Global Animal Antibiotics and Antimicrobials Market: Overview
Globally the consumption of meat and seafood has grown drastically in the past couple of years. People nowadays prefer eating meat, pork, fish, and other animal products on regular basis. This rapid growth in the demand for these products has triggered growth in the global animal antibiotics and antimicrobials market.
The global animal antibiotics and antimicrobial market can be categorized on the basis of product, animal type, and mode of delivery. Based on product, the market is likely to be segmented into penicillins, cephalosporins, tetracyclines, sulfonamides, aminoglycosides, macrolides, lincosamides, fluoroquinolones, and other antibiotics and antimicrobials. Among these, tetracyclines segment is likely to lead the market over the forecast tenure.
The report elucidated on the key factors affecting the growth in the global animal antibiotics and antimicrobials market. Pros and cons have been discussed intensely couple with the going trends in this market. Opportunities created by players, manufactures, and other significant stakeholders are also presented in the report. Analysis is presented in descriptive as well as factual form based on factual knowledge. Crucial information about the market structure and competition is also presented in the report. Geographical insights relating to key market potential is a significant part of this report.
Global Animal Antibiotics and Antimicrobials Market: Trends and Opportunities
People across the globe are inclined towards owing pets. This is considered as a significant factor for the growth of the global animal antibiotics and antimicrobials. The demand for animal protein products has also boosted in the past couple of years. Changing trend for animal antibiotics and antimicrobials in countries like China, Brazil, and India has further augmented its demand. In addition, rising livestock population and rising incidence of epidemic of animal diseases created favorable conditions for this market.
On the contrary, stringent regulatory policies, rising use of in-feed enzymes, and rapid growth of alternative medicines such as prebiotics are expected to hamper the growth in his market.
Global Animal Antibiotics and Antimicrobials Market: Geographic Analysis
North America is expected to rise at significant rate and lead the market over the forecast period. Rising number of companion animal healthcare expenditure, increasing demand for animal-derived food products, and presence of various food-producing animals has led the demand for animal antibiotics and antimicrobials. Another factor contributing in the growth in this market is rising awareness about zoonotic diseases.
Asia Pacific is also expected to offer lucrative growth opportunities in the animal antibiotics and antimicrobials market. This growth can be attributed to the changing dietary habits, progressive urbanization, and increasing pet adoption. China, India, Vietnam, Malaysia, and Japan are major countries due to rising demand for animal products in end-use industries. In addition, there is boom in animal protein demand and growing companion animal ownership that is likely to provide a fillip in this market. Middle East and Africa is also expected to rise at a high growth rate over the forecast period.
Global Animal Antibiotics and Antimicrobials Market: Companies Mentioned
In the competitive landscape section, prominent market players are thoroughly analyzed. Analysts have taken in consideration key developments, financials, supply chain, technological innovation, market footprints, and strategies used by the key players. These insights are likely to benefits the users having a clear understanding of the market and competition prevailing in the market. It will help decision makers to take well-informed decisions for their company. According to the report, Zoetis, Inc., Bayer AG, Merck & Co., Inc., Virbac, Sanofi, Eli Lilli and Company, Boehringer Ingelheim GmbH, Ceva Sante Animale, Vetoquinol S.A., and Dechra Pharmaceuticals PLC are some of the prominent players functional in the global animal antibiotics and antimicrobials market.
Market segmentation based on geography:
- North America
- South America
- Asia Pacific
- Middle East and Africa
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.