What is the global market size of Animal Antibiotics and Antimicrobials Market?

Global Animal Antibiotics and Antimicrobials Market size was valued at USD 4.32 billion in 2021 and is poised to grow from USD 4.47 billion in 2022 to USD 5.89 billion by 2030, growing at a CAGR of 3.5% in the forecast period (2023-2030).

Animal Antibiotics and Antimicrobials Market Size, Share, Growth Analysis, By Type(Penicillins, Tetracyclines, Sulfonamides, Macrolides), By Application(Veterinary Hospitals & Clinics, Veterinary Pharmacies, Online Pharmacies and Others.), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2329 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 66 | Figures: 75

Animal Antibiotics and Antimicrobials Market Regional Insights

Analysing the regional insights of the global animal antibiotics and antimicrobials market, the most dominant region is North America. The region has a well-established animal agriculture industry and stringent regulations governing the use of antibiotics and antimicrobials in animal health. The North American market is characterised by the presence of major market players, advanced veterinary healthcare infrastructure, and a high level of awareness regarding animal health and welfare. These factors contribute to the dominance of North America in the global Animal Antibiotics and Antimicrobials market.

In terms of the fastest-growing region, Asia Pacific has emerged as a key market with significant growth potential. The region is experiencing rapid urbanisation, an expanding population, and a rising demand for animal-based protein. This has led to an increased focus on animal health and the use of antibiotics and antimicrobials in livestock production. Additionally, the improving economic conditions and disposable incomes in countries like China and India have further fueled the growth of the animal agriculture industry, driving the demand for animal antibiotics and antimicrobials in the Asia Pacific region.

Animal Antibiotics and Antimicrobials Market Report Snapshots

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Animal Antibiotics and Antimicrobials Market size was valued at USD 4.47 billion in 2022 and is poised to grow from USD 4.62 billion in 2023 to USD 6.09 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031)

The competitive landscape is shaped by various factors, including research and development activities, technological advancements, pricing strategies, and marketing initiatives. Key market players focus on product innovation and development to meet the evolving needs of the veterinary healthcare sector. They invest significantly in research to develop new antibiotic formulations and alternative antimicrobial agents that are effective and safe for animal use. 'Zoetis Inc. (United States)', 'Merck Animal Health (United States)', 'Elanco Animal Health (United States)', 'Boehringer Ingelheim Animal Health (Germany)', 'Ceva Santé Animale (France)', 'Vetoquinol S.A. (France)', 'Bayer Animal Health (Germany)', 'Virbac (France)', 'Dechra Pharmaceuticals (United Kingdom)', 'Norbrook Laboratories Ltd. (United Kingdom)', 'Huvepharma (Bulgaria)', 'Phibro Animal Health Corporation (United States)', 'China Animal Husbandry Co., Ltd. (China)', 'Hester Biosciences Limited (India)', 'Indian Immunologicals Ltd. (India)', 'Hipra (Spain)', 'Bimeda Holdings Plc (Ireland)', 'Kyoritsu Seiyaku Corporation (Japan)', 'Vétoquinol (Japan)', 'Ouro Fino Saúde Animal (Brazil)'

The occurrence of infectious diseases among animals, such as avian influenza, foot-and-mouth disease, and swine fever, underscores the necessity of using antibiotics and antimicrobials to control and prevent the spread of diseases. The potential economic losses associated with disease outbreaks drive the demand for these products, particularly in regions where the prevalence of such diseases is high. This demand stems from the need to protect animal health and maintain productivity within the livestock industry.

Growing Emphasis on Antibiotic Alternatives and Responsible Use of Antimicrobials. With the rising concerns over antimicrobial resistance (AMR) and its impact on human and animal health, there is a shift towards reducing the use of antibiotics in animal production. This trend is driven by regulatory initiatives, consumer awareness, and a push from industry stakeholders to find effective alternatives that promote animal health while minimising the risk of AMR. Antibiotic alternatives such as probiotics, prebiotics, phytogenics, and vaccines are gaining traction as viable options to maintain animal health and improve performance.

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Animal Antibiotics and Antimicrobials Market Size, Share, Growth Analysis, By Type(Penicillins, Tetracyclines, Sulfonamides, Macrolides), By Application(Veterinary Hospitals & Clinics, Veterinary Pharmacies, Online Pharmacies and Others.), By Region - Industry Forecast 2024-2031

Animal Antibiotics and Antimicrobials Market Regional Insights

Animal Antibiotics and Antimicrobials Market Report Snapshots

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