ID: MRFR/AGR/8924-HCR | 90 Pages | Published By Snehal Singh on March 2023
Global animal disinfectants market size is expected to cross USD 5 billion by 2027 at a CAGR of 7% during the forecast period of 2020 to 2027.
$5 Billion
7%
Europe
2020-2027
Market Scenario
Global Animal Disinfectants Market size is expected to cross USD 5 Billion by 2027 at a CAGR of 7% during the forecast period of 2020 to 2027. The market is characterized by the presence of many global, regional, and local players. It is a highly competitive market, with all the players competing to gain maximum market share. Rapid advancements in processes, increasing focus on animal hygiene, and stringent regulations on the use of chemicals are the key factors that influence the global market growth. The vendors compete based on cost, brand identity, and product quality, availability, and reliability. Vendors must provide cost-effective and high-quality products that adhere to the requirements of animal health and the GMP & HACCP standards to compete in the market.
Market Synopsis
Animal disinfectants are animal care chemicals used to eradicate and disinfect animals from various disease-causing agents. The global animal disinfectants market is expected to register a notable growth rate during the forecast period owing to the rising incidences of livestock diseases. Additionally, increasing demand for livestock is also fueling the growth of the animal disinfectants market across the globe. Rising awareness amongst farmers regarding animal hygiene is also significantly boosting the sales of animal disinfectants.
The global animal disinfectants market witnesses many hurdles in its growth as farmers in African countries such as Ghana and Kenya lack awareness regarding such products. Additionally, the high cost and long production process of animal disinfectant products are also negatively impacting the growth of the market.
Market USP
Rising incidences of livestock diseases
Market Drivers
Market Restraints
Segmentation
By Type
By Form
By Application
By Region
Key Players
Report Attribute/Metric | Details |
---|---|
Market Size | USD 5 Billion |
CAGR | 7% |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, Form, Application, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Evonik Industries (Germany), Zoetis Inc. (US), Virox Animal Health (US), CID Lines (Belgium), Theseo Group (France), GEA Group (Germany), Neogen Corporation (US), Evans Vanodine (UK), Kersia Group (France), and LANXESS AG (Germany) |
Key Market Opportunities | Rapid advancements in processes, Increasing focus on animal hygiene, Stringent regulations on the use of chemicals |
Key Market Drivers | Increasing industrial livestock production, Increasing government initiatives to curb potential disease outbreaks, Growth of aquaculture sector |
Evonik Industries (Germany), Zoetis Inc. (US), Virox Animal Health (US), CID Lines (Belgium), Theseo Group (France), GEA Group (Germany), Neogen Corporation (US), Evans Vanodine (UK), Kersia Group (France), and LANXESS AG (Germany) are some of the top players in the global animal disinfectants industry.
The global animal disinfectants market is growing at a CAGR of 7% during the forecast period of 2020-2027.
Animal disinfectants industry is predicted to touch USD 5 billion by 2027.
High production cost and time may limit the animal disinfectants market growth.