The Asia pacific feed antibiotics market is projected to register a CAGR of 4.2% during the forecast period 2020-2025. Industrialization, increasing animal disease, expansion of the meat market, and changing demographics are the major factors for attractiveness in this region. The feed antibiotics are used in the livestock industry to obtain a high feed efficiency rate and to prevent and treat disease in the herds of animals or in an individual animal. Tetracyclines, Penicillins, sulfonamide, macrolides are some of the major antibiotics used in the livestock industry.
Key Market Trends
Increased Meat Consumption
Despite the expanding concern with respect to the antimicrobial opposition in people because of the utilization of anti-microbials in domesticated animals, meat utilization is expanding each year. According to the Food and Agricultural Organization, the meat consumption has increased to 143.68 million tons in 2018. Pork meat is mostly consumed by humans in this region contributing 46% of the total meat consumption followed by poultry meat with 32%. Generally, antibiotics are used in livestock to treat and prevent diseases but recently farmers are misusing it as growth promoters which are affecting human health. However, the Government of various countries like India and China is following strict regulations to monitor and regulate the usage of antibiotics by educating farmers. This abolishes the misconception of usage in livestock leading to an increase in meat consumption, increasing the need for quality meat production with the help of antibiotics.
Increasing Poultry Production in China and India
China is the largest Feed Antibiotic market in the Asia Pacific region followed by India owing to the fast pace of modernization, increasing meat consumption, livestock production, and the outbreak of various animal diseases. Feed antibiotics are mostly used in poultry to maintain animals’ health and prevent disease outbreak. The demand for poultry production in India and China is increasing at a CAGR of 3.9% and 1.7% respectively. With this increasing demand and animal health awareness among farmers, there will be huge scope for the growth of the Feed Antibiotic market in the coming years too in this region.
Competitive Landscape
The Feed Antibiotics market in the Asia Pacific region is consolidated with a few major players dominating the market. The key players are Bayer Health Care AG, Virbac Animal Health, Merck Animal Health, Elanco Animal Health, etc., which occupy major market share. These companies are adopting strategies such as mergers and acquisitions, expansions, investment in R&D in order to expand their business. In the year 2019, Bayer Animal Health GmbH and Nutreco have signed a global research and development collaboration agreement to develop game-changing solutions that promote animal well-being and enhance the nutritional and health performance of farm animals.
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Key Market Trends
Increased Meat Consumption
Despite the expanding concern with respect to the antimicrobial opposition in people because of the utilization of anti-microbials in domesticated animals, meat utilization is expanding each year. According to the Food and Agricultural Organization, the meat consumption has increased to 143.68 million tons in 2018. Pork meat is mostly consumed by humans in this region contributing 46% of the total meat consumption followed by poultry meat with 32%. Generally, antibiotics are used in livestock to treat and prevent diseases but recently farmers are misusing it as growth promoters which are affecting human health. However, the Government of various countries like India and China is following strict regulations to monitor and regulate the usage of antibiotics by educating farmers. This abolishes the misconception of usage in livestock leading to an increase in meat consumption, increasing the need for quality meat production with the help of antibiotics.
Increasing Poultry Production in China and India
China is the largest Feed Antibiotic market in the Asia Pacific region followed by India owing to the fast pace of modernization, increasing meat consumption, livestock production, and the outbreak of various animal diseases. Feed antibiotics are mostly used in poultry to maintain animals’ health and prevent disease outbreak. The demand for poultry production in India and China is increasing at a CAGR of 3.9% and 1.7% respectively. With this increasing demand and animal health awareness among farmers, there will be huge scope for the growth of the Feed Antibiotic market in the coming years too in this region.
Competitive Landscape
The Feed Antibiotics market in the Asia Pacific region is consolidated with a few major players dominating the market. The key players are Bayer Health Care AG, Virbac Animal Health, Merck Animal Health, Elanco Animal Health, etc., which occupy major market share. These companies are adopting strategies such as mergers and acquisitions, expansions, investment in R&D in order to expand their business. In the year 2019, Bayer Animal Health GmbH and Nutreco have signed a global research and development collaboration agreement to develop game-changing solutions that promote animal well-being and enhance the nutritional and health performance of farm animals.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bayer HealthCare AG
- Virbac Animal Health Pvt Ltd
- Merck Animal Health
- Elanco Animal Health Inc.
- Zydus Cadila Healthcare Pharmaceutical company
- Zoetis
- Boehringer Ingelheim International Gmbh
Methodology
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