#Global #Livestock #Parasiticides #Market #Expected
Portland, OR, Oct. 21, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global livestock parasiticides market garnered $2.6 billion in 2021, and is estimated to generate $4.9 billion by 2031, manifesting a CAGR of 6.7% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $2.6 billion |
| Market Size in 2031 | $4.9 billion |
| CAGR | 6.7% |
| No. of Pages in Report | 290 |
| Segments covered | Type, Livestock, End User, and Region. |
| Drivers | Rise in demand for meat and meat food products |
| Increase in investments by private players | |
| Growth in concerns for zoonotic diseases | |
| Regulations for preventing the spread of animal diseases | |
| Opportunities | Lucrative opportunities in emerging markets |
| Stringent regulatory approval process for drugs | |
| Restraints | Regulations restricting the use of parasiticides for food producing animals |
| Shift toward vegetarianism |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global livestock parasiticides market, owing to significant decline in the demand for animal health products during the lockdown.
- In 2020, some of the leading players in the animal health business around the world witnessed a revenue decline,…
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