The global demand for Animal Parasiticides Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Animal parasiticide is also known as a veterinary parasiticide. It is a substance or chemical used in veterinary medicines that are used to kill parasites, especially those other than bacteria and fungi. The use of parasiticides has resulted in an enhancement in the health of livestock across the globe. Animal parasiticides used to kill different types of parasites on animals. Animal parasites live on or in the body of animals and can cause irritation, pain, and wounds to animals. Most parasites, if not treated, can cause the death of the host animal. They can affect the yield of various livestock animals like cattle. The importance of animal parasiticides has been identified to protect and cure the parasitic diseases in animals. Companies are developing multiple new formulations and products in the animal parasiticides market to abolish the increasing prevalence of foodborne illnesses.
The global animal parasiticides market is expected to grow at a significant pace during the forecast period owing to the rising knowledge about animal healthcare globally. Further, the increasing number of livestock animals for food production in emerging economies is leading to rising demand for animal healthcare products, which drives the growth of the market. The growth in the animal healthcare expenditure for animal welfare to enhance the health of livestock animals is further propelling the overall market. Moreover, increasing the adoption of companion animals in developed and developing countries is also predicted to influence the market positively. However, a rising inclination towards vegetarian food and diet and a stringent approval process coupled with limitations on the use of parasiticides in food-producing animals are the constraints affecting the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of animal parasiticides.
The entire animal parasiticides market has been sub-categorized into type, animal type, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Animal Type
By End User
- Companion Animals
- Food-Producing Animals
- Veterinary Hospitals & Clinics
- Animal Farms
- Home Care Settings
This section covers regional segmentation which accentuates on current and future demand for animal parasiticides market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Animal Parasiticides Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the animal parasiticides market include Boehringer Ingelheim, Bayer AG, Elanco Animal Health, MERCK, Zoetis, Virbac, CEVA Santé Animale, Vetoquinol S.A., PETIQ, Chanelle Pharma, ECO Animal Health, ABBEY Animal Health, ZYDUS Animal Health, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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