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Anticoccidial Drugs Market Size & CAGR (2021 to 2030)

The global anticoccidial drugs market is expected to have a growth rate of 3.61% CAGR from 2021 to 2030. As a result, the market is anticipated to grow by USD 1691.94 Million by 2028.

Anticoccidial Drugs Market Share Insights

Based on the Drug type, the ionophore anticoccidials segment had the largest market share of the global anticoccidial drugs market in 2022.

Based on animal type, the poultry animal segment had the largest market share of the global anticoccidial drugs market in 2022.

The North American anticoccidial drugs market had the most significant global market share in 2022.

Impact of COVID-19 on the Anticoccidial Drugs Market

The COVID-19 pandemic has significantly impacted the global anticoccidial drugs market, with an increased focus on developing medicines or vaccines for animals to prevent infections.

The transmission of the coronavirus from humans to animals has boosted the market's growth during these pandemic times.

Market Drivers

The YOY growth in the prevalence of coccidiosis and increasing focus on animal health primarily accelerates the global anticoccidial drugs market.

Rising demand to increase the production rate of drugs with high quality and growing disposable income in urban areas driving market growth.

Market Restraints

The need for more skilled persons in manufacturing appropriate drugs and fluctuations in raw material prices are expected to limit market growth.

Anticoccidial Drugs Market Segmentation

Anticoccidial Drugs Market By Drug Type:

- Antibiotic Anticoccidials

- Ionophore Anticoccidials

- Chemical Derivative Anticoccidials

Anticoccidial Drugs Market By Animal Type:

- Poultry

- Swine

- Fish

- Cattle

- Companion Animal

Anticoccidial Drugs Market By Region Analysis

- North America: Leading market with significant growth and advancements in manufacturing drug techniques.

- Europe: Projected growth due to the increasing meat consumption rate and sophisticated pet care industry.

- Asia Pacific: Growing market fueled by pet population and pharmaceutical industry scale in the region.

- Latin America: Steady growth expected, with Brazil and Mexico leading the market.

- Middle East and Africa: Prominent growth rate due to growing poultry industry and rising demand for poultry products.

Key Market Players and Competitive Landscape

Noteworthy companies in the global anticoccidial drugs market include Bayer Health care, Zoetis, Elanco, Merial, Merck Animal Healthcare, Ceva Santé Animale, Virbac, Boehringer Ingelheim Animal Health, Novartis Animal Healthcare, and Smartvet Inc.

Recent Developments in the Market

- Amlan International introduced natural alternatives to anticoccidial drugs in April 2022.

- Zoetis showcased significant weight gain in suckling calves from implants in May 2020.

- Virbac launched Multimin for cattle in September 2019.

- Ceva Sante Animale and ProBioGen partnered to revolutionize poultry vaccines with new technology in October 2019.