This Animal Parasiticide market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Animal Parasiticide market.
Increasing number of animal welfare programs and government initiatives are driving the market for the global animal parasiticide market. The animal parasiticide, also called, Veterinary parasiticide, are products that kill parasiticide infesting upon pets, livestock, and other animals. All these parasiticide has their own general features that determines their suitability for the control of parasites on animals. People being increasingly being aware about the zoonotic diseases and adoption of pet animals largely by the developed and developing nations have made a way for the global animal parasiticide market.
The government has also contributed towards the animal welfare activities that has resulted in the hefty demand for parasiticides which has improved the health of livestock tremendously across the globe and also elevated the global animal parasiticide market
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Animal Parasiticide Market: Drivers & Restraints
The increasing importance of animal health care accompanied by governmental protocols is driving the global animal parasiticide market. The Increased number of animal livestock in the emerging markets, developments in the parasiticide products, upcoming new offerings by the leading players, execution of welfare acts in the developed and developing regions, worldwide increment in the number of adoptions of animals like dogs and cats are some of the growth drivers for the global animal parasiticide market.
Along with the increasing awareness, the increasing rate of GDP in the regions like Asia-Pacific and Latin America and thereby increasing per capita spending on the animal health care products are also responsible for growth of the market.
Apart from significant growth factors there exits some restraints to the market including high cost R&D activities, strict regulations for approval for animal parasiticides and restricting the use of parasiticide in some animals (specifically the food producers) in some regions. The increasing number of species of parasites in are also contributing to the restrains that are preventing the market from growing.
Animal Parasiticide Market: Segmentation
By product the global animal parasiticide market is segmented as Endoparasiticides (Additives, Injectable, Drenches, Tablets/Pills, Others), Ectoparasiticides (Collars, and Endectocides. The global animal parasiticide market is also segmented by the animal type which are as Companion Animal (Cat, Dogs, Horses, and Others) and Food Producing Animals (Cattle, Poultry, Sheep and Others).
Animal Parasiticide Market: Region-wise Outlook
The global animal parasiticide market is expected to register a favourable growth for the forecast period, 2015?2025. European market is the expected to hold the major share into the market. The increment in the number of pet animals and increased awareness among the people regarding the animal health. North America is expected to follow Europe however the developed markets like US and Canada are reaching saturation which tends to grow the market at a comparatively lower rate. The Asia-Pacific is projected to endure its control in terms of growth in global animal parasiticide market. The market is predominately affected by the increasing trend towards pet adoption. In terms of growth Latin American regions also represent a higher growth opportunity. APAC and Latin America is in the higher growth expectations due to the increasing GDP rate and per capita expenditure on the animal health.
Animal Parasiticide Market: Key Players
The key market competitors in global animal parasiticide market are Zoetis, Inc, Bayer AG, Novartis AG, Eli Lilly and Company, Merck & Co., Inc., Ceva Sante Animlae, Boehringer Ingelheim, Virbac SA, and Vetoquinol.
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
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- Potential and niche segments, geographical regions exhibiting promising growth
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Frequently Asked Questions
What research methodology is used to develop the Animal Parasiticide Market report?
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How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.