The North America Livestock Parasiticides Market would witness market growth of 4.7% CAGR during the forecast period (2023-2029).
Animals can get irritation-prone, in pain, or sustain wounds due to the parasites that dwell on or in their bodies. Most parasites have the potential to kill the host animal if left untreated. They may impact the production of different livestock animals, such as cattle. One of the key factors fuelling the expansion of the market for livestock parasiticides is the rising number of livestock animals in use. Additionally, the market is expected to rise faster as more people become aware of animal health management.
Internal and exterior parasites can both be eliminated with endectocides. To choose the best parasiticides, it is essential to correctly diagnose the parasite or make an accurate parasite identification based on clinical indicators. Then, to lower the arthropod population to a point where it no longer impacts health or the economy, the chosen agent can either be provided directly to the animal or introduced into the environment.
Products can be administered parenterally or applied topically using various techniques, such as dusting powders, dips, sprays, and ear tags. The technique is determined by the parasite that is being targeted and the animal that is the victim.
According to Census information in 2023, the U.S. poultry industry is a significant producer of eggs and the world's second-largest exporter of poultry meat. In comparison, less than the total amount of red meat consumed in the U.S., broilers, other chicken, and turkey is far more popular than beef or pork. Economic growth in importing markets significantly impacts the U.S. poultry business because about 18 percent of total chicken production is exported.
The US market dominated the North America Livestock Parasiticides Market by Country in 2022; thereby, achieving a market value of $1,049 Million by 2029. The Canada market is anticipated to grow at a CAGR of 6.7% during (2023 - 2029). Additionally, The Mexico market would showcase CAGR of 6.4% during (2023 - 2029).
Based on Type, the market is segmented into Ectoparasiticides, Endoparasiticides and Endectocides. Based on End User, the market is segmented into Veterinary Clinics & Hospitals and Animal Farms. Based on Livestock, the market is segmented into Cattle, Poultry, Sheep & Goats and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Livestock Parasiticides Market is Projected to reach USD 3.9 Billion by 2029, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Boehringer Ingelheim International GmbH, Elanco Animal Health, Inc., Virbac, Zoetis, Inc., PetIQ, Inc., Merck & Co., Inc., Vetoquinol SA, Norbrook Laboratories Limited, Bimeda, Inc., and Ceva Santé Animale.
By Type
By End User
By Livestock
By Country
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