Selbyville, Delaware, May 05, 2021 (GLOBE NEWSWIRE) -- According to expert analysts, worldwide animal antibiotics and antimicrobials market size was worth USD 4.4 billion in 2019 and is projected to register a CAGR of 3.4% over 2020-2027, subsequently reaching a valuation of USD 5.81 billion by the end of the forecast period.
High consumption of animal-derived food products, surging demand for dairy products, and subsequent rise in livestock population facilitated by organized farming are the major growth drivers of the industry. Also, surging demand for dairy products serves as a major growth impetus for the market. Moreover, global dairy market is anticipated to grow from 225 metric tons in 2019 to 234 metric tons by 2021.
Increasing number of initiatives concerning animal welfare and health, rise in animal companionship, and spike in demand for animal protein are further accelerating global animal antibiotics and antimicrobials industry expansion.
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For those unfamiliar, animal antibiotics and antimicrobials are products that safeguard animals from ailments like pneumonia, skin infections, and other body problems by eliminating bacteria or inhibiting its growth, thereby strengthening the immune system.
Elaborating on the factors hindering market development, stringent regulatory framework developed by authorities such as Food and Drugs Administration on excess utilization of antibiotic and antimicrobial products are negatively impacting the product demand.
Regional overview:
Asia Pacific, Europe, North America, and Latin America are the key geographies that define the overall animal antibiotics and antimicrobials market size and scope. Among these regions, North America currently leads the industry growth and will likely accrue notable returns during the forecast period. This can be ascribed to escalating demand for animal-related products, growing urbanization, and high disposable income among the populace.
Meanwhile, Asia Pacific animal antibiotics and antimicrobials industry is slated to grow at an exponential rate during the stipulated timeframe, creditable to factors such as soaring demand for dairy products and increasing animal healthcare expenditure in the region.
Competitive outlook:
The competitive landscape of global animal antibiotics and antimicrobials market sphere is defined by leading players like Virbac SA, Phibro Animal Health Corp., Merck & Co. Inc., Elanco Animal Health Inc., Zoetis Inc., and Boehringer Sohn AG & Ko. KG. These industry giants are exploring different strategies such as new product development and R&D investments to improve their standing in the marketplace.
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Global Animal Antibiotics and Antimicrobials Market Product Sub-Segments (Revenue, USD Billion, 2017-2027)
- Penicillin
- Tetracyclines
- Sulfonamide
- Macrolides
- Aminoglycosides
- Fluoroquinolones
- Lincosamide
- Cephalosporins
- Others
Global Animal Antibiotics and Antimicrobials Market Mode of Delivery Sub-Segments (Revenue, USD Billion, 2017-2027)
- Oral Powder
- Oral Solution
- Premixes
- Injection
- Others
Global Animal Antibiotics and Antimicrobials Market Animal Type Segmentation (Revenue, USD Billion, 2017-2027)
- Companion Animals
- Food-Producing Animals
Global Animal Antibiotics and Antimicrobials Market Geographical Bifurcation (Revenue, USD Billion, 2017-2027)
North America
- United States
- Canada
Europe
- Germany
- Spain
- France
- United Kingdom
- Italy
- Rest of Europe
Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- Rest of APAC
Latin America
- Mexico
- Brazil
Rest of the World
Global Animal Antibiotics and Antimicrobials Market Company Profiles (Revenue, USD Billion, 2017-2027)
- Dechra Pharmaceuticals plc
- Ceva Santé Animale
- Hipra
- Vetoquinol SA
- Virbac SA
- Phibro Animal Health Corp.
- Merck & Co. Inc.
- Elanco Animal Health Inc.
- Zoetis Inc.
- Boehringer Sohn AG & Ko. KG
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Animal Antibiotics and Antimicrobials Market, by Region, 2018-2027 (USD Billion)
1.2.2. Animal Antibiotics and Antimicrobials Market, by Type of Product, 2018-2027 (USD Billion)
1.2.3. Animal Antibiotics and Antimicrobials Market, by Mode of Delivery, 2018-2027 (USD Billion)
1.2.4. Animal Antibiotics and Antimicrobials Market, by Animal Type, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Animal Antibiotics and Antimicrobials Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Animal Antibiotics and Antimicrobials Market Dynamics
3.1. Animal Antibiotics and Antimicrobials Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Animal Antibiotics and Antimicrobials Market: Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Animal Antibiotics and Antimicrobials Market, by Type of Product
5.1. Market Snapshot
5.2. Global Animal Antibiotics and Antimicrobials Market by Type of Product, Performance - Potential Analysis
5.3. Global Animal Antibiotics and Antimicrobials Market Estimates & Forecasts by Type of Product 2017-2027 (USD Billion)
5.4. Animal Antibiotics and Antimicrobials Market, Sub Segment Analysis
5.4.1. Tetracyclines
5.4.2. Penicillin
5.4.3. Sulfonamide
5.4.4. Macrolides
5.4.5. Aminoglycosides
5.4.6. Lincosamide
5.4.7. Fluoroquinolones
5.4.8. Cephalosporins
5.4.9. Other Antimicrobials and Antibiotics
Chapter 6. Global Animal Antibiotics and Antimicrobials Market, by Mode of Delivery
6.1. Market Snapshot
6.2. Global Animal Antibiotics and Antimicrobials Market by Mode of Delivery, Performance - Potential Analysis
6.3. Global Animal Antibiotics and Antimicrobials Market Estimates & Forecasts by Mode of Delivery 2017-2027 (USD Billion)
6.4. Animal Antibiotics and Antimicrobials Market, Sub Segment Analysis
6.4.1. Premixes
6.4.2. Oral Powder
6.4.3. Oral Solution
6.4.4. Injection
6.4.5. Others
Chapter 7. Global Animal Antibiotics and Antimicrobials Market, by Animal Type
7.1. Market Snapshot
7.2. Global Animal Antibiotics and Antimicrobials Market by Animal Type, Performance - Potential Analysis
7.3. Global Animal Antibiotics and Antimicrobials Market Estimates & Forecasts by Animal Type 2017-2027 (USD Billion)
7.4. Animal Antibiotics and Antimicrobials Market, Sub Segment Analysis
7.4.1. Food-Producing Animals
7.4.2. Companion Animals
Chapter 8. Global Animal Antibiotics and Antimicrobials Market, Regional Analysis
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