The anticoccidial drugs market is expected to show a modest growth rate at a CAGR of around 4% during the forecast period 2020-2026. Coccidiosis is one of the most common diseases in the chicken. It is an intestinal disease that is caused due to the parasitic organism attaching itself to a chicken’s intestinal lining due to which chicken is not able to absorb the required nutrients through intestines. Besides, it is also a prevalent disease in other animals including, cattle, swine, and companion animals. The disease is treatable most of the time through anticoccidial drugs if diagnosed at an early stage. Route of administration of the drug is through the water supply of chicken and if not possible, it is fed orally.
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High meat consumption, increasing awareness related to healthy food, rising disposable income, rising chances of zoonotic diseases (disease passing from animals & insect to people) are the key factors for the growth of the anticoccidial drugs industry across the globe. Factory farming for meat is on the rise globally where a large number of animals including cows, pigs, turkeys, goats, sheep, pigs, or chickens are kept together to increase productivity at the lowest possible cost. For instance, in the US, more than 95% of animals are produced in factory farming for maximizing agribusiness profit. These considerably raises the chances of spreading diseases among other fellow animals if one animal gets infected by a particular disease.
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Moreover, government support to poultry and dairy farming and the development of a better supply chain of drugs are also considerable factors contributing to the growth of the market. However, an alternative solution such as vaccines for coccidiosis is also available in the European region which is a restraining factor for the drug market growth. In some regions, herbal medicines are also widely used for the treatment of coccidiosis which is restraining the market growth.
Global Anticoccidial Drugs Market Segmentation
By Drug Type
- Antibiotic
- Ionophore
- Chemical Derivative
By Animal Type
- Poultry
- Swine
- Cattle
- Companion Animal
- Other
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
