Animal Fungal Treatment Market Trends

  • Report ID: 3130
  • Published Date: Apr 02, 2024
  • Report Format: PDF, PPT

Animal Fungal Treatment Market Trends

Growth Drivers

  • Rising Government Initiatives - By recognizing the interdependence of human, animal, and environmental health, the government is promoting a comprehensive approach to health. One of the benefits of a government program for animal health is to increase awareness and management of zoonoses, which can be transmitted from animals to humans. Furthermore, it is necessary to improve cooperation between doctors, veterinarians, environmental scientists, and Public Health Experts to promote the health and welfare of all animal species. By fostering connections between different communities and industries that drive the animal fungal treatment market, the government programme aims to generate new and improved concepts that address the underlying issues and produce long-term, sustainable solutions for animal health and well-being.
  • Expansion of Pet Ownerships - Whenever the summer approaches, veterinarians warn pet owners to be alert for a possible fungus infection that may affect their animals as temperatures increase. In addition, health officials are informing pet owners of the potential for their animals to be infected with an uncommon fungal disease. Blastomycosis, a fungus, can be contracted by animals living in soil that resembles a humus. Therefore, the rivers, lakes, streams and marshes are common places where they might be exposed to it. From 1988 to 2023, approximately 66 % of US households reported that they owned at least one pet, an increase of about 18 % from the previous survey period.

Challenges

  • Lack of Adequate Animal Care Infrastructure - Livestock provides a wide range of important benefits to healthy diets and survival resources. This is particularly true in developing countries, where there are limited options for nutrition-dense foods. The development of fungal treatment methods for the welfare of farm animals needs to be coordinated with the production of animal products in order to ensure that food systems are sustainable.
  • Limited Availability of Fungal Treatment in Developing Countries is set to hinder animal fungal treatment market growth in the forecast period
  • The High Cost of treatment is set to hinder market expansion in the projected period

Animal Fungal Treatment Market: Key Insights

Base Year

2024

Forecast Year

2025 - 2037

CAGR

6.89%

Base Year Market Size (2024)

USD 1.36 billion

Forecast Year Market Size (2037)

USD 3.24 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Radhika Pawar


  • Report ID: 3130
  • Published Date: Apr 02, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing pet ownerships and growing government initiatives are some of the major factors anticipated to drive the growth of the animal fungal treatment market.

The market is anticipated to attain a CAGR of ~6.89% over the forecast period, i.e., 2025-2037.

The major players in the market are of Neogen Corporation, MP AGRO CO., LTD., NIHON NOHYAKU CO., LTD., SynergyLabs, Dechra Pharmaceuticals, Vetoquinol, and others.

The oral segment is anticipated to garner the largest market size by the end of 2037 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2037 and provide more business opportunities in the future.
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