Animal Parasiticides Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Boehringer Ingelheim, Zoetis*, Merck, Elanco

Registering a CAGR of 7.3% over the forecast period of 2022-2027, the global Animal Parasiticides market is anticipated to reach the market value of US$ 13.71 billion in the year 2027 from US$ 9.71 billion in the year 2021.

Animal Parasiticides Market Overview

Animal parasiticide is a substance used in veterinary medicines that are used to kill parasites, especiallythose other than bacteria and fungi.Animal parasiticides are chemical substances that eliminate parasites other than fungi and bacteria in animal livestock, pets, and other animals.  The use of parasiticides has resulted in an improvement in the health of livestock across the worldwide. Rising awarenessregarding zoonotic diseases, increase in the number of animal welfare acts and increasing number of government initiatives drives the growth of the animal parasiticides market. The animal parasiticides market is rising tremendously due to the increasing trend of pet adoption amongst people in developed as well as developing economies. Still, the cost associated with animal parasiticides products, heavy expenditure on R & D for new product development and stringent regulatory policies related to the approval of animal parasiticides are factors that are adversely affecting the growth of the market.Growing awareness about animal healthcare, growing concern about zoonotic diseases and increasing investment in development of innovative veterinary healthcare products will positively impact the business growth. Rising expenditure on veterinary healthcare and adoption of pets is also a key factor for the rising popularity of animal parasiticides products. With an elevated production by farm animals, the chances of parasitic infection increases especially in developing countries due to sub-optimal conditions, ultimately leading to loss of production.

Industrial News:

Boehringer Ingelheim announces collaboration with MabGenesis to discover and develop novel monoclonal antibodies in canine

January 18, 2022 – Boehringer Ingelheim, a global leader in animal health, and MabGenesis, a private biopharmaceutical company headquartered in Yokohama, Japan, announce that they have entered into a collaboration to discover and develop novel monoclonal antibodies for potential canine therapeutic treatments.

In June 2021, Boehringer Ingelheim partnered with Lifebit (UK) to detect global infectious disease outbreaks using AI and natural language processing technology.

What are the major Applications, Types and Regions for Animal Parasiticides Market?

By Type, it is segmented into

• Endoparasiticides


• Ectoparasiticides


• Endectocides

By Applications it is segmented into

• Dogs/Cats


• Equine


• Cattle


• Swine


• Poultry


• other

Animal Parasiticides Market Regional Analysis

Europe is the largest regional segment for the Animal Parasiticides market, owing to the well-established animal healthcare market and growing R&D activities in this region.The market in Latin America is anticipated to grow at the highest CAGR of 8.8% during the forecast period. This can be attributed to the growing population of livestock animals, increasing consumption of animal-derived food products, and growing adoption of pets.

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• Rest of the World
  
  
  
  • Middle East & Africa
  
  
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The Animal Parasiticides Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Animal Parasiticides Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Animal Parasiticides Market report scope?

Key Takeaways from this Animal Parasiticides Report

• Evaluate Animal Parasiticides market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Animal Parasiticides market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Animal Parasiticides Market is studied from 2017 - 2027.

 What is the growth rate of Animal Parasiticides Market?

The Animal Parasiticides Market is growing at a CAGR of 7.3% over the next 5 years.

What regions does this Animal Parasiticides Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.