New York, NY, March 13, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Animal Parasiticides Market by Product Type (Endoparasiticides, Ectoparasiticides, and Endectocides), by Animal Type (Cats, Dogs, Pigs, Cattle, Goats, Sheep, and Others), and by End-User (R&D Facilities, Farms, and Veterinary Clinics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global animal parasiticides market was valued at approximately USD 8.65 billion in 2018 and is expected to generate around USD 12.85 billion by 2025, at a CAGR of around 5.9% between 2019 and 2025.
Parasites attack farm animals and pets for their own nourishment. Parasites live on or inside the body of the host animal and benefit from their protection and food. Commonly found parasites like mosquitoes, ticks, and fleas live outside of the animal body hidden in the fur or on the skin. Such parasites can be particularly hazardous as they not only hurt the animal but also rapidly spread a disease outburst. Some parasites like worms may also proliferate inside the body of animals. Cattles might inadvertently take up parasite larvae that are present on the ground while grazing pastures.
Browse through 55 Tables & 30 Figures spread over 110 Pages and in-depth TOC on “Global Animal Parasiticide Market: Industry Size, Share, Growth, Applications, Segments, Analysis and Forecast, 2018–2025”.
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The increasing animal healthcare spending, growing pet adoption, rising requirement for animal food products, more importance being given to maintenance of animal health, rising number of veterinary physicians, growing awareness regarding animal diseases, attention toward reducing economic damage linked with the contamination in food-producing animals, rapidly growing demand for animal proteins, and rising animal research ventures will act as major growth drivers of the global animal parasiticides market. Efforts taken by the government and non-governmental organizations to protect animal health and rising animal welfare acts will generate new growth opportunities for the players operating in the global animal parasiticides market. Nonetheless, the high cost of research and development of new products, rigorous regulatory policies, and lack of awareness regarding animal diseases in developing regions may restrict the growth of the global animal parasiticides market in the future.
The global animal parasiticides market is segmented based on product type, animal type, and end-user. By product type, the animal parasiticides market is segmented into endoparasiticides, ectoparasiticides, and endectocides. The ectoparasiticides segment held the largest market share in 2018 due to its multiple advantages over other formulations. The endoparasiticides are sub-segmented into injectables, oral solids, feed additives, oral liquids, and others. The ectoparasiticides are sub-segmented into sprays, spot-on and pour-on, dips, collars, oral tablets, ear tags, and others. The animal type segment is divided into cats, dogs, pigs, cattle, goats, sheep, and others. The end-user segment is fragmented into R&D facilities, farms, and veterinary clinics.
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By region, Europe will lead the global animal parasiticides market over the forecast time period. Germany is the most prominent animal parasiticides market at the country level in Europe. This progress is due to the increasing animal adoption trend, growing animal healthcare spending, high ongoing research and development activity, constantly rising demand for animal-based products, and high rise in animal healthcare awareness.
North America will be the second largest market for animal parasiticides in the years ahead, due to increasing animal protein requirement, enhancement in animal productivity, high animal healthcare spending, a growing number of skilled veterinary practitioners, and presence of state-of-the-art animal healthcare infrastructure.
Browse the full “Animal Parasiticides Market by Product Type (Endoparasiticides, Ectoparasiticides, and Endectocides), by Animal Type (Cats, Dogs, Pigs, Cattle, Goats, Sheep, and Others), and by End-User (R&D Facilities, Farms, and Veterinary Clinics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/animal-parasiticide-market
The Asia Pacific region is projected to advance at a speedy rate over the forecast time period. India, China, and Japan are expected to lead the Asia Pacific animal parasiticides market in the future, owing to increasing livestock population, rising adoption of pet animals, increasing need for animal-derived products, and growing animal healthcare spending.
Latin America will demonstrate swift progress over the assessment period due to the growing awareness regarding animal healthcare, an increasing number of livestock animals, and initiatives taken by governments. The Middle East and Africa is projected to determine restricted growth due to lack of awareness regarding animal healthcare.
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Some players of the global animal parasiticides market are Eli Lilly and Company, Sanofi, Virbac, Zoetis, Inc., Ceva Sante Animale, Vetoquinol S.A., Merck and Co., Inc., Perrigo Company, Boehringer Ingelheim, and Bayer AG, among others.
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This report segments the global animal parasiticides market as follows:
Global Animal Parasiticides Market: By Product Type
- Endoparasiticides
- Injectables
- Oral Solids
- Feed Additives
- Oral Liquids
- Others
- Ectoparasiticides
- Sprays
- Spot-On and Pour-On
- Dips
- Collars
- Oral Tablets
- Ear Tags
- Others
- Endectocides
Global Animal Parasiticides Market: By Animal Type
- Cats
- Dogs
- Pigs
- Cattle
- Goats
- Sheep
- Others
Global Animal Parasiticides Market: By End-User
- R&D Facilities
- Farms
- Veterinary Clinics
Global Animal Parasiticides Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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