Animal Parasiticides Market Growth, Analysis Report, Share, Trends and Overview - 2030| IMR

Global Animal Parasiticides Market Size Was Valued at USD 8.11 Billion In 2022 And Is Projected to Reach USD 12.17 Billion By 2030, Growing at A CAGR of 5.2% From 2023 To 2030.

Antiparasitics, often known as animal parasiticides, are primarily used to eradicate parasites that infest animals and pets. Products that are parasiticidal are made from active substances that have specialized effects on different types of parasites. To create a parasiticidal formation, these active substances are combined with additional inert or non-active compounds. Typically, the formulation's inert constituents include stabilizers, implants, alcohols and water, preservatives, and other solvents. The word "antiparasitic" indicated either the product's active ingredient or the product itself. While endoparasiticides manage internal parasites like flukes, tapeworms, and roundworms, ectoparasiticides are used to eradicate exterior parasites like mites, ticks, lice, flies, and fleas, among others.

Furthermore, if they are anthelmintics, several endoparasiticides are useful against parasitic worms. In addition to these two, there is another class of antiparasitic that regulates both internal and exterior parasites; these are called endectocides. Furthermore, the majority of ectoparasiticides are insecticides, while the majority of endoparasiticides are veterinary medications in various countries across the world. This is because the majority of ectoparasiticides' active components are also used as pesticides in the agriculture industry. The majority of the active chemicals in all of these animal parasiticides have very similar chemical structures and share distinct properties, which makes it easy to group them into distinct chemical classes or families. For example, among veterinary parasiticides, there are numerous kinds of compounds. These consist of benzimidazoles, organophosphates, and synthetic pyrethroids, among others.

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Animal Parasiticides Market – Dynamics:

The growing need to treat parasitic infections in animals is driving the market for animal parasiticides. Parasiticides are necessary to preserve animal health since parasitic attacks have been shown to cause significant financial losses. The global market for animal parasiticides is expanding due to factors like the need to protect against zoonotic diseases, the need to combat zoonotic diseases, the need to defend animal health, and the steadily rising demand for animal-based foods and livestock volumes. Eggs and milk are high in nutrients, as is animal meat. Growing disposable incomes are driving consumer demand for higher-quality food products, which is driving the market for animal parasiticides to rise.           

Analysis of the Top Market Players:

Bayer AG (Germany), Zoetis Inc. (US), Virbac SA (France), Elanco Animal Health (US), Elanco Animal Health Incorporated (US), Virbac (France), Merck & Co. Inc. (the US), Boehringer Ingelheim GmbH (Germany), Bimeda Animal Health (US), Merck Animal Health (US), Ceva Santé Animale (France), Vetoquinol S.A. (France), PetIQ Inc. (the US), Norbrook (Ireland) and other major players.

Introspective Market Research specializes in delivering comprehensive Market research studies that offer valuable insights and strategic guidance to businesses worldwide. With a focus on reliability and accuracy, our reports empower informed decision-making. An in-depth examination of the overall Animal Parasiticides industry is done to provide this Market report encompassing all essential Market fundamentals. Our findings are built upon a solid foundation, drawing from a wide range of primary and secondary sources. To further enhance the comprehensiveness of our evaluation, we employ industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis. In addition to delving into the Market's intricacies, our study places a significant emphasis on the complete ecosystem of the --Animal Parasiticides Market. We dive deep into the functions and interdependencies of various Market stakeholders, providing valuable insights into their roles within the industry. Moreover, our comprehensive geographical coverage enables a profound understanding of regional trends. 

 

Segmentation of Animal Parasiticides Market

The Global Animal Parasiticides Market is segmented on the basis of software Game, Platform, Gender, Age of The Player, and Region.

By Type

  • Ectoparasiticides
  • Endoparasiticides
  • Endectocides

By Animal Type

  • Companion Animals
  • Livestock Animals

By End User

  • Animal Farms
  • Home Care Settings
  • Veterinary Clinics & Hospitals

By Distribution Channels

  • Veterinary Hospitals & Clinics
  • Pharmacies
  • Drug stores

By Region     

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

The state-of-the-art research on Animal Parasiticides Market, which is a detailed analysis of business space inclusive of the current Market trends, competitive background, and size of the Market. Encircling one or more parameters among analysis of the product, application potential, and Global and regional growth strategies.

 

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Uday Sharma

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