Animal Antibiotics Antimicrobials Market Sales to Top USD 6.3 billion by 2029
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Global animal antibiotics antimicrobials market was valued at USD 4.5 billion in 2021 and is expected to reach USD 6.3 billion by 2029, registering a CAGR of 4.10% during the forecast period of 2022-2029. The "tetracyclines" accounts for the largest product segment in the animal antibiotics antimicrobials market within the forecasted period owing to its factors such as well-absorbed, low toxicity, high potency against pathogenic microorganisms and are relatively inexpensive compared to other animal antimicrobial and antibiotic products. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Some of the major players operating in the animal antibiotics antimicrobials market are Boehringer Ingelheim International GmbH. (Germany), Zoetis (US), Elanco (US), Merck & Co. Inc. (US), Phibro Animal Health Corporation (US), Virbac (France), Vetoquinol (France), HIPRA (Spain), Ceva (France), Dechra (UK), Kyoritsuseiyaku Corporation (Japan), CHINA ANIMAL HUSBANDRY GROUP (China), Endovac Animal Health (US), Zydus Group (India), Indian Immunologicals Pvt. Ltd. (India), UCBVET Saúde e Bem Estar Animal (US), American Reagent Inc. (US), Neogen Corporation (US), Huvepharma (US), Ayurvet (India), Ashish Life Science (India), Inovet Group (Belgium), Lutim Pharma Private Limited (India), and ECO Animal Health Ltd (US) among others.
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Global Animal Antibiotics Antimicrobials Market Scope
The animal antibiotics antimicrobials market is segmented on the basis of product, mode of delivery and animal type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
On the basis of product, the animal antibiotics antimicrobials market is segmented into tetracycline, penicillin, sulfonamide, macrolide, cephalosporin, fluoroquinolone, lincosamides and cephalosporins. The tetracyclines segment accounts for the largest share owing to its factors such as well-absorbed, low toxicity, high potency against pathogenic microorganisms and are relatively inexpensive compared to other animal antimicrobial and antibiotic products.
Mode of Delivery
On the basis of mode of delivery, the animal antibiotics antimicrobials market is segmented into premixes, oral powder, injection and others.
On the basis of animal type, the animal antibiotics antimicrobials market is bifurcated into food-producing animals and companion animals.
Animal Antibiotics Antimicrobials Market Regional Analysis/Insights
The animal antibiotics antimicrobials market is analyzed and market size insights and trends are provided by country, product, mode of delivery and animal type as referenced above. The countries covered in the animal antibiotics antimicrobials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the animal antibiotics antimicrobials market because of the high companion animal ownership, increasing incidences of animal diseases coupled with the huge capital investments for the development of drugs for animal diseases within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing government involvement in countering animal diseases outbreaks, increasing livestock population along with the growing demand for animal antimicrobials within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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