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Latin America's anticoccidial drugs market to grow at a CAGR of 3.81% during 2015 to 2020 made available by top research firm

According to the report Latin America Anticoccidial Drugs Market, published by Market Data Forecast, The market is estimated to grow from $186.4 million in 2015 to $225 Million by 2020 at a CAGR of 3.81%.

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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.

Browse market data tables and in-depth TOC of the Latin America Anticoccidial Drugs Market to 2021 @ www.marketdataforecast.com/market-reports/latin-america-anticoccidial-drugs-market-26/

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.

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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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Latin America Anticoccidial Drugs Market: Segmentation

By Drug Type             

  • Antibiotic anticoccidials
  • Ionophore anticoccidials
  • Chemical derivative anticoccidials

By Animal Type         

  • Poultry
  • Swine
  • Fish
  • Cattle
  • Companion Animal

The anticoccidial market 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 markets 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 market 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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Reasons to access Latin America Anticoccidial Drugs Market Report:

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

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