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Global Antimicrobial Ingredients Market to Reach 94.1 Thousand Tons by 2027
In the changed post COVID-19 business landscape, the global market for Antimicrobial Ingredients estimated at 78.2 Thousand Tons in the year 2020, is projected to reach a revised size of 94.1 Thousand Tons by 2027, growing at a CAGR of 2.7% over the analysis period 2020-2027. Antibacterial Agent, one of the segments analyzed in the report, is projected to record a 2.7% CAGR and reach 30.5 Thousand Tons by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Antifungal Agent segment is readjusted to a revised 2.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at 21.2 Thousand Tons, While China is Forecast to Grow at 5% CAGR
The Antimicrobial Ingredients market in the U.S. is estimated at 21.2 Thousand Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 18.9 Thousand Tons by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 12.9 Thousand Tons by the year 2027.


Antiviral Agent Segment to Record 2.2% CAGR
In the global Antiviral Agent segment, USA, Canada, Japan, China and Europe will drive the 2.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of 12.3 Thousand Tons in the year 2020 will reach a projected size of 14 Thousand Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3% CAGR through the analysis period.