Hyderabad, India -- (SBWIRE) -- 01/03/2018 -- According to the report Anticoccidial Market, published by Market Data Forecast, the Global market is projected to reach USD 1,179 million by 2022, at a CAGR of 3.61% from 2017 to 2022.
Coccidiosis is a severe disease and a parasitic infection of the intestinal tract of animals caused by coccidian protozoa. This disease causes a huge loss by affecting the production, growth and mortality in young animals. So, it is in our best interest in overcoming the problem, from an economic point of view in the animal industry, especially poultry to prevent devastating mislay in meat production.
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Increasing demand for the meat proteins in the developing countries in the Asia-Pacific region and less stringent regulations for anticoccidials (as compared to antibiotics) is driving the market. Additionally, the development of anticoccidial drugs from the natural sources are providing a little, yet additional push for the market growth. Consequently, increasing incidences of coccidiosis and rising global population linked with per capita meat consumption are all driving the growth of the market.
Besides the driving factor for the market, the industry faces few challenges hindering the growth. Excessive use of drugs leading to the resistance to anticoccidial drugs and the lack of product innovations are few of the factors severely restricting the growth of the market.
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Anticoccidial Market: Segmentation
By Drug Type
- Antibiotic anticoccidials
- Ionophore anticoccidials
- Chemical derivative anticoccidials
By Animal Type
- Poultry
- Swine
- Fish
- Cattle
- Companion Animal
By Geography
North America
- The United States
- Canada
Europe
- U.K
- Spain
- Germany
- Italy
- France
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Middle East & Africa
- Middle-East
- Africa
Chemical derivatives segment is expected to command the largest market share in Global Anticoccidial Drugs Market, by drug type in 2017, and vaccines segment is projected to grow at highest CAGR during the forecast period 2017-2022. Similarly, poultry segment is anticipated to account for the major market share of 75% in Global Anticoccidial Drugs Market, by animal type in 2017, and this segment is expected to grow at the highest CAGR during the forecast period 2017-2022.
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Anticoccidial Market: Key Players
The key players operating in the market are Bayer Healthcare, Zoetis, Elanco, Merial, Merck Animal Healthcare, Virbac, Ceva Santé Animale, Boehringer Ingelheim Animal Health, Novartis Animal Healthcare and Smartvet Inc. The industry is and will remain to face diverse challenges related to microbial resistance build-up and government regulations in the US and Europe. However, opportunities seem to abound in the regions of Asia-Pacific and South America and major players will be looking to expand into less regulated regions.
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