Poultry Drugs Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016 to 2021 and Forecast 2021 to 2028

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Poultry Drugs Market: By Product Type (Vaccines, Drugs, Feed Additives), By Drug Type (Antibiotics, Anti-gout Agents, Anthelmintic, Nutritional Supplements, Anti-infectives, Others) By Animal Type (Turkey, Chicken, Goose, Duck, Others), and Geography 

 

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Report

Description

The global poultry drugs market valued at USD 5100 Mn by 2021 and expected to reach USD 9323 Mn by 2028 growing at a CAGR of 9% during the forecast period 2022 to 2028. Global Poultry Drugs Market is the chemical substances used to diagnose, treat, prevent, or cure the various diseases. Global Poultry drugs are used to prevent or cure the various poultry diseases such as infectious diseases, gout, helminthiasis, and nutritional disorders among others. The worldwide poultry medicines market is likely to be hampered by low product exclusivity, generic competition, and tight regulations. In the animal health care market, product exclusivity lasts only three to five years. Increased competition from generics and over-the-counter (OTC) products occurs from a shorter exclusivity period. Furthermore, the market’s expansion is hampered by strict product approval rules and limited vaccine production. In addition, rising worries about the use of antibiotics and growth boosters in chicken are projected to stifle market expansion. Hormonal components and antibiotics are examples of growth boosters that are commonly employed in food or meat-producing animals, such as chicken. There is significant evidence that poultry antibiotics have a harmful influence on people, including the development of antimicrobial-resistant bacteria and disruption of normal human intestinal flora. Domesticated birds such as ducks, chickens, turkeys, geese, quails, and other birds kept by humans are known as poultry animals. The poultry sector is one of the most rapidly expanding segments of the livestock industry. The report’s scope stresses the importance of poultry animal care, for which the veterinarian is a critical link for companies seeking to improve the health and wellbeing of poultry animals.

Poultry Drugs Market

MARKET SUMMARY
-
9% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 9%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Poultry Drugs Market

  • The report on global Poultry Drugs Market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, drug type, animal type and geography.
  • Poultry Drugs Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Key Players
  • Zoetis (Pfizer, Inc.) (U.S.)
  • Merck & Co. Inc. (U.S)
  • Virbac S.A. (France)
  • Boehringer Ingelheim Vetmedica (Germany)
  • Elanco (U.S.)
Dynamics

Poultry Drugs Market

Increase in the demand for healthy meat and poultry products, rise in prevalence of various infectious diseases such as avian influenza, rise in R&D activities for the innovation of newer drugs, and increase in animal healthcare expenditure are expected to bolster the poultry drugs market over the forecast period. Moreover, government initiations for protecting the poultry industry, innovation of newer drugs and vaccines, and increase in the number of poultry farms are expected to bolster the global poultry drugs market. However, stringent regulatory guidelines for the product approval, adverse effects associated with drugs, lack of awareness about the poultry diseases in underdeveloped countries, and high R&D expenditure may impede the growth of global poultry drugs market over the forecast years.


North-America got significant share

Poultry Drugs Market

Geographically, Global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa regions. North America poultry drugs market is growing at a significant rate, which is attributed to rise in demand for healthy meat and poultry products, launching of newer products into the market, and increase in awareness about the poultry diseases. Europe poultry drugs markethas a lucrative growth owing to rise in prevalence of various diseases such as avian flu, rise in animal welfare expenditure, and increase in the R&D activities for the innovation of newer drugs are bolster the market. Asia Pacific poultry drugs market is poised to grow at significant rate due to increase in trading of meat and other poultry products from India and China, rise in number of poultry farms, and adoption of newer drugs and vaccines. Latin America poultry drugs market is rising due to positive economic growth, rise in animal welfare expenditure, and launching of newer products by the companies in the region. Middle East and Africa poultry drugs market exhibiting a prominent growth rate owing to expansion of business by the market players, rise in prevalence of infectious diseases, and increase in awareness about poultry diseases are boost the market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market and Forecast
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Poultry Drugs Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Zoetis (Pfizer, Inc.) (U.S.)
  • Merck & Co. Inc. (U.S)
  • Virbac S.A. (France)
  • Boehringer Ingelheim Vetmedica (Germany)
  • Elanco (U.S.)
  • Bayer Animal Health (Germany)
  • Phibro Animal health Corporation (U.S.)
  • Zydus AHL (India)
  • Ceva Sante Animale (France)

Description

The global poultry drugs market valued at USD 5100 Mn by 2021 and expected to reach USD 9323 Mn by 2028 growing at a CAGR of 9% during the forecast period 2022 to 2028. Global Poultry Drugs Market is the chemical substances used to diagnose, treat, prevent, or cure the various diseases. Global Poultry drugs are used to prevent or cure the various poultry diseases such as infectious diseases, gout, helminthiasis, and nutritional disorders among others. The worldwide poultry medicines market is likely to be hampered by low product exclusivity, generic competition, and tight regulations. In the animal health care market, product exclusivity lasts only three to five years. Increased competition from generics and over-the-counter (OTC) products occurs from a shorter exclusivity period. Furthermore, the market’s expansion is hampered by strict product approval rules and limited vaccine production. In addition, rising worries about the use of antibiotics and growth boosters in chicken are projected to stifle market expansion. Hormonal components and antibiotics are examples of growth boosters that are commonly employed in food or meat-producing animals, such as chicken. There is significant evidence that poultry antibiotics have a harmful influence on people, including the development of antimicrobial-resistant bacteria and disruption of normal human intestinal flora. Domesticated birds such as ducks, chickens, turkeys, geese, quails, and other birds kept by humans are known as poultry animals. The poultry sector is one of the most rapidly expanding segments of the livestock industry. The report’s scope stresses the importance of poultry animal care, for which the veterinarian is a critical link for companies seeking to improve the health and wellbeing of poultry animals.

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