Animal Antibiotics and Antimicrobials Global Market to Reach $5.26 Billion by 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Animal Antibiotics and Antimicrobials Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
“Animal Antibiotics and Antimicrobials Global Market Report 2022”
The global animal antibiotics and antimicrobials market is expected to grow from $4.23 billion in 2021 to $4.49 billion in 2022 at a compound annual growth rate (CAGR) of 6.11%. The market is expected to grow to $5.26 billion in 2026 at a compound annual growth rate (CAGR) of 4.04%.
North America was the largest region in the animal antibiotics and antimicrobials market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the animal antibiotics and antimicrobials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rising demand for animal-derived food products is driving the growth of the animal antibiotics and antimicrobials market. Animal-derived food products such as milk, eggs, meat, and other act a major source of nutrition and plays a prominent role in human diet. The companies/institutions involved in production of animal-derived foods are focusing on developing healthy herd or disease-free herd through utilization of animal antibiotics and antimicrobials on precautionary basis.
According to the data published in the Packaged Facts report on Global Meat & Poultry trends, global meat and poultry consumption is expected to reach 313 million metric tons in 2023, at a year-on-year growth rate of 1.4%. Therefore, increasing demand for animal-derived food products is expected to boost demand for animal antibiotics and antimicrobials during forecast period.
Strategic partnership is a key trend gaining popularity in the animal antibiotics and antimicrobials market. The companies operating in animal antibiotics and antimicrobial sector are entering into strategic partnerships with relevant industry players for the research and development of innovative animal antibiotics and antimicrobials. In May 2022, Gnubiotics Sciences, a Switzerland-based biotech company working to solve microbiome-related health conditions in humans and animals, entered into a partnership with ADM, a USA-based developer of human and health nutrition solutions, for commercializing new microbiome solutions for companion animal health and wellbeing.
In August 2020, Elanco, a USA-based pharmaceutical company that manufacturers medicines and vaccinations for pets and livestock, acquired Bayer's animal health business unit for $6.89 billion. With this acquisition, Elanco will improve its research and development pipeline and broaden its range of animal health products. Bayer's animal health business unit is a Germany-based pharmaceutical and life sciences company.
Scope
Markets Covered:
1) By Type of Product: Tetracyclines; Penicillins; Sulfonamides; Macrolides; Aminoglycosides; Lincosamides; Fluoroquinolones; Cephalosporins; Other Antimicrobials and Antibiotics
2) By Mode of Delivery: Premixes; Oral Powder; Oral Solution; Injection; Others
3) By Animal Type: Food-Producing Animals; Companion Animals
Key Topics Covered:
1. Executive Summary
2. Animal Antibiotics and Antimicrobials Market Characteristics
3. Animal Antibiotics and Antimicrobials Market Trends And Strategies
4. Impact Of COVID-19 On Animal Antibiotics and Antimicrobials
5. Animal Antibiotics and Antimicrobials Market Size And Growth
6. Animal Antibiotics and Antimicrobials Market Segmentation
7. Animal Antibiotics and Antimicrobials Market Regional And Country Analysis
8. Asia-Pacific Animal Antibiotics and Antimicrobials Market
9. China Animal Antibiotics and Antimicrobials Market
10. India Animal Antibiotics and Antimicrobials Market
11. Japan Animal Antibiotics and Antimicrobials Market
12. Australia Animal Antibiotics and Antimicrobials Market
13. Indonesia Animal Antibiotics and Antimicrobials Market
14. South Korea Animal Antibiotics and Antimicrobials Market
15. Western Europe Animal Antibiotics and Antimicrobials Market
16. UK Animal Antibiotics and Antimicrobials Market
17. Germany Animal Antibiotics and Antimicrobials Market
18. France Animal Antibiotics and Antimicrobials Market
19. Eastern Europe Animal Antibiotics and Antimicrobials Market
20. Russia Animal Antibiotics and Antimicrobials Market
21. North America Animal Antibiotics and Antimicrobials Market
22. USA Animal Antibiotics and Antimicrobials Market
23. South America Animal Antibiotics and Antimicrobials Market
24. Brazil Animal Antibiotics and Antimicrobials Market
25. Middle East Animal Antibiotics and Antimicrobials Market
26. Africa Animal Antibiotics and Antimicrobials Market
27. Animal Antibiotics and Antimicrobials Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Animal Antibiotics and Antimicrobials Market
29. Animal Antibiotics and Antimicrobials Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
Boehringer Ingelheim
Zoetis Inc.
Elanco Animal Health
Merck & Co. Inc.
Phibro Animal Health
For more information about this report visit https://www.researchandmarkets.com/r/n88u5h
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