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Animal Parasiticides Market Set to Witness Massive Growth During Forecast Period

Animal Parasiticides Market Set to Witness Massive Growth During Forecast Period

The recent “Animal Parasiticides Market” report by Report Ocean gathers insights and assessments through genuine consultations with key stakeholders, including CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors. This comprehensive study aims to thoroughly examine the global industry, target market, competition, and various influencing factors. Ask for Free Sample Report

The report on the “Animal Parasiticides Market” conducts a data-driven quantitative analysis of the relevant industry. It utilizes research based on public records to identify significant patterns. Additionally, it provides predictions for the market sector’s growth between 2024 and 2032. The research primarily focuses on major global market manufacturers, analyzing sales volume, rates, competitive aspects, market share, and development strategies up to 2032.

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Global Animal Parasiticides Market Analysis and Growth Forecast:

Global Animal Parasiticides Market is valued approximately USD 9.0 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.2 % over the forecast period 2020-2027. Animal parasiticides are chemical formulations used to kill different types of parasites that live on or in the body of animals and can cause irritation, pain, and wounds to animals. Most parasites, if not treated, can cause death of host animal and can also affect the yield of various livestock animals like cattle. The global Animal Parasiticides market is facing challenges due to the coronavirus pandemic as temporary locked down led to halt in manufacturing operations and supply chain in various countries. The rising demand for animal-derived food products, increasing investments from private players, growing concerns of zoonotic diseases, regulations for preventing the spread of animal diseases, growing companion animal ownership rate and rising animal health expenditure are the few factors responsible for growth of the market over the forecast period. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market.

For instance: on 28th August 2019, Bayer Animal Health launched Drontal Plus Tasty is a premium brand in China. Drontal is used for worm treatment, with a proven efficacy against all relevant gastrointestinal worms and has been recommended by veterinarians for 30 years. Whereas, shift toward vegetarian diets and restrictions on the use of parasiticides in food-producing animals is the major factor restraining the growth of global Animal Parasiticides market during the forecast period.

Major market player included in this report are:
Boehringer Ingelheim
Bayer AG
Elanco Animal Health
Merck
Zoetis
Virbac
Ceva Sante Animale
Vetoquinol S.A.
Petiq
Chanelle Pharma

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The detailed segments and sub-segment of the market are explained below:

by Type:
Ectoparasiticides
Endoparasiticides
Endectocides

by Animal Type:
Companion animals
Food-producing animals

By End-User:
Veterinary hospitals & clinics
Animal farms
Home care settings

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

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Report Components

Market Synopsis: This section encapsulates the present market scenario and outlines the industry’s scope. It includes a comprehensive analysis of key segments such as product types, applications, and regions, with revenue and sales forecasts provided as part of this overview.

Competitive Landscape: Illuminating the market’s competitive terrain, this section presents an in-depth analysis of manufacturers, offering insights into individual players’ revenue and sales figures. Additionally, it encompasses noteworthy details on mergers, acquisitions, and industry investments.

Regional Analysis: Providing an overview of market revenue, sales, and shares across major regions and sub-regions, this segment also explores the pricing structure, sales growth rate, and other crucial estimations.

Company Profiles: This section provides strategic business insights about key firms operating within the market landscape. It covers product specifications, revenue shares, and portfolios of these major companies.

The Analysis Objectives of the Report are:

To determine the size of the Market by identifying its sub-segments.

To research the key players and analyze their growth strategies.

To assess the size and value of the Market based on key regions.

To analyze the Market in terms of growth trends, potential, and participation in the overall sector.

To investigate the Market size (volume and value) from the company, key regions/countries, goods and applications, and background data.

Primary Market manufacturers to specify, clarify, and analyze the product sales volume, value, market share, market rivalry landscape, SWOT analysis, and future development plans.

To investigate market competitive developments such as market expansions, agreements, new product launches, and acquisitions.

What is new in 2024?

– Major developments that can change the business landscape as well as market forecasts.

– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.

– Coverage of new market players and change in the market share of existing players of the market.

– Updated financial information and product portfolios of players operating in the market.

– Updated market developments of the profiled players.

– Any new data points/analysis (frameworks) which was not present in the previous version of the report

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