Animal Parasiticides Market Capacity, Production Status and Outlook 2018-2025
Parasites are organisms that depend on other organisms for their growth. They hamper the growth of the host by extracting its nutrients. These parasiticides are veterinary medicines either used to kill these parasites or keep them away. There has been a significant improvement in the livestock health on account of the use of parasiticides. The veterinary pharmaceuticals have helped in transforming the health of animal companions and livestock cattle. Increasing pet adoption is the major factor driving the global animal parasiticides market.
Parasites are organisms that depend on other organisms for their growth. They hamper the growth of the host by extracting its nutrients. These parasiticides are veterinary medicines either used to kill these parasites or keep them away. There has been a significant improvement in the livestock health on account of the use of parasiticides. The veterinary pharmaceuticals have helped in transforming the health of animal companions and livestock cattle. Increasing pet adoption is the major factor driving the global animal parasiticides market.
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<strong>Animal</strong> <strong>Parasiticides</strong> <strong>Market</strong> <strong>Capacity</strong>, <strong>Production</strong> <strong>Status</strong><br />
<strong>and</strong> <strong>Outlook</strong> <strong>2018</strong>-<strong>2025</strong><br />
<strong>Animal</strong> <strong>Parasiticides</strong> <strong>Market</strong> Report provides in-depth analysis of industry by<br />
<strong>Production</strong>, Share, Size, Dem<strong>and</strong>, Proposition, Development, Opportunistic<br />
Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic<br />
Investment Feasibility, Major key players, SWOT Analysis <strong>and</strong> Forecast.<br />
Global <strong>Animal</strong> <strong>Parasiticides</strong> <strong>Market</strong> dem<strong>and</strong> is expected to witness a steady growth mainly on<br />
account of increasing adoption of pet companion <strong>and</strong> increasing awareness on animal healthcare.<br />
Parasites are organisms that depend on other organisms for their growth. They hamper the growth<br />
of the host by extracting its nutrients. These parasiticides are veterinary medicines either used to kill<br />
these parasites or keep them away. There has been a significant improvement in the livestock<br />
health on account of the use of parasiticides. The veterinary pharmaceuticals have helped in<br />
transforming the health of animal companions <strong>and</strong> livestock cattle. Increasing pet adoption is the<br />
major factor driving the global animal parasiticides market. Pets are kept by people for their<br />
company <strong>and</strong> protection. Pet have been known to heal psychological troubles.<br />
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Dogs, cats, rabbits, <strong>and</strong> horses are some of the popular mammals domesticated for a human<br />
environment. These pets are vulnerable to parasites which result in their malnourished growth.<br />
Increasing government initiatives coupled with animal welfare societies have been educating the<br />
pet guardians regarding veterinary health care. Moreover, some parasites are a threat to the life of<br />
humans as well.<br />
Increasing consumption of milk <strong>and</strong> milk products have resulted in propelling the parasiticides<br />
dem<strong>and</strong>. These products have helped in raising the milk yield <strong>and</strong> maintaining the health of cattle.<br />
Further, these substances have been known to improve the quality of milk. Parasites are capable of<br />
quickly spreading among the entire cattle livestock <strong>and</strong> therefore it becomes necessary to take<br />
immediate remedies for its prevention <strong>and</strong> treatment. Growing meat industry is another factor<br />
driving the overall growth of these parasiticides market. Modern techniques used in animal<br />
husb<strong>and</strong>ry in order to obtain high-quality meat I expected to fuel the market over the forecast<br />
period. Government regulations with respect to cattle breeding for meat production are anticipated<br />
to further offer bright prospects for the industry growth. Increasing consumer dem<strong>and</strong> for high<br />
nutrient meat has resulted in eradication of these parasites which are known to reduce the nutrient<br />
content. Further, increasing awareness associated with meat safety for human consumption has<br />
resulted in the implementation of parasiticides treatment in animal husb<strong>and</strong>ry.<br />
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The resistance offered by parasites over the period of time is the biggest challenge faced by the<br />
manufacturers. Going by the Darwin’s theory of evolution, parasites have shown resistance to<br />
chemicals which once upon a time were quite effective. Human health effects associated with this<br />
chemical usage is expected to pull the market down over the forecast period. Exposure to these<br />
products is known to cause irritation <strong>and</strong> breathing problems. Increasing government initiatives to<br />
prevent the extinction of certain species of animals provide bright opportunities for the industry<br />
growth in near future. Establishment of wildlife sanctuaries has significantly contributed to the<br />
tourism industry which in turn has dem<strong>and</strong>ed proper nurturing of animals. Development of<br />
veterinary science for wildlife is expected to provide new horizons for the industry growth in near<br />
future. Some parasites are known to be disease carriers which result in large scale epidemic.
