Market Trends of Asia-Pacific Feed Antibiotics Industry
This section covers the major market trends shaping the APAC Feed Antibiotics Market according to our research experts:
Increased Meat Consumption
Despite the expanding concern with respect to the antimicrobial opposition in people because of the utilization of anti-microbials in domesticated animals, meat utilization is expanding each year. According to the Food and Agricultural Organization, the meat consumption has increased to 143.68 million tons in 2018. Pork meat is mostly consumed by humans in this region contributing 46% of the total meat consumption followed by poultry meat with 32%. Generally, antibiotics are used in livestock to treat and prevent diseases but recently farmers are misusing it as growth promoters which are affecting human health. However, the Government of various countries like India and China is following strict regulations to monitor and regulate the usage of antibiotics by educating farmers. This abolishes the misconception of usage in livestock leading to an increase in meat consumption, increasing the need for quality meat production with the help of antibiotics.
Increasing Poultry Production in China and India
China is the largest Feed Antibiotic market in the Asia Pacific region followed by India owing to the fast pace of modernization, increasing meat consumption, livestock production, and the outbreak of various animal diseases. Feed antibiotics are mostly used in poultry to maintain animals' health and prevent disease outbreak. The demand for poultry production in India and China is increasing at a CAGR of 3.9% and 1.7% respectively. With this increasing demand and animal health awareness among farmers, there will be huge scope for the growth of the Feed Antibiotic market in the coming years too in this region.
