Animal Antibiotics and Antimicrobials Market

Animal Antibiotics and Antimicrobials are the products that prevent animals from infections like skin infections, pneumonia, and other body problems by killing bacteria or by inhibiting the bacterial growth so that animal’s immune system can become strong enough to fight the bacteria. Growing livestock population, initiatives concerning animal welfare and health, rise in demand for dairy products, rising demand for animal protein products, high consumption of animal-derived food products is anticipated to influence the growth of animal antibiotics and antimicrobials market positively. According to the Guardian and Bureau of Investigative Journalism, owing to the growth of animal antibiotics and antimicrobial market, the number of industrial-sized pig and poultry units that was 1669 in 2017 in the UK has reached 1786 in 2020 due to a rise of 7%. According to Statista, the volume of the global dairy market is projected to grow to 234 metric tons by 2021 from 225 metric tons in 2019. However, regulations imposed by agencies such as the Food and Drugs Administration on excessive usage of animal antibiotics and antimicrobial products impede the growth of the market over the forecast period of 2020-2027. Also, the boom in the demand for animal protein and the rise in animal companion ownership is likely to increase the market growth during the forecast period.

Global Animal Antibiotics and Antimicrobials Market is valued approximately at USD 4.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.6% over the forecast period 2020-2027 and is estimated to reach USD 5.81 billion by 2027.

The regional analysis of the global market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing urbanization, increasing demand for animal-related products, and high disposable income. Asia-Pacific, Middle East, and Africa are also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising demand for dairy products, and rising expenditure on animal health would create lucrative growth prospects for the market across the Asia-Pacific region.

Major market players included in this report are Boehringer Ingelheim, Zoetis Inc, Elanco Animal Health, Merck & Co. Inc., Phibro Animal Health, Virbac, Vetoquinol SA, HIPRA, Ceva Santé Animale, and Dechra Pharmaceuticals Plc

The detailed segments and sub-segment of the market are explained below:
By Type of Product: Tetracyclines, Penicillin, Sulfonamides, Macrolides, Aminoglycosides, Lincosamides, Fluoroquinolones, Cephalosporins, Other Antimicrobials, and Antibiotics
By Mode of Delivery: Premixes, Oral Powder, Oral Solution, Injection, Others
By Animal Type: Food-Producing Animals, Companion Animals

To review the mentioned report, visit https://www.bizwitresearch.com/

Data drives better decisions
Bizwit Research & Consulting LLP