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. 

 

 

Location: Coral Sea

Comments

Post a Comment

Popular posts from this blog

Global Material Handling Robots Market Current Trends, Segmentation, Key Players Analysis and Forecast to 2030

  In a recent published report, Kenneth Research has updated the  Global Material Handling Robots Market   report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply. U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $1
Read more

Zeolite Molecular Sieves Market 2020-2030 by Component, Modality, Deployment Mode, Application, End User, and Region: Trend Forecast and Growth Opportunity

  In a recent published report, Kenneth Research has updated the   Zeolite Molecular Sieves Market   report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply. U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 bi
Read more

Asia-Pacific Pharmacy Automation Systems Market, June 2021 Report On 2021 Industry Share, Top Players Analysis, Size, Demand, Growth Strategy, Trends, Supply, Revenue and 2030 Forecast Research

  In a recent published report, Kenneth Research has updated the   Asia-Pacific Pharmacy Automation Systems Market   report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply. U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picke
Read more