feed anticoccidials Market

The feed anticoccidials market size is projected to reach US$ 1.63 billion by 2031 from US$ 1.25 billion in 2023. The market is expected to register a CAGR of 3.3% during 2023-2031.

Feed anticoccidials are feed additives used to prevent intestinal diseases like coccidiosis among livestock animals. It is considered as antibiotic in animal feed. Thus, livestock farmers and feed manufacturers are incorporating anticoccidials in animal feed which can further reduce the impact of intentional disease caused by parasites. Moreover, the surging livestock population across the globe with increasing meat and dairy consumption creates huge demand for feed anticoccidials as a feed additive.

Industrial livestock production 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 upsurging. According to the Food and Agriculture Organization (FAO), worldwide meat protein consumption is predicted to increase by 14% by 2030. 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.

The growth in livestock production 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.

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 poultry 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.

A few players operating in the feed anticoccidials market Phibro Animal Health Corp, Kemin Industries Inc., Elanco Animal Health Inc., Zoetis Inc., and Huvepharma EOOD, Innovista Feeding Solutions Pvt Ltd, Impextraco NV, Virbac SA, International Animal Health Products Pty Ltd, Zamira Australia Ltd and among others. Players operating in the feed anticoccidials market focus on providing innovative and healthy products at affordable prices to fulfill customer demand.

The overall feed anticoccidials market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the feed anticoccidials market.