Global Animal Parasiticides Market Is Projected To Reach USD 8.10 Billion by 2026

23-Apr-2020 | Facts and Factors

Findings from Facts and Factors report “Animal Parasiticides Market By Product (Endoparasiticides, Ectoparasiticides, and Endectocides), By Animal Type (Companion Animals and Food-Producing Animals), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Animal Parasiticides market in 2019 was approximately USD 5.95 Billion. The market is expected to grow at a CAGR of 4.5% and is anticipated to reach around USD 8.10 Billion by 2026.

Animal Parasiticides are medicaments that fundamentally used to prevent, kill, resist, or lessen external or internal parasites in animals. These are substances used in veterinary medicines to kill parasites. Animal parasiticides help improve animal health across the world.

Browse the full “Animal Parasiticides Market By Product (Endoparasiticides, Ectoparasiticides, and Endectocides), By Animal Type (Companion Animals and Food-Producing Animals), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-animal-parasiticides-market-by-product-endoparasiticides-ectoparasiticides-1011

Market Drivers:

Rising government and private investments in the R&D activities and ongoing research on the animal parasiticides is projected to augment the expansion of the global Animal Parasiticides market. The propelling demand for animal-based foods, rising concerns over zoonotic diseases, and stringent government regulations for the prevention of the spread of parasite-related diseases are other factors estimated to help promulgate the industry during the forecast period. Additionally, increasing pet lovers, veterinary healthcare spending, and emerging parasiticides business provide significant investment opportunities for market players to develop their animal parasiticides business. The market growth is attributed to the growing research grants, high pet adoption, surging disposable income, an escalating number of veterinary practitioners, and increasing demand for animal-derived food products are estimated to boost the growth of Animal Parasiticides market. However, the increasing inclination toward vegetarian diets, the stringent regulation processes for animal parasiticides, and parasiticides restriction use on food-producing animals may hamper the growth of the targeted market.

Market Segment Dominance:

• Ectoparasiticides category dominates the Animal Parasiticides market

The demand for ectoparasiticides is surging across the world due to the growing number of pet owners, escalating veterinary healthcare spending, focus on maintaining animal well-being to reduce economic loss associated with food-producing animal infections, and programs toward inhibition of the spread of zoonotic diseases from animals to human.

• The food-producing animal category accounts for the major share in the market

Growing demand for animal-based food products and rising concern over the transmission of zoonotic parasites is likely to help propel the growth of the global Animal Parasiticides market. Furthermore, the surging population of food-producing animals is expected to boost the growth of the market during the forecast period.

Regional Dominance:

• Europe accounts for the majority of the market share in the Animal Parasiticides market

Europe is expected to dominate the global Animal Parasiticides market owing to the growing adoption rate of companion and food-processing animals in the region. Additionally, the production of innovative parasiticides, demand for these medicaments among the veterans, and pet-owners is expected to aid in escalating the shares of this category in the global Animal Parasiticides market.

Report Scope

Report Attribute	Details
Market Size in 2019	USD 5.95 Billion
Projected Market Size in 2026	USD 8.10 Billion
CAGR Growth Rate	4.5% CAGR
Base Year	2019
Forecast Years	2020-2026
Key Market Players	Boehringer Ingelheim, Bayer AG, Ceva Sante Animale, Merck and Co., Inc., Sanofi, Huvepharma, Virbac, Vetoquinol S.A., Perrigo Company PLC, Zoetis, Inc., Eli Lilly and Company, and Dechra Pharmaceuticals Plc., and Others
Key Segment	By Product, Animal, and Region
Major Regions Covered	North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Purchase Options	Request customized purchase options to meet your research needs.Explore purchase options

Some of the key players in the global Animal Parasiticides include Boehringer Ingelheim, Bayer AG, Ceva Sante Animale, Merck and Co., Inc., Sanofi, Huvepharma, Virbac, Vetoquinol S.A., Perrigo Company PLC, Zoetis, Inc., Eli Lilly and Company, and Dechra Pharmaceuticals Plc.

This report segments the global Animal Parasiticides market as follows:

Global Animal Parasiticides Market: Product Segmentation Analysis

• Ectoparasiticides

  • Pour-On & Spot-On

  • Sprays

  • Dips

  • Ear Tags

  • Collars

  • Oral Tablets

  • Others

• Endoparasiticides

  • Oral Liquids

  • Oral Solids

  • Injectables

  • Feed Additives

  • Others

• Endectocides

Global Animal Parasiticides Market: Animal Type Segmentation Analysis

• Companion Animals

  • Dogs

  • Cats

  • Horses

  • Others

• Food-Producing Animals

  • Poultry

  • Cattles

  • Pigs

  • Sheep and Goats

  • Others

Global Animal Parasiticides Market: Regional Segmentation Analysis

• North America

  • The U.S.

  • Canada

• Europe

  • Germany

  • The UK

  • France

  • Spain

  • Italy

  • Rest of Europe

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Southeast Asia

  • Rest of Asia Pacific

• Latin America

  • Brazil

  • Mexico

  • Rest of Latin America

• Middle East & Africa

  • GCC

  • South Africa

  • Rest of Middle East & Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors

Global Headquarters

Level 8, International Finance Center, Tower 2,
8 Century Avenue, Shanghai,
Postal - 200120, China
Tel: +86 21 80360450

Email: [email protected]

Web: https://www.fnfresearch.com