According to the analysts at Zion Market Research, the valuation of the global animal antibiotics and antimicrobials market is projected to surpass over USD 4.9 billion by 2025 expanding at a CAGR of around 4.3% during the forecast period. The global animal antimicrobials and antibiotics market has the active participation of players such as Fort Dodge Animal Health, Bioniche Animal Health, Elanco Animal Health, Bayer Animal Health, Merck Animal Health, Ceva Sante Animale S.A., Zoetis, Inc., Virbac Animal Health, Phibro Animal Health Corp., Merial, and Novartis Animal Health.
Rising Companion Animal Ownership To Boost The Demand For Animal Antimicrobials And Antibiotics
The growth of the global animal antimicrobials and antibiotics market can be attributed to various factors such as the rising companion animal ownership, elevated rates of animal disease outbreaks, and large scale livestock production. The new drug developments by the prominent market players and progressive R&D facilities are also anticipated to drive the demand for efficient treatments for animal diseases. A factor propelling the expansion of the global animal antimicrobials and antibiotics market is the rising responsiveness about animal diseases. Additionally, numerous non-government & government organizations have built early warning systems for a majority of the animal diseases further driving the expansion of the global animal antimicrobials and antibiotics market. Nevertheless, the strict regulatory approvals along with the rising use of antibiotics substitutes like probiotics and feed-enzymes are a few of the factors hampering the expansion of the global animal antimicrobials and antibiotics market during the forecast period.
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Tetracyclines Segment Anticipated To Account For Maximum Share In The Market
The global animal antibiotics and antimicrobials market is bifurcated based on animal type, mode of delivery, product, and region. The market, based on product, is divided into penicillins, tetracyclines, aminoglycosides, macrolides, fluoroquinolones, sulfonamides, cephalosporins, lincosamides, and other antimicrobials & antibiotics. Among these, the major market share is anticipated to be grabbed by the tetracyclines segment on account of its extensive use in food-producing animals. Based on the mode of delivery, the global animal antibiotics and antimicrobials market is bifurcated into oral powders, premixes, injections, oral solutions, and other modes of delivery. Based on animal type, the global animal antibiotics and antimicrobials market is categorized into companion animals and food-producing animals.
High Rate Of Animal Disease Outbreak To Help North America Govern The Global Market
North America is expected to dominate the global animal antimicrobials and antibiotics market during the forecast period as a result of the elevated rates of animal disease outbreak, high companion animal ownership, extreme consumption of livestock products, and elevated alertness for animal diseases outbreaks. Additionally, the key market players in North America are spending huge funds for drug development to treat animal diseases. Furthermore, Asia Pacific is the rapidly developing region within the global animal antimicrobials and antibiotics market on account of the rising livestock population, high rates of animal diseases, and the increasing need for animal antimicrobials. Also, the animal antimicrobials and antibiotics market in this region is witnessing substantial expansion as a result of the rising companion animal ownership, growing disposable income, and rising government participation in counteracting animal disease outbreaks in the budding nations, such as China and India.
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The global animal antibiotics and antimicrobials market is segmented as follows:
- Other Antimicrobials and Antibiotics
By Mode of Delivery
- Oral Powders
- Oral Solutions
- Other modes of delivery
By Animal Type
- Food-producing Animals
- Sheep and Goats
- Other Food-producing Animals
- Companion Animals
- Other Companion Animals
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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