Animal Parasiticides Market Product Types, Animal Type Global Opportunity Analysis And Industry Forecast, 2019–2027


                                                               animal parasiticides market


Animal parasiticides are chemicals that kill parasites other than fungus and bacteria in livestock, pets, and other animals. The vast majority of parasiticides have one or more active components. Animal parasiticides are crucial in the prevention and treatment of numerous parasite illnesses in animals.

The global animal parasiticides market is estimated to account for US$ 13,829.9 MN in terms of value by the end of 2027.

Animal parasiticides are chemicals that kill parasites other than fungus and bacteria in livestock, pets, and other animals. These are generally inert compounds that are created in a formulation and contain one or more active chemicals. The majority of parasiticidal active components have similar chemical structures and share numerous characteristics. They are frequently classified into chemical classes or families. The value of animal parasiticides in the prevention and treatment of parasitic illnesses in animals has been recognized. Companies in the animal parasiticides market are developing innovative formulations and treatments to combat the rising prevalence of foodborne infections. Rising animal healthcare awareness, rapidly growing animal livestock, and technological improvements in recent years are predicted to boost the growth of the global animal parasiticides market.

The global animal parasiticides market is expected to rise significantly over the forecast period, owing to increased global awareness about animal healthcare. Furthermore, the growing number of livestock animals used for food production in emerging nations is increasing demand for animal healthcare products, which is driving the growth of the global animal parasiticides market. An increase in animal healthcare spending for animal welfare to promote livestock animal health is fueling the total animal parasiticides industry. Furthermore, rising adoption of companion animals in developed economies is expected to boost the animal parasiticides market. However, an increasing demand for vegetarian food and lifestyle, as well as a stringent licensing process for animal parasiticides, along with limits, are causing concern on the use of parasiticides in food producing animals are the restraints affecting the global animal parasiticides market.

The surge in demand for companion animals and animal protein food around the world is one of the primary animal parasiticide market drivers. These parasiticides are highly preferred since they help improve the health of pet animals. Furthermore, the increase in the prevalence of parasite infections and diseases among cattle, pet animals, and other animals is driving up demand for animal parasiticides throughout the projection period. Furthermore, increased awareness about the health of pets and livestock will enhance the use of animal parasiticides. A significant increase in demand for animal food protein products is likely to boost product sales even further.

Merck, Zoetis, Elanco, Boehringer Ingelheim Animal Health, Bayer Animal Health, Ceva Sante Animale, Virbac, Perrigo Company PLC, Sanofi, and Vetoquinol are some of the main market players in the global animal parasiticides market. These companies are employing a variety of techniques to acquire a competitive advantage and improve product sales, including significant expenditure in research and development of advanced veterinary parasiticide products. Strategic alliances with significant industry players are another important strategy used by these organizations to increase their market position.

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