Veterinary Antibiotics Market Future scope and Emerging Growth Wtih Top Players: Bayer AG, Boehringer Ingelheim GmbH, Ceva Sante Animale

The animal health industry is continually evolving to give a wider choice of goods to assist the well-being of animals. More nutritious feed, immune stimulants to strengthen natural defenses, and parasiticides to guard against common tick-borne infections are just a few of the options. Antibiotics are used in the production of food animals to avoid, manage, and diagnose patients. The growing usage of antibiotics in cattle is mostly due to rising demand for meat and dairy products.

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As per the Food and Drug Administration (FDA), India consumed 67.7 million metric tons of fluid milk in 2018, up 4% from 2017. As per a 2016 analysis from the MIT Center for Collective Intelligence, demand for animal products is expected to rise by 50% between 2013 and 2025. Antibiotic resistance in animal husbandry, however, is a concern for animal and human health owing to the misuse of antibiotics. As a result, numerous international organizations have begun to address the problem of antibiotic resistance. The WHO (World Health Organization) developed a worldwide action plan in 2015 for key objectives include enhancing surveillance of developing antibiotic-resistant bacteria. The U.S. FDA (Food and Drug Administration) conducts a thorough assessment of antibiotics before approving them for use in food-producing livestock.

As per a research published by the National Center for Biotechnology Information in 2016, sales of organic foods climbed from US$ 11 billion in 2004 to roughly US$ 32 billion in 2013. The USDA requires that products certified as organic be grown without antibiotics being fed or given to the animal at any stage throughout its life. Antibiotic substitutes, such as vaccinations, are being developed by manufacturers in the veterinary antibiotics industry. Elanco launched research on 25 antibiotic alternatives in 2015, and a research agreement with EnBiotix to create pathogen-fighting bacteriophages was created in June 2016.

Due to rising meat, poultry, and dairy consumption worldwide, the global veterinary antibiotics market is projected to grow at a CAGR of 3.8 percent over the projected period (2018–2026). As per Science Magazine, the global average quantity of meat consumed per person has nearly quadrupled in the last 50 years, rising from roughly 23kg in 1961 to 43kg in 2014.

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Major Market Competitors

Some of the major players of the Veterinary Antibiotics market

Bayer AG, Boehringer Ingelheim GmbH, Ceva Sante Animale, Crystal Pharma, Dechra Pharmaceuticals PLC, Huvepharma AD, Eli Lilly Company, Elanco, Merck & Co., Inc., Sanofi, Vetoquinol S.A., Virbac, and Zoetis, Inc.

Market Segmentation

By Product Type:

Anti-parasitic
Anti-bacterial
Non-steroidal anti-inflammatory drug
Others
By End Use:

Dairy Farm
Poultry Farm
Others

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Covid-19 Impact:

The COVID-19 pandemic has exacerbated the world’s healthcare challenges. Social distancing and shutdowns have accelerated adoption of digital technologies in the healthcare sector. Our updated reports have answers to various concerns in the global Veterinary Antibiotics market caused due to the pandemic.

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