Articles Companion animals

01 August 2022

Europe’s dog dewormer market to near $795M

by Katie Pfaff

The European market for dog dewormers is forecast to grow to a value of $793.2 million by the end of the year 2030, according to a report from market analytics company, ResearchAndMarkets. From the current year, the market is expected to grow by a CAGR of 9.56% across the period from 2022 to 2030.

Growth across the market is expected as the number of people owning dogs and the amount those pet owners will spend on their dogs has increased. The rise is backed in part by rising rates of disposable income among Europeans. Products related to pets have seen high growth and interest in higher priced items.

At the same time, the established infrastructure of veterinary medicine in Europe has allowed for growth in the market. Companies in the market had significant competition and are invested in advances like new products, partnering with other companies, and acquisitions.

By segment, the veterinary clinics portion of the market was expected to grow at the highest rate. In 2021, veterinary clinics held a 35.0% share of the distribution channel segment.

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Europe’s dog dewormer market to near $795M

by Katie Pfaff

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