Veterinary Centres Emerging as Key Sales Channel for Animal Parasiticides
Despite legislation against the usage of antibiotics in food and dairy products, the animal parasiticides market is tracing an above-average growth curve, with numerous success factors at play. Increase in livestock farming and growing intervention of central authorities to ensure animal health remain influential aspects that are catalysing the sales of animal parasiticides, on a global level.
With animal health receiving high prominence in government agendas, opportunities for veterinary practitioners have only amplified, which is resulting in easy accessibility to veterinary services for livestock farmers. This, in turn, is projected to emerge as a crucial sales channel in the animal parasiticides market during the forecast period of 2020-2026.
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Increasing Trend of Dog Ownership to Remain Integral for Market Growth
The trend of dog ownership is gaining massive momentum, especially in developed regions, and the same is gradually being mirrored in developing regions. The effect of the emotional sentiments associated with dogs, in turn, is leading to the allocation of a separate budget for pet care by individuals. With well-established veterinary facilities, it has become easy for dog owners to avail proper healthcare for their pets.
According to the Fact.MR study, in 2019, ~33% of the total sales of animal parasiticides were used for ensuring the wellbeing of dogs, among other species. Opportunities for players in the animal parasiticides market are projected to grow in parallel to the surging rate of dog ownership. However, stringent laws scrutinizing the dairy industry have also driven the popularity of animal parasiticides for milch animals. In addition, initiatives taken towards ensuring a healthy food chain have been influencing the use of these parasiticides for poultry and swine, which is likely to expand at an average rate over the forecast period.
Quest for Animal-based Protein to Augur Well for Sales of Animal Parasiticides
The Fact.MR study highlights a crucial driver, projected to bring in high-potential sales closure opportunities for players in the animal parasiticides market during the forecast period. According to the study, growing health consciousness coupled with the trend of consuming protein-rich meals has been shifting the focus of consumers from traditional protein sources to animal sources.
Moreover, gym instructors and health trainers have been recommending high-protein diets, such as the Keto diet, which is further adding sheen to the popularity of livestock animals as primary protein sources. However, as the consumption of animal protein increases, the risks associated with the transmission of infectious diseases from animals to human beings rise, thereby widening the window for the penetration of these parasiticides.
Scramble of North American Players towards Asia Pacific Market
Being a region with magnified focus on healthcare, North America, leads the animal parasiticides market. A significant chunk of the regional revenue is attributable to the surging significance of the 'pet culture', which is projected to catalyse the demand for ectoparasiticides. In 2019, among other products, ectoparasiticides held a majority ~51% share of the animal parasiticides market, given the high 'convenient' quo of the drug’s administration mode. The report also found that, the introduction of sprays is likely make it the most preferred mode of parasiticide administration over oral tablets, spot-ons, and dips.
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A large number of players operating from North America have advanced technology at their disposal, which aids them in consolidating their position in the animal parasiticides market space. These players, generally, approach the market competition with the help of inorganic strategies, such as acquisitions and partnerships, to tap new animal parasiticides markets. The inorganic route not only helps these players in acquiring a larger customer base, but collaboration with regional and local players also brings in portfolio diversification opportunities through knowledge sharing instances. However, the production of animal parasiticides, as found by the study, is cost-prohibitive in nature, which is likely to unfold opportunities for developing countries in Asia Pacific, in particular.
The availability of cheap labour coupled with the cost benefits from operational capabilities in Asia Pacific will attract investments from players operating in overseas territories. The region also holds the potential to benefit from the high regional dispatch of these parasiticides. With the high consumption of pork in China, considering the macroeconomic impact of high population density, it is likely that the adoption of sophisticated products, such as animal parasiticides, will be imperative to prevent the spread of infections.
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Animal Parasiticides Market - Scope of the Report
The report on the animal parasiticides market is an extensive study published by Fact.MR, which unfolds crucial dynamics that are found to be influencing the growth of the landscape. This study offers insights on the growth of the animal parasiticides market, by analysing the historical data for the period of 2014-2019, and 2020-2026 as the forecast period. Estimation of the revenue of the animal parasiticides market has been carried out in terms of value (US$ Mn). This research highlights the key trends that hold the potential to influence the growth of the animal parasiticides market, along with crucial macroeconomic and microeconomic growth indicators. This insightful report focuses on the key dynamics, and their impact on the value chain, which are projected to influence the future growth of the animal parasiticides market.
