Global increase in livestock and animal products demand is expected to drive animal antimicrobials and antibiotics market growth over the next seven years. Tetracycline is expected to witness higher growth rates over the forecast period among other product types such as macrolides, cephalosporin, quinolones, penicillin, amino glycosides and sulphonamides. Rising animal protein demand coupled with growing livestock production particularly in Asia Pacific is anticipated to drive market growth. Growing animal diseases outbreak and high transmission risk is slated to complement animal antimicrobials and antibiotics market growth over the forecast period.
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Increasing animal health and welfare initiatives is expected to positively influence demand. Rapidly growing meat industry owing to increasing non vegan population and rising dairy products demand is slated to propel market growth. Easy cheap substitutes availability, increasing resistance to antibiotics and price fluctuations is expected to hinder animal antimicrobials and antibiotics market growth and pose challenges to industry participants over the forecast period. Stringent regulations by governing bodies such as U.S. Food & Drug Administrator (FDA) are expected to slow down demand. Hygienic husbandry practices resulting in reduced antibiotics usage is expected to obstruct demand and pose challenges to industry participants. Novel technologies invention is projected to offer growth prospects to industry participants over the forecast period.
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North America is projected to be key regional market owing to urbanization, high disposable income and surging animal related products demand in the region. Emerging economies such as Asia Pacific and Middle East & Africa are expected to witness considerable increase in demand over the forecast period owing to rapid end-use industries applications in countries such as China, India, Japan, Thailand, Indonesia, Vietnam, Malaysia, Saudi Arabia, Qatar and UAE. Growing animal companion ownership trend is anticipated to positively impact market growth in the Asia Pacific and middle East & Africa.
Major players operative in animal antimicrobials and antibiotics market include Sanofi, Zoetis Inc., Vetoquinol, Boehringer Ingelheim, Ceva Sante Animale, Bayer AG, Merck And Co., Inc., Virbac SA, Eli Lilly And Company. Other prominent industry participants include Novartis AG, Bioniche Animal Health, Fort Dodge Animal Health, Merial, Phibro Animal Health Corp. and Elanco Animal Health.
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