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(MoneyNewsWire.Net, September 26, 2017 ) According to the report Latin America Anticoccidial Drugs Industry, published by Market Data Forecast, The Industry is estimated to grow from $186.4 million in 2015 to $225 Million by 2020 at a CAGR of 3.81%.
The ban on consumption of antibiotics as a source of animal feed and the upsurge in incidences of antibiotic resistance microbes has seen a reduced growth in the antibiotic Industry, nevertheless the rising incidence of coccidiosis over the preceding 50 years and its control on the overall cost to benefit ratio for the meat industry has furthered the anticoccidials drug Industry.
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Coccidiosis infects a wide range of animals, such as cattle, poultry species, pigs and sheep which is responsible for the downfall in meat production. Further, increase in consumer awareness for a healthy diet containing meat proteins is causing a demand for meat production. This has created a need for adoption of antibiotics (Anticoccidial drugs) by farmers to meet the growing demand for meat production. Besides, less stringent regulations and increased expenditure on companion animals are also assistant in growth of Latin America anticoccidial drugs Industry. Further, the trend of owning companion animals is causative to the growing usage of anticoccidials in developing regions.
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The Latin America anticoccidial drugs Industry is classified based on various types of animals and by type of drugs. The animal segment is sub-categorised into poultry, swine, fish, cattle and companion animals. The companion animal segment is divided into dogs and cats. In addition to this the Industry is segmented under antibiotic anticoccidials, Ionophore anticoccidials and chemical derivative anticoccidials. Furthermore, on the basis of geography, the Latin America Industry is analysed under various regions namely, Argentina, Brazil, and Mexico.
The anticoccidial Industry is facing diverse challenges in form of microbial resistance build-up to antibiotics and stringent government regulations in developed nations, consequently forcing the major players to look for leniently regulated Industrys in the Latin American regions. These being the regions estimated to grow the most during the forecasted period. Some of the key players operating in the Industry are Bayer Health care, Zoetis, Elanco, Merial, Merck Animal Healthcare, Virbac, Ceva Santé Animale, Boehringer Ingelheim Animal Health, Novartis Animal Healthcare and Smartvet Inc.
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Key Points from Table of Contents
Overview
• Executive Summary
• Key Inferences
• New Developments
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Latin America Anticoccidial Drugs Industry: Segmentation
• By Drug Type
o Antibiotic anticoccidials
o Ionophore anticoccidials
o Chemical derivative anticoccidials
• By Animal Type
o Poultry
o Swine
o Fish
o Cattle
o Companion Animal
Geographical Analysis
• Brazil
• Argentina
• Mexico
Strategic Analysis
• PESTLE analysis
• Porter’s Five analysis
Industry Leaders' Analysis
Competitive Landscape
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