Anticoccidial Drugs Market size was valued at USD 1,142.60 million in 2022, growing at a CAGR of 8.5% during the forecast period 2023-29. Anticoccidial Drugs Market is one of the common poultry disease, which is caused by the parasite called as coccidian protozoa. It is highly resistant to harsh, rough environment and disinfectants. Anticoccidial Drugs Market exists in the intestinal tract and undergoes multiplication to cause damage to the tissues, in turn, impede with the absorption of nutrients and digestion of food that may lead to the dehydration of body and blood loss. Damaging of tissue in the animal may make the bird more infection prone to bacteria such as salmonella and clostridia. The disease transfers from one to other by contact with infected litter, faeces or damaged tissue. Coccidiosis is prevented by maintaining litter management and proper sanitation. Anticoccidial medications are used in conventional animal feeding, which is usually added to animal feed for prevention of coccidiosis. Rising Population pool, stability in economic conditions are leading to the rise in demand for foods with rich proteins, especially in the developing nations. Companies in veterinary healthcare were well established for addressing the growth of emerging markets towards the demand for the high-protein diets. Continuous investments for the innovations and the technological advancements for the development of animal health drugs.
Anticoccidial Drugs Key Developments:
Fastest Growing Market
Increasing prophylactic usage of anticoccidial drugs and rise in demand for the meat products are the major factors which are driving the growth of the anticoccidial drugs market. Furthermore, the feasible regulatory framework for the development and approval of the products and increase in governments spending on the healthcare of companion animals, increasing safety concerns about food and health of animals, improving prices and quality of meat and dairy product globally are the factors which are fuelling the growth of the anticoccidial drugs market globally. However, lack of awareness, high prices of the raw materials and cost of the products may hinder the Additives in Animal Feed Market growth.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Anticoccidial Drugs Market size was valued at USD 1,142.60 million in 2022, growing at a CAGR of 8.5% during the forecast period 2023-29.
The anticoccidial drugs market has been experiencing steady growth driven by increasing demand for poultry and livestock products along with the rising prevalence of coccidiosis in animals, coupled with ongoing research and development efforts for improved treatments.
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