Asia Pacific Animal Disinfectants Market

Asia Pacific Animal Disinfectants Market Size (2024 to 2032)

The Asia Pacific animal disinfectants market size was valued at USD 0.77 billion in 2023 and is anticipated to reach USD 1.05 billion in 2024 from USD 1.75 billion by 2032, at a CAGR of 7.67% from 2024 to 2032. In general, animal disinfectants are a type of chemical used to eradicate various infectious diseases such as avian influenza.

The Asia Pacific region has the major share of the animal disinfectants market owing to the presence of a large livestock population base and the low level of alternative solutions available in the area. This region is expected to hold the dominance of the market owing to rising incomes, a surge in purchasing power, and the imposition of mandates for the use of animal disinfectants by governments in local provinces. The presence of a large base of livestock population propels the growth of the market of Animal Disinfectants in the Asia Pacific region.

Market Drivers

Some of the driving factors that helps the growth of the Asia Pacific Animal Disinfectants market are the increase in demand for high quality meat products and increasing application of disinfectants in the Asia Pacific region.

Another major driving factor is the increasing purchasing power in some of the emerging economies such as China, Japan and India, which is likely to drives the expansion of the animal disinfectants market in the Asia Pacific region in future.

Market Restraints

One of the major growth-affecting factors in the Asia Pacific Animal Disinfectants Market is the lack of awareness regarding the utilization of disinfectants, which is coupled with strict government regulations.

COVID-19 Impact on Asia Pacific Animal Disinfectants Market

Coronavirus has impacted global industries in three ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and industries.

The ongoing situation has become a major threat to the Asia Pacific Animal Disinfectants market. The companies are ready to restart their manufacturing units since the lockdown has lifted in so many countries with some strict government regulations, which is likely to recover some losses in the business lately.

As per the analysis, the market of Animal Disinfectants is expected to have an impeccable growth rate in the Asia Pacific region in the next few years owing to the increasing investments by the companies for the adoption of novel technological advancements in the field to support rapid expansion.

SEGMENTATION ANALYSIS

By Type

• Hydrogen Peroxide
• Phenolic Acid
• Iodine
• Lactic Acid
• Others

Among these, the Iodine segment holds the major share of the market because of the accelerating use of iodine in end-user applications.

By Form

• Powder
• Liquid

Among these, the liquid segment accounts for the considerable share of the market compared to its counterpart.

By Application

• poultry
• dairy cleaning
• swine
• equine
• dairy and ruminants
• aquaculture

Among these, the dairy cleaning segment registered the protruding portion of the market because of the increasing applications of animal disinfectants in this segment.

REGIONAL ANALYSIS

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Asia Pacific region holds the major share of the market value of Animal Disinfectants because of the rising incomes, expanding purchasing power and government rules and regulations on the usage of animal disinfectants. Furthermore, low level of alternative solutions available in the region also promotes the growth of the market in this area.

KEY MARKET PLAYERS

Some of the key players of the Asia Pacific Animal Disinfectants Market are Stepan Company, Nufarm Limited, Shandong Daming Disinfection Technology Co ltd, Neogen Bio-Scientific Technology Co Ltd, and others.