Global Animal Parasiticides Market
Market Size in USD Billion
CAGR :
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 Forecast Period |
2023 –2029 |
 Market Size (Base Year) |
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 Market Size (Forecast Year) |
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 CAGR |
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Global Animal Parasiticides Market, By Product Type (Ectoparasiticides, Endectocides, Endoparasiticides), Animal (Companion Animals, Food-producing Animals), End User (Veterinary Hospitals and Clinics, Animal Farms, Home Care Settings), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Animal Parasiticides Market
Data Bridge Market Research analyses that the animal parasiticides market to growing at a CAGR of 5.45% in the forecast period of 2022-2029. The rising demand for animal-derived food products will help in driving the growth of the animal parasiticides market.
Animal parasiticides are chemicals that kill parasites other than fungi and bacteria in livestock, pets, and other animals. These are generally inert ingredients that are created in a formulation and contain one or more active ingredients. The majority of parasiticidal active ingredients have similar chemical structures and share many characteristics. They are frequently classified into chemical classes or families.
The global animal parasiticides market is expected to grow significantly over the forecast period owing to increased global awareness about animal healthcare. Furthermore, the growing number of livestock animals used for food production in emerging economies is increasing demand for animal healthcare products, which is driving the growth of the global animal parasiticides market. An increase in animal healthcare expenditure for animal welfare to improve livestock animal health is fueling the overall animal parasiticides market. Furthermore, rising adoption of companion animals in developed economies is expected to have a positive impact on the animal parasiticides market.
Growing concerns about zoonotic diseases, regulations to prevent the spread of animal diseases, the growth of the companion animal market, and rising animal health expenditure are expected to accelerate the growth of the animal parasiticides market during the forecast period.
However, certain restraints are affecting the global animal parasiticides market such as growing preference for vegetarian food and diet, stringent approval process for animal parasiticides, and restrictions on the use of parasiticides in food producing animals.
This animal parasiticides market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on animal parasiticides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Animal Parasiticides Market Scope and Market Size
Animal parasiticides market is segmented on the basis of product type, animal and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the animal parasiticides market is segmented into ectoparasiticides, endectocides and endoparasiticides. Ectoparasiticides is further segmented into pour-ons and spot-ons, tablets and sprays. Endoparasiticides is further segmented into oral solids, injectables and feed additives.
- Animal parasiticides market has also been segmented based on the animal into companion animals and food-producing animals. The food-producing animals segment is further sub segmented into cattle, sheep, poultry, pigs, goats and other animals. Companion animals are further sub-segmented into dogs, cats and horses.
- Animal parasiticides market has also been segmented based on end user into veterinary hospitals and clinics, animal farms and home care settings.
Animal Parasiticides Market Country Level Analysis
The animal parasiticides market is analysed and market size insights and trends are provided by country, product type, animal and end user as referenced above.
The countries covered in the animal parasiticides market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the animal parasiticides market due to increased consumption of animal-derived food products, rising demand for companion animal healthcare products, and rising demand for innovative parasiticides by veterinarians, pet owners, and food-producing animal producers, while Asia-Pacific is expected to grow at the fastest rate during the forecast period of 2022 to 2029 due to an increase in farm animal population and a focus on healthcare practises.
The country section of the animal parasiticides market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure GROWTH Installed BASE and New Technology Penetration
The animal parasiticides market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for animal parasiticides market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the animal parasiticides market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Animal Parasiticides Market Share Analysis
The animal parasiticides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to animal parasiticides market.
Some of the major players operating in the animal parasiticides market are Eli Lilly and Company., Merck and Co., Inc., Bayer AG, Virbac, Vetoquinol S.A., Oceanic Pharmachem, Zoetis, Boehringer Ingelheim International GmbH, Ceva, Bovian Health Care, Intas Pharmaceuticals Ltd., Erbe Elektromedizin GmbH, Conmed Corporation¸ Megadyne Medical Products, Inc., KLS Martin Group, ACOMA Medical Industry Co., Ltd, Doral Medical, Perlong Medical Equipment Co., Ltd., Stryker, and Special Medical Technology among others.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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