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Global Market Study on Animal Parasiticides:
Pharmacies and Drug Stores Distribution Channel
Segment Expected to Register High Revenue
Growth through 2026
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Report Media Releases
Global Animal Parasiticides Market Projected to Register a
CAGR of 5.9% between 2016 and 2026; Concerns
Regarding Zoonotic Diseases and Awareness of Animal
Healthcare Anticipated to Drive Market Growth
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
M a r k e t
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.
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
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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.
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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
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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.
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This report assesses trends driving growth of each segment on the regional as well as country
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exhibit the highest revenue growth over the forecast period. The Endoparasiticides product type
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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.
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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.
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Global Global 4G (LTE) Devices Market 2016-2024