Market Size of Veterinary Antibiotics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
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?
Veterinary Antibiotics Market Analysis
The veterinary antibiotics market is expected to register a CAGR of 3.9% over the forecast period.
The demand for veterinary antibiotics was severely hampered due to the significant impact on veterinary practice during the lockdown period. The diagnosis rate of veterinary infection declined during the initial phase of the COVID-19 pandemic. The strict lockdown imposed in the majority of the countries was responsible for the negative impact on the veterinary practice along with the decline in demand for veterinary drugs including veterinary antibiotics. According to the study published by the British Veterinary Association, in May 2022, 32.8% of pet owners recorded difficulties in accessing veterinary healthcare during the initial phase of the COVID-19 lockdown. Veterinary healthcare facilities were open for emergency procedures however most of the prophylactic treatments were delayed for the animals.
Moreover, the disruption in the supply chain of veterinary pharmaceutical products, along with the reallocation of veterinarians for the management of COVID-19 had a significant impact on veterinary treatment which significantly hampered the market growth. Due to the above-mentioned factors, the majority of veterinary pharmaceutical companies recorded a significant decline in product sales during the COVID-19 pandemic.
Furthermore, the increasing number of animal health concerns along with the growing awareness about veterinary diseases is anticipated to drive the adoption of veterinary antibiotics during the forecast period. The growing number of livestock in developing as well as developed countries are also supporting market growth. According to the data published by, Eurostat (European Union), there were more than 142 million pigs, 76 million bovine animals, 60 million sheep, and 11 million goats in European countries by the end of December 2021.
Moreover, the large number of pet owners and rising expenditure on animal health are also driving the demand for animal medicines including veterinary antibiotics. According to the data published by HealthforAnimals, the population of pets in European nations is more than 215 million pet owners as compared to China which had more than 131 million pet owners in 2021. Furthermore, the increasing number of veterinary insurance holders is also anticipated to drive the market for various animal medicines including veterinary antibiotics.
However, stringent regulations and increasing antibiotic resistance among food-producing animals, along with the scarcity of veterinarians and skilled farm workers hinder the market growth.