The report also includes a detailed section dedicated to impeders that could challenge the growth of players in the animal parasiticides market. The report unfolds lucrative opportunities for market players, which they can leverage to consolidate their position in the global market. With a view of aiding stakeholders in the animal parasiticides market, the study comprises a detailed section on the competition analysis. The study offers a dashboard view of the report, with a comprehensive comparison of players operating in the animal parasiticides market, based on total revenue, market presence, and key developments. Besides this, the recent developments and key strategies of market players have also been included in this comprehensive study.
Animal Parasiticides Market: Assessment of Key Segments
Authors of the report have segmented the animal parasiticides market into key categories to study the market at a granular level. The crucial segments considered while estimating the growth of the animal parasiticides market include:
|
Product |
Species |
Region |
|
Ectoparasiticides |
Food-producing Animals |
North America |
|
Endoparasiticides |
Companion Animals |
Europe |
|
Endectocides |
Other Livestock |
Asia Pacific |
|
|
|
Latin America |
|
|
|
Middle East & Africa |
Besides laying focus on the aforementioned key segments, the report also studies the animal parasiticides market at a country level to recalibrate the underlying opportunities available for players in the animal parasiticides market during the forecast period. Among all the estimated data, the report also includes Y-o-Y growth projections, which can help market players in comprehending the precise trajectory at which the animal parasiticides market has been growing.
Key companies profiled in this comprehensive study include Zoetis, Inc., Merck & Co., Inc., Boehringer Ingelheim, Ceva Sante Animale, Elanco, Bayer AG, Bimeda, Inc., Vetoquinol, Virbac, and The Chanelle Group. This detailed report also offers key information on the operational strategies of these players, which can help stakeholders in the market reposition themselves by understanding the competition level in the animal parasiticides market.
Animal Parasiticides Market - Research Methodology
The animal parasiticides market has been estimated through the combination of primary as well as secondary research among key countries and regions, and is validated by applying the bottom-up and top-down approach. Secondary sources referred to for producing this study include Factiva, Morningstar, industry magazines, and company annual reports and publications. Moreover, extensive interviews have been conducted by our analysts, and the data and insights obtained therein have been used for validating the information of quantum dot display gained through secondary sources. The report also includes a description of the assumptions and acronyms utilized for research purposes. The data triangulation process is used for cross-checking of the collected and analysed data, for disseminating factual information regarding the growth of the animal parasiticides market.
For assessing the size of the animal parasiticides market, on the basis of value, revenues generated by leading and prominent players, along with their production capacities, are taken into account. Backed by a robust research approach, authors of the study have taken ample care to offer detailed information on the animal parasiticides market. Other qualitative as well as quantitative findings are collected through interviews conducted with industry participants, which includes Business Development Managers, Executives, CEOs, and Managers. This crucial information has been compiled by the authors while developing this resourceful report on the animal parasiticides market. In addition to this, secondary research has been conducted to ascertain the overall size of the animal parasiticides market.
Chapter 1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
Chapter 2. Assumptions and Research Methodology
Chapter 3. Executive Summary : Global Animal Parasiticides Market
