Saudi Arabia Veterinary Medicine Market Research Report 2027

Posted by arshiyashaikh on July 16th, 2022

Saudi Arabia veterinary medicine market is expected to grow at a CAGR of 5.00% in the forecast period, to reach USD201.80 million by 2027. Factors such as the increased prevalence of animal diseases and massive demand for livestock-based products are the primary drivers for Saudi Arabia veterinary medicine market. Furthermore, the high disposable income of the consumers and the growing number of pet owners in the country are the other prominent drivers that are expected to influence the demand for Saudi Arabia veterinary medicine market in the forecast period.

Saudi Arabia veterinary medicine market is segmented into animal type, production, companion, product type, end user, source, regional distribution, and competitive landscape. The market is divided into production animals and companion animals based on animal type. Production animals dominated the market in 2021 with 73.73% of the overall market share. The segment is expected to maintain its dominance over the forecast period. Production animals are further divided into poultry, sheep & goats, cattle, and others. The rise in demand for proteins and animal-based products and increased spending on animal health are driving the demand for production animals in the country.

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