The global animal antibacterial and antibiotics market will grow at a CAGR of almost 6% by 2020, thanks to the growing administration of Tetracyclines
Technavio’s infections and rare diseases portfolio has announced its latest market research report on animal antibacterial and antibiotics for the forecast period, 2016-2020. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global animal antibacterial and antibiotics market during the forecast period. Some of the top vendors listed in this industry analysis include Zoetis, Merck Animal Health, Merial, Elanco, and Bayer HealthCare.
Among all the geographical regions, the Americas will be the fastest-growing region in the global market, contributing to around $2 billion by 2020. The reason behind the increasing dominance of this region in the global market is the high prevalence of zoonotic diseases and increase in the awareness of animal healthcare.
“Industry-academia collaborations is the latest trend that is growing popular in this market. To develop novel products, several academic institutions and leading companies in the market are increasingly collaborating and forming alliances. For instance, in July 2013, The Roslin Institute at the University of Edinburgh and Zoetis collaborated to jointly investigate the entry route, mechanism of persistence in cattle, and beef contamination by Salmonella. These collaborations lead to an intelligent mix of research expert of institutes and marketing intelligence of corporates,” says Sapna Jha, a lead analyst at Technavio for research on infections and rare diseases.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Demand for protein-rich diet
A large percentage of the human population globally consume animal products such as milk, eggs, and meat. This rise in population is a strong factor fueling the demand for animal-based food. Rapid urbanization has led to the rise in disposable income and change in consumption pattern of an individual, especially the middle-class segment. People now prefer more of protein rich diet, which is boosting the demand for protein rich products such as animal-based meat and related food items such as milk, egg, and dairy products. The growing consumption requires maximum output from animal produce, which has resulted in the rapid increase in healthy, protein-rich, and disease-free animal products. Such preconditions increase the growth prospects of animal care products market as animal owners want to use them effectively to enhance the overall productivity.
Rise in incidences of zoonotic diseases
Zoonotic diseases are mainly caused by the consumption of food obtained from an infected animal, which increases the risk of pathogen transfer from animals to humans. They spread between animals and humans through parasite, viruses, fungi, and bacteria. Animals get infected by this disease due to the high stocking densities in feedlots, long transportation times, and poor hygienic conditions at slaughterhouses. Moreover, to meet the growing demands of the market, the vendors are producing more products in the limited space. This leads to an inadequate space and hygiene for the animals. The increase in the consumption of meat, also increases the chance of exposure to food-borne pathogens, and surges the risk of acquiring these diseases. Owing to all these factors, regulatory agencies such as European Food Safety Authority have emphasized the need for effective disease management to obtain disease-free animal products suitable for human consumption. The disease can be kept at bay through effective treatment of the infected animal by using animal health products, such as animal pharmaceuticals. Besides this, to keep the hygiene of the animals intact, the farm and animal owners must use antibacterial drugs. As the demand for animal food and their products is growing, the use the use of antibacterial and antibiotics will keep going up, thereby boosting the market growth.
Increase in animal ownership
The demand for animal care products such as antibacterial and antibiotics is also driven by the increase in the growing trend of pet ownership. Most of the people treat their pets as family members which calls for the need of taking prime care of pet’s health. Moreover, with so many pet activities, especially animal participation in sports, demands for the proper care of these animals to ensure optimal performance. These factors have increased the demand for antibiotics which are intended to enhance the quality life of these animals. Advancements in veterinary therapeutics and preventive medicines supplemented by an increase in disposable income have propelled the demand for better care for pets and livestock.
Some of the other prominent vendors identified in this report are Animal Medics, Biogénesis Bagó, Bio-Vet, Boehringer Ingelheim Vetmedica, Ceva Santé Animale, Dechra Pharmaceuticals, ECO Animal Health, Huvepharma, Indian Immunologicals, Lillidale Animal Health, Mobedco-Vet (The Arab Pesticides & Veterinary Drugs), Neogen, Norbrook, Orion, Phibro Animal Health, Vétoquinol, Virbac, and Vitafor.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Animal Antibacterial and Antibiotics Market 2016-2020‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Animal Health Market in North America 2015 – 2019
- Global Pet Dietary Supplements Market 2016-2020
- Global Medicinal Feed Additives Market 2016-2020
- Global Trace Minerals for Animal Feed Market 2015-2019
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