U.K. Animal Antimicrobial And Antibiotics Market Outlook

the outlook for the u.k. animal antimicrobial and antibiotics market has been positive in 2018, with more producers investing in product development to meet the growing demand for medications to treat a variety of animal health ailments. this has been largely fuelled by the growing demand for animal meats and the growing numbers of pet owners. the market size of the u.k. animal antimicrobial and antibiotics market is estimated to increase from a reported value of ??3.4 billion in 2017 to an estimated value of ??4.4 billion by the end of 2018. the long-term outlook for the market is expected to be more positive with a forecast compound annual growth rate (cagr) of 8.0% from 2019 to 2032. the u.k. is a major importer of animal antibiotics and antimicrobials, mainly from india, the u.s. and the european union. this is due to the increased demand for these products, which has been driven by a cult of pet owners, both those purchasing for companions and those who view their pets as an investment. in addition, the convergence of human and animal medication markets, due to the availability of generic products, has added to the demand for animal antibiotics and antimicrobials. all of these factors contribute to the growing market size and the positive outlook for this market. due to the u.k.'s reliance on imports, the market is a price-sensitive market. this means that vendors and producers that are able to provide competitively-priced products, will be better positioned to succeed in this market. there is also a need for an efficient distribution process, as these products are perishable and need to be supplied fresh. in order to capitalize on the growing demand for animal antimicrobials and antibiotics, there is a need for drug research and development, with an emphasis on creating safer products that have fewer adverse side-effects when used. this could be done by engaging with emerging technologies such as genomics and computer technologies. there is also a need for stricter regulation, to ensure that only healthy animals are being treated and to minimize the potential for the misuse or overuse of the products. this could be achieved through the implementation of licensing systems and more stringent testing requirements. overall, the u.k. animal antimicrobial and antibiotics market looks set to experience a positive outlook in the coming years, with strong potential for growth. producers and vendors that are able to meet the growing demand, through innovative technologies, efficient distribution networks and competitive pricing will be well-positioned to take advantage of this opportunity.