Increasing Demand for Natural Feed Anticoccidials, Due to Rising Consumer Awareness Drives Feed Anticoccidials Market


Posted April 24, 2020 by mitakumar2

Lenient regulations regarding chemical anticoccidials and increasing livestock population in countries such as China, Japan, Thailand, and India are driving the Asia Pacific market growth.

 
The feed anticoccidials market is estimated to account for USD 331 million in 2019 and is projected to reach USD 429 million by 2025, growing at a CAGR of 4.4% during the forecast period. The rising demand for natural anticoccidials in the feed industry and increasing health awareness for animals projected to drive the feed anticoccidials market.

The feed anticoccidials market is extremely consolidated at the global level, with established as well as domestic players. In response to the growing preference of consumers for natural feed products, companies such as Kemin Industries (US) and Bioprocess Pyt Ltd (Australia) developed products for treating coccidiosis in livestock. Expected ban on some of the chemical anticoccidials in the European region is estimated to drive the growth of natural/ herbal anticoccidial products.

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Elanco Animal Health is one of the market leaders in the US and is focusing on improving its global presence using strategies such as agreement and expansion. In January 2019, the company entered into an agreement with Performance Livestock Analysis Inc. (PLA) (US), which will enable access between Elanco’s Benchmark service and PLA’s Performance Beef platform to allow better livestock monitoring and improve decision making in the case of potential outbreaks. Also, the company expanded its facility in Winslow, Maine, US to increase the production of vaccines for applications in poultry to cater to increasing demand from poultry farmers in the US.

Huvepharma (Bulgaria) is among one of the major pharmaceutical players developing, manufacturing, and marketing human and animal health products. The company also manufactures and markets enzymes for food, feed, and industrial applications. The company has a strong product portfolio that consists of anticoccidials, veterinary products, feed additives, APIs, and medicated feed additives. The company focuses on acquisition strategy and have made four acquisitions from 2014 to 2018. In September 2018, the company acquired Neovia’s (France) animal health division from the InVivo (France) to bolster prospects in the European market for livestock products.

Merck Animal Health (US) provides a wide range of veterinary pharmaceuticals, vaccines, and health management solutions & services to veterinarians, farmers, pet owners, and governments. Merck Animal Health was formed due to the merger between Intervet/Schering-Plough Animal Health (Germany) and Merck in 2009. The company focuses on launching new products and acquiring companies to increase their presence in the market. In December 2018, the company acquired Antelliq Group (France), engaged in digital identification products for livestock in a deal valued at USD 2.37 billion to bolster its animal health unit for a prospective spin-off.

Coccidiosis is seen majorly in the chicken, which is one of the major factor contributing the largest share for the poultry segment. There is a high prevalence of coccidiosis in the breeders due to lower immunity, which fuels the market for anticoccidials in the breeders feed. Anticoccidials in poultry are primarily required and used for both prevention and treatment. Majority of species of Eimeria are seen in chicken which includes Eimeria acervulina, E. brunette, E. necatrix, E. tenella, E. maxima, E. mitis, E. mivati and E. hagani which increases the demand of anticoccidials for prevention and treatment of coccidiosis.

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The Asia Pacific was estimated to account for the largest share of the feed anticoccidials market in 2019, due to lenient regulations on the usage of anticoccidial in feed and increasing livestock population in the region. Moreover, the availability of chemical anticoccidials is more in countries such as China, Japan, Thailand, and India fuels the market for feed anticoccidials in this region. Ban on the usage of chemical anticoccidials in Europe and limitations on its usage in North American is fueling the demand in the Asia Pacific region. Lack of awareness regarding the usage of chemical anticoccidials and its hazards in animals is the primary reason for the growth of anticoccidials in the Asia Pacific region.
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Issued By MarketsandMarkets
Country United States
Categories Agriculture
Tags feed anticoccidials market
Last Updated April 24, 2020