Animal Parasiticides Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The global animal parasiticides market is projected to reach USD 13.7 billion by 2026 from USD 9.7 billion in 2021, at a CAGR of 7.2% during the forecast period to 2028.
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Key Players of Animal Parasiticides Market:
· Elanco Animal Health Incorporated
· Virbac
· Merck & Co., Inc.
· Boehringer Ingelheim GmbH
· Ceva Santé Animale
· Vetoquinol S.A.
· PetIQ, Inc.
· Norbrook
· Bimeda Animal Health and More
Animal parasiticides are chemical formulations used to kill different types of parasites on animals. Animal parasites live on or in the body of animals and can cause irritation, pain, and wounds to animals. Most parasites, if not treated, can cause death of host animal. They can affect the yield of various livestock animals like cattle.
The rising demand for animal-derived food products, increasing investments by private players, growing concerns of zoonotic diseases, regulations for preventing the spread of animal diseases, growing companion animal ownership rates, and rising animal health expenditure are some of the factors that have supported long-term expansion for Animal Parasiticides Market.
Regional Analysis
North America accounted for the largest share of 40.3% of the global animal parasiticides market in 2020. The large share of North America is due to its well-established base of the animal health industry, the high adoption of companion animals, and the growing expenditure on animal health. 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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Recent Developments
In June 2021, Boehringer Ingelheim partnered with Lifebit (UK) to detect global infectious disease outbreaks using AI and natural language processing technology.
In August 2020, Elanco Animal Health Incorporated (US) acquired Bayer Animal Health (Germany) for USD 6.89 billion to expand its scale and capabilities in the animal health industry.
Animal Parasiticides Market is segmented into material type, animal type, end user and region.
On the basis of Type
· Ectoparasiticides
· Endoparasiticides
· Endectocides
On the basis of Animal Type
· Companion Animals
· Livestock Animals
On the basis of End-User
· Veterinary Clinics & Hospitals
· Animal Farms
· Home Care Settings
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Animal Parasiticides Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
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· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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