China Animal Antimicrobial And Antibiotics Market Outlook

the chinese animal antimicrobial and antibiotics market is composed of both large multinational pharmaceutical companies and small-scale domestic companies. as the leading manufacturer of animal antimicrobial products in the world, china’s animal antimicrobial industry is highly important in global market. in china, projects such as ‘new animal drugs development’, ‘animal health subsidy’ and ‘national standard for veterinary drugs’ are enacted by the government annually since 2000. these projects have significantly propelled the chinese animal antimicrobial and antibiotics market by upgrading and increasing the demand for high-quality antibiotics in china. the animal antimicrobial and antibiotics market in china is also governed by stringent rules and regulations laid by the national veterinary drugs monitoring center (nvmc). the nvmc ensures the safety and quality of veterinary medicines. these regulations are set not only to protect animals from drug abuse and the spread of infectious diseases but also to protect the environment from contamination from improperly discarded drugs. moreover, emerging factors such as shift from conventional pharmaceutical industry to biopharmaceuticals industry and increase in the demand for feed to meet the projected growth in meat and egg consumption are also anticipated to stimulate the growth of chinese animal antimicrobial and antibiotics market. in addition, the growing adoption of commercial animal feed in domestic markets is likely to drive the market in china over the forecast period. the domestic market for animal feed is projected to grow at an 8.5%-10.0% rate in the next five years, driven by an increasingly affluent population and growing number of high-value products being developed and launched. moreover, over the last few years, the government of china has increased research on the use of traditional chinese medicine in the animal antibiotics industry. furthermore, the growing cost of in-house development of drugs is expected to drive the development of animal antibiotics in china. looking ahead, continued investment and government incentives are likely to continue contributing towards the ever-growing demand for animal antibiotics in china. the chinese animal antimicrobial and antibiotics market is forecast to continue growing at a healthy rate over the forecast period