Animal Antimicrobials and Antibiotics Market Industry Players, Key Trends Insights, Market Size, Estimation, Therapeutic Associates, Application And Regional Forecast To 2026
Antibiotics have a wide range of applications in the husbandry of livestock such as therapeutic application, curing a batch of animals during ill, and prophylaxis or preventative treatment against various diseases. The employment of sub-therapeutic doses in water and/or animal feed to develop feed efficiency and encourage growth was eliminated altogether effective January 1, 2017, as per the new FDA Veterinary Feed Directive. Antimicrobials and other types of drugs are used by livestock owners and veterinarians in the U.S. for control, treatment, or prevention of livestock diseases.
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Growing demand for livestock products, owing to the increasing population of livestock around the globe is likely to boost the growth of the animal antimicrobials and antibiotics market. Besides, the rising incidence of diseases in livestock is likely to support the market growth over the forecast period. Another major factor fueling the overall growth of the market is the rising demand for animal proteins and the growing trend of pet ownership is also encouraging the growth of this market. On the flip side, the use of in-feed enzymes and stringent regulations are expected to restrain the growth of this market.
Animal antimicrobials and antibiotics market Taxonomy
On the basis of the type of product
On the basis of the type of animals
- Companion animals
- Food-producing animals
On the basis of mode of delivery
- Oral powder or solutions
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Growing livestock and rising consumption of milk and other poultry food products will drive the overall animal antimicrobials and antibiotics market
Increasing usage of antimicrobial and antibiotic products for animal well-fare coupled with the rising demand for meat, milk, and the poultry food products is expected to fuel market growth. The profound usage of various types of meats and a variety of milk in the dairy products, especially in the western diet and the speedy adoption of these eating habits across the globe are expected to lead to a rise in demand for animal antimicrobials and antibiotics around the globe.
On the basis of geography, North America held the largest share of the animal antibiotics and antimicrobials market. This dominance can be attributed to the developed animal healthcare market in this region. Other factors driving the market in this region are increasing demand for animal-derivative food products, growing expenditure on animal healthcare, increasing animal population, and growing awareness regarding the zoonotic diseases. At the same time, the Asia-Pacific market is likely to grow at the maximum CAGR, and this can be attributed to the rising animal population, growing demand for animal-based food products, rise in awareness regarding animal welfare and health, especially in the emerging economies of China and India.
The key market players operating in the global animal antimicrobials and antibiotics market are Merck & Co., Inc., Zoetis, Inc., Bayer AG, Virbac, Eli Lilly Company, Boehringer Ingelheim GmbH, Vetoquinol S.A., Ceva Sante Animale, Dechra Pharmaceuticals PLC, and Sanofi.
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