The veterinary healthcare market in France was valued at USD 842.56 million in 2016 and is projected to reach USD 999.25 million by 2021, at a CAGR of 3.47% during the forecast period from 2016 to 2021. The market for parasiticides in this country is currently valued at USD 82.2 million.
The importance of livestock animals is increasing the growth rate of the animal healthcare market, owing to the fact that more people are consuming meat and dairy products. The ever-increasing population and stable economies are expected to result in the increased demand for protein-rich foods, especially in developing regions. Animal health companies are well-positioned to address this growing demand for higher-protein diets.
France Veterinary Healthcare Market-Market Dynamics
The France veterinary healthcare market is gaining importance as a result of manufacturers focusing on the production of products with specialized formulations and manufacturing processes.
Some of the key factors driving the growth of the veterinary healthcare market in France are:
The new types of diseases in animals and their subsequent transfer to humans via animal food product consumption and companionship are escalating growth of the global veterinary healthcare industry. The strategic decisions in research and development of manufacturers are expected to positively impact the France veterinary healthcare market. However, the increased competition for cultivated land and scarcity of arable land are the major restraints for the growth of this market.
France’s veterinary healthcare market has been segmented on the basis of products into vaccines, anti-infectives, parasiticides, medicinal feed additives, and other pharmaceuticals. On the basis of animals, the market has been segmented into farm animal health market and companion animal health market. The farm animal health market segment has been further segmented into poultry health market, swine health market, fish health market, cattle health market, and sheep health market. The companion animal health market has been further segmented into dogs & cats market and horse health market.
Some of the key players in the market are:
Key Deliverables in the Study