The future of the animal parasiticide market looks promising with opportunities in the veterinary clinics & hospitals, animal farms, and home care settings. The global animal parasiticide market is expected to reach an estimated $15.5 billion by 2028 with a CAGR of 7% from 2023 to 2028. The major drivers for this market are growing concern for animal health from various diseases and pesticides, rising adoption rate of domestic animals, and increasing demand for animal feeds containing parasiticides among companies that deal with livestock items.
Veterinary clinics & hospitals are expected to remain the largest end use industry segment due to the growing application of animal parasiticides in hospital settings, increasing number of parasitic diseases, and rising animal health concerns.
North America will remain the largest region due to the growing adoption of companion animals, increasing demand for animal-derived food products, and rising expenditure on animal health in the region.
Answer: The global animal parasiticide market is expected to reach an estimated $15.5 billion by 2028.
Q2. What is the growth forecast for animal parasiticide market?
Answer: The global animal parasiticide market is expected to grow with a CAGR of 7% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the animal parasiticide market?
Answer: The major drivers for this market are growing concern for animal health from various diseases and pesticides, rising adoption rate of domestic animals, and increasing demand for animal feeds containing parasiticides among companies that deal with livestock items.
Q4. What are the major segments for animal parasiticide market?
Answer: The future of the animal parasiticide market looks promising with opportunities in veterinary clinics & hospitals, animal farms, and home care setting.
Q6. Who are the key animal parasiticide companies?
Answer: Some of the key animal parasiticide companies are as follows:
Answer: The analyst forecasts that ectoparasiticide will remain the largest product type segment over the forecast period due to the escalating demand for ectoparasiticides among owners of pets and companion animals.
Q8. In animal parasiticide market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the growing adoption of companion animals, increasing demand for animal-derived food products, and rising expenditure on animal health in the region.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
Q2. Which segments will grow at a faster pace and why?
Q3. Which region will grow at a faster pace and why?
Q4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q5. What are the business risks and competitive threats in this market?
Q6. What are the emerging trends in this market and the reasons behind them?
Q7. What are some of the changing demands of customers in the market?
Q8. What are the new developments in the market? Which companies are leading these developments?
Q9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q11. What M&A activity has occurred in the last five years and what has its impact been on the industry?
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Animal Parasiticide Market by Segment
The study includes trends and forecast for the global animal parasiticide market by product type, animal type, end use industry, and region, as follows:Animal Parasiticide Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
- Ectoparasiticide
- Endoparasiticide
- Endectocide
Animal Parasiticide Market by Animal Type [Value ($B) Shipment Analysis from 2017 to 2028]:
- Companion Animals
- Livestock Animals
Animal Parasiticide Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
- Veterinary Clinics & Hospitals
- Animal Farms
- Home Care Setting
Animal Parasiticide Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Animal Parasiticide Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, animal parasiticide companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the animal parasiticide companies profiled in this report include-- Zoetis
- Elanco Animal Health
- Virbac
- Merck
- Boehringer Ingelheim
Animal Parasiticide Market Insights
The analyst forecasts that ectoparasiticide will remain the largest product type segment over the forecast period due to increasing pet ownership and escalating demand for companion animals in the developed countries.Veterinary clinics & hospitals are expected to remain the largest end use industry segment due to the growing application of animal parasiticides in hospital settings, increasing number of parasitic diseases, and rising animal health concerns.
North America will remain the largest region due to the growing adoption of companion animals, increasing demand for animal-derived food products, and rising expenditure on animal health in the region.
Features of the Animal Parasiticide Market
- Market Size Estimates: Animal parasiticide market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Animal parasiticide market size by various segments, such as product type, animal type, end use industry, and region
- Regional Analysis: Animal parasiticide market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different product types, animal types, end use industries, and regions for the animal parasiticide market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the animal parasiticide market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the animal parasiticide market size?Answer: The global animal parasiticide market is expected to reach an estimated $15.5 billion by 2028.
Q2. What is the growth forecast for animal parasiticide market?
Answer: The global animal parasiticide market is expected to grow with a CAGR of 7% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the animal parasiticide market?
