Market Analysis and Insights: Global Feed Antibiotics Market
Feed Antibiotics Market By Type (Tetracyclines, Penicillins, Sulfonamides, Macrolides, Aminoglycosides, Cephalosporins, Others), Animal Type (Ruminant, Poultry, Swine, Aquaculture, Horses, Pets, Others), Mode of Delivery (Premixes, Oral Powder, Injection), End-User (Veterinary Hospitals, Homecare, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Global feed antibiotics market is expected to register a steady CAGR of 4.01% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Increasing animal disease is the major factor for the growth of the market.
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Market Definition: Global Feed Antibiotics Market
Antibiotics are used in the treatment of bacterial infections. Less amount of antibiotics are added in animal feed for upholding their growth to produce more amount of milk or meat within less time. Some antibiotics are used in livestock and poultry feed which includes bacitracin, neomycin sulfate, oxytetracycline, tylosin, chlortetracycline, procaine penicillin and others. India has 11.6% of the world’s livestock population. In India, about 82.0% of antibiotics are used in animal feed and this will rise by 2030.
Competitive Analysis:
Global feed antibiotics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of feed antibiotics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers
• Growing Industrialization of livestock industry is driving the market growth
• Increasing expansion of the meat market may propel the growth of the market
• Altering demographics is boosting the market growth in the forecast period
• Rising animal disease is driving the growth of the market
Market Restraints
• Competition for raw materials with other industries may hamper the market growth
• Price fluctuation of agri-commodities is restraining the growth of the market
• Stringent regulation and ban in some markets will limit the market growth in the forecast period
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Segmentation: Global Feed Antibiotics Market
By Type
o Tetracyclines
o Penicillins
o Sulfonamides
o Macrolides
o Aminoglycosides
o Cephalosporins
o Others
By Animal Type
• Ruminant
• Poultry
• Swine
• Aquaculture
• Horses
• Pets
• Others
Mode of Delivery
• Premixes
• Oral Powder
• Injection
By End-User
o Veterinary Hospitals
o Homecare
o Others
By Geography
• North America
o U.S.
o Canada
o Mexico
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Key Developments in the Market:
• In November 2018, Chinese government has announced the launch of a trial program which is focused on minimizing the use of antibiotics in the livestock feed by 2020. This implementation of new policy will directly influence the feed industry. The main aim is to eradicate the antibiotic uses. This launch will bring opportunities to upgrade animal health, general livestock-farming industries and China’s feed
• In October 2016, Biomin will launch novel phytogenic product as the company sees huge opportunity in the phytogenic market such as antibiotic reduction and feed efficiency. This product will help to reduce medicinal costs and will improve growth performance. With this launch the company wants to become market leader in phytogenic by 2020
Key Market Competitors:
Few of the major competitors currently working in global feed antibiotics market are Bayer AG, Boehringer Ingelheim International GmbH, Zomedica Pharmaceuticals Corp. and Zomedica Pharmaceuticals Inc, Sanofi, LG Chem, American Regent, Inc., Novartis AG, Virbac, Eli Lilly and Company, Ceva, Abbott, Pfizer Inc., F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc, Bristol-Myers Squibb Company, Elanco., Intervet Inc., Zoetis Services LLC., Eco Animal Health and FUJIFILM Corporation among others.
Research Methodology: Global Feed Antibiotics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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