The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s animal antibiotics and antimicrobials market report forecasts the animal antibiotics and antimicrobials market size to grow to $6.95 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

Learn More On The Animal Antibiotics and Antimicrobials Market Report 2023 – https://www.thebusinessresearchcompany.com/report/animal-antibiotics-and-antimicrobials-global-market-report

Animal Antibiotics and Antimicrobials Market Size Forecast
The global animal antibiotics and antimicrobials market is expected to grow from $4.68 billion in 2022 to $5.07 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The animal antibiotics and antimicrobials market size is expected to grow to $6.95 billion in 2027 at a CAGR of 8.2%.

North America held the largest animal antibiotics and antimicrobials market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Animal Antibiotics and Antimicrobials Market Driver ­– Rise In Demand For Animal-Derived Food Products
According to the data published in the Packaged Facts report on Global Meat & Poultry trends, global meat and poultry consumption is expected to reach 313 million metric tons in 2023, at a year-on-year growth rate of 1.4%. Therefore, increasing demand for animal-derived food products is expected to boost demand for animal antibiotics and antimicrobials during forecast period.

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Key Animal Antibiotics and Antimicrobials Market Trend – Strategic Partnership
The companies operating in animal antibiotics and antimicrobial sector are entering into strategic partnerships with relevant industry players for the research and development of innovative animal antibiotics and antimicrobials. In May 2022, Gnubiotics Sciences, a Switzerland-based biotech company working to solve microbiome-related health conditions in humans and animals, entered into a partnership with ADM, a US-based developer of human and health nutrition solutions, for commercializing new microbiome solutions for companion animal health and wellbeing.

Animal Antibiotics and Antimicrobials Market Segment
1) By Type of Product: Tetracyclines, Penicillins, 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

Animal Antibiotics and Antimicrobials Market Major Players and Strategies
Major players in the animal antibiotics and antimicrobials market are 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, and Phibro Animal Health Corp.

In August 2020, Elanco, a US-based pharmaceutical company that manufacturers medicines and vaccinations for pets and livestock, acquired Bayer’s animal health business unit for $6.89 billion. With this acquisition, Elanco will improve its research and development pipeline and broaden its range of animal health products. Bayer’s animal health business unit is a Germany-based pharmaceutical and life sciences company.

The Animal Antibiotics and Antimicrobials Global Market Report 2023 covers regional data on animal antibiotics and antimicrobials market size, animal antibiotics and antimicrobials market trends and drivers, opportunities, strategies, and animal antibiotics and antimicrobials market competitor analysis. The countries covered in the animal antibiotics and antimicrobials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The animal antibiotics and antimicrobials refer to veterinary medications that work against bacteria or microorganisms by either killing bacteria/microorganisms or limiting their development and multiplication. These medications are used in animals to treat clinical diseases, to prevent or control common disease events, and enhance animal growth.

View More Reports Related To The Animal Antibiotics and Antimicrobials Market –
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Veterinary Antibiotics Global Market Report 2023
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