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Global Ruminant Feed Antibiotics Market 2023 - By Size, Share, Competitive Landscape, Upcoming Trends And Outlook By 2032
Ruminant Feed Antibiotics Market
Ruminant Feed Antibiotics Market Size, Growth Rate, And Forecast
The global ruminant feed antibiotics market size is expected to grow from $4.63 billion in 2022 to $5.02 billion in 2023 at a compound annual growth rate (CAGR) of 8.40%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ruminant feed antibiotics market size is expected to reach $6.77 billion in 2027 at a CAGR of 7.79%.
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Ruminant Feed Antibiotics Market Drivers
Rising demand for dairy products is expected to propel the growth of the ruminant feed antibiotics market going forward. Dairy products are milk and any of the foods made from milk, such as butter, cheese, ice cream, yogurt and condensed and dried milk. Antibiotics in ruminant feed can improve animal performance, as antibiotics allow farmers to produce more milk with less feed input.
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Ruminant Feed Antibiotics Market Segments
• By Type: Tetracycline, Penicillin, Sulphonamides, Macrolides, Aminoglycosides, Cephalosporin, Other Types
• By Animal Type: Dairy Cattle, Beef Cattle, Other Animal Types
• By End-User: Dairy Farm, Veterinary Hospitals, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Ruminant Feed Antibiotics market.
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Ruminant Feed Antibiotics Market Key Players
Major competitors in the Ruminant Feed Antibiotics market include Elanco Animal Health Inc., Zoetis Inc., Merck And Co. Inc., Boehringer Ingelheim GmbH.
The Business Research Company's "Global Ruminant Feed Antibiotics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Ruminant Feed Antibiotics Market Include:
1. Executive Summary
2. Ruminant Feed Antibiotics Market Characteristics
3. Ruminant Feed Antibiotics Market Trends And Strategies
4. Ruminant Feed Antibiotics Market - Macro Economic Scenario
5. Ruminant Feed Antibiotics Market Size And Growth
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26. Africa Ruminant Feed Antibiotics Market
27. Ruminant Feed Antibiotics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ruminant Feed Antibiotics Market
29. Ruminant Feed Antibiotics Market Future Outlook and Potential Analysis
30. Appendix
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