Livestock Dewormers Market Share, Trends, Growth (2022-27) | Industry Analysis

 

Market Overview:

The global increase in demand for animal-based food products, including animal meat and milk, is expected to fuel market growth, owing to the direct relationship between animal meat and milk consumption and the demand for treatment and cure of any animal disease. Zoonotic diseases are common all over the world. According to the Centers for Disease Control and Prevention (CDC), animals spread more than six out of every ten known infectious diseases in humans. As a result, it is clear that these diseases are major public health issues around the world.

According to the US Department of Agriculture — Foreign Agricultural Service (USDA — FAS) global meat consumption statistics, pork meat accounted for approximately 40% of total meat consumption in 2018. Similarly, as reported by the Government of the United Kingdom’s Department for Environment, Food, and Rural Affairs, the production of a variety of liquid milk and milk products necessitates higher volumes of milk from dairies in England and Wales. 53% of total milk used is used to make liquid milk, 24% for cheese, 2.4% for butter, and 2.2% for cream production. Along with these factors, the rise in parasitic disease prevalence in livestock animals is expected to drive market growth over the forecast period.

Scope of the Report:

According to the report’s scope, livestock dewormers are chemicals or drugs that have been evaluated and tested to determine their effectiveness and safety and are used to remove worm parasites in livestock animals.

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