Asia Pacific Animal Antimicrobial And Antibiotics Market Size & Outlook
Asia Pacific animal antimicrobial and antibiotics market, 2018-2030 (US$M)
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Asia Pacific animal antimicrobial and antibiotics market highlights
- The Asia Pacific animal antimicrobial and antibiotics market generated a revenue of USD 198.7 million in 2022.
- The market is expected to grow at a CAGR of 3.9% from 2023 to 2030.
- In terms of segment, antibiotics was the largest revenue generating type in 2022.
- Antimicrobial is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 198.7 million |
| Market revenue in 2030 | USD 270.2 million |
| Growth rate | 3.9% (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 |
| Key market players worldwide | Boehringer Ingelheim, CEVA Inc, Elanco Animal Health Inc, Neogen Corp, Phibro Animal Health Corp Class A, Vetoquinol SA, Virbac SA, Zoetis Inc Class A |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.3% of the global animal antimicrobial and antibiotics market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 270.2 million by 2030.
Antibiotics was the largest segment with a revenue share of 50.18% in 2022. Horizon Databook has segmented the Asia Pacific animal antimicrobial and antibiotics market based on antimicrobial, antibiotics covering the revenue growth of each sub-segment from 2018 to 2030.
Asia is the largest meat producer accounting for around 40-45% of the world’s total meat production. According to React report, India is the world’s 5th largest producer of meat. Chicken is the most consumed meat in India.
Increase in usage of antimicrobial and antibiotics in chicken is expected to drive the market growth in the region. Additionally, Asia Pacific region is home to a large population of livestock, including cattle, swine, poultry, and aquaculture, which provides ample opportunities for the animal antimicrobial and antibiotics market.
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Animal Antimicrobial And Antibiotics Market Scope
Animal Antimicrobial And Antibiotics Market Companies
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Asia Pacific animal antimicrobial and antibiotics market size, by country, 2018-2030 (US$M)
Asia Pacific Animal Antimicrobial And Antibiotics Market Outlook Share, 2022 & 2030 (US$M)
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