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Animal Parasiticides Market

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In this report, Persistence Market Research (PMR) delivers key insights on the global animal parasiticides market in its published report
Global Animal Parasiticide Market is Estimated to Represent US$ 13,064.7 Mn by
2026
In this report, Persistence Market Research (PMR) delivers key insights on the global
animal parasiticides market in its published report, titled “Animal Parasiticides Market:
Global Industry Analysis and Forecast, 2016–2026.” In terms of revenue, the global animal
in 2015 and is anticipated to reach a market valuation of US$ 13,064.7 Mn by 2026.
The prime factors powering the demand for animal parasiticides are increasing awareness
about animal healthcare, increasing demand of animal derived food products, growing
concern about foodborne diseases and zoonotic diseases, growth in adoption of companion
animals and increase in animal healthcare expenditure. However, a growing preference for
vegetarian food and diet and a stringent approval process for animal parasiticides coupled
with restrictions on the use of parasiticides in food producing animals are the restraints
affecting the global animal parasiticides market.
A key trend defining the market is that larger players are focused towards enhancing their
geographical presence and expanding their customer base by entering into strategic mergers
and acquisitions. Furthermore, huge investment from government organizations and private
players for research and development activities is also a key trend of global animal
parasiticides market.
The market is segmented based on product type, animal type, distribution channel and
region. Based on product type, the market is sub-segmented into Ectoparasiticides,
Endoparasiticides and Endectocides. Among the product type segment, Endoparasiticides
segment is expected to exhibit the highest revenue growth over the forecast period. The
Endoparasiticides product type segment is expected to register a significant CAGR of 5.9%
during the forecast period in terms of value. The Ectoparasiticides segment is projected to
exhibit a CAGR of 5.7% over the forecast period in terms of value.parasiticides market is
estimated to register a promising CAGR of 5.9% over the forecast period, owing to
numerous factors, about which PMR offers thorough insights and forecasts in this report.
The global animal parasiticides market registered a value of US$ 6,976.2 Mn in 2015 and is
anticipated to reach a market valuation of US$ 13,064.7 Mn by 2026.
The prime factors powering the demand for animal parasiticides are increasing awareness
about animal healthcare, increasing demand of animal derived food products, growing
concern about foodborne diseases and zoonotic diseases, growth in adoption of companion
animals and increase in animal healthcare expenditure. However, a growing preference for
vegetarian food and diet and a stringent approval process for animal parasiticides coupled
with restrictions on the use of parasiticides in food producing animals are the restraints
affecting the global animal parasiticides market.
A key trend defining the market is that larger players are focused towards enhancing their
geographical presence and expanding their customer base by entering into strategic mergers
and acquisitions. Furthermore, huge investment from government organizations and private
players for research and development activities is also a key trend of global animal
parasiticides market.
The market is segmented based on product type, animal type, distribution channel and
region. Based on product type, the market is sub-segmented into Ectoparasiticides,
Endoparasiticides and Endectocides. Among the product type segment, Endoparasiticides
segment is expected to exhibit the highest revenue growth over the forecast period. The
Endoparasiticides product type segment is expected to register a significant CAGR of 5.9%
during the forecast period in terms of value. The Ectoparasiticides segment is projected to
exhibit a CAGR of 5.7% over the forecast period in terms of value.
Browse Complete Report @ https://www.persistencemarketresearch.com/marketresearch/animal-parasiticide-market.asp
The market has also been segmented by animal type into food producing animals and
companion animals. The food producing animals segment is expected to be the largest over
the forecast period, with the segment witnessing a CAGR of 6.2% during the forecast
period. One of the key growth drivers for animal parasiticides market is the growing concern
about foodborne and zoonotic diseases.
This report assesses trends driving growth of each segment on the regional as well as
country level and offers potential takeaways that could prove substantially useful to animal
parasiticides manufacturers looking to enter the market. Western Europe market has been
estimated to dominate the global animal parasiticides market, accounting for a maximum
revenue share of the market by 2016 end. North America is expected to account for over
20.0% revenue share of the global animal parasiticides market by 2016 end. Among the
emerging markets, APEJ is estimated to exhibit a significant CAGR of 6.4% over the
forecast period, followed by the North America market, due to increasing awareness about
animal healthcare and increasing demand for animal derived food products.
Some of the key players in the global animal parasiticides market include Sanofi S.A.
(Merial), Ceva Sante Animlae, Virbac SA, Vetoquinol S.A., Eli Lilly and Company, Zoetis
Inc., Merck & Co Inc., Bayer AG, Boehringer Ingelheim GmbH and Perrigo Co. plc. The
report discusses individual strategies followed by these companies in terms of enhancing
their product portfolio, creating new marketing techniques, mergers and acquisitions. The
‘Competitive Landscape’ is included to provide report audiences with a dashboard view and
company share collectively.
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ashutosh
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