Animal Antibiotics and Antimicrobials Market Analysis

Animal Antibiotics and Antimicrobials Market Analysis

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.