Oxyclozanide Market Report

Market Insights

The oxyclozanide market is projected to grow from USD XX million in 2020 to USD XX million by 2026 at a CAGR of around XX% during the forecast period.

Figure: Oxyclozanide Market Size, 2020-2026 (USD Million)

Wish to get a free sample? Register Here

What is oxyclozanide?

Oxyclozanide is the antiparasitic active ingredient, that is used as a veterinary medicine for the treatment of internal parasites (majorly flukes) in livestock. They are used majorly for the fascioliasis in the ruminants mainly in domestic animals such as cattle, goats, and sheep.

Key Players

Key players operating in the oxyclozanide market are-

• Siflon Drugs
• Yabang
• Gharda
• ASCENT PHARMA
• Aarambh Life Science
• Proventus
• Excel Industries
• Konar Organics
• Neha Pharma,
• D. H. Organics

Market Dynamics

The growth of the oxyclozanide market is primarily driven by the increasing demand from livestock such as cattle, goats, and sheep which is coupled with the growth of feed additives in the animal. Thus, an increase in demand for feed additives is expected to boost the market in the forecast period. Increasing demand from veterinary medicine is likely to drive the growth of Oxyclozanide at a significant rate during the review period.

Segment's Analysis

Application Trends

By application, the oxyclozanide market has been injectables, oral liquids, feed additives, and others. Under these, the feed additives segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period due to the growth of livestock medicines.

Regional Trends

By region, the market in the Asia Pacific accounted for the largest market share of around 35% in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to growing usage in the livestock sector.

COVID-19 Impact on Oxyclozanide Market

Covid-19 outbreak impacted the growth of the Oxyclozanide market negatively. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which in turn affected the product availability on time. Additionally, the sluggish growth of the livestock industry affected the product demand further.

Critical Questions Answered in the Report

• What are the key trends in the Oxyclozanide market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Oxyclozanide market?
• What are the key strategies adopted by the major vendors to lead in the Oxyclozanide market?
• What is the market share of the top vendors?

Get the full scope of the report. Register Here

Target Audience

Here is the list of the group of customers that the oxyclozanide market hopes to have the greatest opportunity to convert-

• Oxyclozanide distributors
• Oxyclozanide suppliers
• Oxyclozanide manufacturers
• Logistics organizations
• Government bodies

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].