Animal Parasiticide Market was valued at USD10.11 Billion in 2022, and it is expected to reach USD 16.88 Billion by 2029, exhibiting a CAGR of 7.6% during the forecast period (2023-2029)
Animal Parasiticides Market Overview
Animal Parasiticides Market Research Reports provide qualitative and quantitative insights into key market development determinants, limitations, opportunities, and issues from a Animal Parasiticides market. The research is based on forecasts from major organizations as well as market statistics. Sales growth figures at several regional and national market levels, as well as a competitive climate for predicted periods and individual firm valuations, are all included in market research. The Animal Parasiticides Market Report provides growth variables, current market share, various types, technologies, applications, and regional penetrations during the forecast period.
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Animal Parasiticides Market Scope
According to the forecast, the Animal Parasiticides market is grown at a stable growth rate. Import/export consumpAtion, supply and demand, price, market share, market penetration, sales volume, revenue generated, and gross margins are covered in the Animal Parasiticides market research report. In the Animal Parasiticides market, the report looks at each industry manufacturing site, capacity, production, market price, sales revenue, and market share. Some of the countries engaged are the United States, Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, and Brazil.
Animal Parasiticides Market Segmentation
Based on type, the animal parasiticides market is segmented into endoparasiticides, ectoparasiticides, and endectocides. The market for animal parasiticides globally in 2020 was dominated by the ectoparasiticides sector, which had a 57.9% market share. At an estimated CAGR of 8.5%, this market is expected to grow from USD 5,703.9 million in 2021 to USD 8,582.1 million in 2026. The high adoption of ectoparasiticides relative to other products is responsible for the huge proportion of this market. The rise in pet ownership and the number of companion animals in developed nations are additional factors that are expected to promote market expansion during the forecast period.
Based on animal type, the animal parasiticides market is segmented into companion animals and livestock animals. In 2020, companion animals made up the biggest segment of the market for animal parasiticides, with a share of 52.2%. At an estimated CAGR of 8.3%, this market is expected to grow from USD 5,130.2 million in 2021 to USD 7,633.2 million in 2026. The significant market share of this sector is largely due to the rising costs of keeping pets and the rise in the number of people who own companion animals in industrialised nations.
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Animal Parasiticides Market Key Players
1.Zoetis Inc.
2.Virbac
3.PetIQ, Inc.
4.Norbrook
5.Vetoquinol S.A.
6.Merck & Co., Inc.
7.Ceva Santé Animale
8.Bimeda Animal Health
9.Boehringer Ingelheim GmbH
10.Elanco Animal Health Incorporated
11.Sanofi S.A. (Merial)
12.Virbac SA
13.Eli Lilly and Company
14.Bayer AG
15.Perrigo Co. plc
Animal Parasiticides Market Regional Analysis
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the regions that make up the Animal Parasiticides market. The market’s primary geographic condition, as well as segments and sub-segments, are examined in the Animal Parasiticides Industry Research. In terms of market size, share, and volume, the report examines the current state of regional development. The Animal Parasiticides market report includes a geographic condition of the market, and revenue as well as an in-depth look at the business network structure, opportunities, and news updates.
Key Questions answered in the Animal Parasiticides Market Report are:
- What is Animal Parasiticides Market?
- What is the forecast period of the Animal Parasiticides Market?
- What is the competitive scenario of the Animal Parasiticides market?
- Which region held the largest market share in the Animal Parasiticides Market?
- What are the opportunities for the Animal Parasiticides Market?
- What factors are affecting the Animal Parasiticides market growth?
- Who are the key players of the Animal Parasiticides market?
- Which company held the largest share in the Animal Parasiticides market?
- What will be the CAGR of the Animal Parasiticides market during the forecast period?
- What key trends are likely to emerge in the Animal Parasiticides market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Animal Parasiticides market
- Landscape- Leading key players and other prominent key players.
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