Comprehensive Analysis of the Veterinary Antibiotics Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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How has the veterinary antibiotics market size evolved in recent years?
The market size for veterinary antibiotics has witnessed a sharp expansion in the last few years. The projected growth is from $2.47 billion in 2024 and is expected to reach $2.72 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.2%. The reasons for this growth during the historical period include an uplift in pet expenditure and a scarcity of generic drugs.
What are the predictions for the veterinary antibiotics market size in the coming years?
The market for plant breeding and CRISPR plants is predicted to experience accelerated expansion in the coming years. It is projected to reach a value of $26.65 billion by 2029, growing at a compound annual growth rate (CAGR) of 14.3%. The upward trend during the forecast period is because of factors such as the surge in R&D investment, increasing demand for organic and non-GMO items, the prevalence of climate-smart agriculture, an uptick in plant-based diets, and global water shortages. Key trends expected during this forecast period include the development of tailored crop varieties, the incorporation of blockchain technology, the modification of multiple traits, implementing AI and machine learning in breeding, and digital phenotyping.
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What key factors are fueling the growth of the veterinary antibiotics market?
The veterinary antibiotics market is being driven by an uptick in the occurrences of zoonotic diseases. Zoonotic infections, which are transmitted from animals to humans, are caused by bacteria, viruses, and parasites. Salmonella and campylobacter, two prevalent zoonotic pathogens, are found in the gut of animals. The risk to humans lies in the transfer of such diseases through the food chain. Research by FoodNet (Centers for Disease Control and Prevention, USA) reveals that zoonotic diseases are responsible for 24,484 foodborne illnesses, 5,677 hospital admissions, and 122 fatalities. Moreover, the US sees the highest rates of infectious diseases per 100,000 inhabitants, with illnesses such as campylobacter, salmonella, and shigella topping the list. Hence, early detection of these diseases in animals is pivotal, a fact that is significantly propelling the veterinary antibiotics market.
How is the global veterinary antibiotics market divided into key segments?
The veterinary antibiotics market covered in this report is segmented –
1) By Product: Anti-parasitic, Anti-bacterial, Non-steroidal anti-inflammatory drug, Others
2) By End User: Farm Animals , Companion Animals
3) By Administration: Premixes, Injections, Oral Powders, Oral Solutions, Others
Subsegments:
1) Anti-Parasitic: Endoparasiticides, Ectoparasiticides
2) Anti-Bacterial: Tetracyclines, Penicillins, Macrolides, Aminoglycosides, Sulfonamides
3) Non-Steroidal Anti-Inflammatory Drug (Nsaid): Carprofen, Meloxicam, Aspirin
4) Others: Antifungal, Antiviral
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Who are the key firms paving the way for growth in the veterinary antibiotics market?
Major companies operating in the veterinary antibiotics market include Boehringer Ingelheim GmbH, Zoetis, Inc., Merck & Co., Inc., Elanco Animal Health Incorporated, Vetoquinol S.A., Phibro Animal Health Corporation, Kyoritsu Seiyaku Corporation, Dechra Pharmaceuticals plc, Bayer Animal Health China, China Animal Healthcare Ltd., China Animal Husbandry Industry Corporation Ltd. (CAHIC), Guangdong Wens Dahuanong Biotechnology Co. Ltd., IDEXX Laboratories, Merial Pulike Biological Engineering, Ceva Santé Animale, Nimrod Veterinary Products Ltd., Bimeda, VIRBAC SA, Orion Animal Health, Laboratorios Calier, SA, Petmedix, Eco Animal Health, Teknofarma, Farmavet, Candioli Pharma, Suanfarma, Marino Ibericamed, MPA veterinary, Lamons Laboratories SA, SUPER’S DIANA, Swetrade Pharmaceuticals AB, Animalcare, VIC Animal Health, AVZ animal health, Provet Group, VitOMEK LCC, Micro-plus, Biowet, Bioveta, Brovapharma, Evrovet, Ukrvetprompostach, VELELEK d.o.o, Veterinarski Zavod Subotica, VetPlanet, Delos Medica, Vetro Solutions, Belfarmacom, IDT Biologika, UCBVET, Syntec, Sauvet, Vetanco, Chemo Argentina, Brouwer, Agrovet Market Animal Health, Lemavet, Saudi Pharmaceutical Industries (SPI), DBK Pharma S.A.E.
Which trends are expected to transform the veterinary antibiotics market?
An escalating trend in the veterinary antibiotics market is the growing cooperation among companies. This partnership allows businesses to fuse technologies and work with an expanded, diversified product line, enhancing antibiotic quality and production speed. Consequently, the focus of companies in the veterinary antibiotics market has turned to these collaborations. For example, GlobalVetLink, a US firm specializing in software services and data solutions for animal care, joined forces with Veterinary Innovative Partners in September 2022. Their collaboration aimed to implement the GlobalVetLink Compliance Assistant, a comprehensive SaaS platform designed to streamline animal health.
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What regions are contributing significantly to the growth of the veterinary antibiotics market?
North America was the largest region in the veterinary antibiotics market in 2024. Asia-Pacific was the second-largest region in the global veterinary antibiotics market share. The regions covered in the veterinary antibiotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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