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Animal Parasiticides Market Worth $13.7 Billion By 2025

May 10, 2021 11:05 AM ET
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  • Rising demand for animal-derived food products.
  • Increasing investments from private players.
  • Growing concerns of zoonotic diseases.
  • Regulations for preventing the spread of animal diseases.
  • Growing companion animal ownership rate.

Overview of the Study:

The study involved four major activities for estimating the size of the Animal Parasiticides Market. Exhaustive secondary research was done to collect information on the market, including its peer markets.

The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research:

Various secondary sources such as the World Health Organization (WHO), International Federation for Animal Health (IFAH), Animal Health Institute (AHI), and American Pet Products Association (APPA), alongside the annual reports, press releases, and filings of market players, have been used to identify and collect information useful for this market study.

Primary Research:

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include CEOs, consultants, subject-matter experts, directors, general managers, developers, and other key opinion leaders of companies that offer animal parasiticides.

Primary research was conducted to identify segmentation types, industry trends; animal types; key players; key market dynamics such as drivers, opportunities, challenges; and key player strategies.

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What the Market Looks Like?

The global animal parasiticides market is projected to reach USD 13.7 billion by 2025 from USD 9.7 billion in 2020, at a CAGR of 7.2 % during the forecast period.

Report Objectives:

# To define, describe, segment, and forecast the global animal parasiticides market by type, animal type, end user, and region.

# To forecast the size of the animal parasiticides market with respect to the five key regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa.

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

# To analyze micromarkets with respect to individual growth trends, 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 profile the key players in the global animal parasiticides market and comprehensively analyze their core competencies.

# To track and analyze competitive developments such as mergers and acquisitions; agreements, partnerships, and collaborations; service launches; and expansions of key players in the global animal parasiticides market.

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