A recent study conducted by Future Market Insights has unveiled a promising future for the global veterinary disinfectant for pets and farms market, specifically for pets and farms. The report indicates that this market is set to experience a remarkable Compound Annual Growth Rate (CAGR) of 7.7%, with its value projected to soar to USD 7.3 billion by 2033, up from USD 3.5 billion in 2023.
Key to this significant growth is the widespread adoption and dominance of iodine-based disinfectants. By 2023, iodine-based products are expected to capture an impressive 52.4% share of the global veterinary disinfectant market. Renowned for their effectiveness and reliability, these disinfectants play a pivotal role in maintaining safe and hygienic environments for both pets and farm animals, driving the market’s upward trajectory.
“This study underscores the escalating demand for veterinary disinfectants globally, particularly those leveraging iodine-based formulations,” stated a Future Market Insights. “These disinfectants are crucial in ensuring optimal hygiene standards across veterinary facilities and agricultural settings, thereby driving their increasing adoption.”
Furthermore, the report highlights a growing emphasis on animal welfare and hygiene practices, coupled with stringent regulatory mandates regarding animal health, as key factors contributing to market expansion. As the focus on maintaining high hygiene standards intensifies, the veterinary disinfectant market is poised for continued growth.
Key Takeaways:
Animal disinfection products are actively being released by dominant market participants. This factor is anticipated to fuel the market expansion over the projection period. In order to prevent the widespread of diseases to both people and animals, key market players are using disinfecting veterinary equipment, the hands of the medical staff at veterinary clinics, and other surfaces.
The global expansion of the veterinary industry is attributed to the increase in pet ownership, accelerated 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 crucial advances within the treatment center market comprise the usage of big data in veterinary care to efficiently identify and analyze potential illnesses along with 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.
Across various veterinary testing facilities, few tests are carried out efficiently in chemistry, pathology, endocrinology, serology, hematology, and microbiology. Two of the newest diagnostic techniques used in veterinary laboratories are DNA testing and protein tests.
The number of livestock is on a rise globally. The population of livestock and poultry witnessed a significant rise over the years preceding 2021. This trend is common specifically in developing countries like China, India, and Brazil.
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Competitive Landscape:
Attributing to significant advancements in biotech, artificial intelligence, genomics, 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 start-ups.
Over recent years, there have been numerous mergers and acquisitions in the industry due to which the market is expected to be competitive. The powerful CEOs of prominent companies 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.
More Insights into the Veterinary Disinfectant for Pets and Farms Market:
The North American region is anticipated to dominate the global veterinary disinfectant for pets and farms market. The United States is set to account for about 23.5% of the total market share by 2023 and is expected to continue to experience the same growth throughout the forecast period.
Key Market Players:
- Neogen Corporation,
- GEA,
- Lanxess AG,
- Zoetis,
- Kersia Group,
- CID Lines,
- Albert Kerbl GmbH,
- PCC Group,
- Laboratoires Ceetel- CMPC,
- G Sheperd Animal Health,
- Sanosil AG
Key Market Segments Covered in Veterinary Disinfectant for Pets and Farms Industry Research:
Product:
- Iodine
- Lactic Acid
- Hydrogen Peroxide
- Phenolic Acid
- Peracetic Acid
- Quaternary Compounds
- Chlorine
- Chlorine Dioxide
- Chlorohexidine
- Glut-Quat Mixes
- Glycolic Acid
- Others
Application:
- Dairy Cleaning
- Swine
- Poultry
- Equine
- Dairy Ruminant
- Aquaculture
Form:
- Liquid
- Powder
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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