Answer: The major drivers for this market are growing concern for animal health from various diseases and pesticides, rising adoption rate of domestic animals, and increasing demand for animal feeds containing parasiticides among companies that deal with livestock items.
Q4. What are the major segments for animal parasiticide market?
Answer: The future of the animal parasiticide market looks promising with opportunities in veterinary clinics & hospitals, animal farms, and home care setting.
Q6. Who are the key animal parasiticide companies?
Answer: Some of the key animal parasiticide companies are as follows:
- Zoetis
- Elanco Animal Health
- Virbac
- Merck
- Boehringer Ingelheim
Answer: The analyst forecasts that ectoparasiticide will remain the largest product type segment over the forecast period due to the escalating demand for ectoparasiticides among owners of pets and companion animals.
Q8. In animal parasiticide market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the growing adoption of companion animals, increasing demand for animal-derived food products, and rising expenditure on animal health in the region.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q1. What are some of the most promising, high-growth opportunities for the global animal parasiticide market by product type (ectoparasiticides, endoparasiticides, and endectocides), animal type (companion animals and livestock animals), end use industry (veterinary clinics & hospitals, animal farms, and home care settings), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q2. Which segments will grow at a faster pace and why?
Q3. Which region will grow at a faster pace and why?
Q4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q5. What are the business risks and competitive threats in this market?
Q6. What are the emerging trends in this market and the reasons behind them?
Q7. What are some of the changing demands of customers in the market?
Q8. What are the new developments in the market? Which companies are leading these developments?
Q9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q11. What M&A activity has occurred in the last five years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary2. Global Animal Parasiticide Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Animal Parasiticide Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Animal Parasiticide Market by Product Type
3.3.1: Ectoparasiticide
3.3.2: Endoparasiticide
3.3.3: Endectocide
3.4: Global Animal Parasiticide Market by Animal Type
3.4.1: Companion Animals
3.4.2: Livestock Animals
3.5: Global Animal Parasiticide Market by End Use Industry
3.5.1: Veterinary Clinics & Hospitals
3.5.2: Animal Farms
3.5.3: Home Care Setting
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Animal Parasiticide Market by Region
4.2: North American Animal Parasiticide Market
4.2.1: North American Animal Parasiticide Market by Product Type: Ectoparasiticides, Endoparasiticides, and Endectocides
4.2.2: North American Animal Parasiticide Market by End Use Industry: Veterinary Clinics & Hospitals, Animal Farms, and Home Care Settings
4.3: European Animal Parasiticide Market
4.3.1: European Animal Parasiticide Market by Product Type: Ectoparasiticides, Endoparasiticides, and Endectocides
4.3.2: European Animal Parasiticide Market by End Use Industry: Veterinary Clinics & Hospitals, Animal Farms, and Home Care Settings
4.4: APAC Animal Parasiticide Market
4.4.1: APAC Animal Parasiticide Market by Product Type: Ectoparasiticides, Endoparasiticides, and Endectocides
4.4.2: APAC Animal Parasiticide Market by End Use Industry: Veterinary Clinics & Hospitals, Animal Farms, and Home Care Settings
4.5: ROW Animal Parasiticide Market
4.5.1: ROW Animal Parasiticide Market by Product Type: Ectoparasiticides, Endoparasiticides, and Endectocides
4.5.2: ROW Animal Parasiticide Market by End Use Industry: Veterinary Clinics & Hospitals, Animal Farms, and Home Care Settings
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Animal Parasiticide Market by Product Type
6.1.2: Growth Opportunities for the Global Animal Parasiticide Market by Animal Type
6.1.3: Growth Opportunities for the Global Animal Parasiticide Market by End Use Industry
6.1.4: Growth Opportunities for the Global Animal Parasiticide Market by Region
6.2: Emerging Trends in the Global Animal Parasiticide Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Animal Parasiticide Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Animal Parasiticide Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Zoetis
7.2: Elanco Animal Health
7.3: Virbac
7.4: Merck
7.5: Boehringer Ingelheim
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Zoetis
- Elanco Animal Health
- Virbac
- Merck
- Boehringer Ingelheim
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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