Animal parasiticides are vital compounds used to control and prevent parasitic infestations in pets, livestock, and animals. These products, ranging from topical treatments to oral medications, safeguard animals from harmful parasites like fleas, ticks, worms, and mites. Effective parasiticide use not only ensures animal health but also contributes to public health by minimizing zoonotic disease transmission, emphasizing the critical role of these treatments in veterinary care.
The global animal parasiticide market, valued at US$ 9.7 billion in 2021, is set to achieve a value of US$ 21.43 billion by 2032, with a remarkable CAGR of 7.5% from 2022 to 2032. This surge in market value is primarily attributed to the escalating number of animal welfare and government initiatives worldwide. Animal parasiticides, essential products for eradicating parasites infesting pets, livestock, and other animals, are gaining prominence due to increased awareness of zoonotic diseases and the burgeoning adoption of pets.
Governments’ active contributions to animal welfare efforts have significantly boosted the demand for parasiticides, leading to enhanced livestock health globally. This has triggered substantial growth in the animal parasiticide market. Additionally, the growing demand for animal health products and the quest for cost-effective generics by animal owners are key factors propelling market expansion.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Animal Parasiticide Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Animal Parasiticide market.
Key Animal Parasiticide Market Takeaways and Projections
- The US will lead the North America Animal Parasiticide market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Animal Parasiticide market. It also profiles a list of prominent companies including
- Bayer AG,
- Bimeda Animal Health
- Boehringer Ingelheim GmbH
- Ceva Santé Animale
- Elanco (Eli Lilly and Company)
- Merck & Co., Inc.
- Vetoquinol
- Zoetis, Inc.
- Virbac
- The Chanelle Group
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Key Segments Profiled in the Animal Parasiticide Industry Survey
Product:
- Endoparasiticides
- Animal Parasiticide Additives
- Animal Parasiticide Injectables
- Animal Parasiticide Drenches
- Animal Parasiticide Tablets/Pills
- Others Animal Parasiticides
- Ectoparasiticides
- Animal Parasiticide Collars
- Animal Endectocides
Animal Type:
- Animal Parasiticide for Companion Animals
- Cats
- Dogs
- Horses
- Others
- Animal Parasiticide for Food Producing Animals
- Cattle
- Poultry
- Sheep
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Animal Parasiticide market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Animal Parasiticide market
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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