Press release
Animal Feed Antibiotics Market to Reach USD 4.33 Billion by 2034: FMI
Animal Feed Antibiotics Market
The Animal Feed Antibiotics Market has been anticipated to grow at a great speed due to the rapid expansion of animal farming and increased demand for animal protein. The further growth is fuelled by continuous research and development in providing antibiotic solutions that meet the regulatory standards for environment and human safety. The companies are focusing on antibiotics mix that require a shorter period to get eliminated from animals' bodies and are not transferred into the food chain. Consumer awareness and health priorities are driving forces behind innovation and sustainable antibiotic solutions. Use of antibiotics is on the rise in Aquaculture feed due to increasing incidences of waterborne illness and infections in the farmed fishes. Bimeda through its Aquatactic product range has been providing aqua-feed antibiotics for the fish feeds for prevention of diseases and better growth of the fish. These antibiotics enhance the fish's immunity and thus help in developing stronger and healthier fish.
Tailoring antibiotic solutions, specifically to each animal species, is becoming increasingly prevalent. Virbac is very keen on developing the antibiotics formulation for appropriate feed mixtures that can be used in commercial farms to improve the volume and profits. Feed supplemented with antibiotics increases the feed conversion rate, hence the growth performance.
Government regulations play a significant role in the development and use of new antibiotic formulations in animal farming. Due to rising concerns over the antibiotics' sustainability and their effect on the human healthcare system, Elanco has developed an antibiotic premix that is eliminated from an animal's body within 3 days, and its residues are not related to human therapeutic antibiotics. In total, these factors, in combination, predict steady growth of the industry.
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Key Takeaways from the Global Animal Feed Antibiotics Market Study:
Companies such as Zoetis Inc, are providing a variety of antibiotic solutions with each focusing on a specific function. They provide technical support to veterinary professionals and farmers to assist in better feeding activities.
Antibiotic manufacturer's collaborations with animal feed manufacturing companies are boosting the use of antibiotics in animal feed. With this type of collaboration, high-quality animal feed is produced and this helps to regulate the illegal use of antibiotics in animal farming.
The demand for natural and organic animal food is rising. This trend is considered a prominent challenge and it can lower the use of antibiotics in food-producing animals.
"Manufacturers who pursue certification and accreditations, follow the government regulations and invest in the R&D to formulate enhanced antibiotic solutions to cater to specific needs of the animals will sustain in the changing government policies and grow in the market.", says Nandini Roy Choudhury, Client Partner at Future Market Insights .
Who is winning?
The competitive dynamics in the Animal Feed Antibiotics sector are fuelled by innovation, partnerships, and digitalization, with market players constantly adapting to changing world scenarios about the use of antibiotics in animal farming. Companies are investing heavily in research and development to formulate antibiotic solutions and incorporate them in animal feed. This enhances the antibiotic properties and offers desired health benefits to the animals.
In 2024, Phibro Animal Health, acquired Medicated Feed Additives portfolio of Zoetis AG which will strengthen Phibro's presence in cattle, swine, and poultry health products. This will support Phibro's manufacturing, distribution, and commercial activities in the animal feed additives category.
In 2023, Bimeda invested more than USD 26 million to open a new manufacturing facility in China. With this Bimeda expands its business in the Asia-Pacific region.
Some of these leaders of the Global Animal Feed Antibiotics market include Zoetis Inc., Elanco Animal Health, Merck Animal Health (MSD), Bayer Animal Health, Boehringer Ingelheim Animal Health, Phibro Animal Health Corporation, Huvepharma, Ceva Santé Animale, Virbac, Vetoquinol, Norbrook Laboratories Ltd., Huvepharma Inc., Pharmgate Animal Health, Zhejiang Hisun Pharmaceutical Co., Ltd., Jiangsu Hengrui Medicine Co., Ltd., Shandong Lukang Pharmaceutical Co., Ltd., Vetpharm Group, Bimeda and kyoritsuseiyaku.
Explore the full report for expert analysis. https://www.futuremarketinsights.com/reports/animal-feed-antibiotics-market
Key Segments of the Report
By Antibiotics Type:
As per antibiotic type, the industry has been categorized into Tetracyclines, Penicillins, Macrolides, Sulphonamides, Aminoglycosides, and Others.
By Form:
As per form, the industry has been categorized into Liquid and Powder.
By Animal Type:
This segment is further categorized into Food-Producing Animals (Poultry, Swine, Aquaculture, and Ruminants) and Companion Animals (Canines and Equines).
By Sales Channel:
As per sales channel, the industry has been categorized into B2B and B2C (Veterinary Clinics and Shops, Pharmacy Stores, and Online Portal).
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
About the Food & Beverage Division at Future Market Insights:
Expert analysis, actionable insights, and strategic recommendations - the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 billion+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Check More Information: https://www.fmiblog.com/2024/11/11/animal-feed-antibiotics-market-to-reach-usd-4-33-billion-by-2034-propelled-by-growth-in-animal-nutrition-and-healthcare-future-market-insights-inc/
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Website: https://www.futuremarketinsights.com
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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