Global Animal Antimicrobial And Antibiotics Market Size & Outlook
The animal antimicrobial and antibiotics industry worldwide is expected to reach a projected revenue of US$ 893.9 million by 2030. A compound annual growth rate of 3.5% is expected of the worldwide animal antimicrobial and antibiotics industry from 2023 to 2030.
Revenue, 2022 (US$M)
$678.5
Forecast, 2030 (US$M)
$893.9
CAGR, 2023 - 2030
3.5%
Report Coverage
Worldwide
Global animal antimicrobial and antibiotics market, 2018-2030 (US$M)
Related Markets
Global animal antimicrobial and antibiotics market highlights
- The global animal antimicrobial and antibiotics market generated a revenue of USD 678.5 million in 2022 and is expected to reach USD 893.9 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.5% by 2030.
- In terms of segment, antibiotics accounted for a revenue of USD 373.7 million in 2022.
- Antimicrobial is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 678.5 million |
| Market revenue in 2030 | USD 893.9 million |
| Growth rate | 3.5% (CAGR from 2022 to 2030) |
| Largest segment | Antibiotics |
| Fastest growing segment | Antimicrobial |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Antimicrobial, Antibiotics |
Other key industry trends
- In terms of revenue, the North America accounted for 21.0% of the global animal antimicrobial and antibiotics market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 29.7 million by 2030.
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Animal Antimicrobial And Antibiotics Market Scope
Animal antimicrobial and antibiotics market segmentation & scope
Animal Antimicrobial And Antibiotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global animal antimicrobial and antibiotics market size, by regions, 2018-2030 (US$M)
Top 10 countries: Animal antimicrobial and antibiotics market size, 2022 (US$M)
Global animal antimicrobial and antibiotics market share, by type, 2022 & 2030 (%, US$M)
Animal antimicrobial and antibiotics market: Opportunity assessment by country
Global animal antimicrobial and antibiotics market, by region, 2022 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 120.9 | 127.1 | 130.9 | 136.5 | 142.5 | 147.6 | 152.8 | 157.8 | 163.6 | 169.5 | 175.8 | 182.3 | 189.2 | 3.6% |
| Europe | 197.5 | 208.9 | 214.0 | 221.4 | 230.8 | 238.6 | 246.1 | 252.0 | 262.6 | 271.5 | 280.7 | 290.5 | 300.7 | 3.4% |
| Asia Pacific | 166.5 | 175.8 | 181.4 | 189.8 | 198.7 | 206.4 | 214.2 | 220.6 | 231.0 | 240.1 | 249.6 | 259.7 | 270.2 | 3.9% |
| Latin America | 69.2 | 72.1 | 73.8 | 76.4 | 79.2 | 81.3 | 83.5 | 85.8 | 88.2 | 90.7 | 93.4 | 96.1 | 99.0 | 2.8% |
| MEA | 23.7 | 24.8 | 25.4 | 26.3 | 27.4 | 28.2 | 29.0 | 29.5 | 30.8 | 31.7 | 32.7 | 33.7 | 34.8 | 3.0% |
| Overall | 577.8 | 608.7 | 625.5 | 650.4 | 678.5 | 702.1 | 725.5 | 745.6 | 776.1 | 803.5 | 832.2 | 862.3 | 893.9 | 3.5% |
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