Animal Parasiticides Market Business Overview 2024-2032 Industry Analysis, Size, Share
Global Animal Parasiticides Market Size Was Valued at USD 8.53 Billion In 2023 And Is Projected to Reach USD 13.46 Billion By 2032, Growing at A CAGR of 5.2% From 2024 To 2032.
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Animal parasiticides are crucial products designed to prevent and treat parasitic infections in animals. These infections can range from external pests like fleas, ticks, and mites to internal parasites such as worms and protozoa. The market for animal parasiticides encompasses a wide range of products including sprays, spot-ons, oral tablets, injections, and collars, each tailored to specific parasite types and animal species. The demand for these products is driven by factors such as increasing pet ownership, rising awareness about zoonotic diseases, and the need to ensure animal health and welfare in livestock farming.
Key Prominent 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)
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Global Animal Parasiticides Market Segmentation:
· 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
Geographic Segment Covered in the Report:
· North America (US, Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Animal Parasiticides market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Animal Parasiticides market segments and regions.
Market Dynamics And Factors For The Animal Parasiticides Market
Increasing Pet Ownership: The growing number of companion animals globally, including dogs, cats, and horses, drives the demand for parasiticide products. Pet owners are increasingly aware of the importance of preventing and treating parasitic infections to ensure the health and well-being of their animals.
Rising Incidence of Zoonotic Diseases: Parasites not only affect animals but can also transmit diseases to humans (zoonoses). This awareness among both pet owners and livestock farmers fuels the demand for effective parasiticides to prevent disease transmission and maintain public health.
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