The animal parasiticides market is projected to reach $6.5 billion by 2024, driven by rising rates of zoonotic diseases and increasing industrial animal farming. Favorable government initiatives to promote animal welfare will also support market growth. However, limitations on certain parasiticides' use and lack of awareness in developing areas may restrain the market. The top 10 companies hold around 70% of the market share.

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Fuel Cell Market size worth $25.5bn by 2024
Animal Parasiticides Market to surpass $6.5bn by 2024:
Global Market Insights Inc.

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 Animal Parasiticides Market size is set to reach USD 6.5 billion by 2024;
according to a new research report by Global Market Insights, Inc.
 Rising incidences of zoonotic diseases coupled with increasing industrial animal
farming will serve as high impact rendering factors for the global animal
parasiticides market.
 Favorable government initiatives should elevate the global animal parasiticide
market due to the activities concerning animal welfare activities, resulting in
substantial demand for parasiticides, thus improving the health of livestock
worldwide.
Key Insights from Animal Parasiticides Market :

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 Whooping rise in the number of pet population along with improved economic status
of pet owners especially in developing regions will spur the demand for animal health
products worldwide.
 Advent of new product development to address several parasitic infections, both in
farm as well as pet animals should also fuel the industry expansion during the
forecast timeframe.
 Limitations related to use of parasiticides, especially endoparasiticides in animals for
consumption and lack of awareness about presence of animal health products in
developing and under-developed regions happens to be a paramount growth
restraining factor.
Continued...

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U.S Animal Parasiticides Market size, by Product, 2013-2024 (USD Million)

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 Application Trends
Rising number of companion animals and the preventive measures taken by their owners will
serve as a high impact rendering factor for spurring pet parasiticides products demand.
Furthermore, rising focus of animal health companies on developing promising animal
parasiticides products will propel business growth over coming years.
Regional Trends
North America animal parasiticides market accounted for more than 25% of the regional revenue
share, be indebted to large scale industrial animal farming and elevated number of pet population.
Moreover, early adoption tendency for neoteric products results in rapid realization of sales in the
United States.
Competitive Market Share
Globally active top 10 animal parasiticides companies hold nearly 70% share of the total market.
Competition on basis of product differentiation, pricing and geographical presence is seen
amongst the top players. A sizeable proportion of their share come from developed regions. Focus
on exploring promising developing markets is clearly visible, as many multinational companies are
looking for greener avenue of business to gain competitive advantage.
360° Analysis

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