Home > Animal Health & Nutrition > Veterinary Pharmaceuticals > Animal Antibiotics and Antimicrobials Market
Animal Antibiotics and Antimicrobials Market Size
- Report ID: GMI5608
- Published Date: May 2023
- Report Format: PDF
Animal Antibiotics and Antimicrobials Market Size
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 |
|---|---|
| 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: |
|
| Pitfalls & Challenges: |
|
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.
Frequently Asked Questions (FAQ) :
Animal Antibiotics and Antimicrobials Market Scope
