Overview

Animal Parasiticides Market Introduction

Animal Parasiticides Market is expected to value over USD 4.7 billion by 2027 end and register a CAGR of over 3.7% during the forecast period 2020 to 2027.

The animal parasiticides market growth can be attributed to the growing awareness regarding animal healthcare across the world. Furthermore, a soaring number of livestock for the production of food in developing nations is resulting in a rising insistence of products used for animal healthcare, which shall steer the market growth. A rise in the expenditure of animal healthcare for improving livestock health is further inflating the overall animal parasiticides market size.

Moreover, rising ownership of companion animals, especially in the developed nations are predicted to positively impact the market growth. Nonetheless, an increasing priority for vegetarian diet and food and a strict process for approving animal parasiticides along with restraints on the usage of parasiticides in animals that produce food are the impedances impacting the proliferation of the market.

The Companion animals held a major animal parasiticides market share in 2018. As per the American Pets Products Association (APPA), over 66% of the households in the United States own at least one pet. Different types of zoonotic diseases and these conditions being highly effective on humans are steering the market proliferation. In addition, a rising number of pet ownerships, rising concerns regarding pet healthcare and the growing prevalence of food-borne and zoonotic diseases will result in gaining profitable growth opportunities.

The Indian market region held over the largest market share in the Asia Pacific market region and is predicted to experience significant growth in the upcoming years. Growing demand for quality animal by-products and meat and increased number of farm animals will escalate the growth of the market. Furthermore, increased ownership of companion animals, rising awareness regarding products of animal healthcare and growth in investments by prominent market players emphasizing on establishing their position in the profitable market which shall spur the growth of the business over the forecast period.

Key market players included in the animal parasiticides industry are Zoetis, Merck, Elanco, Bayer Animal Health, Boehringer Ingelheim Animal Health, Ceva Sante Animale, Virbac, Sanofi, Vetoquinol, Perrigo Company PLC.

Animal Parasiticides Market Segmentation:

By Product

Ectoparasiticides

- Sprays

- Dips

- Collars

- Pour-ons and Spot-ons

- Ear Tags

- Others

Endoparasiticides

- Injectables

- Orals

- Feed Additives

- Others

- Endectocides

By Animal Type

Farm Animals

- Poultry

- Swine

- Cattle

- Sheep and Goats

- Others

Companion Animals

- Dogs

- Cats

- Horses

- Others

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the animal parasiticides market by product, by animal type and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, industry-specific restraints and opportunities)
To forecast and evaluate micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
To record, evaluate and analyse competitive landscape mapping- technological advancements, product launches, expansions and mergers