During this research study, major players operating in the animal parasiticides market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions.
Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as company annual reports, investor presentations, Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents.
The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research 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
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Global Market Dynamics
Key Market Drivers:
# 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
# Growth of the Companion Animals Market
# Rising Animal Health Expenditure
Key Market Restraints:
# Shift towards Vegetarian Diets
# Diversity of Parasite Species
# Restrictions on the Use of Parasiticides in Food-Producing Animals
# Stringent Approval Process for Animal Parasiticides
Industry’s Revenue Growth Expectations:
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.
Geographical Growth Scenario:
On the basis of geography, the animal parasiticides market is segmented into Europe, North-America, Asia-Pacific, and Rest of the World.
In 2014, ectoparasiticides accounted for the largest share of the global animal parasiticides market and this segment is expected to witness the highest growth over the next five years. The high growth in this segment can be attributed to the advantages offered by ectoparasiticides over other parasiticide formulations.
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.
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Leading Market Players:
Some of the major players in the animal parasiticides market include Bayer AG (Germany), Boehringer Ingelheim (Germany), Ceva Sante Animale (France), Eli Lilly and Company (US), Merck and Co., Inc. (US), Zoetis, Inc. (US), Sanofi (France), Virbac (France), Vetoquinol S.A. (France), Perrigo Company PLC (Ireland), Dechra Pharmaceuticals Plc (UK), and Huvepharma (Bulgaria).
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
Following Figure Shows the Strategies Adopted by Major Leaders of Animal Parasiticides Industry:
