Report ID: UCMIG15E2282
Report ID:
UCMIG15E2282 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global animal antibacterial and antibiotics market is estimated to develop at a CAGR (compound annual growth rate) of 3.5% from 2023 to 2030. The rise in consumption of meat is fueling the market is a variety of ways. Animals in the meat industry are frequently housed in tight quarters with numerous other creatures, which may contribute to disease transmission. Farmers use penicillin along with other antimicrobials to maintain their livestock healthy and avoid these infections. As a result, the demand for these items in the animal agricultural industry is increasing.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15E2282