market based on biologics, pharmaceuticals, medicated feed additives covering the revenue growth of each sub-segment from 2018 to 2030.
The veterinary medicines market in Egypt is growing at a significant pace, and there is a notable increase in the import of Ukrainian drugs in Egypt. The growing poultry industry in the country impelled the veterinary medicine market.
The large number of sheep & goats imported to Egypt in recent years reflects increased growth and demand for veterinary medicines. According to data published by the Ministry of Agriculture and Land Reclamation, Egypt ranks sixth in fish production globally, which reached 2 million tons in 2023.
The increasing interest of farm owners to focus on veterinary health drives the demand for animal nutrition and health products in the country. However, the Russia-Ukraine war created hindrances for the poultry industry.
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Target buyers of Egypt veterinary medicine market databook
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Our clientele includes a mix of veterinary medicine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Egypt veterinary medicine market , including forecasts for subscribers. This country databook contains high-level insights into Egypt veterinary medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Egypt veterinary medicine market size, by product, 2018-2030 (US$M)
Egypt Veterinary Medicine Market Outlook Share, 2023 & 2030 (US$M)
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