Animal Parasiticides Market to Register a CAGR of 5.9% by 2024 | Page 3

segment is expected to register a significant CAGR of 5.9% during the forecast period in terms of
value. The Ectoparasiticides segment is projected to exhibit a CAGR of 5.7% over the forecast
period in terms of value.
The market has also been segmented by animal type into food producing animals and
companion animals. The food producing animals segment is expected to be the largest over the
forecast period, with the segment witnessing a CAGR of 6.2% during the forecast period. One of
the key growth drivers for animal parasiticides market is the growing concern about foodborne
and zoonotic diseases.

M a r k e t

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This report assesses trends driving growth of each segment on the regional as well as country

P e r s i s t e n c e

R e s e a r c h

exhibit the highest revenue growth over the forecast period. The Endoparasiticides product type

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level and offers potential takeaways that could prove substantially useful to animal parasiticides
manufacturers looking to enter the market. Western Europe market has been estimated to
dominate the global animal parasiticides market, accounting for a maximum revenue share of the
market by 2016 end. North America is expected to account for over 20.0% revenue share of the
global animal parasiticides market by 2016 end. Among the emerging markets, APEJ is
estimated to exhibit a significant CAGR of 6.4% over the forecast period, followed by the North
America market, due to increasing awareness about animal healthcare and increasing demand
for animal derived food products.

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Some of the key players in the global animal parasiticides market include Sanofi S.A. (Merial),
Ceva Sante Animlae, Virbac SA, Vetoquinol S.A., Eli Lilly and Company, Zoetis Inc., Merck & Co
Inc., Bayer AG, Boehringer Ingelheim GmbH and Perrigo Co. plc. The report discusses individual
strategies followed by these companies in terms of enhancing their product portfolio, creating
new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is inc