Rising consumption of meat and other animal products in South East Asian countries in conjunction with growing awareness regarding the benefits of maintaining hygiene in livestock sheds has instigated the application of livestock disinfectant products.
Livestock disinfectants are the chemicals that find extensive application for the prevention of occurrence and infection of diseases by killing numerous pathogens, viruses and bacteria. These disinfecting chemicals are also used as antiseptic across several animal farming including poultry, swine, aquaculture and ruminants. These factors are positively impacting the expansion of ASEAN livestock disinfectants market.
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With the outbreak of COVID-19 across the globe, especially in Asian countries, concerns about maintaining hygiene in livestock sheds has significantly increased which has impelled the demand for livestock disinfectants. However, the supply chain for livestock disinfectants has been severely affected by the pandemic which may hamper the business growth to some extent.
Based on Global Market Insights, Inc. report estimates, the ASEAN livestock disinfectant market size is projected to exceed USD 185 million by 2025, on account of the below mentioned trends:
Development of new products by industry players
Rising product demand is encouraging the industry players in ASEAN livestock disinfectant market, such as Lanxess AG, Virox Animal Health, Evans Vandoline, GEA Group AG, etc. to focus on the development of innovative offering in the business space. For instance, in 2020, Virox announced that its Prevail™ Farm Disinfectant-Cleaner Concentrate received approval from Health Canada. The product has been developed to be used against African Swine Fever virus. The company claims that this new solution will be very effective against the virus during the outbreak in North America.
Burgeoning demand for seafood products
Livestock disinfectants are being widely used in aquaculture owing to their ability to curb algae growth, odor-causing bacteria and infectious microorganisms in water. Mounting demand for seafood products coupled with rebuilding of the population of endangered species is providing ample growth opportunities for the industry from aquaculture segment. In 2020, the segment had recorded a valuation of over USD 8.30 million and is now expected to record more than USD 11 million revenue by 2025.
Increasing application of iodine-based disinfectants
Heightened demand for cleaning agents having lower toxicity is the major factor elevating the demand for iodine-based disinfectant in animal farming. For instance, disinfectants such as povidone iodine is highly effective in destroying a large variety of pathogens like viruses, bacteria and fungi that are harmful for poultry, and are very useful during, prior, as well as following surgical procedures. Iodine offers protection across large number of pH and germicidal action over the broad range of water quality conditions than chlorine. Considering the high product usability, ASEAN Livestock disinfectant market is projected to record appreciable valuation of over USD 50 million by 2025 from iodine segment
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Growing meat consumption in Malaysia
Malaysia has been witnessing a significant rise in the consumption of chickens, pigs as well as cattle production over the past the few years. In addition, consumption of beef has also increased in the country with increasing spending on meat products. This has fueled the adoption of livestock disinfectants in Malaysia to a great extent. Besides, formulation of government policies regarding the establishment of new animal farms is further stimulating the product demand driving the business expansion. Reportedly, livestock disinfectants market in Malaysia is estimated to observe a lucrative CAGR of over 5% through 2025.