Controlling cattle disease has been a major challenge for the animal breeding industry. These<br />
diseases have severely affected the poultry industry. Usage of parasiticides in an attempt to prevent<br />
the spread of diseases is anticipated to provide good opportunities in near future.<br />
People for the ethical treatment of animals (PETA) is a non-profit animal right organization with its<br />
headquarters in the U.S. It gives best practices for maintaining domesticated animal health. Similar<br />
initiatives promoting health is expected to provide bright opportunities over the forecast period.<br />
Segmentation is done based on their application which include companion pets, food producing<br />
cattle <strong>and</strong> wildlife animals. Segmentation based on the product type include endectocides, endo<br />
parasiticides, ectoparasiticides. Europe dominates the dem<strong>and</strong> <strong>and</strong> the trend is expected to<br />
continue on account high cattle breeding industry. Countries including France, Germany, Irel<strong>and</strong>,<br />
Italy, <strong>and</strong> Spain are the major nations in animal husb<strong>and</strong>ry. Regional dem<strong>and</strong> is followed by North<br />
America mostly on account of pet adoption. It is being observed that there has been increasing<br />
number of dogs <strong>and</strong> cats adopted as cats in the U.S.<br />
Asia-Pacific is expected to witness a steady growth mainly on account of meat consumption.<br />
Emerging economies including India, China, <strong>and</strong> South Korea are expected to witness a high growth<br />
owing to the increasing consumption of milk <strong>and</strong> meat. South America <strong>and</strong> Africa is expected to<br />
witness a slow growth mainly on account of lack of awareness of the farmers <strong>and</strong> insufficient<br />
government initiatives.<br />
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<strong>Market</strong> Segment:<br />
Global <strong>Animal</strong> <strong>Parasiticides</strong> market competition by top manufacturers, with production, price,<br />
revenue (value) <strong>and</strong> market share for each manufacturer; the top players including<br />
• Bayer AG (Germany)<br />
• Zoetis (U.S.)<br />
• Sanofi (France)
• Boehringer Ingelheim (Germany)<br />
• Merck (U.S.)<br />
• Novartis AG (Switzerl<strong>and</strong>)<br />
• Ceva Sante <strong>Animal</strong>e (France)<br />
• Eli Lilly <strong>and</strong> Company (U.S.)<br />
• Virbac (France)<br />
• Perrigo Company PLC (Irel<strong>and</strong>)<br />
• Vetoquinol (France)<br />
On the basis of product, this report displays the production, revenue, price, market share <strong>and</strong><br />
growth rate of each type, primarily split into<br />
• Endoparasiticides<br />
• Ectoparasiticides<br />
• Endectocides<br />
• Other<br />
On the basis of the end users/applications, this report focuses on the status <strong>and</strong> outlook for major<br />
applications/end users, consumption (sales), market share <strong>and</strong> growth rate for each application,<br />
including<br />
• <strong>Animal</strong><br />
• Home Care<br />
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https://www.millioninsights.com/industry-reports/animal-parasiticides-market
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