According to
MarketsandMarkets "Animal Disinfectants
Market by Application (Dairy Cleaning, Swine, Poultry, Equine,
Dairy & Ruminants, and Aquaculture), Form (Liquid and Powder), Type
(Iodine, Lactic Acid, Hydrogen Peroxide), and Region - Global Forecast to
2026", The global animal disinfectants market size is
estimated to be valued at USD 3.0 billion in 2021. It is projected to reach USD
4.3 billion by 2026, recording a CAGR of 7.2% during the forecast period. The
market has a promising growth potential due to several factors, including the
rising awareness regarding hygiene and sanitation amidst this COVID-19 pandemic
and increasing demand for meat and other animal products.
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COVID-19 Impact on the Animal
Disinfectant Market
The impact of COVID-19 lockdown was
tremendous in scale across the globe and profound especially in the key
consumption markets for animal disinfectants. The demand for disinfectant
products channelized for the livestock sector has remained high, with manufacturing
plants for both disinfectants and water treatment being utilized at almost full
capacity for companies such as Lanxess. However, the supply-chain disruptions
in the key emerging markets, especially Mexico and Central America, negatively
impacted the sales, albeit for a temporary period. The last mile connectivity
to small and medium-scale livestock farms suffered a setback due to weakness in
the distribution channels. Prominent players in the market such as Neogen
expect a surge in demand with markets opening up gradually, and thus,
capacity-building remains among the major focus areas. Key giants have also
embarked on inorganic growth strategies by acquiring regionally-prominent
disinfectant manufacturers and thereby strengthening their geographical
outreach. Livestock disinfectant companies are also intensifying their efforts
to develop a plethora of anti-bacterial, anti-fungal, and anti-viral solutions
in the wake of growing concerns for zoonotic diseases.
Restraint: High entry
barriers for players
The high costs associated with the development and
registration of animal disinfectant products can result in small to
medium-scale companies losing out to larger players. Another barrier for
smaller players entering the market is the dynamic nature of the market itself,
which has recently witnessed prominent players intensively seeking to
consolidate their position through inorganic growth attempts such as acquiring
smaller market players. New companies showing disruptive potential become the
key targets for acquisitions by larger players such as Neogen Corp. and CID
Lines.
Prominent players in the market are intensively seeking to
increase their market share with the combination of inorganic and organic
growth trajectories with former holding precedence in the form of growing
number of acquisitions witnessed in recent years. The regulatory framework in
the developed markets of North America and Western Europe is very stringent,
with growing focus on good hygiene practices (GHP) which are cost-intensive thereby
hindering the entry of small to medium-scale enterprises.
On the basis of
application, dairy cleaning segment is expected to retain its dominance in the
foreseeable period
Dairy cleaning is a terminal biosecurity measure, which is
carried out at regular intervals. Due to the cost factor for larger cattle
herds, the use of dairy cleaning has a greater significance in the developed
markets. Countries in regions such as Europe and North America maintain
large-scale farms and dairy farms required to maintain proper dairy cleaning
measures to ensure the efficacy of the livestock and the equipment.
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Asia Pacific is projected
to be the fastest-growing region in the animal disinfectant market.
The animal disinfectant market in Asia Pacific is driven
by growing inclination towards animal-based food products that have prompted
stakeholders in supply-chain to ramp up their production and intensify rearing
leading to greater demand for cleaning and hygiene products, including
disinfectants. The region has also witnessed growing regulatory focus on the
Good Hygiene Practices (GHP) that are embedded as part of various mandatory
regulations to be followed at dairy, poultry, swine, equine and aquaculture
sectors. Markets in South East Asia such as Singapore and Malaysia are
providing vital cues to improve hygiene infrastructure in animal husbandry and
this trend is largely adopted by other countries in the region such as
Thailand, Vietnam, Indonesia where there is a strong need to implement robust
disinfection protocols.
Key Market Players
Key global market players offer wide range of animal disinfectant products to improve animal health and performance. Prominent livestock disinfectant manufacturers have strong presence in the European and North America countries. The key companies in the animal disinfectant market are Neogen Corporation (US), GEA (Germany), Lanxess AG (Germany), Zoetis (US), Kersia Group (France), and CID Lines (Belgium). Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the animal disinfectant market.
