Global Animal Parasiticides Market is projected to exhibit decent growth between 2023 and 2032, driven by the high demand for animal protein in human food.
Food acts as an important medium to transmit food-borne pathogens. The increasing consumption of animal-derived food products and the rising prevalence of food-borne and zoonotic diseases have accentuated the usage of animal parasiticides to reduce the risk factors associated with these diseases.
This, in consequence, is likely to favor the expansion of the animal parasiticides industry.
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Moreover, a noticeable rise in the pet population worldwide has presented several growth opportunities to industry participants. To cite an instance, Merck Animal Health, an animal healthcare company, announced the approval from the Australian Pesticides and Veterinary Medicines Authority for a novel injectable formulation of BRAVECTO® (fluralaner) for treating and preventing flea infestations, control of paralysis ticks, control of brown dog ticks, and control of flea allergy dermatitis.
The animal parasiticides market is segmented by animal product, end-use, and region.
Based on product, the animal parasiticides market from the endectocides segment is projected to witness more than 5.5% CAGR from 2023 to 2032. The rising usage of endectocides in peridomestic cattle and other livestock animals can drastically decrease the number of zoophagic parasites, thereby contributing to product sales. Furthermore, utilization of livestock-administered endectocides has been analyzed as a feasible and acceptable technique for controlling animal-feeding malaria vector species throughout African countries, which is anticipated to boost product demand over the next ten years.
Regarding the end-use, the animal parasiticides market from the veterinary hospitals and clinics segment is expected to amass significant revenue share by 2032. The increased use of animal parasiticides in healthcare facilities and the surging incidences of parasitic infections will promote industry growth. Moreover, the rising concerns about animal health in developing nations is one of the key factors contributing to the segment growth over 2023-2032.
From a regional perspective, Europe animal parasiticides market is expected to surpass USD 5 billion by 2032, owing to the high R&D spending and the growing awareness about animal health. Additionally, the ongoing development of advanced veterinary healthcare infrastructure and the rising adoption of pet insurance are expected to foster regional industry growth. Furthermore, increasing strategic initiatives by leading manufacturing firms in the region will augment the industry outlook in the coming years.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Industry coverage
1.2 Market scope and definitions
1.3 Base estimates and working
1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data sources
1.7.1 Primary
1.7.2 Secondary
1.7.2.1 Paid sources
1.7.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Animal parasiticides industry 3600 synopsis, 2018 - 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Animal type trends
2.1.4 End-use trends
2.1.5 Regional trends
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The global animal parasiticides market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth.
With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each animal parasiticides market player in a comprehensive way.
Further, the animal parasiticides market report emphasizes the adoption pattern of the animal parasiticides market across various industries.The animal parasiticides market report highlights the following players:The Chanelle GroupVirbacZoetis, Inc.VetoquinolMerck & Co., Inc.Elanco (Eli Lilly and Company)Ceva Santé AnimaleBoehringer Ingelheim GmbHBimeda Animal HealthBayer AG.The animal parasiticides market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.Important regions covered in the animal parasiticides market report include:North America (U.S., Canada)Europe (Germany, France)Asia Pacific (India, China)Middle East & Africa (South Africa, GCC Countries)Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S_id=4316The animal parasiticides market report takes into consideration the following segments by product type:Oral TabletsDipsSpraySpot-onOral SuspensionInjectableFeed AdditivesThe animal parasiticides market report contain the following species:CattlePoultrySwineDogsFelinesThe animal parasiticides market report offers a plethora of insights which include:Changing consumption pattern among individuals globally.Historical and future progress of the global animal parasiticides market.Region-wise and country-wise segmentation of the animal parasiticides market to understand the revenue, and growth lookout in these areas.Accurate Year-on-Year growth of the global animal parasiticides market.Important trends, including proprietary technologies, ecological conservation, and globalization affecting the global animal parasiticides market.The animal parasiticides market report answers important questions which include:Which regulatory authorities have granted approval to the application of animal parasiticides market in healthcare industry?How will the global animal parasiticides market grow over the forecast period?Which end use industry is set to become the leading consumer of animal parasiticides market by 2026?What manufacturing techniques are involved in the production of the animal parasiticides market?Which regions are the animal parasiticides market players targeting to channelize their production portfolio?Request for Report Methodology: https://www.factmr.com/connectus/sample?flag=RM_id=4316The animal parasiticides market report considers the following years to predict the market growth:Estimated Year: 2026Forecast Year: 2020 – 2026Why Choose Fact.MR?
Fact.MR follows a multi- disciplinary approach to extract information about various industries.
Our analysts perform thorough primary and secondary research to gather data associated with the market.
With modern industrial and digitalization tools, we provide avant-garde business ideas to our clients.
The global animal parasiticides market was valued at US$ 5,606.8 Mn in 2017 and is projected to expand at a cumulative annual growth rate (CAGR) of 5.5% from 2018 to 2026 according to a new report published by Transparency Market Research (TMR) titled “Animal Parasiticides Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”.
The report suggests that increase in number of livestock farms and rise in demand for meat and animal byproducts are expected to boost the animal parasiticides market between 2018 and 2026.
North America and Europe are projected to dominate the global market owing to the rise in adoption rate of companion animals and increase in demand for meat.
Companies are focusing on the development of parasiticides chemical constituents for major diseases such as malaria in animals and Lyme disease.
Other value-added features responsible for the expansion of the animal parasiticides market include expansion of biotechnology industries for research and development on zoonotic diseases, rise in expenses for R development, and rising government initiatives in funding societies for development in agriculture field, which improves the development of animal parasiticides globally.Request COVID Analysis on Animal Parasiticides Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=10841 Ectoparasiticides is projected to be highly lucrative deployment modeBased on product, the ectoparasiticides segment is anticipated to have a prominent share of the market, in terms of value, by 2026.
The segment is projected to expand due to rise in infestation of fleas, ticks, and other ectoparasites to companion animals and livestock, which increases the chances of bacterial, viral, and parasitic disease transmission to humans.