Chapter 4. Market Overview
4.1. Introduction
4.1.1. Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Animal Parasiticides Market Analysis and Forecast, 2016–2026
4.4.1. Market Revenue Projections (US$ Mn)
4.5. Porter’s Five Force Analysis
4.6. Market Outlook
4.7. Regulatory Scenario Assessment, by Region
4.7.1. North America
4.7.2. Europe
4.7.3. Asia Pacific
4.8. Recent Industry Activity in Animal Healthcare
4.9. Active Parasiticides by Chemical Class and Application
4.10. Product Launch and Innovations
4.11. Snapshot of Market Trend and Issues
Chapter 5. Global Animal Parasiticides Market Analysis and Forecast, by Product
5.1. Introduction & Definition
5.2. Global Animal Parasiticides Market Value Forecast, by Product, 2016–2026
5.2.1. Ectoparasiticides
5.2.1.1. Oral Tablets
5.2.1.2. Dips
5.2.1.3. Spray
5.2.1.4. Spot-on
5.2.1.5. Others
5.2.2. Endoparasiticides
5.2.2.1. Oral Suspension
5.2.2.2. Injectable
5.2.2.3. Feed Additives
5.2.2.4. Others
5.2.3. Endectocides
5.3. Global Animal Parasiticides Market Attractiveness By Product
Chapter 6. Global Animal Parasiticides Market Analysis and Forecast, by Species
6.1. Introduction & Definition
6.2. Global Animal Parasiticides Market Value Forecast, by Species, 2016–2026
6.2.1. Food-Producing Animals
6.2.1.1. Cattle
6.2.1.2. Poultry
6.2.1.3. Swine
6.2.1.4. Others
6.2.2. Companion Animal
6.2.2.1. Dogs
6.2.2.2. Felines
6.2.2.3. Others
6.2.3. Other Livestock
6.3. Global Animal Parasiticides Market Attractiveness By Species
Chapter 7. Global Animal Parasiticides Market Analysis and Forecast, by Region
7.1. Key Findings
7.2. Global Animal Parasiticides Market Value Forecast, by Region
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Latin America
7.2.5. Middle East & Africa
7.3. Global Animal Parasiticides Market Attractiveness By Country/Region
Chapter 8. North America Animal Parasiticides Market Analysis and Forecast
8.1. Introduction
8.2. North America Animal Parasiticides Market Value Forecast, by Product, 2016–2026
8.2.1. Ectoparasiticides
8.2.1.1. Oral Tablets
8.2.1.2. Dips
8.2.1.3. Spray
8.2.1.4. Spot-on
8.2.1.5. Others
8.2.2. Endoparasiticides
8.2.2.1. Oral Suspension
8.2.2.2. Injectable
8.2.2.3. Feed Additives
8.2.2.4. Others
8.2.3. Endectocides
8.3. North America Animal Parasiticides Market Value Forecast, by Species, 2016–2026
8.3.1. Food-Producing Animals
8.3.1.1. Cattle
8.3.1.2. Poultry
8.3.1.3. Swine
8.3.1.4. Others
8.3.2. Companion Animal
8.3.2.1. Dogs
8.3.2.2. Felines
8.3.2.3. Others
8.3.3. Other Livestock
8.4. North America Animal Parasiticides Market Value Forecast, by Country, 2016–2026
8.4.1. U.S.
8.4.2. Canada
8.5. North America Animal Parasiticides Market Attractiveness Analysis
8.5.1. By Product
8.5.2. By Species
8.5.3. By Country
Chapter 9. Europe Animal Parasiticides Market Analysis and Forecast
9.1. Introduction
9.2. Europe Animal Parasiticides Market Value Forecast, by Product, 2016–2026
9.2.1. Ectoparasiticides
9.2.1.1. Oral Tablets
9.2.1.2. Dips
9.2.1.3. Spray
9.2.1.4. Spot-on
9.2.1.5. Others
9.2.2. Endoparasiticides
9.2.2.1. Oral Suspension
9.2.2.2. Injectable
9.2.2.3. Feed Additives
9.2.2.4. Others
9.2.3. Endectocides
9.3. Europe Animal Parasiticides Market Value Forecast, by Species, 2016–2026
9.3.1. Food-Producing Animals
9.3.1.1. Cattle
9.3.1.2. Poultry
9.3.1.3. Swine
9.3.1.4. Others
9.3.2. Companion Animal
9.3.2.1. Dogs
9.3.2.2. Felines
9.3.2.3. Others
9.3.3. Other Livestock
9.4. Europe Animal Parasiticides Market Value Forecast, by Country, 2016–2026
9.4.1. Germany
9.4.2. U.K.
9.4.3. France
9.4.4. Spain
9.4.5. Italy
9.4.6. Russia
9.4.7. Rest of Europe
9.5. Europe Animal Parasiticides Market Attractiveness Analysis
9.5.1. By Product
9.5.2. By Species
9.5.3. By Country
Chapter 10. Asia Pacific Animal Parasiticides Market Analysis and Forecast
10.1. Introduction
10.2. Asia Pacific Animal Parasiticides Market Value Forecast, by Product, 2016–2026
10.2.1. Ectoparasiticides
10.2.1.1. Oral Tablets
10.2.1.2. Dips
10.2.1.3. Spray
10.2.1.4. Spot-on
10.2.1.5. Others
10.2.2. Endoparasiticides
10.2.2.1. Oral Suspension
10.2.2.2. Injectable
10.2.2.3. Feed Additives
10.2.2.4. Others
