BusinessHealthWorld

5.9% Is The CAGR Expected To Be Witnessed, Thereby Bolstering The Animal Parasiticide Market From 2026

Animal Parasiticide Market

The Global Animal Parasiticide Market Share is expected to reach US$ 13,064.7 Million at a CAGR of 5.9% between 2026. With holistic and preventive wellbeing taking the center stage, the healthcare vertical is all set to devise more preventive healthcare solutions as compared to curative care along with bringing mental health into the mainstream.

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.

Strategizing The Moves For The Next Decade? See Through Sample Of Animal Parasiticide Market Report! https://www.persistencemarketresearch.co/samples/7996

Company Profile

  • 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
  • Perrigo Co. plc

Starting With The New Decade On A Diligent Note In The Animal Parasiticide Market? https://www.persistencemarketresearch.co/methodology/7996

Market dynamics

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.

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.

Market forecast

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.

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.

How About Obtaining Insights About The Region To Enter Concerning The Animal Parasiticide Market? Press The “Purchase Now” Button To Have Our Animal Parasiticide Market Report! https://www.persistencemarketresearch.com/checkout/7996

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.

About Us :-

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

Contact us:

Persistence Market Research
Address – 305 Broadway, 7th FloorNew York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com

Back to top button