Animal Parasiticides Market Report 2023, Industry Trends, Segmentation and Forecast Analysis Till 2028

The latest report by IMARC Group, titled “Animal Parasiticides Market Report by Type (Ectoparasiticides, Endoparasiticides, Endectocides), Animal Type (Companion Animals, Livestock Animals), End User (Veterinary Clinics and Hospitals, Animal Farms, Home Care Settings), and Region 2023-2028“, The global animal parasiticides market size reached US$ 9.41 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.22 Billion by 2028, exhibiting a growth rate (CAGR) of 5.65% during 2023-2028.

Animal parasiticides refer to a range of pharmaceutical products designed to control and manage parasitic infestations in animals. These infestations, caused by various parasites such as fleas, ticks, mites, and worms, can lead to discomfort, illness, and even mortality in animals. Parasiticides play a crucial role in maintaining the health and well-being of pets, livestock, and other animals, ensuring their optimal performance and quality of life. These products are developed through meticulous research and formulation, targeting specific parasites while considering the safety of the animal and the environment. They are available in various forms, including topical treatments, oral medications, and collars.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/animal-parasiticides-market/requestsample

Animal Parasiticides Market Trends and Drivers:

One of the primary factors driving the market is the increasing awareness among pet owners and livestock producers regarding the importance of parasite control in animals. As understanding grows about the potential health risks posed by parasites, there is a heightened demand for effective parasiticide solutions. Additionally, the expansion of the pet ownership landscape is another significant factor propelling market growth. With rising urbanization and changing lifestyles, more households are welcoming pets as valued members of their families. This increase in pet ownership fuels the demand for products that safeguard pets from parasitic infestations, boosting the market for companion animal parasiticides. Furthermore, the global livestock industry plays a pivotal role in driving the demand for animal parasiticides. As the world population continues to rise, so does the need for efficient livestock production to meet the demand for animal-derived products. To achieve this, livestock health management becomes crucial, and parasiticides are integral in preventing losses due to parasitic infections.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Ectoparasiticides
• Endoparasiticides
• Endectocides

Breakup by Animal Type:

• Companion Animals
• Livestock Animals

Breakup by End User:

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

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Bimeda Group
• Boehringer Ingelheim GmbH
• Ceva Santé Animale
• Merck & Co. Inc.
• Norbrook Laboratories Limited
• PetIQ LLC
• Vetoquinol S.A.
• Virbac
• Zoetis Inc.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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