Global Ruminant Feed Antibiotics Market Segments 2024, Forecast To 2033
5 Mar, 2024
The ruminant feed antibiotics market has exhibited strong growth, climbing from $5.06 billion in 2023 to $5.53 billion in 2024, showcasing a 9.3% CAGR. Growth drivers include livestock disease management and veterinary practices. The forecast predicts substantial expansion, reaching $7.89 billion in 2028, reflecting a 9.3% CAGR. Trends involve a shift towards antibiotic alternatives and precision feeding practices.
Global Ruminant Feed Antibiotics Market Key Driver
The ruminant feed antibiotics market is expanding with the rising demand for dairy products, leading to increased milk fat consumption and turnover in the USA. The use of antibiotics in ruminant feed contributes to improved animal performance and increased milk production.
Get A Free Sample Of The Global Ruminant Feed Antibiotics Market ReportGlobal Ruminant Feed Antibiotics Market Segments
The ruminant feed antibiotics market covered in this report 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
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the ruminant feed antibiotics market in 2023. The regions covered in the ruminant feed antibiotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Ruminant Feed Antibiotics Industry Players
Elanco Animal Health Inc.; Zoetis Inc.; Merck And Co. Inc.; Boehringer Ingelheim GmbH; Ceva Sante Animale SA; Bayer AG; Virbac SA; Phibro Animal Health Corp; Vetoquinol S.A.; BASF SE; Novartis AG; Eli Lilly & Co; Cargill Incorporated; Koninklijke DSM N.V.; Huvepharma Inc.; Nutreco N.V.; Provimi Holding B.V.; Land O'Lakes Inc.; Balchem Corporation; Novus International Inc; Biomin Holding GmbH; Kemin Industries Inc; Chr. Hansen Holding A/S; Evonik Industries AG; Archer Daniels Midland Company; Lallemand Inc.; Phileo by Lesaffre; Royal Agrifirm Group; Diamond V; Berg + Schmidt India Pvt. Ltd.
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AIOps Ruminant Feed Antibiotics Market Overview
Ruminant feed antibiotics refer to a kind of feed that contains a variety of additives and raw elements. These are used to treat clinical illness, prevent and manage common disease occurrences and improve animal growth. These are classified into three types of uses in animals: therapeutic, prophylactic and subtherapeutic.
Ruminant Feed Antibiotics Global Market Report 2023 provides data on the global ruminant feed antibiotics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ruminant feed antibiotics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.