May 7, 2019
The increase in animal rights activism in conjunction with the exponential growth of the pet industry in the recent times is likely to have a favorable influence on the growth pattern of the market.
pune, India - May 7, 2019 /MarketersMedia/ —
Market Overview and Growth Factors:
Animal Parasiticides Market Outlook Price Trends, Size Estimation, Gross Margin, Sales, Industry Latest News, by Market Research Future Report. Animal parasiticides are in excessive demand owing to its increasing applications in the animal related end user industries. Market Research Future (MRFR)’s study has underlined the fact that the global animal parasiticides market is expected to thrive substantially at a steady CAGR over the forecast period 2017 to 2023. These parasiticides are developed to protect livestock, pets and other animals from parasitic effect. The increase in animal rights activism in conjunction with the exponential growth of the pet industry in the recent times is likely to have a favorable influence on the growth pattern of the market.
The consumers are getting increasingly aware of the rising incidences of animal diseases. This, in turn, is motivating the players in the meat industry to adopt parasiticides. A similar pattern is expected to in poultry industry which is observing boom at present. These factors are poised to act as growth catalysts for the animal parasiticides market over the next couple of years.
The growth of animal feed industry is anticipated to reflect on the proliferation of the animal parasiticides market across the review period. These parasiticides are added to the feed for effective prevention of diseases. It also helps in adding nutritive value to the feed which is expected to boost the growth trajectory of the animal parasiticides market in the forthcoming years.
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Competitive Dashboard:
The significant players participating in the competitive landscape of the global animal parasiticides market are Eli Lilly and Company Limited (U.K), Bayer Aktiengesellschaft (Germany), Boehringer Ingelheim GmbH (Germany), Merck & Co., Inc. (U.S.), Sanofi (France), Vetoquinol SA (France), Virbac Corporation (U.S.), Zoetis Inc. (U.S), Ceva Sante Animale S.A. (France), and Perrigo Company plc (Ireland)
Industry News:
In April 2019, Vetoquinol, a dealer in veterinary medicine as well as non-medicinal products targeted for livestock, has announced the completion of the acquisition of a Brazilian veterinary laboratory, Clarion Biociências, to increase potential in livestock and parasiticides in Brazil.
In November 2018, Zoetis Inc., the largest producer of medicine and vaccinations for pets and livestock, has announced the launch of 6-in-1 parasiticide Revolution Plus for cats that fights hookworms, fleas, ear mites, ticks, roundworms, and heartworms.
In July 2018, Heartgard, a dealer in veterinary products, has announced the introduction of Centragard, feline parasiticide for heartworm disease prevention.
Market Segmentation:
On the basis of type, the global animal parasiticides market has been segmented into ectoparasiticides, endoparasiticides, and endectocides. Among these, the endoparasiticides segment is currently dominating the marketplace owing to its effectiveness as well as ease of usage. It is expected to retain its forefront position through the forecast period.
On the basis of species, the animal parasiticies market has been segmented into poultry, swine, sheep & goats, cattle, and others. The cattle segment is projected to lead the expansion of the market in the upcoming years. Due to increasing demand for animal source protein. In addition, the poultry segment is likely to gain traction in the years to come and maintain its second spot over the assessment period.
Regional Analysis:
The Global Animal Parasiticides Market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Europe has been prognosticated to dominate the market over the next few years trailed by North America. The regions are likely to benefit from the rising demand for animal source protein owing to its nutritive value. Also, the rising awareness about animal health is anticipated to catapult animal parasiticides market in Europe and North America on an upward trajectory.
Asia Pacific is forecasted to exhibit the highest CAGR over the projection period. Its growth can be ascribed to the rising demand for poultry and livestock. Rising consumption of animal meat is expected to aid the proliferation of the animal parasiticides market in the region.
Contact Info:
Name: Abhishek Sawant
Organization: Market Research future
Address: Office No. 528, Amanora Chambers, Magarpatta Road, Hadapsar,,
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/animal-parasiticides-market-5080
Source: MarketersMedia
Release ID: 509890
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