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The global animal antibiotics and antimicrobials market is experiencing a substantial growth spurt, projected to escalate from $4.68 billion in 2022 to $5.07 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. Looking ahead, the market is poised to reach $6.95 billion in 2027 at a slightly reduced but robust CAGR of 8.2%. Let’s delve into the key drivers, players, and trends shaping this dynamic market.

Fueling Growth: The Demand for Animal-Derived Food Products

1. Rising Demand for Animal-Derived Food Products:
   • Animal-derived foods (milk, eggs, meat) are vital sources of nutrition in human diets.
   • Companies focus on cultivating healthy, disease-free herds using antibiotics and antimicrobials.
   • Global meat and poultry consumption expected to reach 313 million metric tons in 2023 (Packaged Facts).
2. Market Boost from Increased Food Product Demand:
   • Growing demand for animal-derived products propels the need for antibiotics and antimicrobials.
   • These products are utilized as preventive measures to ensure a healthy herd.

Major Players Steering the Course

1. Key Players in the Animal Antibiotics and Antimicrobials Market:
   • Boehringer Ingelheim
   • Zoetis Inc.
   • Elanco Animal Health
   • Merck & Co. Inc.
   • Phibro Animal Health
   • Vetoquinol SA
   • Lutim Pharma
   • Ceva Santé Animale
   • Dechra Pharmaceuticals PLC.
   • Kyoritsu Seiyaku
   • Huvepharma Inc.
   • Zydus
   • Indian Immunologicals Pvt. Ltd.
   • Bayer Animal Health
   • Virbac Animal Health
   • Phibro Animal Health Corp.

Innovations and Collaborations: Strategic Partnerships

1. Strategic Partnership Trend:
   • Companies in the sector are actively forming strategic partnerships for R&D of innovative antibiotics.
   • In May 2022, Gnubiotics Sciences and ADM partnered to develop microbiome solutions for companion animal health.
   • Focus on collaborative efforts to advance research and commercialize new solutions.

Segmentation for Precision

1. Market Segmentation:
   • By Type of Product:
     • Tetracyclines
     • Penicillins
     • Sulfonamides
     • Macrolides
     • Aminoglycosides
     • Lincosamides
     • Fluoroquinolones
     • Cephalosporins
     • Other Antimicrobials and Antibiotics
   • By Mode of Delivery:
     • Premixes
     • Oral Powder
     • Oral Solution
     • Injection
     • Other Modes of Delivery
   • By Animal Type:
     • Food-Producing Animals
     • Companion Animals

Regional Dynamics: North America Leading, Asia-Pacific Emerging

1. North America’s Dominance:
   • North America held the largest share in the animal antibiotics and antimicrobials market in 2022.
   • A mature market with established practices and high demand for animal-derived products.
2. Asia-Pacific: The Fastest-Growing Region:
   • Asia-Pacific is anticipated to be the fastest-growing region during the forecast period.
   • Evolving healthcare landscapes and increased awareness contribute to this region’s growth.

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The Animal Antibiotics and Antimicrobials Global Market Report 2023  provides a comprehensive overview on the animal antibiotics and antimicrobials market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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