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Chlortetracycline Market

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The global chlortetracycline market size is expected to reach US$ 296 million by 2027, and register a CAGR of 13.1% over the forecast period (2019 - 2027).
Chlortetracycline Market Size Share Trends Forecast 2027
The global chlortetracycline market size is expected to reach US$ 296 million
by 2027, and register a CAGR of 13.1% over the forecast period (2019 - 2027).
Market Overview
Chlortetracycline belongs to the tetracycline class. It is isolated from
S.aureofaciens and used as an antiprotozoal and antibacterial drug. Appearance
wise, chlortetracycline has the texture of a fine yellowish powder, which is
produced through the process of fermentation. Chlortetracycline is sold
commercially under the trade name 'Aureomycin', and has major application as
an antibiotic for treating cattle, livestock, and poultry. It is used for treating and
curbing health issues in animals, such as infections in sheep, cattle, pigs, as well
as infections in the respiratory tracts of chickens, pigs, and calves.
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Market Outlook
In terms of market share, the Asia Pacific region is expected to account for the
largest share, and projected to grow steadily over the forecast period. Growing
presence of key players in the region, combined with a rise in demand for
antibiotics in the poultry industry of emerging economies such as India and
China will contribute to the growing demand for animal feed in the region. The
number of pet owners, and livestock in major economies in the region is
expected to expand over the forecast period, which in turn will benefit the
overall growth of the chlortetracycline market. Other regions such as Latin
America, Africa, and Middle East are also expected to show potential as a result
of rising industrialisation and economic progress by GCC countries.
At the same time Europe and North America are also slowly emerging from the
economic slump and are expected to account for a significant revenue generated
for the chlortetracycline market in the region. Factors such as rising disposable
income, increasing demand for animal feed, and growing awareness regarding
animal health, is projected to positively impact the global chlortetracycline
market. The competitive landscape in key regions such as Asia Pacific is
another promising factor, as key player in the region are engaged in expanding
their footprints in untapped regional markets, thereby strengthening their
position in the global market. All of these factors are expected to facilitate
growth of the global chlortetracycline market in the near future.
Key Players
Some of the prominent players in the global chlortetracycline market include
Hebei New Century Pharmaceutical Co., Ltd., Zoetis Inc., Weifang Union
Biochemistry Co., Ltd., Qingdao Dacon Trading Co., Ltd., and Jiaxing Suns Intl
Trade Co., Ltd. among others.
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pallavi.reddy
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