Persistence Market Research has compiled an exhaustive research study of the ‘Animal Parasiticides market’, detailing every single market driver and intricately analyzing the business vertical. This ‘Animal Parasiticides market’ study will aid in seeking out new business opportunities and fine-tuning existing marketing strategies through insights regarding SWOT analysis, market valuation, competitive spectrum, regional share, and revenue predictions.
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.
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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 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.
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.
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.
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.
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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.
Table of Content:
- Global Animal Parasiticides Market Overview
4.1. Parent Market Overview
4.2. Market Size by Value (US$ Mn) Forecast
4.3. Absolute $ Opportunity
4.4. Market taxonomy
- Global Animal Parasiticides Market Dynamics
5.1. Key Growth Drivers
- Global Animal Parasiticides Market Trends
- Global Animal Parasiticides Market Scenario Forecast
- Global Animal Parasiticides Market Pricing Analysis
8.1. Global Animal Parasiticides Price Estimates (US$) By Product Type and Region, 2015
8.2. Global Animal Parasiticides Price Estimates (US$) By Product Type and Region, 2026
- Global Animal Parasiticides Market Value Chain Analysis
9.1. Value Chain
9.2. Profit Margin Analysis, 2016
- Global Animal Parasiticides Market Analysis by Product Type
10.2. Y-o-Y Growth Comparison by Product Type
10.3. Market Share & Basis Point (BPS) Analysis, By Product Type
10.4. Ectoparasiticides Market
10.4.1. Market Size Value (US$ Mn) Forecast
10.4.2. Absolute $ Opportunity
10.4.2.1. Pour ons and spot ons
10.4.2.4. Ear tags
10.4.2.6. Oral tablets
10.5. Endoparasiticides Market
10.5.1. Market Size Value (US$ Mn) Forecast
10.5.2. Absolute $ Opportunity
10.5.2.1. Oral liquid
10.5.2.2. Oral solid
10.5.2.4. Feed additives
10.6. Endectocides Market
10.6.1. Market Size Value (US$ Mn) Forecast
10.6.2. Absolute $ Opportunity
10.7. Global Animal Parasiticides Market Attractiveness Analysis By Product Type
- Global Animal Parasiticides Market Analysis by Animal Type
11.2. Y-o-Y Growth Comparison by Animal Type
11.3. Market Share & Basis Point (BPS) Analysis, By Animal Type
11.4. Food Producing Animal Parasiticides Market
11.4.1. Market Size Value (US$ Mn) Forecast
11.4.2. Absolute $ Opportunity
220.127.116.11. Sheep and Goat
11.5. Companion Animal Parasiticides Market
11.5.1. Market Size Value (US$ Mn) Forecast
11.5.2. Absolute $ Opportunity
11.6. GLOBAL Animal Parasiticides Market Attractiveness Analysis By Animal Type
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