Zion Market Research, the market research group announced the analysis report titled 'Animal Antimicrobials and Antibiotics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2015-2021'
Sarasota, FL -- (SBWIRE) -- 04/30/2018 -- Antibiotics are the class of antimicrobials widely used for the treatment of bacterial infection. Antibiotics either kill or suppress the growth of bacteria by inhibiting the cell wall & protein synthesis. Most of the antibiotics are used to treat bacterial infections. Antibiotics administered to various animals like dog, cow, goat, cat, etc. either to prevent or to treat them from various types of infections. Western type diet comprises of various meat of animal which led to continuous use of animal antimicrobials and antibiotics.
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Animal antimicrobials and antibiotics market is majorly driven by increasing incidence of bacterial infection in animal. Furthermore, the rapid adoption of Western eating habits across distant parts of the globe is leading factor to increased demand for animal antimicrobials and antibiotics. Moreover, continuous increase in the companion animal ownership is one of the factors driving the growth of this market. However, increase use of in-feed enzymes and probiotics as an alternative are the restraining factors for the growth of the animal antimicrobials and antibiotics market. Antibiotic resistance and generic competition are the two foremost factors that play a significant role in hindering the growth of the market.
The report covers forecast and analysis of the animal antibiotic market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Million). To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the animal antibiotic market has also been included in the study. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate and general attractiveness.
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The report provides detailed segmentation of the animal antibiotic market based on type, animals, route of administration and regional segment.
Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand has been analyzed and forecast based on the trends for the period of six years. North America was the leading segment of animal antibiotic market in 2015. However, the market share of this region is expected to decrease in the coming years primarily due to the regulatory ban on the use of antibiotics announced in the U.S. The animal antibiotic market is expected to witness the good growth in the Asia-Pacific region in the coming years due to increased urbanization, rising disposable incomes, increase in the demand for animal products and the increasing trend of pet ownerships in these regions.
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Key players of animal antibiotic market included in report are Zoetis Inc. (U.S.), Elanco Animal Health (U.S.), Merck Animal Health (U.S.), Merial (U.S.), Bayer Animal Health (Germany) holding around 75% of the total market. Other major players in this market are Virbac Animal Health (U.S.), and CEVA Santé Animale (U.S.).
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