What is Animal Parasiticides - Market?
Animal parasiticide is used to make veterinary medicine which kills parasites other than bacteria and fungi. These parasites lib=ve in the body and benefits from the food and protection. Also, the external parasites like ticks and mosquitos can harm and transfer the disease from livestock to humans. Therefore, the parasites can be controlled by management of animals and medicine. Moreover, the animal parasiticide helps in improving health of livestock across the globe. This benefit is increasing the demand of animal parasiticide.
Highlights from Animal Parasiticides - Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Novartis AG (Switzerland), Eli Lilly (United States), Merck Co (United States), Zoetis Inc (United States), Sanofi (France), NexGard (France), Bravecto (United States), Simparica (United States) and Elanco (United States) |
The market of Animal parasiticides market is fragmented as it consists of emerging as well as major players. They are looking for new product launch or expansion to gain competitive advantage in upcoming years. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Animal Parasiticides - market throughout the forecasted period.
Novartis AG (Switzerland), Eli Lilly (United States), Merck Co (United States), Zoetis Inc (United States), Sanofi (France), NexGard (France), Bravecto (United States), Simparica (United States) and Elanco (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Boehringer Ingelheim (Germany), Ceva Sante Animale (France), Virbac (France) and Vetoquinol (France). Animal Parasiticides - Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Agriculture and Horticulture |
Type | Endoparasiticides (Oral, Injectables), Ectoparasiticides (Sprays, Pour On, Spot On) and Endectocides |
Form | Liquids,Tablets |
Animal type | Dogs,Cat,Cattle,Pigs,Sheep,Goats,Others |
On the basis of geography, the market of Animal Parasiticides - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Pet Animals across the Globe
Market Growth Drivers:
Increasing Prevalence of Food Borne Diseases among the Animals and Rising Infections due to Unhygienic Livestock Farming
Challenges:
Lack of Awareness among the Rural Areas
Restraints:
Restriction for the Usage of Parasitic ides In Food Animals and Diverse Species of Parasites
Opportunities:
Government Initiatives for Animal Health and Rising Demand of Animal Protein for Food
Key Target Audience
Manufacturers, Distributors, Government associations, Research organizations, Enterprise software vendors and Others
Market Leaders & Development Strategies
In July 2018, Bayer Animal Healthcare has signed an agreement to expand its parasiticides product portfolio for companion animals with Mitsui Chemicals Agro. This agreement helps the company to expand its product portfolio as well as strengthen its position in the animal healthcare market.
In August 2020, Elanco Animal Health acquired Bayer Animal Health with USD 89 billion of transaction. This acquisition helped, Elanco Animal Health to expand its presence in Animal Parasiticides market