Animal Antibiotics Antimicrobials Market is expected to reach US$6.3 Billion by 2029
Antimicrobials are substances that kill or inhibit the majority of germs. The antimicrobials can be natural, semi-synthetic, or synthetic. Antibiotics are all antimicrobials, but antimicrobials aren’t all antibiotics. Antibiotics are basically used to treat clinical illness, prevent and manage common disease occurrences, and improve animal development and growth. They are used in food animals in three ways: therapeutic, prophylactic, and sub-therapeutic. Antimicrobials offer significant advantages in terms of animal and human food safety. Antibiotics and antimicrobials used in animals can contribute to the spread of antimicrobial resistance in bacteria that can be transmitted to people, reducing the efficacy of antimicrobial medications for treating human illnesses.
Global animal antibiotics antimicrobials market was valued at USD 4.5 billion in 2021 and is expected to reach USD 6.3 billion by 2029, registering a CAGR of 4.10% during the forecast period of 2022-2029. The “tetracyclines” accounts for the largest product segment in the animal antibiotics antimicrobials market within the forecasted period owing to its factors such as well-absorbed, low toxicity, high potency against pathogenic microorganisms and are relatively inexpensive compared to other animal antimicrobial and antibiotic products. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Some of the major players operating in the animal antibiotics antimicrobials market are Boehringer Ingelheim International GmbH. (Germany), Zoetis (US), Elanco (US), Merck & Co. Inc. (US), Phibro Animal Health Corporation (US), Virbac (France), Vetoquinol (France), HIPRA (Spain), Ceva (France), Dechra (UK), Kyoritsuseiyaku Corporation (Japan), CHINA ANIMAL HUSBANDRY GROUP (China), Endovac Animal Health (US), Zydus Group (India), Indian Immunologicals Pvt. Ltd. (India), UCBVET Saúde e Bem Estar Animal (US), American Reagent Inc. (US), Neogen Corporation (US), Huvepharma (US), Ayurvet (India), Ashish Life Science (India), Inovet Group (Belgium), Lutim Pharma Private Limited (India), and ECO Animal Health Ltd (US) among others.
Animal Antibiotics Antimicrobials Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Growing Concerns For the Animal Health
There has been rising concerns regarding the health of animals. The rising animal healthcare spending and the growing demand for pet insurance will lead to high demand for animal antibiotics antimicrobials, which is the most significant factor driving the growth for this market. Increasing initiatives concerning animal health and welfare along with increasing incidence of zoonotic diseases are also expected to accelerate the overall growth of the market.
Furthermore, the rapid growth in the consumption of products such as meat and seafood on regular basis also triggers the market growth. The rising demand for animal-derived food products and the implementation of regulations to prevent the spread of animal diseases are also projected to cushion the growth of the market. Moreover, the unused prospects of the advancing markets and the development in the companion animal populace are estimated to generate lucrative opportunities for the market. The surging demand for dairy products, and subsequent rise in livestock population facilitated by organized farming which will further expand the animal antibiotics antimicrobials market’s growth rate in the future.
For more information on market analysis: – https://www.databridgemarketresearch.com/reports/global-animal-antibiotics-antimicrobials-market
The animal antibiotics antimicrobials market is segmented on the basis of product, mode of delivery and animal type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
On the basis of product, the animal antibiotics antimicrobials market is segmented into tetracycline, penicillin, sulfonamide, macrolide, cephalosporin, fluoroquinolone, lincosamides and cephalosporins. The tetracyclines segment accounts for the largest share owing to its factors such as well-absorbed, low toxicity, high potency against pathogenic microorganisms and are relatively inexpensive compared to other animal antimicrobial and antibiotic products.
Mode of Delivery
- Oral Powder
On the basis of mode of delivery, the animal antibiotics antimicrobials market is segmented into premixes, oral powder, injection and others.
- Food-producing Animals
- Companion Animals
On the basis of animal type, the animal antibiotics antimicrobials market is bifurcated into food-producing animals and companion animals.
Animal Antibiotics Antimicrobials Market Regional Analysis/Insights
The animal antibiotics antimicrobials market is analyzed and market size insights and trends are provided by country, product, mode of delivery and animal type as referenced above. The countries covered in the animal antibiotics antimicrobials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the animal antibiotics antimicrobials market because of the high companion animal ownership, increasing incidences of animal diseases coupled with the huge capital investments for the development of drugs for animal diseases within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing government involvement in countering animal diseases outbreaks, increasing livestock population along with the growing demand for animal antimicrobials within the region.
For the complete TOC at:- https://www.databridgemarketresearch.com/toc/?dbmr=global-animal-antibiotics-antimicrobials-market
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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