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 antiparasitics, 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.
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The global Animal Parasiticides market provides qualitative and quantitative information on growth rate, market segmentation, market size, future trends and regional prospects. The research study represents a modern perspective aimed at securing the future potential of the Animal Parasiticides market. This report analyzes and evaluates the latest prospects for the new retail space, as well as the general and future market performance of Covid-19. In addition, this report provides a detailed overview of competition between some industries and others.
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Leading Key Players Covered in 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 (the US)
- Norbrook (Ireland) and other major players.
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These companies are devising key strategies such as acquisitions, merges, collaborations, partnerships, new product launches, regional expansions, and targeting untapped markets to gain competitive advantage over other players working in the market.
Introspective Market Research offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. Introspective Market Research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
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Segmentation of Animal Parasiticides market:
By Type:
- Ectoparasiticides
- Endoparasiticides
- Endectocides
By End User:
- Animal Farms
- Home Care Settings
- Veterinary Clinics Hospitals
Geographic Segment Covered in the Report
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
COVID-19 Impact on Animal Parasiticides Market
COVID-19 is a rare global public health emergency that has influenced almost every industry, and the long-term effects are estimated to impact the industry growth during the forecast period. While human-to-human transmission of the COVID-19 virus is confirmed, there is restricted evidence regarding the virus infecting animals. There is a possibility for domestic animals to be contaminated by the virus through close contact with infected humans. This is expected to have significant consequences for animal care and welfare. Studies are underway to better understand the inclination of different animal species to the COVID-19. While there is no concrete corroboration, patients are advised to avoid any kind of contact with animals as a precaution.
Key Benefits for Industry Participants Stakeholders:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape strategies of key players
Potential niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Animal Parasiticides Market
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