Feed Anticoccidials Market is expected to reach US$ 1.63 Billion by 2031

Increase in Livestock Production Bolsters Feed Anticoccidials Market Growth

According to our latest study on “Feed Anticoccidials Market Size and Forecast (2021–2031), Global and Regional Growth Opportunity Analysis – by Type, Form, and Livestock,” the market is expected to grow from US$ 1.25 billion in 2023 to US$ 1.63 billion by 2031; it is estimated to register a CAGR of 3.3% from 2023 to 2031. The report highlights key factors driving the market growth and prominent players along with their developments in the market. Apart from growth drivers, the report covers the feed anticoccidials market trends and their foreseeable impact during the forecast period.

The production of industrial livestock has undergone a significant transformation owing to increasing demand for meat-based products and dairy products. Animal protein accounts for 16% of energy and 34% of the protein in human diets. Livestock production also accounts for ~19% of the value of food production and 30% of the global value of agriculture. The demand for livestock products is driven by changing lifestyles and food preferences, increasing urbanization, growing income, and the rapidly rising world population. With burgeoning livestock demand, the consumption of protein-rich meat products is surging. According to the Food and Agriculture Organization (FAO), worldwide meat protein consumption is predicted to increase by 14% by 2030.

Feed Anticoccidials Market

World milk production is expected to rise by 1.6% annually between 2020 and 2029; it is projected to reach 997 million metric tons by 2029, as per a report by the Organization for Economic Co-operation and Development (OECD) and FAO. Thus, with the increasing consumption of livestock products such as meat and milk, the production of healthy livestock is increasing across the globe. The rising production has encouraged manufacturers to focus on the feed given to the livestock.

Livestock production growth is likely to create a demand for feed anticoccidials to fight against diseases such as coccidiosis. Livestock farmers are also concerned about the health of livestock. Thus, they are adopting various strategies to fight against diseases and investing in feed antibiotics such as anticoccidials. These feed anticoccidials are significantly used as a poultry feed additive. They are also used in the feed of swine, ruminants, and aquaculture. Thus, the upsurging livestock production drives the feed anticoccidial market growth.

Antibiotics offer many beneficial effects with scientific evidence. However, the reason for the growth-promoting effect is still unknown. Many developed countries and regions banned or started banning antibiotics as a growth promoter. For instance, the US Food and Drug Administration (FDA) introduced new regulations effective January 1, 2017, to ban antibiotics as feed supplements to help livestock grow faster. The European Union (EU) banned using antibiotics as growth promoters in animal feed. The ban came into effect on January 1, 2006. Such regulations on the use of antibiotics in animal feed restrain the demand for Ionophores as it is considered as antibiotic. Thus, stringent regulations on the use of anticoccidials in different countries hinder the feed anticoccidials market growth.

The feed anticoccidials market analysis has been performed by considering the following segments: type, form, and livestock. In terms of livestock, the market is segmented into poultry, ruminant, swine, and others. The poultry segment held a significant feed anticoccidials market share in 2023. The segment includes chicken, turkey, quail, and partridges. Coccidiosis is one of the major diseases occurring in poultry, causing diarrhea, significant weight loss, and reduction in poultry production and performance. It is caused by the protozoa of the phylum Apicomplexa, family Eimeriidae. The poultry industry witnesses massive losses due to coccidiosis. Therefore, feed manufacturers are using anticoccidials in medicated feeds to reduce the incidences of coccidiosis in poultry birds. With rising demand for chicken as a lean protein source, livestock breeders are increasing poultry production to meet the increasing demand. As coccidiosis is a commonly occurring disease in poultry birds and can be fatal too, livestock breeders are significantly adopting feed medicated with anticoccidials.

In terms of revenue, Asia Pacific dominated the feed anticoccidials market share in 2023. The region has the presence of a vast number of domestic animals. Recently, the animal healthcare industry has experienced significant changes due to rising awareness and health expenditure, particularly in India and China. These countries have experienced significant growth in livestock breeding for meat and poultry products. Livestock producers are using anticoccidials in their animal feed to meet the increasing demand for milk and meat products. According to the US Department of Agriculture (USDA), poultry production is predicted to remain stable at 14.3 million metric tons in 2023. Increasing awareness regarding livestock-related diseases has driven the demand for anticoccidials as producers seek to mitigate the economic losses associated with coccidiosis through preventive measures. Moreover, the introduction of new anticoccidial drugs and the integration of advanced technologies in animal healthcare boosts the feed anticoccidial market growth in Asia Pacific.

The feed anticoccidials market forecast can help stakeholders plan their growth strategies. Phibro Animal Health Corp, Kemin Industries Inc., Elanco Animal Health Inc., Zoetis Inc., Huvepharma EOOD, Innovista Feeding Solutions Pvt Ltd, Impextraco NV, Virbac SA, International Animal Health Products Pty Ltd, and Zamira Australia Ltd are among the prominent players profiled in the feed anticoccidials market report. These market players focus on providing high-quality products to fulfill customer demand. They are also adopting strategies such as new product launches, capacity expansions, partnerships, and collaborations to stay competitive in the market. For instance, in March 2021, Elanco Animal Health Incorporated, a company delivering products and services to treat disease in farm animals and pets, launched three anticoccidial feeds—ZoaShield, Clinacox, and Cosabody. This product portfolio expansion helped the company meet the needs of producers with antibiotic alternatives as well as protect the animal’s health.

Feed Anticoccidials Market Breakdown – by Region

• The feed anticoccidials market is segmented on the basis of type, form, livestock, and geography. Based on type, the market is segmented into ionophores, chemical anticoccidials, and chemical ionophores. The market for the ionophores segment is subsegmented into monensin, salinomycin, and other inonophores. The market for the chemical ionophores segment is further bifurcated into nicarbazin and other chemical anticoccidials. Based on form, the feed anticoccidials market is bifurcated into dry and liquid. In terms of livestock, the market is segmented into poultry, ruminant, swine, and others. The geographic scope of the feed anticoccidials market report focuses on North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Spain, and the Rest of Europe. The Asia Pacific market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The feed anticoccidials market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The market in South & Central America is further segmented into Brazil, Argentina, and the Rest of South & Central America.