Global Animal Antibiotics and Antimicrobials Market size surpassed USD 5.2 billion in 2023 and is anticipated to witness over 4.50% CAGR from 2018 to 2023
Global
Animal Antibiotics and Antimicrobials Market Research Report Information by
Delivery Type (Injections, Oral powder, Oral solutions, Premixes, Others),
Product Type (Aminocoumarins, Aminoglycosides, Bicyclomycin, etc) and Region -
Forecast To 2027.
Animal Antibiotics and Antimicrobials
Market Highlights
Animal antibiotics and
antimicrobials are needed to cure bacterial infections. Riding on this, as
claimed by Market Research Future (MRFR), the global animal antibiotics and
antimicrobials market is expected to witness a 4.50% CAGR during
the forecast period (2018-2023) to exceed a valuation of USD 5.2 billion.
Animal antibiotics and antimicrobials are used to treat the husbandry of
livestock when they are found ill, or any one of them is suffering in a herd to
prevent further spreading of the disease. These are also used to increase
production.
The global animal antibiotics
and antimicrobials market is expected to benefit from factors such as its
contribution to the food & beverage industry, healthcare sector, pet care
sector, and others. Rising adoption of pets and care for their well-being can
trigger the growth of the global market. In human healthcare, the segment can
contribute impressively by creating antibacterial that would increase
resistance against any kind of bacterial infection. However, in several
countries, the regulations regarding the use of antibiotics and antimicrobials
are quite strict which can restrain the expected growth rate of the animal
antibiotics and antimicrobials market.
Segmentation:
MRFR in their intense analysis
of the global animal antibiotics and antimicrobials market segmented it by
delivery type, end-user type, and product type for an extensive report with
both volume-wise and value-wise data.
Based on the delivery type,
this animal antibiotics and antimicrobials market can be segmented into
premixes, injections, oral solutions, oral powder, and others.
Based on the end-user types,
the animal antibiotics and antimicrobials market segmentation includes
companion animals and food producing animals. The food producing animals
segment is substantially big and invites a lot of investments on which it can
thrive later.
Based on the product type, the
animal antibiotics and antimicrobials market can be segmented into
aminoglycosides, aminocoumarins, cephalosporins, bicyclomycin,
fluoroquinolones, macrolides, penicillin, sulfonamides, phenicols, fusidic
acid, and tetracyclines.
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Regional
Analysis:
MRFR in their latest report on
the regional segmentation of the global animal antibiotics and antimicrobials
market includes the Americas (North America & South America), Europe, Asia
Pacific, and the Middle East & Africa (MEA) as a part of their intent to
study it based on continent-wise production.
The Americas, due to advanced
medical facilities, research facilities, and investments on the animal-based
products is holding immense potential. The regional market is getting mostly
led by North America where the U.S. is showing immense potential owing to its
superlative infrastructure. Major market players are mostly based out of this
region.
Europe’s infrastructural state
is mostly at par with North America owing to which the region is expecting a
substantial growth during the forecast period. Mostly, it is Germany, France,
Spain, Italy, and the United Kingdom (UK), who are contributing considerably to
the progress of the regional market.
The APAC is mostly untapped,
but its potential is immense. Major countries that are investing in the
revamping of their infrastructure to set foot in the market with great gusto
are Australia, China, India, Japan, and South Korea.
The MEA region can only expect
a slow and steady growth. Mostly this is due to lack of awareness and poor
economies, which is why the market can have adverse impacts.
Competitive
Landscape:
Influential players to operate
in the global animal antibiotics and antimicrobials market are Bayer Animal
Health, Bioniche Animal Health, Ceva Sante Animale S.A., Elanco Animal Health,
Fort Dodge Animal Health, Merck Animal Health, Merial, Novartis Animal Health,
Phibro Animal Health Corp., Virbac Animal Health, and Zoetis. These companies
are listed in the MRFR report with their recent development sin the sector.
These indicate the strategic growth is taking place at the moment across the
global market and its impact on the expansion.
In January 2019, The Foundation
for Food and Agriculture Research (FFAR) introduced its new program
Antimicrobial Stewardship in Agriculture (ICASA). This is a public-private
partnership to help in advancing research on antimicrobial stewardship in
animal agriculture. The aim is to enhance animal health and welfare.
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