Market Size of North America Feed Antibiotics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Feed Antibiotics Market Analysis
The North America feed antibiotics market is projected to register a CAGR of 2.9% during the forecast period(2020-2025). Industrialization, increasing animal disease, expansion of the meat market are the major factors for attractiveness in this region. The feed antibiotics are used in the livestock industry to obtain a high feed efficiency rate and to prevent and treat disease in the herds of animals or in an individual animal. Tetracyclines, Penicillins, sulfonamide, macrolides are some of the major antibiotics used in the livestock industry. The United States dominates the market owing to the higher demand for meat and the mass production of livestock. The usage of the Veterinary Feed Directive (VFD) drug in farm animal feed requires authorization by a licensed veterinarian, according to the agency's VFD regulations. However, the ban on the use of antibiotics, apart from therapeutic use in the United States, has hampered the market growth. Some of the leading players in the market are Merck & Co., Inc., Elanco, American Regent, Inc., Boehringer Ingelheim Mexico., and Alltech Inc.
