The global animal parasiticides market was valued at USD 9.4 Billion in 2020 and is anticipated to grow at USD 15.7 Billion till 2027 recording a CAGR of 7.6% during the forecast period 2021-2027. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
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Animal Parasiticides Market report depicts granular level information about regional market share, historic market share, market size and forecast for the period 2021-2027. Thorough insights about key market developments, overview on competitors their key strategies and company share analysis is also discussed in this market report. It further outlines market driving and restraining factors, trends and unmet needs, which greatly affect the market growth. It also tracks the key developments and current innovations. This comprehensive report further aims at providing a huge range of information about regulatory framework, reimbursement scenario and market entry strategies useful for new market entrants. The impact of socio-political environment is also depicted through this report analysis. Animal parasiticides consist of several active ingredients relying on the particular efficacy against the parasites. These are used either directly or can be used as a feed additive to the livestock fee. Animal Parasiticides effectively work to kill different types of parasites, which infect livestock, companion animals as well as other animals. There are several industries launching new formulations and products in the animal parasiticides market to destroy the growing occurrence of animal illnesses.
North America is dominating the animal parasiticides market owing to growing demand for companion animal healthcare products and increasing demand for novel parasiticides by pet owners and veterinarians. Asia Pacific is anticipated to grow at the huge growth rate during the forecast period 2021-2027 owing to increasing count of farm animals having main goal on healthcare products.
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Some of the major players operating in the animal parasiticides market include Virbac (France), Ceva Sante Animale (France), Ourofino (Brazil), Eli Lilly and Company (U.S.), Vetoquinol S.A. (France), Zoetis, Inc. (U.S.), Bayer AG (Germany), Perrigo Company Plc. (Ireland) and Boehringer Ingelheim (Germany).
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