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(MoneyNewsWire.Net, December 08, 2017 ) The Latin America market for anticoccidial drugs 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 market, 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 market.
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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 market. 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 market 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 market is segmented under antibiotic anticoccidials, Ionophore anticoccidials and chemical derivative anticoccidials.
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Latin America Anticoccidial Drugs Market Geographical Analysis Brazil Mexico Rest of Latin America
Latin America Anticoccidial Drugs Market Leaders' Analysis Bayer Health care Zoetis Elanco Merck Animal Healthcare Virbac Ceva Santι Animale Boehringer Ingelheim Animal Health Novartis Animal Healthcare Smartvet Inc.
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