Animal Parasiticides Market by Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast,

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Global Animal Parasiticides Market was valued at USD 7.71 billion in 2021 and is expected to reach USD 10.99 billion by the year 2028, at a CAGR of 5.2%.

Animal parasiticides are referred to as antiparasitic, which are utilized for killing parasites infesting pets and livestock mainly. Parasiticidal products are produced by active ingredients with particular efficacies against specific parasites. These active ingredients are comprised of other inert or non-active ingredients to form a parasiticidal formation. The inert ingredients in the formulation are typically solvents such as alcohols water, preservatives, stabilizers, and implants among others. The term `antiparasitic` suggested the active ingredient in the finished product or the finished product itself. Ectoparasiticides are utilized for removing external parasites such as mites, ticks, lice, flies, and fleas among others while endoparasiticides control internal parasites, including flukes, tapeworms, and roundworms. In addition, some of the endoparasiticides work effectively against parasitic worms, assuming that they are anthelmintics. There is another type of antiparasitic apart from these two, known as the endectocides, which control both internal and external parasites. Moreover, in different economies globally, most of the endoparasiticides are veterinary medicines and ectoparasiticides are pesticides.

The research covers factors impacting the top market participants as well as current technical breakthroughs. The study includes thorough statistical data to assist top organizations in better understanding the industry's operations. The report examines every major organization and actor involved in industrial growth, as well as providing a complete assessment of the competitive environment. In addition, the inquiry looks into market challenges, opportunities, constraints, development drivers, trends, and the company production network, among other things. It also provides information about each section's attractiveness, as well as its growth rate and market size, which aids in determining which segment to invest in or promote.

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Key Industry Players in the Animal Parasiticides Market:

·         Bayer AG (Germany)

·         Zoetis Inc. (US)

·         Virbac SA (France)

·         Elanco Animal Health (US)

·         Elanco Animal Health Incorporated (US)

·         Virbac (France)

·         Merck Co. Inc. (the US)

·         Boehringer Ingelheim GmbH (Germany)

·         Bimeda Animal Health (US)

·         Merck Animal Health (US)

·         Ceva Santé Animale (France)

·         Vetoquinol S.A. (France)

·         PetIQ  Inc. (the US)

·         Norbrook (Ireland) and other major players.

The importance of the animal parasiticides has been recognized for the protection and cure of the parasitic diseases in animals. Companies are coming with the various new formulations and products in the animal parasiticides market to eradicate the increasing prevalence of foodborne diseases. A growing awareness about animal healthcare, rapidly growing animal livestock and technological advancements over the past few years are expected to boost the growth of the global animal parasiticides market.

Segmentation Analysis Includes,

By Type:

·         Ectoparasiticides

·         Endoparasiticides

·         Endectocides

By Animal Type:

·         Companion Animals

·         Livestock Animals

By End User:

·         Animal Farms

·         Home Care Settings

·         Veterinary Clinics Hospitals

By Distribution Channels:

·         Veterinary Hospitals Clinics

·         Pharmacies

·         Drug stores

By Region:

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

·         Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of SA)

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Table of Content:

Chapter 1: Introduction

1.1 Research Objectives

 1.2 Research Methodology

 1.3 Research Process

 1.4 Scope and Coverage

  1.4.1 Market Definition

  1.4.2 Key Questions Answered

 1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities By Segment

3.1 By Type

 3.2 By Animal Type

 3.3 By End User

 3.4 By Distribution Channels

Chapter 4: Market Landscape

 4.1 Porter's Five Forces Analysis

  4.1.1 Bargaining Power of Supplier

  4.1.2 Threat of New Entrants

  4.1.3 Threat of Substitutes

  4.1.4 Competitive Rivalry

  4.1.5 Bargaining Power Among Buyers

 4.2 Industry Value Chain Analysis

 4.3 Market Dynamics

  4.3.1 Drivers

  4.3.2 Restraints

  4.3.3 Opportunities

  4.5.4 Challenges

 4.4 Pestle Analysis

 4.5 Technological Roadmap

 4.6 Regulatory Landscape

 4.7 SWOT Analysis

 4.8 Price Trend Analysis

 4.9 Patent Analysis

 4.10 Analysis of the Impact of Covid-19


In the optimistic scenario, the COVID-19 pandemic has positively impacted the animal parasiticides market. Because of the pandemic, there was an increase in dog and cat adoption from animal shelters in many developed and developing nations. This increased the demand for pet care products for a brief period. However, the abandonment of pet dogs and animal cruelty have also been reported amidst the pandemic due to rumors of animals as potential reservoirs of COVID-19.

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In a pessimistic scenario, it could be assumed that the COVID-19 pandemic has lowered the demand for animal care. As a result of the pandemic in most veterinary clinics hospitals and pet care centers, footfall was limited due to infection control measures and nationwide lockdowns. This has resulted in most major players functioning at negligible capacity or even immobilized them completely.

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