Global Anticoccidial Drugs Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Anticoccidial Drugs Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global anticoccidial drugs market report has been segmented on the basis of the type of animal, type of drug, and region.
Global Anticoccidial Drugs Market: Overview
Coccidiosis, caused by the parasites of the genus Eimeria which is one of the most severe poultry diseases worldwide. Coccidiosis is a type of common disease in animals caused by protozoan-type parasites namely coccidia. These parasites live as well as multiple in the intestinal tract and cause tissue damage in animals. Anticoccidial medications are used in conventional poultry production and commonly are added to poultry feed to prevent coccidiosis diseases. Coccidiosis is a type of parasitic disease and is the most important parasitic disease in poultry species such as pigs, rabbits, and cattle. Coccidiosis can cause a serious potential impact on animal health which may result in high mortality rates in animals
Global Anticoccidial Drugs Market: Dynamics
Increasing demand for meat protein and rising need to protect poultry animals are some major key factor expected to drive the revenue growth of the target market over the forecast years. In addition, rising disposable income in developing countries, growing population, higher demand for diversified nutrition need, increasing consumption of meat, ready-to-eat meat products, frozen meats, and dairy products are some of the other factors expected to increase the demand for anticoccidial drugs globally. Furthermore, rising awareness among the global population regarding healthy and safe meat products is another factor expected to drive growth of the global anticoccidial drugs market. However, stringent government regulation is a major factor expected to hamper the growth of the target market to a significant extent.
Global Anticoccidial Drugs Market: Segment Analysis
Among the type of animal segments, the poultry is expected to register the highest market share in terms of revenue. This is primarily attributed to, shifting consumer preference toward more animal proteins. Among the type of drug segments, antibiotic anticoccidials are expected to witnessed highest market revenue share over the forecast period.
Global Anticoccidial Drugs Market: Trends
Major players are adopting key strategies such as acquisitions, joint ventures, and product launches by with a view to expanding the business. For instance, in March 2019, Creative Diagnostics launched a series of the innovative anticoccidial drug.
Global Anticoccidial Drugs Market: Regional Analysis
In 2019, the markets in North America is projected to a significant major share in the target market over the forecast period. This is primarily due to, growing demand for high-quality beef, improving the standard of living, rapid urbanization in countries in the region. The market in the Asia Pacific is projected to witness the highest CAGR over the forthcoming years. This is primarily to, growing livestock population and increasing demand for milk and dairy products which in turn is expected to support growth of the global anticoccidial drugs market in the Asia Pacific.
Global Anticoccidial Drugs Market Segmentation:
Segmentation by type of animal:
- Others (Cat, Dog, etc.)
Segmentation by type of drug:
- Ionophore anticoccidials
- Antibiotic anticoccidials
- Chemical derivative anticoccidials.
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Merial GmbH
- Novartis Animal Health Inc.
- Ceva Sante Animale S.A.
- Boehringer Ingelheim GmbH
- Virbac SA
- Zoetis Inc.
- Smartvet Inc.
- Biopredic International
- Intas Pharmaceuticals Limited
- Dosch Pharmaceuticals Pvt. Ltd.
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