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Ruminant Feed Antibiotic Market Size | Emerging Growth 2033
Ruminant Feed Antibiotic Market Size
As per the report, the ruminant feed antibiotics market size has grown strongly in recent years. It will grow from $5.06 billion in 2023 to $5.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The ruminant feed antibiotics market size is expected to see strong growth in the next few years. It will grow to $7.89 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
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Rising Milk Consumption Propels Ruminant Feed Antibiotics Market
Rising demand for dairy products is expected to propel the growth of the ruminant feed antibiotics market going forward. Dairy products are milk and any of the foods made from milk, such as butter, cheese, ice cream, yogurt and condensed and dried milk. Antibiotics in ruminant feed can improve animal performance, as antibiotics allow farmers to produce more milk with less feed input. Ruminant feed antibiotics are used to promote milk production in dairy cows. Some antibiotics cause the rumen bacteria colony (one of four stomachs in ruminant cattle) to produce more of the compounds required by cattle for growth. For instance, in February 2022, according to the United States Department of Agriculture (USDA), a US-based federal executive department for farming, forestry, rural economic development and food, milk fat consumption in the United States continued to rise in 2021, with domestic consumption on a milk-fat basis increasing each month compared to the same month in 2020, a total increase of 4.0 billion pounds. Additionally, domestic cheese consumption increased in 2021, reaching 13.0 billion pounds, a 2.7% gain over 2020. Domestic consumption of milk fat and skim milk solids also increased in 2022, by 0.8 billion pounds and 0.9 billion pounds, respectively. Therefore, the rising demand for dairy products is expected to propel the growth of the ruminant feed antibiotics market.
Probiotic Feed Innovations Revolutionize Ruminant Feed Antibiotics Market
Product innovations are a key trend gaining popularity in the ruminant feed antibiotics market. Major companies operating in the ruminant feed antibiotics market are focused on developing innovative solutions to strengthen their position in the market. For instance, in June 2021, Charoen Pokphand Foods PCL, a Thailand-based agro-industrial and food business, developed a unique feed formulation that comprises microorganisms and enhances farm animals' digestive systems through animal food that is suitable for all ages and species of animals. Animals are kept strong and healthy thanks to this probiotic technique without the use of antibiotics or growth hormones. Additionally, the substance boosts immunity and shields animals from illness.
The ruminant feed antibiotics market covered in this report is segmented -
1) By Type: Tetracycline, Penicillin, Sulphonamides, Macrolides, Aminoglycosides, Cephalosporin, Other Types
2) By Animal Type: Dairy Cattle, Beef Cattle, Other Animal Types
3) By End-User: Dairy Farm, Veterinary Hospitals, Other End-Users
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Major companies operating in the ruminant feed antibiotics market report are Elanco Animal Health Inc., Zoetis Inc., Merck And Co. Inc., Boehringer Ingelheim GmbH, Ceva Sante Animale SA, Bayer AG, Virbac SA, Phibro Animal Health Corp, Vetoquinol S.A., BASF SE, Novartis AG, Eli Lilly & Co, Cargill Incorporated, Koninklijke DSM N.V., Huvepharma Inc., Nutreco N.V., Provimi Holding B.V., Land O'Lakes Inc., Balchem Corporation, Novus International Inc, Biomin Holding GmbH, Kemin Industries Inc, Chr. Hansen Holding A/S, Evonik Industries AG, Archer Daniels Midland Company, Lallemand Inc., Phileo by Lesaffre, Royal Agrifirm Group, Diamond V, Berg + Schmidt India Pvt. Ltd. .
Contents of the report:
1. Executive Summary
2. Ruminant Feed Antibiotics Market Report Structure
3. Ruminant Feed Antibiotics Market Trends And Strategies
4. Ruminant Feed Antibiotics Market - Macro Economic Scenario
5. Ruminant Feed Antibiotics Market Size And Growth
…..
27. Ruminant Feed Antibiotics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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