Brazil Veterinary Services Market Size & Outlook
Brazil veterinary services market, 2018-2030 (US$M)
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Brazil veterinary services market highlights
- The Brazil veterinary services market generated a revenue of USD 3,689.1 million in 2023 and is expected to reach USD 6,152.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, production animals was the largest revenue generating animal type in 2023.
- Companion Animals is the most lucrative animal type segment registering the fastest growth during the forecast period.
Veterinary services market data book summary
| Market revenue in 2023 | USD 3,689.1 million |
| Market revenue in 2030 | USD 6,152.9 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Production animals |
| Fastest growing segment | Companion Animals |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Companion Animals, Production Animals |
| Key market players worldwide | CVS Group PLC, National Veterinary Associates, Pets at Home Group PLC, Greencross Vets, Fetch Pet Care, IVC Evidensia, PetSmart, Airpets International |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.9% of the global veterinary services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil veterinary services market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 2,010.3 million by 2030.
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Veterinary Services Market Scope
Veterinary Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil veterinary services 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 services market will help companies and investors design strategic landscapes.
Production animals was the largest segment with a revenue share of 58.41% in 2023. Horizon Databook has segmented the Brazil veterinary services market based on companion animals, production animals covering the revenue growth of each sub-segment from 2018 to 2030.
Rising mandates for vaccination to curb zoonotic disease outbreaks and increasing demand for livestock veterinary services are primary factors expected to drive the growth of the market in Brazil. The country’s anticipated market growth can be attributed to the large cattle and pet population.
For instance, according to the United States Department of Agriculture, the country was projected to grow its cattle herd by 4% in 2021 and 2022. The same source also suggests that the advancing pasture quality & veterinary care improvements in the country’s farm environments influenced high livestock production rates between 2021 and 2022. These factors are expected to increase veterinary services in the future.
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Target buyers of Brazil veterinary services market databook
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Our clientele includes a mix of veterinary services 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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil veterinary services market , including forecasts for subscribers. This country databook contains high-level insights into Brazil veterinary services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil veterinary services market size, by animal type, 2018-2030 (US$M)
Brazil Veterinary Services Market Outlook Share, 2023 & 2030 (US$M)
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