Animal Parasiticides - Global Industry Dynamics & Future Forecasts

Target Audience:

# Animal Parasiticides Manufacturers
# Animal Parasiticides Distributors
# Animal Health Research & Development (R&D) Companies
# Government Associations
# Research and consulting firms
# Venture Capitalists and Investors

The animal parasiticides market witnessed healthy growth during the last decade and is expected to grow at a CAGR of 5.7% between 2015 and 2020 to reach 9.75 Billion by 2020. 

The growth in this market is majorly attributed to factors such as rising animal healthcare expenditure, rising pet adoption, growing demand for animal-derived food products, increasing number of veterinary practitioners and their growing income levels in developed regions, increasing number of animal research activities along with growing research grants, and rising awareness about zoonotic diseases. 

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The following are the major objectives of the study:

# To define, describe, and forecast the global animal parasiticides market on the basis of product, animal type, and region.

# To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, opportunities, and industry-specific challenges).

# To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.

# To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.

# To forecast the size of the animal parasiticides market with respect to four major regions—North America, Europe, Asia-Pacific, and the Rest of the World.

# To strategically profile the key players in the global animal parasiticides market and comprehensively analyze their core competencies.

# To track and analyze competitive developments such as joint ventures and alliances, mergers and acquisitions, new product/technology developments, and research and development activities of the leading players in the global animal parasiticides market

Europe is the largest regional segment for animal parasiticides owing to the well-established animal healthcare market and growing R&D activities in this region. However, the market in the Asia-Pacific region is expected to grow at the highest CAGR, owing to rising pet adoption and increasing demand for animal-derived food products in India and China.

The market players, namely, Sanofi (France), Bayer AG (Germany), and Zoetis, Inc. (U.S.) together accounted for the largest share of the animal parasiticides market and will continue to dominate the market between 2015 and 2020.

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Some of the major players operating in this market are Sanofi (France), Ceva Sante Animale (France), Virbac (France), Vetoquinol S.A. (France), Eli Lilly and Company (U.S.), Zoetis, Inc. (U.S.), Merck and Co., Inc. (U.S.), Bayer AG (Germany), Boehringer Ingelheim (Germany), and Perrigo Company Plc (Ireland).

In 2013, food-producing animals accounted for nearly 79.1% of the demand for animal parasiticides products, globally. 

This segment will continue to lead the animal parasiticides market through 2018, mainly driven by the increasing number of farm animals and increased awareness towards the prevention of parasitic diseases in livestock animals.