Animal Antibiotics and Antimicrobials Market Can Surpass $5.2 Bn Worth by the End of 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.
Overview:
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 size 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.
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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.
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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