Market Synopsis of animal parasiticides market Market Definition Animal parasiticides are products used to control parasitic attack on livestock, pets, horses or other animals. The primary objective of animal parasiticides is to control parasitic effects and improve animal health. Animal parasiticides are added to the feed to counter diseases and also add up nutritive value.
Market Scenario Animal parasiticides serve as agents that destroy parasites, due to its natural origin and is gaining popularity among the poultry medication owing to their beneficial effects on immune system and livestock growth performance. Animal parasiticides are identified to be an effective alternative to the conventional medicines used in poultry production. Growing population in developing countries has increased the demand for production of poultry, ruminants and other livestock for consumption, which has uplifted the demand for animal parasiticides in the market. Furthermore, increasing animal diseases and raised consumption of poultry and meat products is fueling the growth of the global animal parasiticides market. Moreover, focus on R&D is bringing innovative products in animal disease prevention, which supports the market growth.
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U.K is the major consumer of animal parasiticides in Europe Animal parasiticides have a massive opportunity in the feed industry
Segments Animal parasiticides are segmented on the basis of type, which includes ectoparasiticides, endoparasiticides, and endectocides, of which, the endoparasiticides segment is dominating the market owing to its ease of usage and effectiveness.
Animal parasiticides are segmented on the basis of species, which includes poultry, swine, sheep & goats, cattle, and others. Cattle segment is dominating the market, followed by poultry. The foremost reason for this growth is increased consumption for animal source protein.
Regional Analysis The global animal parasiticides market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The Europe market holds the largest share of market, followed by North America. Rising demand for animal protein in the region has exerted pressure on livestock farmers. This situation has generated an opportunity for animal parasiticides manufacturers. Additionally, growing awareness regarding animal health, and the boost in animal productivity, drives the animal parasiticides market in these regions. However, Asia Pacific region is expected to be the fastest growing market during the forecast period. Furthermore, high demand for animal medicinal products is considered to be a key driving factor in this region. Additionally, increasing consumption of meat and meat products in the growing population is driving the animal parasiticides market. U.S., Germany, U.K., Belgium, and France are the major importers of animal parasiticides.
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Key Players Some of the key players profiled in the global animal parasiticides market are Eli Lilly and Company Limited (U.K), Boehringer Ingelheim GmbH (Germany), Bayer Aktiengesellschaft (Germany), Merck & Co., Inc. (U.S.), Zoetis Inc. (U.S), Sanofi (France), Virbac Corporation (U.S.), Ceva Sante Animale S.A. (France), Vetoquinol SA (France), and Perrigo Company plc (Ireland)
The global animal parasiticides market is segmented into the following regions North America
U.S. Canada Mexico
Germany France Italy Spain U.K. Rest of Europe
China India Australia Japan Rest of Asia Pacific
Rest of the world
Brazil Argentina South Africa Others
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The report for global animal parasiticides market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the various segments and regions of the market.
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Published on Mar 13, 2018
Published on Mar 13, 2018
Abstract report over Animal Parasiticides Market report cover Industry news, Market Size, current trends along with forecast | Animal Paras...