The anticoccidial drugs market is anticipated to grow at a modest CAGR of around 4% during the forecast period 2020-2026. Coccidiosis is a parasitic disease which is caused due to coccidian protozoa. The primary symptom of the disease includes diarrhea which may become bloody in severe cases. Coccidiosis is found in dogs, chickens, cattle, goats, and many other species. Sometimes, there is also a risk of transferring this disease to humans through dogs. Besides, it is one of the most common diseases among chickens, especially in young chickens.
Increasing meat consumption is a key factor for the growth of the poultry industry all across the globe, which in turn will augment the demand of anticoccidial drugs. The US is the largest poultry market all across the globe. As per the United States Department of Agriculture, the per capita poultry consumption has been increased to more than 51 kg per capita in 2019 as compared to nearly 45 kg per capita in 2010. Flat market growth is expected in 2020, majorly due to COVID-19 pandemic and lockdowns in the country. However, poultry consumption is again expected to increase in 2021 near to 51.5 kg per capita consumption.
OMR Global Recently Published Report on: https://www.omrglobal.com/industry-reports/anticoccidial-drugs-market
Global Anticoccidial Drugs Market- Segmentation
By Drug Type
- Antibiotic
- Ionophore
- Chemical Derivative
By Animal Type
- Poultry
- Swine
- Cattle
- Companion Animal
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