Market Overview:

Global Animal Parasiticides Market was valued USD 9.2 billion in 2019 and expected to be growing at a CAGR of 5.81%, to reach USD 12.2 billion by 2024. The market has significant potential during the forecasting period. It will continue to grow with the recent increase in awareness about animal health. Animal parasiticides are the animal medicines that help get rid of the parasites apart from fungi and bacteria present on animals. They are generally non-reactive ingredients mixed all together and may contain several different ingredients.

Market drivers and restraints:

The ever-increasing number of livestock animals for the production of food in developing economies is resulting in the demand for animal healthcare products thus boosting the growth of the global animal parasiticides market. Escalating expenditure on animal healthcare and growing domestication of companion animals are the factors responsible for the growth of this market. Nevertheless, increasing popularity for vegetarian or vegan diet along with strict regulations on the approval for animal parasiticides are the constraints that hamper the growth of global animal parasiticides market.

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Report segmented as:

By product:

• Introduction          
• Ectoparasiticides  
• Endoparasiticide 

By animal type:

• Introduction          
• Food-producing Animals  
• Companion Animals            
• Y-o-Y Growth Analysis,

Geographical analysis:

On the basis of geography, the global market is segregated under several regions namely North America, Europe, Asia-Pacific and Rest of the World. As of 2016, Europe held the biggest share of the animal parasiticides market. However, Asia-Pacific is anticipated to grow at the highest rate during the forecast period owing to the growing companion animal population and rise in the demand for animal food products.

Important market players:

Some of the key companies that are coming up with innovative products in the animal parasiticides market to remove the traces of foodborne diseases are Sanofi (France), Ceva Sante Animale (France), Virbac (France), Vetoquinol S.A. (France), Eli Lilly and Company (U.S.), Zoetis, Inc. (U.S.), Merck and Co., Inc. (U.S.), Bayer AG (Germany), Boehringer Ingelheim (Germany), and Perrigo Company plc (Ireland).

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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