Growing demand for livestock products is anticipated to positively influence the global animal antimicrobials and antibiotics market over the next seven years. Macrolides, tetracycline, quinolones, penicillin, cephalosporin, sulphonamides and amino glycosides are different animal antimicrobials and antibiotics types. Tetracycline which is an important raw material for antibiotics has witnessed rapid growth in the recent past. Strong demand for penicillin based antibiotics is expected to bolster the animal antimicrobials and antibiotics market. Rise in demand for animal protein products is touted to aid the global market. Increasing initiatives concerning animal health and welfare are expected to aid the overall global market for animal antimicrobials and antibiotics market. Increasing animal disease outbreaks are touted to play a key role in complimenting the global animal antimicrobials and antibiotics market. Growing livestock population is anticipated to further assist the animal antimicrobials and antibiotics market. End-use industries such animal meat industry has witnessed rapid growth over the past few years and is expected to witness brisk development over the forecast period. Rise in dairy product demand is presumed to drive the global antimicrobials and antibiotics market. Regulations imposed by agencies such as Food and Drug Administration on excessive antibiotics usage is touted to result in sluggish market growth. High in-feed enzymes usage in food products is anticipated to hamper the overall growth for animal antimicrobials and antibiotics market. Rise in industry competition is expected to hamper the global market growth. Cheaper substitutes available in the market are expected to retard the animal antimicrobials and antibiotics market growth. Increasing resistance to antibiotic is a key reason that is expected to hamper the animal antimicrobials and antibiotics market growth. Good and hygienic husbandry practices leading to lesser antibiotics usage are slated to retard the animal antimicrobials and antibiotics market growth over the next seven years. Large number of industry participants resulting in severe price wars is projected to curtail profits and degrade animal antimicrobials and antibiotics industry performance. Initiatives to develop novel technologies offer ample opportunities for the existing as well as new industry participants.
Animal antimicrobials and antibiotics can be administered in multiple ways such as premix, oral powder & solutions, injections and intramammary preparations. Animal antimicrobials and antibiotics applications are spread across multiple end-use segments such as the dairy market, animal meat market, personal pet market, cattle market and animal food market. Pharmaceutical applications dominated the animal antimicrobials and antibiotics applications over the last few years, followed by dairy industry applications. These leading end-use industries are slated to witness brisk growth over the forecast period.
North America was the most dominant regional animal antimicrobials and antibiotics market and accounted for almost one third of the total global demand followed closely by Europe. This trend was mainly due to growing urbanization, high disposable income and soaring demand for animal related products. Developing regions such as Asia Pacific and Middle East & Africa have been witnessing substantial growth in the recent past and are expected to experience brisk growth over the next seven years. Central & South America is also projected to witness rapid animal antimicrobials and antibiotics market growth. Boom in animal protein demand and rise in companion animal ownership is anticipated to have direct impact on the animal antimicrobials and antibiotics regional market. Countries such as China, India, Malaysia, Vietnam, Indonesia and Japan are touted to experience brisk growth owing to rapid end-use industries growth.
Industry is characterized by the strong competition owing to numerous industry participants. Prominent animal antimicrobials and antibiotics industry participants are Elanco Animal Health, Zoetis Inc., Vetoquinol, Merck And Co. Inc., Boehringer Ingelheim, Ceva Sante Animale, Bayer AG, Novartis AG, Virbac SA, Eli Lilly And Company and Sanofi.
Avail customized purchase options to meet your exact research needs:
Get your queries resolved from an industry expert.
Design an exclusive study to serve your research needs.
A testimonial for service in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."
Restrictions on manufacturing activities due to the advent of the COVID-19 pandemic shall cause a slump in the supply of feed, as well as its additives. The current stagnation in supply is, in turn, detrimental against the backdrop of ever-increasing demand for essential food products such as dairy and meat. The report will account for Covid19 as a key market contributor.