Animal Antimicrobials and Antibiotics to Witness High Sales Due to Rising Demand for Animal Protein Products
The increasing demand for livestock products will aid the expansion of the market. Also, rising awareness about various diseases threatening animals is aiding in the growth of this market. However, the use of in-feed enzymes and stringent regulations are limiting the growth of this market. The increasing demand for pets and their spending towards health insurance is creating growth opportunities for the market.
Economic Expansion to Offer Major Growth Opportunities in Developing Nations
Regionally, the global animal antimicrobials and antibiotics market covers North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East and Asia. Among these regions North America and Europe currently lead the market. North America leads the global animal antimicrobials and antibiotics market as the region witnesses a higher occurrence of animal diseases outbreak, excessive livestock product consumption, high companion animal ownership, and increased awareness for animal diseases outbreaks.
Asia-Pacific is the fastest growing region in the global animal antimicrobials and antibiotics market. Growth witnessed in this region is attributed to increasing livestock population, growing demand for animal antimicrobials, and high incidence of animal diseases. Moreover, the Asia-Pacific animal antimicrobials and antibiotics market is growing, due to increasing disposable income and companion animal ownership, and increasing government involvement in countering animal diseases outbreaks in the emerging countries, such as India and China.
Rising Awareness among Consumers will Stoke Growth Opportunities
Growing urbanization, increasing disposable income and increasing demand for animals as a pet are encouraging growth in the animal antimicrobials and antibiotics market. Increasing animal disease outbreaks are touted to play a key role in aiding expansion of the global animal antimicrobials and antibiotics market. Growing livestock population is anticipated to further assist the animal antimicrobials and antibiotics market.
Awareness on animal illness and other diseases spread in animals and livestock which makes it difficult to have animal-based products edible for human use is leading towards animal antimicrobials and antibiotics to cure these illnesses in animals and
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How Growth will Unfold
Globally consumers have not only become more aware about healthy living and eating, but have a higher disposable income supporting their willingness to spend on animal antibiotics to treat their animals from illness and make them healthy. Rise in demand for animal protein products is projected to aid the global market. Increasing initiatives concerning animal health and welfare are expected to aid the overall global market for animal antimicrobials and antibiotics market.
Increasing animal disease outbreaks are touted to play a key role in complimenting the global animal antimicrobials and antibiotics market. Growing livestock population is anticipated to further assist the animal antimicrobials and antibiotics market.
ANIMAL ANTIMICROBIALS AND ANTIBIOTICS MARKET TAXONOMY
The global Animal Antibiotics and Antimicrobials Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Other Antimicrobials and Antibiotics
Mode of Delivery
- Oral Powders
- Oral Solutions
- Food-producing Animals
- Companion Animals
- North America
- Latin America
- East Asia
- South Asia