Global Animal Parasiticides Market, By Parasiticides Type (Ectoparasiticides (Oral Tablets, Dips, Spray, Spot-on, Others), Endoparasiticides (Oral Suspension, Injectable, Feed additives, Others), Endectocides), By Animal Type (Food Producing Animals (Cattle, Poultry, Swine, Others), Companion Animals (Dogs ,Felines ,Others) and opportunities and forecast 2023-2030
Animal Parasiticides Market Overview
The global animal parasiticides market is projected to register a major growth over the forecast period because of the increasing awareness about animal healthcare worldwide. However, escalating number of livestock animals for the aim of food production in emerging economies is resulting in a rising demand of animal healthcare products, which also drives the expansion of the worldwide animal parasiticides market.
However, increasing the various animal healthcare expenditure for animal welfare that can reinforce to health of livestock animal thus alternatively fuelling the overall animal parasiticides market.
However, a growing preference for vegetarian food and diet and a stringent approval process for animal parasiticides including restrictions on the utilization of parasiticides in food producing animals are hampering worldwide animal parasiticides market. Covid-19 Impact on Animal Parasiticides Market:
In addition, this Global Market study offers an thorough analysis of this COVID-19 pandemic impact on the market growth and its influence on the long run growth of the worldwide Market. The recently published report demonstrates the elevation within the demand for the healthcare sector. The healthcare manufacturers have experienced future also as short term effect which incorporates supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption might be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and makers to the limit. In addition to this, panic conditions have already spurred the demand for several healthcare products and services which are discussed intimately during this report. Moreover, the impact of this pandemic on overall market revenue for rock bottom year 2020 and its projection up to 2027 is provided intimately during this report. Animal Parasiticides Market Segment Overview
By Parasiticides Type, Demand of the Endoparasiticides is more as they control an increasing prevalence of internal parasiticides like roundworms, tapeworms and flukes which successively fuels the Endoparasiticides segment growth.
By Animal type, campion animal segment holds the major market share in estimated year, the big share of the previous are often attributed to the growing adoption of pets and rising incidences of zoonotic infections or fungal diseases in companion animals.
Market Analysis, Insights and Forecast – By Parasiticides Type
- Oral Tablets
- Oral Suspension
- Feed Additives
Market Analysis, Insights and Forecast – By Animal Type
Animal Parasiticides Market Regional Overview
- Food-Producing Animals
- Companion Animals
- Other Livestock
Region-wise, in terms of regions, North America accounted for the biggest share of the market in 2019, followed by Europe and therefore the Asia Pacific. North America’s leading position is primarily because of the rising pet expenditure, the growing population of companion animals, and therefore the increasing consumption of animal-derived food products, thus encouraging the R&D activities, thereby boosting the market growth.
Animal Parasiticides Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA) Animal Parasiticides Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Animal Parasiticides are highlighted below.
· In 2019, Boehringer Ingelheim opened a Health Management Center in Asian countries like China. Animal Parasiticides Market, Key Players
· Sanofi S.A.
· Ceva Sante Animlae
· Virbac SA
· Vetoquinol S.A.
· Eli Lilly and Company
· Zoetis Inc.
· Merck & Co Inc.
· Bayer AG
· Boehringer Ingelheim
· Perrigo Co. plc