Animal Parasiticides Market - Global Industry Insights, Trends, Outlo Animal Parasiticides Market | Page 2

REPORT DESCRIPTION
Animal Parasiticides Market: Overview
Animal parasiticides or antiparasitics are chemical substances used to eradicate parasites
that infect livestock, pets, and other animals and subsequently improve animal health. Most
parasiticides finished products consist of one or more active ingredients that help carry out
a specific action against particular parasites. Parasiticides also comprise inert ingredients
(water and alcohol) called as solvents (stabilizers, preservatives, emulgants, etc.). Animal
parasiticides market size is expected to grow at a significant rate owing to increased pet
adoption worldwide.
Key driving factors for the growth of the global animal parasiticides market include
increasing awareness about animal zoonotic disease, rising number of animal population
especially in developing nations of the world, increasing demand for animal-based food and
animal proteins, and increasing animal research activities. Furthermore, increasing
expenditure on animal health and government initiatives to protect animal health is fueling
demand for animal parasiticides. However, high cost of R&D activities, new species of
parasites, stringent regulatory policies for approval of animal parasiticides, and high cost of
animal parasiticide products is hindering growth of the animal parasiticides market.
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