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North America Feed Antibiotics market - Growth, Trends And Forecasts (2015-2020)

The North American Feed antibiotics market is USD 761.3 million in 2015 and is expected to reach a value USD 849.3 million by 2020 with a CAGR of 2.2%. Feed antibiotics which have playing the major role in North America because the meat production industry have witnessed a slow down due to rising consumer awareness regarding hazards of residue in the meat. These are important ingredients that are combined with basic feed mix to prevent animal diseases and improve their overall growth. All these benefits of antibiotics have driven the growth of the market in the region. But the recent developments suggesting that some bacteria have become resistant to more than one type of antibiotic, which makes it more difficult to treat the infections they cause has led to the ban of certain substances in few markets. This has called for the judicious use of antibiotics and in expert recommended quantities to preserve their effectiveness for better human and animal health. North America is the second largest market in the Feed Antibiotics market. Currently, the following antibiotics are used in livestock and poultry feed: chlortetracycline, procaine penicillin, oxytetracycline, tylosin, bacitracin, neomycin sulfate, streptomycin, erythromycin, linomycin, oleandomycin, virginamycin, and bambermycins. These are used for various types of animals like Ruminant, Poultry, Swine, Aqua Culture, Pet food and Horses. US has the highest market share with around USD 441 million among all the regions, Canada and Mexico are projected to be the fastest growing markets. The market is dominated by major players like Bayer HealthCare AG, Abbott Laboratories, Pfizer, Novartis etc which adopt different strategies to increase their market share in the industry. Key Deliverables in the Study • Market analysis for the North American Feed Antibiotics Market, with region specific assessments and competition analysis on global and regional scales • Market definition along with the identification of key drivers and restraints • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale • Extensively researched competitive landscape section with profiles of major companies along with their market shares • Identification and analysis of the macro and micro factors that affect the North American Feed Antibiotics market on both global and regional scales • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Published By: Mordor Intelligence
Published Date: Q1 2016

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