Animal Parasiticides Market to Generate US$ 8,963.9 Million by 2026 | Growth & Key Business Strategies

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. 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. Moreover, high adoption rate of animal parasiticides for instant treatment planning by veterinary doctors as well as researchers is also likely to fuel the market in North America and Europe during the forecast period. The market in Asia Pacific is projected to expand at a significant growth rate during the forecast period. Expansion of the market in Asia Pacific is attributed to the large cultivation base of food producing animals in the countries in Southeast Asia, rising number of pig population, and investment by major players for developing production units in the region. The market for animal parasiticides in Latin America is likely to expand at a moderate growth rate during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10841

𝐙𝐨𝐨𝐧𝐨𝐭𝐢𝐜 𝐢𝐧𝐟𝐞𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐚𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐫𝐚𝐭𝐞 𝐨𝐟 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐨𝐧 & 𝐟𝐨𝐨𝐝-𝐩𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐚𝐧𝐢𝐦𝐚𝐥𝐬 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐟𝐮𝐞𝐥 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭

The global animal parasiticides market is projected to be potentially driven by the increase in adoption rate of companion animals and production of food-producing animals in farms. Animal parasiticides provide diverse benefits for treatment of zoonotic diseases, which can be used by veterinary physicians and hospital staff. Key players offering animal parasiticides are developing value added features such as effective spray, dips, collars, etc. The new features or technological developments in parasiticides applications reduce the overall application cost and thus, improves the overall effectiveness and efficiency of food-producing animal production practices. 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&D development, and rising government initiatives in funding societies for development in agriculture field, which improves the development of animal parasiticides globally.

𝐄𝐜𝐭𝐨𝐩𝐚𝐫𝐚𝐬𝐢𝐭𝐢𝐜𝐢𝐝𝐞𝐬 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐡𝐢𝐠𝐡𝐥𝐲 𝐥𝐮𝐜𝐫𝐚𝐭𝐢𝐯𝐞 𝐝𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐦𝐨𝐝𝐞

Based 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. Therefore, the usage of ectoparasiticides is inevitable and important for pets and cattle. These factors are expected to drive the segment during the forecast period. The ectoparasiticides segment is estimated to hold a major market share by the end of 2018 due to the increase in broader cross-protective immunity. The ectoparasiticides segment is expected to expand by 2026 due to increase in company's focus on R&D expenditures and recent allocations of resources, which is also estimated to increase the operating cash ?ow to fund future growth investments. For instance, in 2017, Zoetis Inc. invested US$ 382 Mn to shape new innovation in the animal health industry. These are a few factors that are likely to fuel the ectoparasiticides segment during the forecast period.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=10841<ype=S

𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐨𝐧 𝐚𝐧𝐢𝐦𝐚𝐥𝐬' 𝐬𝐩𝐞𝐜𝐢𝐞𝐬 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐬 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐩𝐚𝐧𝐝 𝐚𝐭 𝐚 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐂𝐀𝐆𝐑 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝

In terms of species, the companion animals segment accounted for a leading share of the global animal parasiticides market. The segment is estimated to gain market share by the end of 2026 and expand at a CAGR more than 6% during the forecast period. Expansion of specialized R&D production units by key players in major countries worldwide and increasing adoption rate of pets as companion, beast of burden, etc., have led to the prominent share held by the companion animals segment of the global animal parasiticides market. Increase in gastrointestinal parasitism and zoonotic diseases among pets is likely to drive the animal parasiticides market during the forecast period. High prevalence and incidence rates of zoonotic diseases in pets has led to an increase in pet owners' visits to veterinary hospitals. These factors are expected to fuel the companion animals segment between 2018 and 2026.

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐬 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲

North America and Europe accounted for a key share of the global animal parasiticides market in 2017. They are likely to gain market share by the end of 2026. High consumption of meat and production of livestock or food-producing animals have contributed to the leading share held by these region in the global animal parasiticides market. Asia Pacific is projected to be a highly attractive market for animal parasiticides, and is likely to exhibit a significant attractiveness index. The market in Asia Pacific is projected to expand at a high CAGR of 6.4% during the forecast period due to increasing trading policy of meat in emerging economies such as India and China. Rise in adoption of companion animals, increase in number of production units of food-producing animals such as swine and poultry, and high consumption of meat in countries such as Japan, Australia & New Zealand, Malaysia, Singapore, and Taiwan are likely to fuel the animal parasiticides market in Asia Pacific during the forecast period. The market in Latin America is anticipated to expand at a moderate growth rate during the forecast period due to increasing production of pigs in Argentina and investment of government funding for research and development of parasiticides in Brazil.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=10841

𝐊𝐞𝐲 𝐭𝐫𝐞𝐧𝐝 𝐨𝐟 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐚𝐧𝐝 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 & 𝐚𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐚𝐦𝐨𝐧𝐠 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐭𝐨 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐠𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜 𝐩𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐬𝐞𝐫𝐯𝐞𝐝 𝐢𝐧 𝐥𝐚𝐬𝐭 𝐟𝐞𝐰 𝐲𝐞𝐚𝐫𝐬

The report also provides profiles of leading players operating in global animal parasiticides market. Boehringer Ingelheim GmbH, Ceva Santé Animale, Elanco (Eli Lilly and Company), Merck & Co., Inc., and Zoetis, Inc. are major players operating in the global animal parasiticides market, accounting for significant market share. Companies operating in the animal parasiticides industry are aiming to increase their geographic presence by means of strategic acquisition and collaboration with leading players in respective domains and geography. In January 2015, Elanco (Eli Lilly) completed the acquisition of Novartis Animal Health (Novartis AH) in an all-cash transaction for US$ 5.28 Bn. The acquisition has provided Elanco with a greater commercial presence in the companion animal and swine markets. Other prominent players operating in the global animal parasiticides include Bimeda Animal Health, Virbac, Sunmitomo Chemical Co., Ltd. The Chanelle Group, Vetoquinol, and Bayer AG.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐋𝐚𝐬𝐞𝐫 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2022/03/29/2411924/0/en/Medical-Laser-Systems-Market-to-Develop-at-CAGR-of-12-During-Forecast-Period-Notes-TMR-Study.html

𝐌𝐢𝐧𝐢𝐦𝐚𝐥𝐥𝐲 𝐈𝐧𝐯𝐚𝐬𝐢𝐯𝐞 𝐒𝐮𝐫𝐠𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/minimally-invasive-surgery-market-to-exceed-valuation-of-us-324-9-bn-by-2031-tmr-study-301559832.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
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