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Animal Parasiticides Market Size & Share to Exceed USD 12.17 Billion by 2030, at CAGR of 5.2%. Overview, Analysis, Dynamics, Report, Trend/Opportunities
Global Animal Parasiticides Market Size Was Valued at USD 8.11 Billion In 2023 And Is Projected to Reach USD 12.17 Billion By 2030, Growing at A CAGR of 5.2% From 2023 To 2030.

Animal parasiticides are chemical materials used to eliminate or destroy parasites that harm animal health. These parasiticides target infectious parasites by reducing or inhibiting their growth. Parasiticide products are used in animal medicine to cure or prevent parasites, including fleas, ticks, and worms. Rising incidence of parasitic infection in pets and demand for animal-based foods is expanding the need for high-quality animal parasiticides. Increasing focus on pet health, expanding pet ownership, and the utilization of advanced pet health products have also created more awareness about parasiticides. Government restrictions and strict regulations for animal parasiticides are the major challenging factors in the market's growth. Additionally, advancements in formulations of animal parasiticide products, particularly of spot-on sprays and creams, are expected to fuel market growth over the near future.

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06:22 AM - Apr 15, 2024 (UTC)

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