The global Veterinary Disinfectant for Pets and Farms market is expected to enjoy a valuation of USD 3.5 Billion by the end of the year 2023, and further expand at a CAGR of 7.7% to reach a valuation of USD 7.3 Billion by the year 2033. According to the recent study by Future Market Insights, iodine based disinfectants are leading the market with an expected share of about 52.4% in the year 2023, within the global market.
Market Outlook:
Data Points | Market Insights |
---|---|
Market Value 2022 | USD 3.2 Billion |
Market Value 2023 | USD 3.5 Billion |
Market Value 2033 | USD 7.3 Billion |
CAGR 2023 to 2033 | 7.7% |
Market Share of Top 5 Countries | 50.8% |
Key Market Players List | Neogen Corporation; GEA; Lanxess AG; Zoetis; Kersia Group; CID Lines; Albert Kerbl GmbH; PCC Group; Laboratoires Ceetel- CMPC; G Sheperd Animal Health; and Sanosil AG |
In order to meet the rising demand from the meat product industry and customers, manufacturers are continuously implementing innovative processing techniques to provide low-risk disinfectants with great disinfection quality.
The market is primarily driven by an increase in the prevalence of zoonotic and food-borne diseases around the world as well as a notable rise in consumer demand for protein-rich diets.
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The market value for veterinary disinfectant for pets and farms was approximately 10.3% of the overall USD 31.45 Billion of the global veterinary healthcare market in 2022.
The sale of veterinary disinfectant for pets and farms expanded at a CAGR of 6.98% from 2017 to 2022.
The COVID-19 pandemic is anticipated to have a significant impact on the global market for veterinary disinfectants for pets and farms during the projected period. Participants in the industry are developing unique methods of cleaning and disinfecting animals as well as animal facilities and houses during the COVID-19 pandemic.
This is expected to lead to a faster growth in the market for veterinary disinfectants for pets and farms in the coming years. For instance, Wiggles unveiled India's first instant pet sanitizer free of alcohol in 2020.
The sanitizer is applied to the pet's paws and coat after a walk or other outdoor activity. The sanitizer normally does not irritate or cause rashes on the skin of dogs.
Various governments are now focusing on raising awareness about veterinary products, which is projected to drive the animal disinfectant market's growth throughout the forecast period.
The World Veterinary Association, for example, published the first-ever worldwide list of necessary veterinary drugs for cattle on January 25, 2021. The list includes efficient and cost-effective basic medications and immunizations that should be accessible in every country and from every veterinarian.
This would allow livestock animals like cattle, pigs, and poultry, as well as working animals like horses and donkeys, to receive more consistent treatment, reducing the risk of future pandemics caused by zoonotic illnesses like COVID-19.
Thus, owing to the aforementioned factors, the global veterinary disinfectant for pets and farms market is expected to grow at a CAGR of 7.7% during the forecast period between 2023 and 2033.
Market Statistics | Details |
---|---|
Jan–Jun (H1), 2021 (A) | 5.7% |
Jul–Dec (H2), 2021 (A) | 8.3% |
Jan–Jun (H1),2022 Projected (P) | 5.4% |
Jan–Jun (H1),2022 Outlook (O) | 6.0% |
Jul–Dec (H2), 2022 Outlook (O) | 7.7% |
Jul–Dec (H2), 2022 Projected (P) | 7.0% |
Jan–Jun (H1), 2023 Projected (P) | 5.7% |
BPS Change : H1,2022 (O) - H1,2022 (P) | 53↑ |
BPS Change : H1,2022 (O) - H1,2021 (A) | 30↑ |
BPS Change: H2, 2022 (O) - H2, 2022 (P) | 68↑ |
BPS Change: H2, 2022 (O) - H2, 2021 (A) | (-) 57↓ |
Animal disinfection products are being released by market participants, which is anticipated to fuel market expansion over the forecast period. For instance, NEOGEN Corporation debuted their brand-new COMPANION Foaming Antibacterial Soap in 2020. To prevent the spread of diseases to both people and animals, it is used to disinfect veterinary equipment, the hands of medical staff at veterinary clinics, and other surfaces.
The veterinary industry is expanding due to an increase in pet ownership, increased adoption of pet insurance, pet humanization among the expanding urban populations around the world, and increased social media awareness of the need for animal welfare.
Two significant advances in the treatment centre market are the use of big data in veterinary care to identify and analyse potential illnesses as well as wearables to monitor pet health. Wearables give data to owners, farmers, and veterinarians about body temperature, heart rate, respiration rate, pH levels, and other vital signs.
In veterinary testing facilities, chemistry, pathology, endocrinology, serology, hematology, and microbiology are a few of the tests carried out. Two of the newest diagnostic techniques used in veterinary laboratories are DNA testing and protein tests.
The number of livestock is rising globally: The population of livestock and poultry has risen in the years preceding 2021. This trend is especially obvious in developing countries like China, India, and Brazil.
Animal disinfection product development and registration are expensive activities. This could result in larger market players acquiring or merging with small enterprises.
Many nations are attempting to update strict regulations, like good manufacturing procedures, for the creation of products for animal disinfection.
Due to the lack of treatments for zoonotic infections and the lack of understanding about animal diseases, the market's growth is projected to be constrained throughout the course of the forecast period.
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Country | USA |
---|---|
2023 | 23.5% |
2033 | 22.7% |
BPS | -75 |
Country | Canada |
---|---|
2023 | 7.3% |
2033 | 7.2% |
BPS | -11 |
Country | China |
---|---|
2023 | 6.9% |
2033 | 7.3% |
BPS | 35 |
Country | Brazil |
---|---|
2023 | 6.3% |
2033 | 6.6% |
BPS | 30 |
Country | Germany |
---|---|
2023 | 5.8% |
2033 | 5.6% |
BPS | -15 |
The USA is set to hold a total market share of about 23.5% in 2023, and is expected to continue to experience the same growth throughout the forecast period.
