The global animal antibiotics and antimicrobials market is estimated to grow at a CAGR of 4.6% from 2016 to 2021, to reach USD 4.73 billion by 2021 from USD 3.77 billion in 2016.
The growth of this market is mainly attributed to rising demand for animal-derived food products, growing demand for pet insurance and rising animal health expenditure, and increasing incidences of zoonotic diseases. In addition, the implementation of the regulations for preventing the spread of animal diseases and increasing awareness about animal healthcare are further expected to drive the growth of this market. However, growing resistance to the antibiotic and antimicrobial agents, dearth of new antibiotics, and replacement of routine prophylactic use of antibiotics by good husbandry and hygiene practices may hinder the growth of this market to certain extent. Untapped emerging market such as China, India offers significant growth opportunities.
In 2015, North America commanded a major share of the animal antibiotics and antimicrobials market. This is mainly due to the increasing adoption of companion animals, growing pet insurance industry, increasing demand for animal-derived food products, and rising veterinary healthcare expenditure in the region. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period. Growth in the Asia-Pacific market can be attributed to rising companion animal population and increase in the demand for animal-derived food products.
- Bayer AG
- Boehringer Ingelheim GmbH
- Ceva Sante Animale
- Dechra Pharmaceuticals PLC
- Eli Lilly and Company
- Merck & Co., Inc.
- Vetoquinol S.A.
- Zoetis, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Animal Antimicrobials and Antibiotics Market, By Product
8 Animal Antimicrobials and Antibiotics Market, By Mode of Delivery
9 Animal Antimicrobials and Antibiotics Market, By Type of Animal
10 Animal Antimicrobials and Antibiotics Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/93lmw8/animal
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