Global Ruminant Feed Antibiotics Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Ruminant feed antibiotics refer to a kind of feed that contains a variety of additives and raw elements. These are used to treat clinical illness, prevent and manage common disease occurrences and improve animal growth. These are classified into three types of uses in animals: therapeutic, prophylactic and subtherapeutic.

Sizing and Forecast

The ruminant feed antibiotics market size has grown strongly in recent years. It will grow from $5.06 billion in 2023 to $5.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to livestock disease management, feed efficiency improvement, growth promotion, preventative measures in agriculture, veterinary prescriptions and practices..

The ruminant feed antibiotics market size is expected to see strong growth in the next few years. It will grow to $7.89 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to regulatory changes and restrictions, rise in alternative feed additives, consumer demand for antibiotic-free products, health and welfare concerns, industry initiatives for sustainable agriculture.. Major trends in the forecast period include shift towards antibiotic alternatives, precision feeding practices, focus on gut health, regulatory changes driving reduction, nutritional support solutions..

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Segmentation & Regional Insights

The ruminant feed antibiotics market covered in this report is segmented –

1) By Type: Tetracycline, Penicillin, Sulphonamides, Macrolides, Aminoglycosides, Cephalosporin, Other Types
2) By Animal Type: Dairy Cattle, Beef Cattle, Other Animal Types
3) By End-User: Dairy Farm, Veterinary Hospitals, Other End-Users

Asia-Pacific was the largest region in the ruminant feed antibiotics market in 2023. The regions covered in the ruminant feed antibiotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

Rising demand for dairy products is expected to propel the growth of the ruminant feed antibiotics market going forward. Dairy products are milk and any of the foods made from milk, such as butter, cheese, ice cream, yogurt and condensed and dried milk. Antibiotics in ruminant feed can improve animal performance, as antibiotics allow farmers to produce more milk with less feed input. Ruminant feed antibiotics are used to promote milk production in dairy cows. Some antibiotics cause the rumen bacteria colony (one of four stomachs in ruminant cattle) to produce more of the compounds required by cattle for growth. For instance, in February 2022, according to the United States Department of Agriculture (USDA), a US-based federal executive department for farming, forestry, rural economic development and food, milk fat consumption in the United States continued to rise in 2021, with domestic consumption on a milk-fat basis increasing each month compared to the same month in 2020, a total increase of 4.0 billion pounds. Additionally, domestic cheese consumption increased in 2021, reaching 13.0 billion pounds, a 2.7% gain over 2020. Domestic consumption of milk fat and skim milk solids also increased in 2022, by 0.8 billion pounds and 0.9 billion pounds, respectively. Therefore, the rising demand for dairy products is expected to propel the growth of the ruminant feed antibiotics market.

Key Industry Players

Major companies operating in the ruminant feed antibiotics market are increasing their focus on introducing broad-spectrum antibiotics to gain a competitive edge in the market. A broad-spectrum antibiotic is an antimicrobial drug that is effective against a wide range of bacteria, targeting both gram-positive and gram-negative species. For instance, in July 2022, Virbac, a France-based pharmaceutical company, launched Tenotryl (enrofloxacin) injectable solution in the United States, broadening its livestock health product portfolio. With FDA approval and 25 years of trust in the U.S. cattle and swine industry, Tenotryl is a broad-spectrum antibiotic available in 100, 250, and 500 mL vials. It is indicated for treating bovine respiratory disease (BRD) in beef and non-lactating dairy cattle and swine respiratory disease (SRD) in swine, associated with various pathogens.

The ruminant feed antibiotics market report table of contents includes:

1. Executive Summary

2. Ruminant Feed Antibiotics Market Characteristics

3. Ruminant Feed Antibiotics Market Trends And Strategies

4. Ruminant Feed Antibiotics Market – Macro Economic Scenario

 

5. Global Ruminant Feed Antibiotics Market Size and Growth

….

31. Global Ruminant Feed Antibiotics Market Competitive Benchmarking

32. Global Ruminant Feed Antibiotics Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Ruminant Feed Antibiotics Market

34. Ruminant Feed Antibiotics Market Future Outlook and Potential Analysis

35. Appendix

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