[Latest] Global Animal Parasiticides Market Size/Share Worth USD 16.98 Billion by 2032 at a 5.9% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Animal Parasiticides Market size & share revenue was valued at approximately USD 11.99 Billion in 2022 and is expected to reach USD 12.48 Billion in 2023 and is expected to reach around USD 16.98 Billion by 2032, at a CAGR of 5.9% between 2023 and 2032. The key market players listed in the report with their sales, revenues and strategies are Zoetis Inc, Merck Animal Health, Elanco Animal Health, Boehringer Ingelheim, Bayer AG, Ceva Sante Animale, Virbac, EMA, IDEXX Laboratories Inc, Chanelle Pharma Group, and others.


Austin, TX, USA, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled Animal Parasiticides Market Size, Trends and Insights By Type (Ectoparasiticides, Endoparasiticides, Endectocides), By Animal Type (Companion Animals, Livestock Animals), By End User (Veterinary Clinics & Hospitals, Animal Farms, Home Care Settings), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 in its research database.

“According to the latest research study, the demand of global Animal Parasiticides Market size & share was valued at approximately USD 11.99 Billion in 2022 and is expected to reach USD 12.48 Billion in 2023 and is expected to reach a value of around USD 16.98 Billion by 2032, at a compound annual growth rate (CAGR) of about 5.9% during the forecast period 2023 to 2032.”

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Animal Parasiticides Market: Growth Factors and Dynamics

The Animal Parasiticides Market is characterized by a multitude of growth drivers and dynamic forces that collectively shape its trajectory. These factors, along with ongoing industry dynamics, foster the market’s expansion and evolution. Here’s an exploration of the key growth factors and dynamics propelling the Animal Parasiticides Market:

  • Escalating Pet Ownership: The surge in pet ownership, driven by changing lifestyles and increased companionship, is a pivotal driver. Pet owners prioritize their animals’ health, resulting in a higher demand for effective parasiticides to safeguard their well-being.
  • Zoonotic Disease Awareness: Growing awareness of zoonotic diseases, which can be transmitted from animals to humans, underscores the importance of controlling animal parasites. Preventing parasites in pets and livestock reduces the risk of disease transmission, enhancing market growth.
  • Livestock Industry Expansion: The expansion of the livestock industry, fueled by population growth and rising protein consumption, increases the demand for effective parasiticides to maintain animal health and optimize production.
  • Technological Advancements: Continuous advancements in parasiticide formulations, delivery methods, and administration techniques enhance product efficacy and patient compliance, driving market growth.
  • Government Initiatives: Government initiatives aimed at animal health and welfare, including regulations and campaigns, play a pivotal role in promoting the use of parasiticides and elevating market adoption.

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Report Scope

Feature of the Report Details
Market Size in 2023 USD 12.48 Billion
Projected Market Size in 2032 USD 16.98 Billion
Market Size in 2022 USD 11.99 Billion
CAGR Growth Rate 5.9% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Animal Type, End User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Animal Parasiticides report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request.
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
  • Includes Tables and figures have been updated.
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Animal Parasiticides report has been modified to include the COVID-19 impact study prior to delivery.)

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Animal Parasiticides Market: COVID-19 Analysis

  • Disrupted Veterinary Services: Lockdowns, social distancing measures, and overwhelmed healthcare systems have led to disruptions in routine veterinary care. Non-essential visits and elective procedures were postponed, affecting the prescription and administration of parasiticides.
  • Shifting Consumer Priorities: Economic uncertainties and changing lifestyles have impacted consumer spending on pet care. While pet ownership remains strong, some consumers might have scaled back on non-essential pet products, potentially affecting parasiticide demand.
  • Supply Chain Disruptions: Global supply chain disruptions affected the availability of raw materials, manufacturing processes, and distribution networks. This could have caused temporary shortages or delays in parasiticide production and distribution.
  • Focus on Essentials: During the pandemic, consumers focused on essential goods, which might have led to a temporary decrease in purchases of non-urgent pet care products, including some parasiticides.
  • Increased Online Sales: As brick-and-mortar stores faced closures or reduced foot traffic, there was a surge in online purchases, including pet supplies. This shift in consumer behaviour could have favored online sales of parasiticides.
  • Telemedicine Adoption: The adoption of telemedicine and remote veterinary consultations increased during the pandemic. While this facilitated continued care, it might have posed challenges for prescribing and administering parasiticides remotely.
  • E-commerce Expansion: E-commerce platforms played a pivotal role in providing consumers with access to pet care products. This expansion in digital sales channels might have impacted the way parasiticides were purchased.

