Home > Animal Health & Nutrition > Veterinary Pharmaceuticals > Animal Antibiotics and Antimicrobials Market
Animal Antibiotics And Antimicrobials Market size was valued at more than USD 4.6 billion in 2022 and is estimated to witness 4% CAGR from 2023-2032. Increased adoption of antibiotics and antimicrobials in animals worldwide coupled with increasing demand for animal derived food products and growing incidences of diseases in animals led the market growth.
The animal-derived food products such as milk, eggs, meat, and other act a major source of nutrition and plays a prominent role in the human diet. The companies involved in the production of animal-derived food are focusing on developing healthy herd or disease-free herd through utilization of animal antibiotics and antimicrobials on precautionary basis.
Report Attribute | Details |
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Base Year: | 2022 |
Animal Antibiotics and Antimicrobials Market Size in 2022: | USD 4.6 billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 4% |
2032 Value Projection: | USD 6.7 billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 357 |
Segments covered: | Product Type, Mode of Delivery, Animal Type, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The Packaged Facts report on Global Meat & Poultry trends, the 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%.
The rising demand for zoonotic diseases, such as SARS-CoV-2-induced Covid-19, has played a role in the global expansion of the animal antibiotics and antimicrobials market. There has been a rise in the demand for animal-derived food products, and the execution of rules on the prevention of disease transmission among animals in recent years.
There has been rising concerns regarding the health of animals. The rising animal healthcare spending and the growing demand for pet insurance will lead to high demand for animal pharmaceuticals including antibiotics and antimicrobials, which is the most significant factor driving the revenue for this market. Increasing initiatives concerning animal health and welfare along with increasing incidence of zoonotic diseases are also expected to accelerate the overall progression of the market.
Furthermore, the surging demand for dairy products, and subsequent rise in livestock population facilitated by organized farming which will further expand the animal antibiotics antimicrobials market's growth rate in the future.
The animal antibiotics and antimicrobials market by product type is segmented into tetracyclines, penicillin, sulphonamides, macrolides, aminoglycosides, lincosamides, fluoroquinolones, cephalosporins, and other antibiotics & antimicrobials. The tetracyclines segment accounted for over 42.6% share of the animal antibiotics and antimicrobials in 2022.
Tetracyclines exhibit advantages such as the highest potency against pathogenic microorganisms, are well-absorbed, show low toxicity, and are relatively inexpensive compared to other animal antimicrobial and antibiotic products. These advantages contribute to the large share of this product segment.
The animal antibiotics and antimicrobials market is classified into livestock and companion animals. In 2022, the livestock animals segment held largest share of 57.9% in the market. The rising demand for animal-derived food products and the implementation of regulations to prevent the spread of animal diseases are also projected to cushion the growth of the market.
The market is segmented into Premixes, Oral Powders, Oral Solutions, Injections. The Premixes segment is estimated to witness the highest market share for the forecast period. The factor that can be attributed to the growth of the segment is associated with the ease with which it can be given to the animals.
Asia Pacific animal antibiotics and antimicrobials market region is expected to showcase highest growth rate during the forecast period. The high growth rate of Asia Pacific region can be attributed to the rise in the region’s animal population, increasing demand for animal-derived food products, growth in pet insurance, and growing animal health expenditure compared to other regions.
The animal antibiotics and antimicrobials market consists of several players including:
to maintain a competitive edge in the industry.
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By Product Type,
By Mode of Delivery,
By Animal Type,