The Animal Antibiotics and Antimicrobials Market crossed US$ 4.45 billion mark in 2022 and is expected to hit US$ 6.04 billion by 2030, recording a CAGR of 3.9% during the forecast period.
The overall livestock sector witness’s significant growth due to the high consumption of animal-derived food products. An FAO (Food and Agriculture Organization of the United Nations) survey in 2018, studied the supply and demand for animal-sourced food found that Asian countries show the highest growth in the demand for livestock products such as milk, mutton, and poultry products (chicken and eggs). Animal antibiotics and antimicrobials refers to medications used in livestock for any purpose in the husbandry of livestock that includes treatment when a batch of animals is diagnosed with illness. Antimicrobials and antibiotics are given to farm animals such as cows, pigs, poultry, and other cattle to treat infections and prevent transmission of illness. The latest Animal Antibiotics and Antimicrobials Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving Smart home market.
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Key Players:
- Companies profiled
- Zoetis, Inc.
- Boehringer Ingelheim GmbH
- Dechra Pharmaceuticals PLC
- Ceva Sante Animale
- Virbac
- Vetoquinol S. A.
- Phibro Animal Health Corporation
- Elanco Animal Health
- Merck & Co. Inc
- ECO Animal Health.
Recent strategic developments in animal antibiotics and antimicrobials market
The animal antibiotics and antimicrobials market has undergone several significant developments, and a few of these have been mentioned below:
- In March 2020, Dechra products has received U.S. Food and Drug Administration approval for a generic version of Zoetis’ Zeniquin antibiotic for cats and dogs. The new Marboquin tablets are indicated for treating skin and soft tissue infections associated with bacteria susceptible to marbofloxacin.
- In July 2020, Zoetis entered into an agreement with Trianni Inc. for the development of transgenic monoclonal antibody platforms for the discovery of new veterinary treatments.
Target audience for the report:
- Raw material providers
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Pharmaceutical distributors and sales firms
- Pharmaceutical companies
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented based on:
- Product:
- Tetracyclines
- Penicillins
- Sulfonamides
- Macrolides
- Aminoglycosides
- Lincosamides
- Fluoroquinolones
- Cephalosporins
- Others
- Mode of Delivery:
- Premixes
- Oral Powders
- Oral Solutions
- Injections
- Others
- Type of Animal:
- Food-Producing Animals
-
- Cattle
- Pigs
- Poultry
- Sheep and Goats
- Other
- Companion Animals
-
- Cats
- Dogs
- Horses
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
The research report provides deep insights into the market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of Animal Antibiotics and Antimicrobials Market during the forecast period, i.e., 2022–2030. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.
The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2022–2030? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Animal Antibiotics and Antimicrobials Market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Smart home market?
- What are the prominent market trends influencing the development of the Animal Antibiotics and Antimicrobials Market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Smart home market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Smart home market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Animal Antibiotics and Antimicrobials Market segments and regions.
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