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Key questions answered in this report:

  • What is the size of the Animal Parasiticides market and what is its expected growth rate?
  • What are the primary driving factors that push the Animal Parasiticides market forward?
  • What are the Animal Parasiticides Industry's top companies?
  • What are the different categories that the Animal Parasiticides Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Animal Parasiticides market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2023−2032
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the Animal Parasiticides Market:

  • Zoetis Inc
  • Merck Animal Health
  • Elanco Animal Health
  • Boehringer Ingelheim
  • Bayer AG
  • Ceva Sante Animale
  • Virbac
  • EMA
  • IDEXX Laboratories Inc
  • Chanelle Pharma Group
  • Others

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Browse the full Animal Parasiticides Market Size, Trends and Insights By Type (Ectoparasiticides, Endoparasiticides, Endectocides), By Animal Type (Companion Animals, Livestock Animals), By End User (Veterinary Clinics & Hospitals, Animal Farms, Home Care Settings), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 Report at https://www.custommarketinsights.com/report/animal-parasiticides-market/

Animal Parasiticides Market – Regional Analysis

  • North America: North America holds a substantial share in the Animal Parasiticides Market due to high pet ownership rates, advanced veterinary care, and a robust livestock industry. Stringent regulations on animal health and welfare drive the demand for effective parasiticides.
  • Europe: Europe’s mature veterinary industry and emphasis on animal health contribute to a significant market presence. Growing concerns about zoonotic diseases and the increasing awareness of pet well-being drive the adoption of parasiticides.
  • Asia-Pacific: The Asia-Pacific region experiences rapid market growth due to the expanding middle-class population, urbanization, and increased pet ownership. Emerging economies like China and India drive demand for both companion animal and livestock parasiticides.
  • Latin America: Latin America’s livestock industry and the growing demand for meat products contribute to the demand for livestock parasiticides. Rising disposable incomes and changing pet ownership trends also fuel the companion animal segment.
  • Middle East and Africa: The Middle East and Africa region’s livestock farming and the presence of exotic animal species contribute to the demand for parasiticides. Economic growth and improving veterinary infrastructure play a role in market expansion.

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The Animal Parasiticides Market is segmented as follows:

By Type

  • Ectoparasiticides
  • Endoparasiticides
  • Endectocides

By Animal Type

  • Companion Animals
  • Livestock Animals

By End User

  • Veterinary Clinics & Hospitals
  • Animal Farms
  • Home Care Settings

Click Here to Get a Free Sample Report of the Global Animal Parasiticides Market @ https://www.custommarketinsights.com/report/animal-parasiticides-market/

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Animal Parasiticides Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Animal Parasiticides Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Animal Parasiticides Market? What Was the Capacity, Production Value, Cost and PROFIT of the Animal Parasiticides Market?
  • What Is the Current Market Status of the Animal Parasiticides Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Animal Parasiticides Market by Considering Applications and Types?
  • What Are Projections of the Global Animal Parasiticides Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Animal Parasiticides Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On the Animal Parasiticides Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are the Market Dynamics of the Animal Parasiticides Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for the Animal Parasiticides Industry?

Click Here to Access a Free Sample Report of the Global Animal Parasiticides Market @ https://www.custommarketinsights.com/report/animal-parasiticides-market/ 

Reasons to Purchase Animal Parasiticides Market Report

  • Animal Parasiticides Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Animal Parasiticides Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Animal Parasiticides Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Animal Parasiticides Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through the Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Animal Parasiticides market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Animal Parasiticides market analysis.
  • The competitive environment of current and potential participants in the Animal Parasiticides market is covered in the report, as well as those companies' strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Animal Parasiticides market should find this report useful. The research will be useful to all market participants in the Animal Parasiticides industry.
  • Managers in the Animal Parasiticides sector are interested in publishing up-to-date and projected data about the worldwide Animal Parasiticides market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Animal Parasiticides products' market trends.
  • Market insights are sought by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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