Animal Disinfectants Market Was Valued at USD 2,965.7 Million in 2021 Owing to Increased Pharmaceutical and Biological Manufacturing Industries

According to Precision Business Insights (PBI), the latest report the global animal disinfectants market is valued at USD 2,965.7 million in 2021. The global animal disinfectants market is segmented into the following types: By Application (Dairy Cleaning, Swine, Poultry, Equine, Dairy & Ruminants, and Aquaculture), By Form (Liquid and Powder), By Type (Iodine, Lactic Acid, and Hydrogen Peroxide), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East Africa) Forecast to 2028. Key players' profiles in the animal disinfectants market report are Merck KGaA, Baxter, Boston Analytical, Neopharm Labs Inc, LexaMed, Danaher Corporation, Sartorius AG, Pace Analytical Services, Inc., Pacific Biolabs, Thermo Fisher Scientific Inc, Wuxi Apptec, Rapid Micro Biosystems, Inc. Strong demand for animal-based protein, as well as the growth and expansion of the cattle industry, will provide the market with even more attractive and lucrative growth potential. Lack of understanding among farmers in African nations such as Ghana and Kenya is a major factor that will pose a major challenge to the growth of the market.

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Iodine Segment Dominates the Animal Disinfectants Market:
On the basis of product type segment, the iodine segment is estimated to dominate the animal disinfectants market in 2022. In recent years, China is being observed as an emerging country in the animal disinfectants market due to the increasing awareness of sanitation and increasing livestock production. For effective cleaning and disinfection, manufacturers use chemicals such as lactic acid, glycolic acid, phenolic acid, hydrogen peroxide, peracetic acid, and iodine in various chemical disinfection. However, the use of iodine has dominated the use of all other compounds owing to its easy availability and wide applicability.

Asia-Pacific Leads Animal Disinfectants Market
Asia Pacific is projected to grow at the highest CAGR during the forecast period. The presence of a significant livestock population and their rate of increase drive the market for animal disinfectants in the region. The number of feed mills and feed output in the region has also increased, particularly in nations like India and Japan. The increased number of feed mills in the region has a beneficial impact on the disinfection market in the Asia Pacific.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global animal disinfectants market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In May 2021, Kemin Industries, a global ingredient manufacturer that strives to sustainably transform the quality of life every day for 80 percent of the world with its products and services, announced it has acquired Norman, Oklahoma-based Bio-Cide International, Inc. (Bio-Cide), a leading multi-specialty source of chlorine dioxide-based antimicrobial technology.

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Detailed Segmentation
Based on the Application, the market is segmented into the following:
• Dairy Cleaning
• Swine
• Poultry
• Equine
• Dairy & Ruminants
• Aquaculture

Based on the Form, the market is segmented into the following:
• Liquid
• Powder

Based on the Type, the market is segmented into the following:
• Iodine
• Lactic Acid
• Hydrogen Peroxide

Based on the geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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This release was published on openPR.