Global Animal Parasiticides Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Animal Parasiticides market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global animal parasiticides market size was US$ 10261.1 million in 2021. The global animal parasiticides market is forecast to grow to US$ 32,491.1 million by 2030 by registering a compound annual growth rate (CAGR) of about 16.1% during the forecast period from 2022 to 2030.
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Animal parasiticides are chemical components that kill parasites, fungi, and bacteria present in livestock, pets, and other animals. These are primarily inert ingredients that are prepared in a formulation and contain one or more active ingredients. These parasiticides kill the infectious parasites, which may harm the health of an animal.
Factors Influencing the Market
The rising awareness about the importance of animal parasiticides is driving the growth of the global animal parasiticides market. Further, the rapidly growing number of animal livestock in the evolving markets will contribute to the growth of the market during the study period.
The growing range of offerings and implementation of welfare acts will drive the animal parasiticides market forward. In addition to that, the rising adoption of animals like dogs and cats will also benefit the animal parasiticides market during the study period.
Growing per capita expenditure on animal welfare and healthcare products will escalate the market’s expansion. However, stringent regulations for animal parasiticide approval may limit the growth of the market during the study period.
The vital applications of animal parasiticides in food-producing activities will surge the growth of the animal parasiticides market during the study period.
COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for animal parasiticides decreased as hotels and restaurants registered a substantial drop in terms of revenue. Further, the manufacturing of animal parasiticides also decreased due to nationwide lockdowns and import-export restrictions. As a result, it impeded the growth of the animal parasiticides market throughout the pandemic period.
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Regional Analysis
North America is forecast to hold the largest share in the animal parasiticides market due to upsurging demand for food obtained from animal sources. In addition, increasing awareness related to the benefits of animal parasiticides will boost the growth of the market.
The Asia-Pacific animal parasiticides market is forecast to record a significant growth rate due to growing awareness of animal health management and its benefits. In addition, the growing number of animals raising activities in developing countries like India and China will fuel the growth of the animal parasiticides market in the coming years.
Competitors in the Market
? AB Vista Inc.
? Merck Animal Health
? Zoetis Inc.
? Boehringer Ingelheim International
? Bupo Animal Health
? Cargill Inc.
? Danisco A/S
? Chr. Hansen A/S
? Novus International Inc.
? Other Prominent Players
Market Segmentation
The global animal parasiticides market segmentation focuses on Product, Animal, End-Users, and Region.
By Product
? Ectoparasiticides
o Sprays
o Dips
o Collars
o Pour-on & Spot-on
o Ear Tags
o Others
? Endoparasiticides
o Injectable
o Orals
o Feed Additives
o Others
?Endectocides
By Animal Type
? Food-producing
? Companion
By End-users
? Veterinary Hospitals
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On the basis of region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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