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What is the Predicted CAGR for the Anticoccidial Drugs Market Over the Forecast Period of 2025 to 2034?

There has been a robust expansion in the anticoccidial drugs market in the past few years. The market value is expected to surge from $1.27 billion in 2024 to $1.37 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 7.6%. Factors such as the rising global incidence of coccidiosis, an increase in pet animal ownership, a high rate of coccidiosis prevalence, economic implications, and heightened concerns about the safety of animal food and health have contributed to the growth seen in the historical period.

The market for anticoccidial drugs is predicted to experience substantial growth in the upcoming years. It is anticipated to increase to $1.81 billion in 2029, displaying a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this expected escalation during the forecast period include the surge in veterinary healthcare, a higher incidence of coccidiosis in animals, the escalating usage of synthetic drugs, the burgeoning requirement for feed additives, and a rise in livestock production. In the prediction period, crucial trends encompass increasing demand due to emerging strains of coccidiosis, a trend towards adopting natural and alternative remedies, heightened regulation sparking innovation, a rising preference among consumers for poultry products free from antibiotics, developments in the technology for drug delivery, increased attention on preventive health measures, and broadening applications in the sectors of aquaculture and companion animal.

Which Macro and Microeconomic Factors Are Accelerating the Growth of the Anticoccidial Drugs Market?

The anticoccidial drug market is poised to grow as the demand for meat proteins accelerates. Meat proteins, found naturally in animal flesh and composed of a variety of essential amino acids, are increasingly popular due to population growth, rising disposable income, urbanization, and a shift toward protein-heavy diets. Anticoccidial drugs are a critical component in contemporary livestock farming as they promote animal health and productivity, vital for meeting the escalating demand for meat proteins in an efficient and sustainable manner. For example, an OECD report in July 2023 indicated that in contrast to the 2% increase in global average per capita meat demand projected from the 2020-2022 period to 2032, the FAO meat price index spiked by 10% in 2022 due to lower export supplies. Hence, the escalating demand for meat proteins is fueling the expansion of the anticoccidial drug market. In relation to the anticoccidial drugs market driver, an increasing trend in poultry farming is anticipated to push forward the growth of the anticoccidial drug market. Poultry farming involves the farming of domesticated birds such as chickens, turkeys, ducks, and geese for their meat, feathers, or eggs. This rise in poultry farming is encouraged by a growing demand for protein, enhanced farming techniques, and the widening scope of international trade. These birds are often given anticoccidial drugs through their feed or water as a preemptive measure to shield them from coccidiosis during their early and most susceptible growth stages. For example, as per the U.S. based USDA Economic Research Service, the poultry industry reported total sales of $76.9 billion in 2022, marking a 67% jump from the previous year. As such, the increasing trend of poultry farming is stimulating the anticoccidial drug market’s growth.

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Who Are the Top Companies Driving Innovation and Growth in the Anticoccidial Drugs Market?

Major companies operating in the anticoccidial drugs market are:

• Johnson & Johnson

• Merck and Co. Inc.

• Bayer AG

• Novartis AG

• Eli Lilly and Company Ltd.

What Key Trends Are Currently Impacting the Anticoccidial Drugs Market’s Development?

Leading organizations in the anticoccidial drugs market are concentrating their efforts on the creation of novel solutions such as synthetic coccidiostat. This aims to increase effectiveness, reduce the likelihood of resistance, and tackle emerging obstacles in poultry and livestock management. Synthetic coccidiostat, a chemically fabricated compound, is utilized to prevent or manage coccidiosis by arresting the coccidia parasites’ growth and breeding in animals. For instance, Zoetis, an animal health corporation based out of the US, introduced Avi-Deccox in March 2023. This reformulated synthetic coccidiostat concentrates on managing coccidiosis in broiler chickens. It specifically targets Eimeria acervulina and Eimeria tenella pathogens that cause considerable financial damages to poultry farming. Similar to the preceding Deccox, the product spotlights decoquinate as its potent component. By employing a varied action pathway, Avi-Deccox effectively counters the intensifying resistance problem associated with the recurring use of ionophores in poultry farming, leading to a more powerful short-term knock-down effect.

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What Are the Main Segments of the Anticoccidial Drugs Market, and How Are They Evolving?

The anticoccidial drugs market covered in this report is segmented –

1) By Drug Class: Ionophore, Antibiotic, Sulphonamides, Chemical Derivative, Other Drug Classes

2) By Drug Action: Coccidiostatic, Coccidiocidal

3) By Application: Poultry, Swine, Fish, Cattle, Companion Animals

4) By Distribution Channel: Veterinary Hospitals, Retail Pharmacy, Other Distribution Channels

Subsegments:

1) By Ionophore: Monensin, Lasalocid, Salinomycin

2) By Antibiotic: Tylosin, Lincomycin, Bacitracin

3) By Sulphonamides: Sulfadimethoxine, Sulfaquinoxaline

4) By Chemical Derivative: Diclazuril, Clopidol

5) By Other Drug Classes: Amprolium, Robenidine

Which Geographical Regions Are Pioneering Growth in the Anticoccidial Drugs Market?

North America was the largest region in the anticoccidial drugs market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anticoccidial drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Are the Defining Aspects of the Anticoccidial Drugs Market Landscape?

Anticoccidial drugs are a class of medications used to prevent and treat coccidiosis, a parasitic disease of the intestinal tract caused by protozoa of the genus Eimeria. These drugs work by inhibiting various stages of the coccidia life cycle, controlling the infection, and preventing the severe intestinal damage and related symptoms associated with the disease. Anticoccidial drugs are commonly used in veterinary medicine, particularly poultry, to enhance health and productivity by managing this widespread and economically significant condition.

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