Middle East & Africa Animal Healthcare Market anticipated to grow at a CAGR of 5.5 percent by 2026.

The Middle East and Africa animal healthcare market was valued at US$ 3,332,0 million in 2017, according to a new study report, and is expected to grow at a CAGR of 5.5 percent over the forecast period (2018–2026).



Increased demand for animal protein sources and increased government measures to promote animal healthcare are two key industry trends.

Over the projected period, the Middle East and Africa animal healthcare market is expected to grow at a stable pace. This is due to an increase in the incidence and prevalence of zoonotic viral illnesses in the region, which can be easily transferred to humans who operate in close proximity to animals. The World Health Organization (WHO) said in 2018 that the rabies virus kills over ten thousand people each year in parts of Africa and the Asia Pacific region.

Over the forecast period, the market is expected to rise due to rising demand for animal-based dietary products across the Middle East and Africa.The region's tremendous development in animal farming has led in a rise in need for effective animal health services to improve food safety. According to a survey published by the United Nations Food and Agriculture Organization in 2013, meat consumption would increase by 8.9 MT by 2050, beef consumption will reach 13.5 MT, and poultry consumption will reach 11.8 MT.

According to the analysis, milk consumption would rise by 2.2 percent yearly by 2050, while chicken and pork consumption will rise by 3.3 percent.

Furthermore, growing regulatory guidelines implementation by regional and local authorities in the Middle East and Africa for overall animal healthcare improvement is likely to boost market growth over the projection period.The adoption of regulatory guidelines is expected to raise awareness among livestock and companion animal owners about the importance of providing better facilities and care for their animals. To prevent and control epidemic zoonotic diseases in Saudi Arabia, the Ministry of Environment and Agriculture launched a vaccination campaign against foot and mouth disease (FMD) for cows and sheep in February 2019.

The high cost of animal healthcare services and the lack of pet insurance in the region, on the other hand, are likely to limit market expansion throughout the projection period. In Saudi Arabia, for example, veterinarian care for domestic pets is prohibitively expensive. The average cost of vaccinations, vet visits, medications, and supplies for a dog in UAE is approximately US$ 1000, annually. If the animal is diagnosed with diseases, the overall expenses is expected to increase. Moreover, pet owners disown their pets that lack favorable pet insurance.

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