Animal Parasiticides Market to Reach US$ 8.9 Bn by 2026; Critical Applications in Livestock and Pet Care to Shield Industry from Covid-19 Impact

Animal parasiticide manufacturers are primarily investing in collaborations with businesses in the veterinary industry to support research towards customized product development initiatives.

DUBLIN, IRELAND / ACCESSWIRE / August 6, 2020 / The global animal parasiticides market is expected to reflect a healthy growth rate between the forecast period from 2020 to 2026, and reaching a valuation of US$ 8.9 billion. According to Fact.MR, the coronavirus pandemic is likely to marginally affect operations in the animal parasiticides market. While the industry will witness minor disruptions in supply chains, the importance of parasiticide products for livestock husbandry and the growing numbers of pet owners will sustain market growth throughout the crisis period.

“Strong growth in the number of animals grown foe livestock purposes in the food production sector, particularly in developing countries, is resulting in a higher demand for associated healthcare commodities. Growing expenditure in animal welfare for livestock and pets is also fueling market growth,” says the FACT.MR analyst.

Request a sample of the report to gain more market insights at

https://www.factmr.com/connectus/sample?flag=S&rep_id=4316

Animal Parasiticides Market- Key Takeaways

Endectocides are expected to witness widespread demand in animal husbandry applications owing to low toxicity, and broad-spectrum efficacy.
Farm animal applications account for major market share, supported by demand from the massive meat processing industry.
North America is a dominant region for animal parasiticides owing to widespread insect infestations and higher awareness on animal welfare standards.

Animal Parasiticides Market- Driving Factors

Government initiatives in the food industry to prevent zoonotic disease transmission contributes to market growth.
Rising popularity of pet ownership in developed and developing economies is a key factor providing impetus to the animal parasiticides market.

Animal Parasiticides Market- Major Restraints

Strict regulatory restrictions on the usage of parasiticide products on animals for food applications hinders growth.
Lack of awareness on the benefits and requirements of animal parasiticides in rural regions limit adoption.

COVID-19 Impact on Animal Parasiticides Market

The animal parasiticides market is largely unaffected by the coronavirus pandemic. Barring minor disruptions to raw material supplies, the industry is witnessing steady growth. Animal parasiticides have been designated as essential products, which aids in sustained demand. Manufacturers are primarily invested in telework capabilities and optimizing distribution channels to keep up with deliveries even during quarantines and lockdowns.

Explore the global Animal Parasiticides Market with 64 figures, 102 data tables, along with the table of contents of the report. You can also find detailed segmentation on

https://www.factmr.com/report/4316/animal-parasiticides-market

Competitive Landscape

Boehringer Ingelheim GmbH, Merck Animal Health, Elanco Animal Health, Ceva Sante Animale, and Zoetis Inc. are some of the leading animal parasiticide manufacturers in the global market.

Animal parasiticides market players have been displaying increased interest in strategic industry acquisitions in recent times to expand product portfolio and geographical presence.

For instance, Merck Animal Health announced the acquisition of rights for VECOXAN animal parasiticides for ruminants. Vetoquinol has announced the acquisition of UK rights to Drontal and Profender products from Elanco Animal Health. Further, Elanco Animal Health has revealed the approval of acquisition for Bayer AG’s animal health division by the European Commission.

About the Report

This study offers readers a comprehensive market forecast of the animal parasiticides market. Global, regional and country-level analysis of the top industry trends impacting the animal parasiticides market is covered in this FACT.MR study. The report offers insights on the animal parasiticides market on the basis of product (ectoparasiticides, endoparasiticides, and endectocides), and species (food producing animals, companion animals, and others), across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Explore FACT.MR’s Comprehensive Coverage of Healthcare Landscape

Endoscope Flushing Pumps Market– Get the latest insights on the global Endoscope Flushing Pumps Market through FACT.MR’s report covering analysis for projection period (2017-2027).

Hemoglobin Testing Systems Market– FACT.MR’s study on the global Hemoglobin Testing Systems Market covers trends, tech innovations, players, and strategies for 2019-2029.

Bio-Engineered Stent Market– Obtain analysis on the global bio-engineered stent market through FACT.MR’s latest report covering competitive analysis, key regions, along with segmental analysis for 2018-2026.

About Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FACT.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the healthcare sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

Contact:

Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
PR- https://www.factmr.com/media-release/1559/animal-parasiticides-market-trends

SOURCE: Fact.MR

View source version on accesswire.com:
https://www.accesswire.com/600591/Animal-Parasiticides-Market-to-Reach-US-89-Bn-by-2026-Critical-Applications-in-Livestock-and-Pet-Care-to-Shield-Industry-from-Covid-19-Impact