Animal Antibiotics and antimicrobials market is estimated to grow at a CAGR of 4.6% from 2016 to 2021, to reach USD 4.73 billion by 2021 from USD 3.77 billion in 2016.
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Study on Animal Antibiotics and Antimicrobials Market highlights key players such as Zoetis, Inc. (U.S.), Eli Lilly and Company (U.S.), Merck & Co., Inc. (U.S.), Bayer AG (Germany), Boehringer Ingelheim GmbH (Germany), Virbac (France), Ceva Sante Animale (France), Vetoquinol S.A. (France), and Dechra Pharmaceuticals PLC (U.K.)
The animal antibiotics and antimicrobials market is expected to witness significant growth in the coming years, with a rising demand for animal-derived food products, increasing incidence of zoonotic diseases, and implementation of regulations for preventing the spread of animal diseases..
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However, dearth of new antibiotics, growing resistance to antibiotic and antimicrobial agents and replacement of routine prophylactic use of antibiotics by good husbandry and hygiene practices may hinder the growth of this market to a certain extent. Emerging markets such as China, India, and Latin American countries offer significant opportunities for the growth of animal antibiotics and antimicrobials market.
China and India are expected to witness highest growth during the forecast period of 2016-2021.
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Based on the type of product, the animal antibiotics and antimicrobials market is segmented into tetracyclines, penicillins, macrolides, aminoglycosides, sulfonamides, fluoroquinolones, lincosamides, cephalosporins, and other antimicrobials and antibiotics. On the basis of mode of delivery, the market is further segmented into premixes, oral powders, oral solutions, injections, and other modes of delivery.
Similarly, on the basis of type of animals the animal antibiotics and antimicrobials market is segmented into food-producing animals and companion animals. The food-producing animals segment accounted for the largest share of the animal antibiotics and antimicrobials market in 2015.
Key Points From Table Of Content:
7 Animal Antimicrobials and Antibiotics Market, By Product
7.1 Other Antimicrobials and Antibiotics
8 Animal Antimicrobials and Antibiotics Market, By Mode of Delivery
8.3 Oral Powders
8.4 Oral Solutions
8.6 Other Modes of Delivery
9 Animal Antimicrobials and Antibiotics Market, By Type of Animal
9.2 Food-Producing Animals
9.2.4 Sheep and Goats
9.2.5 Other Food-Producing Animals
9.3 Companion Animals
9.3.4 Other Companion Animals
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In addition to deep down segmentation provided in this report, itbriefs about the market dynamics including drivers, restraints, opportunities, challenges, and market trends. The report also covers the regulatory analysis for the production and marketing of the animal antibiotic and antimicrobial products.
In addition, this report highlights the growth strategies adopted by the major market players to garner larger share in the animal antibiotics and antimicrobials market.
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