The market for veterinary disinfectants for pets and farms in the United States is projected to continue to prevail during the forecast period owing to the increasing number of products being released by industry players.
For instance, Absorbine Pet Care unveiled a pet-friendly, alcohol-free antiseptic coat spray in 2020. The spray is safe to apply repeatedly to prevent infections and can be sprayed to the animal's skin, coat, and paws.
The veterinary disinfectant for pets and farms market is likely to grow in this country as a result of technological advancements, an increase in pet ownership, and an increase in the frequency of zoonotic diseases.
Germany is set to hold a market share of nearly 5.8% in the global veterinary disinfectant for pets and farms market in 2023.
The market within Germany is expanding as a result of the rising demand from the meat industry, as well as the increasing application of disinfectants within the country. Moreover, implementation of novel technological advancements in the field and regulatory oversight for disinfectant manufacturing will further promote market expansion within Germany, over the forecast period.
China is set to expand growth at a CAGR of 8.4% over the forecast duration.
The leading businesses in the animal health sector's ongoing investments in research and development, as well as their efforts to market branded and generic medications at competitive prices, are credited with this market's explosive growth in China.
Increased knowledge of pet nutrition and supplies, as well as more disposable income, amount to the exponential growth within the country.
Iodine based disinfectants are set to hold a share of around 52.4% in the global market, in 2023.
Iodine-based disinfectants are projected to experience significant growth due to their sporicidal effects and capacity to stop bacterial, fungal, and viral development in animal farms.
Common disinfectants known as iodophors are composed of iodine, a number of various carrier chemicals, as well as stabilizing compounds like Globaline.
The dairy cleaning segment is set to hold a share more than one third of the global market share in 2023.
Periodically undertaking dairy cleaning is a prerequisite for biosecurity. Dairy cleaning is used more frequently in the developed market since cattle herds are quite expensive. Large-scale farms and dairy farms in places like Europe and North America must keep up appropriate dairy cleaning practices to ensure the longevity of the animals and machinery.
The liquid segment is set to hold a share of around 63.6% in the global market, in 2023.
The liquid form of animal disinfection is commonly employed in a number of applications owing to several properties like its soluble nature and simplicity of availability.
Liquid animal disinfectants are highly efficient against a number of infectious diseases. Liquid animal disinfectants have a promising future development trajectory because of their simplicity of use and capacity to be combined to produce a homogeneous solution.
With significant advancements in biotech, genomics, artificial intelligence, cloud computing, and big data technology, the veterinary healthcare market in the United Kingdom has been rapidly changing in recent years. This has led to competition between major animal health companies and partnerships with cutting-edge startups.
There have been numerous mergers and acquisitions in the industry in recent years. The market in consideration is therefore exceedingly competitive.
These powerful CEOs prioritize commercialization, new product launches, and strategic alliances for company growth. Furthermore, in order to develop unique products and increase revenue, many businesses invest heavily in research.
Similarly, recent developments have been tracked by the team at Future Market Insights related to companies in the veterinary disinfectant for pets and farms space, which are available in the full report.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | USD Million for Value |
Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, United Kingdom, Germany, Italy, Russia, Spain, France, BENELUX, India, Thailand, Indonesia, Malaysia, Japan, China, South Korea, Australia, New Zealand, Turkey, GCC Countries, North Africa, and South Africa |
Key Market Segments Covered | Product, Application, Form, and Region |
Pricing | Available upon Request |
The global market is currently valued at around USD 3.2 Billion in 2022.
Sales of the market are set to witness growth at a CAGR of 7.7% and be valued at around USD 7.3 Billion by 2033.
Demand for the global market increased at a 7.0% CAGR from 2017 to 2022.
The USA, Canada, China, Brazil, and Germany account for most demand within the market, currently holding around 50.8% market share in 2022.
The USA is set to account for around 23.5% share of the global market in 2023.
Europe is set to account for around for 28.6% share of the global market in 2023.
The Japan market is set to hold a share of about 4.8% in the global market in 2023.
The Germany market is set to hold around 5.8% share in the global market in 2023.
India is set to expand at a 7.8% CAGR over the forecast period, within the global market.
The UK market is set to expand at a 6.5% CAGR over the forecast period, within the global market.
1. Market - Executive Summary 2. Market Overview 3. Key Market Trends 4. Value Added Insights 5. Market Background 6. Global Market Demand (in Value USD Million) Analysis 2017 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product 7.1. Iodine 7.2. Lactic Acid 7.3. Hydrogen Peroxide 7.4. Phenolic Acid 7.5. Peracetic Acid 7.6. Quaternary Compounds 7.7. Chlorine 7.8. Chlorine Dioxide 7.9. Chlorohexidine 7.10. Glut-Quat Mixes 7.11. Glycolic Acid 7.12. Others 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 8.1. Dairy Cleaning 8.2. Swine 8.3. Poultry 8.4. Equine 8.5. Dairy Ruminant 8.6. Aquaculture 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Form 9.1. Liquid 9.2. Powder 10. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East & Africa (MEA) 11. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033 12. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033 13. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033 14. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033 15. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033 16. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033 17. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033 18. Market Structure Analysis 19. Competition Analysis 19.1. Neogen Corporation 19.2. GEA 19.3. Lanxess AG 19.4. Zoetis 19.5. Kersia Group 19.6. CID Lines 19.7. Albert Kerbl GmbH 19.8. PCC Group 19.9. Laboratoires Ceetel-CMPC 19.10. G Sheperd Animal Health 19.11. Sanosil AG 20. Assumptions and Acronyms Used 21. Research Methodology
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