Press release
Anticoccidial Drugs Market to Witness Exponential Growth by 2020
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The global anticoccidial drugs market is categorized based on various types of animals and by type of drugs. The animal segment is further sub-segmented into swine, poultry, cattle, fish and companion animals. The companion animal sub-segment includes dogs and cats. The drug segment includes Ionophore anticoccidials, antibiotic anticoccidials and chemical derivative anticoccidials.
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In terms of geographic, North America dominates the global anticoccidial drugs market due to prophylactic usage of anticoccidials in animal feed. The U.S. represents the largest market for anticoccidial drugs followed by Mexico and Canada in North America. The European market for anticoccidial drug is mainly driven by increased meat consumption in the region. Germany, France, the U.K., and Spain holds major share of the European anticoccidial drugs market. However, Asia is expected to show high growth rates in the next five years in global anticoccidial market. This is due to the increased demand for meat proteins in countries, such as India and China.
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In recent time, increasing prophylactic usage of anticoccidial drugs and increased demand for meat proteins are some of the major drivers for global anticoccidial drugs market. Moreover, less stringent regulations and increased government spending on companion animals are also supporting in growth of global anticoccidial drugs market. In addition, food safety concerns and improving meat prices in different parts of the world holds immense potential in growth of the global anticoccidial drugs market.
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