Market Research Future (Food and Beverages) Animal Parasiticides Market Research Report | Page 3

Global Animal Parasiticides Market Research Report- Forecast till 2023
2 Market Overview
Animal parasiticides is one the major sources used to maintain the animal health. Rising demand for nutritional food
products for animals and growth within the awareness regarding animal transferred diseases is influencing the
expansion of the global animal parasiticides market throughout the forecast period. Due to government support in
Europe, North America, and few regions of Asia Pacific, Key players are acquiring small players and expanding its
operational base in rural areas. Due to the increasing awareness for animal health, the market is growing at an
incremental pace of development on the global stage.
Moreover, in North America, increasing awareness about animal diseases and inclination of client preference
towards meat consumption is driving the growth of the market. North America is predicted to dominate the animal
parasiticides market owing to the magnified consumers awareness and convenience of latest technology. However,
lack of consumer’s awareness relating to animal parasiticides and increasing number of new entrants within the
market will change the market dynamics in upcoming years.
Latest Industry Updates:
March 2018 Cipla Vet has a solid existence in antibiotics market especially in ectoparasiticides and endoparasiticides
with the help of brands like Triworm and Petcam.
Feb 2018 FDA pushes for animal drug user fee reauthorization to drive down animal care costs with more generic
drugs
Feb 2018 the authorization of copper sulphate is extended by the European commission and member states. Copper
sulphate is EMA outlines steps towards ethical use of medicines in animal testing
Nov 2017 Animal parasiticides market in Australia will witness major fluctuations as Animal Health Australia has
expected more than 100,000 submissions on draft national poultry guidelines, and cage eggs was one of the most
contentious.
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