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What Will be the Market Size and Growth rate of the Animal Antibiotics and Antimicrobials Market?
The animal antibiotics and antimicrobials market size has witnessed strong growth in recent years and this trend is expected to continue. It is predicted to grow from $5.29 billion in 2024 to $5.65 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth during the historic period can be attributed to disease outbreaks, livestock production growth, regulatory policies, and increasing consumer awareness.
Furthermore, the animal antibiotics and antimicrobials market size is projected to reach $7.53 billion by 2029 at a CAGR of 7.4%. Factors such as emerging diseases, global population growth, regulatory changes, and increasing public health concerns are expected to drive this growth. Major trends in the forecast period include alternative solutions, collaborative initiatives, customized treatment plans, increasing investments in research, and the integration of blockchain technology.
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What Are the Key Growth Drivers for Animal Antibiotics and Antimicrobials Market?
The rising demand for animal-derived food products is predominantly driving the growth of the animal antibiotics and antimicrobials market. Animal-derived foods such as milk, meat, and eggs play a significant role in human diet and companies involved in the production of these foods are increasingly focusing on developing a healthy and disease-free herd. The use of animal antibiotics and antimicrobials on a precautionary basis is a key strategy towards achieving this goal.
What Are the Major Segments of Animal Antibiotics and Antimicrobials Market?
1) By Type of Product: Tetracyclines, Penicillin, Sulfonamides, Macrolides, Aminoglycosides, Lincosamides, Fluoroquinolones, Cephalosporins, Other Antimicrobials And Antibiotics
2) By Mode of Delivery: Premixes, Oral Powder, Oral Solution, Injection, Other Modes Of Delivery
3) By Animal Type: Food-Producing Animals, Companion Animals
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Who Are the Major Players in the Animal Antibiotics and Antimicrobials Market?
Major companies operating in the Animal Antibiotics and Antimicrobials market include C. H. Boehringer Sohn AG & Co. KG, Zoetis Inc., Elanco Animal Health Inc., Merck & Co. Inc., among others.
What are the Emerging Trends in the Animal Antibiotics and Antimicrobials Market?
Strategic partnerships between relevant industry players for the research and development of innovative animal antibiotics and antimicrobials is a key trend gaining popularity in this market.
Which Region is the Fastest Growing in the Animal Antibiotics and Antimicrobials Market?
North America was the largest region in the animal antibiotics and antimicrobials market in 2024, however Asia-Pacific region is expected to witness the fastest growth in the forecast period.
What Does the Animal Antibiotics and Antimicrobials Market Report 2025 Offer?
Animal antibiotics and antimicrobials refer to veterinary medications that work against bacteria or microorganisms by either killing or limiting their growth. Used to treat clinical diseases, to prevent or control common disease events, and to enhance animal growth, this market is expected to see significant growth. The Animal Antibiotics and Antimicrobials Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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