10.2.3. Endectocides
10.3. Asia Pacific Animal Parasiticides Market Value Forecast, by Species, 2016–2026
10.3.1. Food-Producing Animals
10.3.1.1. Cattle
10.3.1.2. Poultry
10.3.1.3. Swine
10.3.1.4. Others
10.3.2. Companion Animal
10.3.2.1. Dogs
10.3.2.2. Felines
10.3.2.3. Others
10.3.3. Other Livestock
10.4. Asia Pacific Animal Parasiticides Market Value Forecast, by Country, 2016–2026
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Australia & New Zealand
10.4.5. Rest of Asia Pacific
10.5. Asia Pacific Animal Parasiticides Market Attractiveness Analysis
10.5.1. By Product
10.5.2. By Species
10.5.3. By Country
Chapter 11. Latin America Animal Parasiticides Market Analysis and Forecast
11.1. Introduction
11.2. Latin America Animal Parasiticides Market Value Forecast, by Product , 2016–2026
11.2.1. Ectoparasiticides
11.2.1.1. Oral Tablets
11.2.1.2. Dips
11.2.1.3. Spray
11.2.1.4. Spot-on
11.2.1.5. Others
11.2.2. Endoparasiticides
11.2.2.1. Oral Suspension
11.2.2.2. Injectable
11.2.2.3. Feed Additives
11.2.2.4. Others
11.2.3. Endectocides
11.3. Latin America Animal Parasiticides Market Value Forecast, by Species, 2016–2026
11.3.1. Food-Producing Animals
11.3.1.1. Cattle
11.3.1.2. Poultry
11.3.1.3. Swine
11.3.1.4. Others
11.3.2. Companion Animal
11.3.2.1. Dogs
11.3.2.2. Felines
11.3.2.3. Others
11.3.3. Other Livestock
11.4. Latin America Animal Parasiticides Market Value Forecast, by Country, 2016–2026
11.4.1. Brazil
11.4.2. Mexico
11.4.3. Rest of Latin America
11.5. Latin America Animal Parasiticides Market Attractiveness Analysis
11.5.1. By Product
11.5.2. By Species
11.5.3. By Country
Chapter 12. Middle East & Africa Animal Parasiticides Market Analysis and Forecast
12.1. Introduction
12.2. Middle East & Africa Animal Parasiticides Market Value Forecast, by Product, 2016–2026
12.2.1. Ectoparasiticides
12.2.1.1. Oral Tablets
12.2.1.2. Dips
12.2.1.3. Spray
12.2.1.4. Spot-on
12.2.1.5. Others
12.2.2. Endoparasiticides
12.2.2.1. Oral Suspension
12.2.2.2. Injectable
12.2.2.3. Feed Additives
12.2.2.4. Others
12.2.3. Endectocides
12.3. Middle East & Africa Animal Parasiticides Market Value Forecast, by Species, 2016–2026
12.3.1. Food-Producing Animals
12.3.1.1. Cattle
12.3.1.2. Poultry
12.3.1.3. Swine
12.3.1.4. Others
12.3.2. Companion Animal
12.3.2.1. Dogs
12.3.2.2. Felines
12.3.2.3. Others
12.3.3. Other Livestock
12.4. Middle East & Africa Animal Parasiticides Market Value Forecast, by Country, 2016–2026
12.4.1. South Africa
12.4.2. GCC countries
12.4.3. Rest of Middle East & Africa
12.5. Middle East & Africa Animal Parasiticides Market Attractiveness Analysis
12.5.1. By Product
12.5.2. By Species
12.5.3. By Country
Chapter 13. Competition Landscape
13.1. Market Player – Competition Matrix (By Tier and Size of companies)
13.2. Global Animal Parasiticides Market Share Analysis, by Company (2019)
13.2.1. Bayer AG.
13.2.1.1. Overview
13.2.1.2. Financials
13.2.1.3. Recent Developments
13.2.1.4. Strategy
13.2.2. Bimeda Animal Health
13.2.2.1. Overview
13.2.2.2. Financials
13.2.2.3. Recent Developments
13.2.2.4. Strategy
13.2.3. Boehringer Ingelheim GmbH
13.2.3.1. Overview
13.2.3.2. Financials
13.2.3.3. Recent Developments
13.2.3.4. Strategy
13.2.4. Ceva Santé Animale
13.2.4.1. Overview
13.2.4.2. Financials
13.2.4.3. Recent Developments
13.2.4.4. Strategy
13.2.5. Elanco (Eli Lilly and Company)
13.2.5.1. Overview
13.2.5.2. Financials
13.2.5.3. Recent Developments
13.2.5.4. Strategy
13.2.6. Merck & Co., Inc.
13.2.6.1. Overview
13.2.6.2. Financials
13.2.6.3. Recent Developments
13.2.6.4. Strategy
13.2.7. Vetoquinol
13.2.7.1. Overview
13.2.7.2. Financials
13.2.7.3. Recent Developments
13.2.7.4. Strategy
13.2.8. Zoetis, Inc.
13.2.8.1. Overview
13.2.8.2. Financials
13.2.8.3. Recent Developments
13.2.8.4. Strategy
13.2.9. Virbac
13.2.9.1. Overview
13.2.9.2. Financials
13.2.9.3. Recent Developments
13.2.9.4. Strategy
13.2.10. The Chanelle Group
13.2.10.1. Overview
13.2.10.2. Financials
13.2.10.3. Recent Developments
13.2.10.4. Strategy
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Animal Parasiticides Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026