The demand for animal-based foods, growing private player investments, growing zoonotic disease concerns, laws aimed at halting the spread of animal diseases, rising rates of pet ownership, and rising costs for veterinary care are all contributing to the growth of the market for animal parasiticides. However, it is projected that a trend toward vegetarianism and restrictions on the use of parasiticides on animals used for food production may restrain the growth of this market over the forecast period.
Global Animal Parasiticide Market was valued at USD 9.4 Billion in 2021, and it is expected to reach USD 16.89 Billion by 2029, exhibiting a CAGR of 7.6% during the forecast period (2022-2029)
Global Animal Parasiticide Market Overview:
The Global Animal Parasiticide market study gives a comprehensive view of the competition, including the market share and company profiles of the major competitors. The scope of the research includes a full examination of the Global Animal Parasiticide Market, as well as the reasons for variations in the industry’s growth between regions.
Global Animal Parasiticide Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
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Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and market breakdowns, which are then verified against primary data.
The biggest players in the Global Animal Parasiticide market are as follows:
• Zoetis Inc.
• Virbac
• PetIQ, Inc.
• Norbrook
• Vetoquinol S.A.
• Merck & Co., Inc.
• Ceva Santé Animale
• Bimeda Animal Health
• Boehringer Ingelheim GmbH
• Elanco Animal Health Incorporated
• Sanofi S.A. (Merial)
• Virbac SA
• Eli Lilly and Company
• Bayer AG
• Perrigo Co. plc
Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Global Animal Parasiticide market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Global Animal Parasiticide Market:
Due to a break in operations, end-user sectors where Global Animal Parasiticide are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Global Animal Parasiticide manufacturers, impacting the growth of the Global Animal Parasiticide market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Global Animal Parasiticide .
Key Questions Answered in the Global Animal Parasiticide Market Report are:
- In 2021, which segment held the highest proportion of the Global Animal Parasiticide market?
- What is the Global Animal Parasiticide market’s competitive landscape?
- What are the primary drivers assisting Global Animal Parasiticide market growth?
- Which region has the most market share in the Global Animal Parasiticide market?
- What will be the Global Animal Parasiticide market’s CAGR throughout the projected period (2022-2027)?
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