The global animal antibiotics market size is expected to reach USD 5.5 billion by 2025 with respect to the market size of USD 4.07 billion during the year 2019, according to a new report by Fusion Market Research, expanding at a CAGR of 4.6% during 2020 to 2025. Animal antibiotics are the medicines given to the livestock and poultry as a preventive measure acting as medicines to avoid any bacterial and microbial infections. Owing to the increase in livestock and animal husbandry, the rising demand for vaccination is increasing in the animal and poultry industry. The benefits of having vaccinated by the proper veterinary doctors prevent the animals from getting infected, deterioration in health, and increases the mortality rate within the livestock. In recent years, the rate of consumption of tetracycline and penicillin have increased in the poultry industry in order to increase egg production and towards healthcare measures like proper hygiene. Due to an increase in the trend of poultry and animal husbandry, the livestock population is expected to further boost the animal antimicrobial and antibiotics market.
Owing to increase in demand for animal protein products like meat and dairy, along with strong demand toward specific antibiotics like tetracycline, quinolones, penicillin, cephalosporin, sulphonamides and aminoglycosides has bolstered the growth of the animal antimicrobial and antibiotics market. However, excessive use of medicine to boost the productions of meat, dairy and poultry products has resulted in the ban of foreign medicine like penicillin in a country like US by Food and Drug Administration has resulted in the decline of the animal antibiotic demand and its production. Precise use of medicines without affecting the health of animals and the end consumers who are ultimately consuming the meat and dairy products will be an opportunity for market growth. An increase in the conversion of the population from non-vegetarian food towards vegan and vegetarian food will be a challenge for the growth of the market. Also, owing to the presence of a large number of big market players like Bayer AG, Zoetis, Inc., and others will be a challenge for small market players to compete in this category.
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North America accounts to be the largest market leader having revenue valued to be USD xx billion during the year 2019 and is expected to grow with an estimated revenue of USD xx billion by 2025, owing to the high disposable income, increasing demand for meat-related products, and due to growing urbanization, the market is expected to grow with an approximate CAGR of xx% from 2020 to 2025. Europe is the second-largest market for an antibiotic is expected to have a revenue of USD xx billion in the year 2019 and is projected to have a revenue of USD xx billion by 2025. Asia Pacific is growing at a moderate rate but expected to grow with the highest CAGR of xx% during 2020 to 2025 owing to the improvement in healthcare and medicine sector, along with the increasing demand for variety in ready to cook packed meat products.
Global Animal Antibiotics Market Reports Major Highlights
- Global animal antibiotics market report includes the qualitative and quantitative data on different services being provided by the market leaders. It also covers the detailed report on the list of service providers, consumption, historical and forecast data for the year 2020-2025.
- Global animal antibiotics market report includes extensive analysis of drivers, restraints, opportunities, and threats for the companies in the global and region. The report also provides a brief comparison for the services being offered by the competitors.
- Global animal antibiotics market report includes detailed analysis on market share, trend, strength, weakness, opportunities and threat for the key players at the global level.
- The report concentrates on the key global animal antibiotics manufacturers, specify, depict and analyze the sales amount, value, market share, market rivalry landscape, SWOT study and course of action plans during the forecast period.
- The report helps to analyze the animal antibiotics market with respect to industry growth trends, market future likelihoods, and their share to the entire market.
Global Animal Antibiotics Market- Segmentation
Fusion Market Research has segmented the global animal antibiotics market based on product, mode of delivery, end-use, and region.
Global Animal Antibiotics Market Product Outlook (Revenue, USD Billion, 2020-2025)
Global Animal Antibiotics Market Mode of Delivery Outlook (Revenue, USD Billion, 2020-2025)
- Oral Powder
Global Animal Antibiotics Market End User Outlook (Revenue, USD Billion, 2020-2025)
Global Animal Antibiotics Market Regional Outlook (Revenue, USD Billion, 2020-2025)
- North America
- The U.S.
- The U.K.
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
Global Animal Antibiotics Market- Competitive Landscape
Animal antibiotics market is considered to be consolidated market owing to the presence of big market players working on the same product line. The list of key players are
- Merck Animal Health
- Bayer Animal Health
- Boehringer Ingelheim
- Phibro Animal Health
Table of Contents
Part 1 Market Overview
Part 2 Key Companies
Part 3 Global Market Status and Future Forecast
Part 4 Asia-Pacific Market Status and Future Forecast
Part 5 Europe Market Status and Future Forecast
Part 6 North America Market Status and Future Forecast
Part 7 South America Market Status and Future Forecast
Part 8 Middle East & Africa Market Status and Future Forecast
Part 9 Market Features
Part 10 Investment Opportunity
PART 11 Coronavirus Impact
Part 12 Conclusion
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