Surge in the demand for animal protein products worldwide, boosts the animal antibiotics and antimicrobials market worldwide in the next decade; according to a research conducted by Kenneth Research.

 

According to a recent study by Kenneth Research, the global demand of Penicillin is huge in the global pharmaceutical market. It has a great share in the animal antibiotics and antimicrobials market globally. The market is expected to grow at an annual rate of almost 5% in the next 10 to 15 years.

It is estimated that by 2021, the revenue of the global animal antibiotics and antimicrobial agent market will reach 3 billion U.S. dollars, and it may grow at a compound annual growth rate of 5% between 2022 and 2030. It is expected that in the next seven years, the increase in demand for animal products will have a positive impact on the global animal antibiotic and antimicrobial market. Macrolides, tetracyclines, quinolones, penicillins, cephalosporins, sulfonamides and aminoglycosides are different types of animal antibiotics and antibacterial agents. Tetracycline is an important raw material for antibiotics and has developed rapidly in recent years.

Strong demand for penicillin antibiotics is expected to promote the development of antibiotics and animal antibiotics markets. Promote greater demand for animal protein products to help the world market. It is expected that increased animal health and welfare measures will boost the global antibiotic and animal antibiotic market.

Major market players:

Elanco Animal Health, Zoetis Inc., Vetoquinol, Merck & Co. Inc., Boehringer Ingelheim, Ceva Sante Animale, Bayer AG, Novartis AG, Virbac SA, Eli Lilly & Company, and Sanofi.

More and more animal disease outbreaks are touted as a key factor to supplement the global animal antibiotic and antimicrobial market. It is expected that increasing the number of livestock will further promote the market for animal antibiotics and antimicrobial agents. Terminal industries, such as the animal meat industry, have grown rapidly in recent years and are expected to develop rapidly during the forecast period. The increase in demand for dairy products is expected to promote the development of the global antibiotic and antibacterial agent market.
The United States Food and Drug Administration and other agencies; regulations on excessive use of antibiotics have been touted as causing slow market growth. The massive use of enzymes in food and feed is expected to hinder the overall growth of the animal antibiotic and antimicrobial market. It is expected that increased competition from this industry will hinder the growth of the world market. Cheaper alternatives on the market are expected to hinder the growth of the animal antibiotic and antimicrobial market. The rise in antibiotic resistance is a key reason that is expected to hinder the growth of the animal antibiotic and antimicrobial market.
Good health management practices that lead to a decrease in antibiotic use are expected to slow the growth of the animal antibiotic and antibiotic market in the next seven years. A large number of industry players have triggered serious price wars, which are expected to reduce profits and reduce the performance of the animal antibiotic and antimicrobial industry. Initiatives to develop new technologies provide ample opportunities for new and existing industry players.
Main market regions:
The study on animal antibiotics and antimicrobials market was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the Global animal antibiotics and antimicrobials market research report to ensure it dives deep to achieve strategic competitive intelligence in the segment. 

 

 

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