Global Animal Parasiticide Market: Industry Analysis, Trend and Growth, 2015 - 2025 by Future Market Insights

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Global Animal
Parasiticide Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015
Future Market Insights
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Description
Report Description
Increasing number of animal welfare programs and government initiatives are driving the
market for the global animal parasiticide market. The animal parasiticide, also called,
Veterinary parasiticide, are products that kill parasiticide infesting upon pets, livestock,
and other animals. All these parasiticide has their own general features that determines
their suitability for the control of parasites on animals. People being increasingly being
aware about the zoonotic diseases and adoption of pet animals largely by the developed
and developing nations have made a way for the global animal parasiticide market.
The government has also contributed towards the animal welfare activities that has
resulted in the hefty demand for parasiticides which has improved the health of livestock
tremendously across the globe and also elevated the global animal parasiticide market
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The market is growing due to the increasing demand for animal health products and the
animal owners’ look out for low cost generics.
Animal Parasiticide Market: Drivers & Restraints
The increasing importance of animal health care accompanied by governmental protocols
is driving the global animal parasiticide market. The Increased number of animal livestock
in the emerging markets, developments in the parasiticide products, upcoming new
offerings by the leading players, execution of welfare acts in the developed and
developing regions, worldwide increment in the number of adoptions of
Report
Description
Report Description
animals like dogs and cats are some of the growth drivers for the global animal
parasiticide market.
Along with the increasing awareness, the increasing rate of GDP in the regions like AsiaPacific and Latin America and thereby increasing per capita spending on the animal
health care products are also responsible for growth of the market.
Apart from significant growth factors there exits some restraints to the market including
high cost R&D activities, strict regulations for approval for animal parasiticides and
restricting the use of parasiticide in some animals (specifically the food producers) in
some regions. The increasing number of species of parasites in are also contributing to
the restrains that are preventing the market from growing.
Animal Parasiticide Market: Segmentation
By product the global animal parasiticide market is segmented as Endoparasiticides
(Additives, Injectable, Drenches, Tablets/Pills, Others), Ectoparasiticides (Collars, and
Endectocides. The global animal parasiticide market is also segmented by the animal type
which are as Companion Animal (Cat, Dogs, Horses, and Others) and Food Producing
Animals (Cattle, Poultry, Sheep and Others).
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Animal Parasiticide Market: Region-wise Outlook
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Description
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The global animal parasiticide market is expected to register a favourable growth for the
forecast period, 2015? 2025. European market is the expected to hold the major share
into the market. The increment in the number of pet animals and increased awareness
among the people regarding the animal health. North America is expected to follow
Europe however the developed markets like US and Canada are reaching saturation
which tends to grow the market at a comparatively lower rate. The Asia-Pacific is
projected to endure its control in terms of growth in global animal parasiticide market.
The market is predominately affected by the increasing trend towards pet adoption. In
terms of growth Latin American regions also represent a higher growth opportunity.
APAC and Latin America is in the higher growth expectations due to the increasing GDP
rate and per capita expenditure on the animal health.
Animal Parasiticide Market: Key Players
The key market competitors in global animal parasiticide market are Zoetis, Inc, Bayer AG,
Novartis AG, Eli Lilly and Company, Merck & Co., Inc., Ceva Sante Animlae, Boehringer
Ingelheim, Virbac SA, and Vetoquinol.
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