Market Size of Global Feed Antibiotics Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.71 Billion |
| Market Size (2029) | USD 4.45 Billion |
| CAGR (2024 - 2029) | 3.70 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Feed Antibiotics Market Analysis
The Global Feed Antibiotics Market size is estimated at USD 3.71 billion in 2024, and is expected to reach USD 4.45 billion by 2029, growing at a CAGR of 3.70% during the forecast period (2024-2029).
As an impact of COVID-19, the global consumption of meat and other animal products is on the verge of a declining phase as consumer preference for plant-based foods is rapidly rising. In addition, animal products without any traces of synthetic compounds are anticipated to grow in the forecast period. Hence the preference for animal feed with chemical ingredients including antibiotics is projected to decline during the forecast period.
The feed antibiotics are used in the livestock industry to obtain high feed efficiency rate and to prevent and treat disease in the herds of animals or in an individual animal. Tetracyclines, Penicillins, sulfonamide, and macrolides are some of the major antibiotics used in the livestock industry. The feed antibiotics, apart from being used for their anti-microbial properties are being used as growth-promoting agents and performance enhancers.
Asia-Pacific is projected to be the largest market. Industrialization, increasing animal disease, expansion of the meat market, and changing demographics are some of the factors driving the market. The Chinese animal feed antibiotics industry currently is heavily influenced by governmental initiatives. The country's efforts to modernize and find efficiencies in its structure and practices and the increasing demand for meat and animal products to meet the protein needs of the growing population are among the major factors driving the growth of the animal feed antibiotics market.
