Global Feed Anticoccidials Market, By Livestock (Poultry, Ruminant, Swine), Type (Monensin, Salinomycin, Narasin, Diclazuril), Mode of Consumption (Oral, Injection), Form (Dry, Liquid), Source (Chemical, Natural), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Feed Anticoccidials Market
Data Bridge Market Research analyses that the feed anticoccidials market will project a compound annual growth rate (CAGR) of 6.40% during the forecast period of 2022-2029 and is likely to reach the USD 3.50 billion by 2029.
Feed infections are a major concern in the poultry industry since they have such a significant impact on the poultry profitability. Coccidiosis is a disease that affects animals. To prevent coccidiosis in animals, efficient and early control measures must be used. Coccidiosis can be prevented by using anticoccidials in poultry feed.
The rising threat of coccidiosis in livestock and increasing prevalence of favourable regulatory norms will influence the revenue growth of feed anticoccidials market. The upsurge in the demand for natural feed anticoccidials due to rising consumer awareness will accelerate the market’s growth. Rapid urbanization and increasing level of disposable income of people are the significant market drivers that will further flourish the growth rate. Furthermore, increasing focus on animal healthcare will bolster the growth rate of feed anticoccidials market. Other factors such as increase in the demand for antimicrobials in feed will positively impact the growth rate of feed anticoccidials market. Another significant factor includes upsurge in the sale of poultry feeds will act as a key trend that will further cushion the market’s growth rate.
Moreover, the development of high quality and new raw material and emerging new markets will further create lucrative and remunerative growth opportunities for the feed anticoccidials market during the forecast period 2022-2029. Additionally, increase in technological innovations and strong demand from various end-use industries will further propel the new growth opportunities in the future year.
However, surging focus on prevention strategies will restrict the use of anticoccidials and strict regulations along with ban on anticoccidials in various countries will derail the feed anticoccidials market’s growth rate. Also, potent residue levels of medicated feed ingredients increasing health risk of consumers will pose major challenges to the growth of the market. The negative impact of COVID-19 on supply chain, and stability of feed and livestock chain will act as major market restrain and further hinder the growth rate of feed anticoccidials market.
This feed anticoccidials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on feed anticoccidials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Feed Anticoccidials Market Scope and Market Size
The feed anticoccidials market is segmented on the basis of livestock, type, mode of consumption, form and source. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of livestock, the feed anticoccidials market is segmented into poultry, ruminant and swine.
- Based on type, the feed anticoccidials market is segmented into monensin, salinomycin, narasin and diclazuril.
- Based on mode of consumption, the feed anticoccidials market is segmented into oral and injection.
- Based on form, the feed anticoccidials market into dry and liquid.
- The feed anticoccidials market is also segmented on the basis of source into chemical and natural.
Feed Anticoccidials Market Country Level Analysis
The global feed anticoccidials market is analyses and market size, volume information is provided by country, livestock, type, mode of consumption, form and source as referenced above.
The countries covered in the feed anticoccidials market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the feed anticoccidials market and will continue to flourish its trend of dominance during the forecast period owing to the lenient regulations associated with the use of anticoccidials in feed and increasing livestock population in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to high consumption rate of chicken meat which will also increase the sales figures in poultry feeds in this region.
The country section of the feed anticoccidials market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Feed Anticoccidials Market Share Analysis
The feed anticoccidials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to feed anticoccidials market.
Some of the major players operating in the feed anticoccidials market are Bioproperties Pty Ltd, Elanco., Phibro Animal Health Corporation, Qilu Animal Health Products Co., Ltd., Impextraco NV, Kemin Industries, Inc., Virbac, Zoetis, Bayer AG, Adnimalis Group, Elixir Group, Boehringer Ingelheim International GmbH., Ceva, Huvepharma EOOD, and Merck & Co. Inc., among others.
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