- Pharmaceuticals
- Antibiotics
- Vaccines
- Parasiticides
- Others
- Feed Additives
- Nutritional Feed Additives
- Medicinal Feed Additives
Middle East and Africa Animal Healthcare Market size was valued at USD 3.78 billion in 2022 and is poised to grow at a CAGR of 5.1% from 2023-2029. Animal nutrition makes a significant contribution to nutrient-efficient livestock production, promoting the safety and dietary quality of animal products for human consumption, and enhancing the health and welfare of farm animals. These nutrients are required for a number of biological processes, including transport, the storage of other nutrients, and the synthesis of proteins. The market is expanding as a result of rising consumer awareness of animal health issues, rising demand for meat and meat products, rising nutritional needs of current livestock, and rising per capita disposable income. High prices of animal nutrition products and environmental issues that have an impact on livestock production are projected to limit market expansion.
The high cost of animal healthcare services and the lack of pet insurance are the two key factors limiting the market's growth. Veterinary treatment for domestic pets is expensive in Saudi Arabia, and it can be more expensive than human medical care. In the UAE, the average cost of vaccines, vet visits, medicine, and consumables for a dog is around US$ 1,000 per year. The whole cost is projected to rise if the animal is diagnosed with illnesses. Furthermore, pet owners abandon their animals due to a lack of affordable pet insurance.
The middle east and africa animal healthcare market size was valued at USD 3.78 billion in 2022
The report covers the countries market data: Saudi Arabia, United Arab Emirates, South Africa
Pfizer Animal health Ltd, Merck & Co Inc., Zoetis Inc., Boehringer Ingelheim GmbH