Global Animal Antibiotics and Antimicrobials Market Analysis - Product Type, Delivery Type, Type of Animals, Company Analysis, Regional and Country Analysis (2017-2022)

Date: 29 November 2017

Globally, the growth of the Animal Antibiotics & Antimicrobials market is driven by increasing trend of pet humanization resulting in higher pet ownerships coupled with increasing animal health awareness, significant improvement in animal healthcare facilities and rising demand for animal derived food products which is propelling the growth of the Animal Antibiotics & Antimicrobials market worldwide. Moreover, the market is getting consolidated in terms of recent mergers and acquisition where the major players are strengthening their product portfolios and expanding their geographical reach.

According to Azoth Analytics research report, "Global Animal Antibiotics and Antimicrobials Market Analysis - Product Type, Delivery Type,  Type of Animals, Company Analysis, Regional and Country Analysis (2017-2022) – By Product Type (Penicillins, Fluoroguinolones, Aminoglycosides, Tetracyclines, Fluoroguinolones, Macrolides, Sulfonamides, Lincosamides, Cephalosporins, Others), By Delivery Type (Premixes, Oral Powder, Oral Solution, Injections and Others), By Type of Animals (Farm Animals, Companion Animals)”, is projected to exhibit a CAGR of over ~4.24% during 2017 – 2022, largely driven by the increase in spending of pet owners towards their pet health, growing demand for animal derived protein resulting in increasing farm sizes and animal population. It has been estimated by OECD that the consumption of meat will be 373 million metric tons by 2030 and 465 million tons by 2050 resulting in higher meat production. Many countries are shifting their focus to integrate meat production as a part of mainstream economic activity resulting in expanding farm sizes for the purpose of exports. 

Generally, the risk of spread of zoonotic diseases increases with rising pet ownership and growing demand for animal derived food products resulting in the increasing usage of antibiotics & antimicrobials to prevent the further spread of the disease. 

APAC is predicted to grow at higher rate during the year 2017-2012F, which is mainly driven by the increase in ownership of pets along with the rising demand for animal derived food products and growing preference for better animal healthcare products.

Tetracycline accounts for 43.85% of global animal antibiotics & antimicrobials market and anticipated to grow at significant rate during forecast period owing to the applicability to farm as well as companion animals along with the multi-purpose usage. Premixes accounts for more than x% of the total animal antibiotics & antimicrobials market and expected to continue dominating the global market during the forecast period with positive growth rate. 
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