Probiotics is the fastest growing segment fueling the growth of Poultry Antibiotic Market

 

The global Poultry Antibiotic Market is estimated to be valued at US$ 2.0 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Antibiotics are widely used in poultry farming to prevent the spread of infectious diseases and promote growth. They help control life-threatening bacterial infections and improve productivity. However, overuse of antibiotics has led to antimicrobial resistance which poses serious health risks.

Market key trends:
One of the major trends in the poultry antibiotic market is the rising demand for probiotics as an alternative to conventional antibiotics. Probiotics are live microorganisms that when consumed in adequate amounts provide health benefits. They help maintain a healthy gut microbial balance and boost immunity in poultry. Various types of probiotic supplements containing beneficial bacteria like Lactobacillus and Bifidobacterium are gaining popularity among poultry farmers as they reduce the use of antibiotics and occurrence of enteric diseases. Regional bans and stringent regulations on non-therapeutic use of antibiotics in animal feed across Europe and parts of Asia are also driving increased adoption of probiotics in the industry.
Segment Analysis
The global poultry antibiotic market is segmented on the basis of product, route of administration, and distribution channel. Based on product, the market is segmented into penicillins, cephalosporins, macrolides, tetracyclines, aminoglycosides, sulfonamides, and others. The penicillin sub-segment currently dominates the market, owing to wide usage of penicillin across several disease indications in poultry production. Based on route of administration, the market is divided into oral and injectable. The injectable route currently has a higher market share as it allows direct delivery of antibiotics to the infection site. Based on distribution channel, the market is classified as veterinary hospitals, veterinary clinics, pharmacies & drug stores, and others. The veterinary hospitals sub-segment holds the largest share due to high preference of veterinarians for treatment of poultry.

Key Takeaways
The global poultry antibiotic market size is expected to witness high growth, exhibiting CAGR of 6.0% over the forecast period, due to increasing demand for poultry meat products across major economies. Regionally, Asia Pacific dominates the global market and is expected to continue its dominance over the forecast period driven by rising poultry production and huge livestock population in countries such as China and India.

Key players operating in the poultry antibiotic market are Zoetis Inc., Elanco Animal Health, Boehringer Ingelheim Animal Health, Merck & Co. Inc., Bayer AG, Ceva Santé Animale, Virbac, Vetoquinol S.A., Phibro Animal Health Corporation, Huvepharma, Neogen Corporation, Nisseiken Co., Ltd., Venkys India Ltd., Inovio Pharmaceuticals, Inc. Zoetis Inc. and Elanco Animal Health currently have the largest market shares due to their diverse product portfolios and strong presence across major markets.

Europe and North America are also significant markets driven by stringent regulations regarding antibiotic usage and focus on alternatives. Major players are focused on development of alternatives to antibiotics for maintaining gut health of poultry and reducing antibiotic resistance

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