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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