The Ruminant Feed Antibiotics Global Market Report 2023, provides comprehensive information on the ruminant feed antibiotics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global ruminant feed antibiotics market size is expected to grow from $4.63 billion in 2022 to $5.02 billion in 2023 at a compound annual growth rate (CAGR) of 8.40%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ruminant feed antibiotics market size is expected to reach $6.77 billion in 2027 at a CAGR of 7.79%.
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Product innovations are a key trend gaining popularity in the ruminant feed antibiotics market. Major companies operating in the ruminant feed antibiotics market are focused on developing innovative solutions to strengthen their position in the market. For instance, in June 2021, Charoen Pokphand Foods PCL, a Thailand-based agro-industrial and food business, developed a unique feed formulation that comprises microorganisms and enhances farm animals’ digestive systems through animal food that is suitable for all ages and species of animals. Animals are kept strong and healthy thanks to this probiotic technique without the use of antibiotics or growth hormones. Additionally, the substance boosts immunity and shields animals from illness.
The ruminant feed antibiotics market is segmented:
1) By Type: Tetracycline, Penicillin, Sulphonamides, Macrolides, Aminoglycosides, Cephalosporin, Other Types
2) By Animal Type: Dairy Cattle, Beef Cattle, Other Animal Types
3) By End-User: Dairy Farm, Veterinary Hospitals, Other End-Users
Asia-Pacific was the largest region in the ruminant feed antibiotics market in 2022.
The table of contents in TBRC’s ruminant feed antibiotics market report includes:
1. Executive Summary
2. Ruminant Feed Antibiotics Market Characteristics
3. Ruminant Feed Antibiotics Market Trends And Strategies
4. Ruminant Feed Antibiotics Market – Macro Economic Scenario
5. Ruminant Feed Antibiotics Market Size And Growth
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26. Africa Ruminant Feed Antibiotics Market
27. Ruminant Feed Antibiotics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ruminant Feed Antibiotics Market
29. Ruminant Feed Antibiotics Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Elanco Animal Health Inc
- Zoetis Inc
- Merck And Co. Inc
- Boehringer Ingelheim GmbH
- Ceva Sante Animale SA
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