The Middle East and Africa animal healthcare market consists of products used for the prevention, control, and treatment of disease for companion and food producing animals. The products include vaccines, parasiticides, anti-infectives, medical feed additives, and others. Animal healthcare products help ensure better food safety and prevent zoonotic diseases from being transmitted to humans. The growing companion animal population in the region has augmented the demand for animal healthcare products to keep pets healthy. The Global Middle East and Africa Animal Healthcare Market is estimated to be valued at US$ 5478.77 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Middle East And Africa Animal Healthcare Market Demand are Siegfried, Sanofi, Johnson Matthey, Mallinckrodt, Noramco, Unichem Laboratories, Arevipharma GmbH, Resonance-labs, Sun Pharmaceutical Industries Ltd., Rusan Pharma, Micro Orgo Chem, and Faran Shimi Pharmaceutical Co. The region has seen a rise in pet adoption rates over the past decade, especially dogs and cats. This has boosted the sales of veterinary pharmaceuticals and other ancillary products in the region. Various countries in the Middle East and Africa are also witnessing rising livestock population which will augment the demand for animal healthcare products going forward. Key players are investing in research and development activities to develop novel therapeutics and launch new product lines to capture additional market share in the high growth region.

Market Drivers

The key driver fueling the Middle East and Africa animal healthcare market growth is the rising pet adoption rates across many countries. As disposable incomes rise, people are acquiring more dogs, cats, and other companion animals. This has led to increased spending on quality pet food and healthcare products to keep pets healthy. Veterinary medicines, vaccines, and services are being increasingly utilized for animal disease prevention and treatment. Growth in livestock population especially cattle and poultry is another major factor driving market revenues as animal healthcare products are important to ensure productivity and food safety.

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