Animal Parasiticide Market: was valued at USD10.11 Billion in 2022, and it is expected to reach USD 16.88 Billion by 2029, exhibiting a CAGR of 7.6% during the forecast period (2023-2029)
Animal Parasiticide Market Overview:
Maximize Market Research’s new report, Global Animal Parasiticide Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2022-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Animal Parasiticide market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Animal Parasiticide market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Animal Parasiticide market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Segmentation:
Animal Parasiticide Market Size, by Type (2022-2029)
• Ectoparasiticides
• Endoparasiticides
• Endectocides
Animal Parasiticide Market Size, by Animal Type (2022-2029)
• Companion Animals
• Livestock Animals
Animal Parasiticide Market Size, by End-Users (2022-2029)
• Veterinary Clinics & Hospitals
• Animal Farms
• Home Care Settings
The animal parasiticides market is divided into three types based on type: endoparasiticides, ectoparasiticides, and endectocides. The ectoparasiticides industry held a 57.9% market share in the global market for animal parasiticides in 2020. This market is anticipated to increase from USD 5,703.9 million in 2021 to USD 8,582.1 million in 2026, with an estimated CAGR of 8.5%. The enormous portion of this market is due to the high adoption of ectoparasiticides in comparison to other products. Additional factors that are anticipated to encourage market expansion during the projected period include the rise in pet ownership and the number of companion animals in developed countries.
The market for animal parasiticides is divided into two categories: companion animals and livestock animals. With a 52.2% market share in 2020, companion animals represented the largest market segment for animal parasiticides. This market is anticipated to increase from USD 5,130.2 million in 2021 to USD 7,633.2 million in 2026, with an estimated CAGR of 8.3%. The sizeable market share of this industry is mostly a result of increased pet ownership costs and an increase in the number of people who keep companion animals in industrialised countries.
The animal parasiticides market is divided into veterinary practises & hospitals, animal farms, and home care settings based on end users. In 2020, veterinary clinics and hospitals held the biggest market share for animal parasiticides, with 61.4% of the total. This market is predicted to increase from USD 5,952.6 million in 2021 to USD 8,252.7 million in 2026 at a CAGR of 6.8%. The expanding prevalence of parasitic diseases, the increased use of animal parasiticides in medical settings, and the growing concern for animal health in developing countries are all aspects that contribute to the size of this market.
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Key Players:
It then discusses the top competitors in the worldwide Animal Parasiticide market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1.Zoetis Inc.
2.Virbac
3.PetIQ, Inc.
4.Norbrook
5.Vetoquinol S.A.
6.Merck & Co., Inc.
7.Ceva Santé Animale
8.Bimeda Animal Health
9.Boehringer Ingelheim GmbH
10.Elanco Animal Health Incorporated
11.Sanofi S.A. (Merial)
12.Virbac SA
13.Eli Lilly and Company
14.Bayer AG
15.Perrigo Co. plc
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Regional Analysis:
The report has analyzed the global Animal Parasiticide market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Animal Parasiticide market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Animal Parasiticide Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Animal Parasiticide Market Report are:
- Which are the major companies in the Animal Parasiticide market?
- Which is the potential market for Animal Parasiticide in terms of the region?
- Which application area of Animal Parasiticide is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Animal Parasiticide market size by 2027?
- What are the growth prospects for the Animal Parasiticide market?
- What is the base year considered in the Animal Parasiticide market report?
- Which region holds the largest market share in the Animal Parasiticide market?
- What factors are anticipated to drive the Animal Parasiticide market?
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