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Livestock Dewormers Market by Animal Type (Cattle, Poultry, Sheep, Goat, Swine, Others), by Route of Administration (Topical, Oral, Injectable), by End-user (VeterinaryHospital, Veterinary Clinics, Others), by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The size of the Livestock Dewormers Market was valued at USD 7.80 USD Billion in 2023 and is projected to reach USD 10.92 USD Billion by 2032, with an expected CAGR of 4.93 % during the forecast period. Dewormers for livestock are Veterinary medicines employed in the control of parasites in animals under the civilizing population. They are very essential for the well-being of the animals and their fecundity. A list of various classes of dewormers is benzimidazoles, imidazothiazoles, macrocyclic lactones and tetrahydropyrimidines. Benzimidazoles affect a wide spectrum of worms by inhibiting their metabolism, whereas imidazothiazoles operate through the paralysis of the concerned parasites. Macrocyclic lactones act by disruption of the nervous systems of internal and external parasites, whereas the tetrahydropyrimidines stun worms thus causing them to be ejected from the host body. These dewormers are employed in different uses such as annual lungworm prevention and control as well as various preventive treatments for gastrointestinal worms resulting into improved livestock growth and body condition. Deworming at fixed intervals minimizes the chances of build up resistance by the parasites to enable efficient control.
Livestock Dewormers Market Trends
The livestock dewormers market is witnessing a surge in demand for broad-spectrum dewormers that can control a wide range of parasites. These dewormers offer convenience and cost-effectiveness to farmers, reducing the need for multiple treatments. Moreover, the growing adoption of organic farming practices has led to an increase in demand for natural dewormers, such as herbal extracts and probiotics. Additionally, the rise of precision livestock farming is creating opportunities for targeted deworming, enabling farmers to administer dewormers only when necessary, minimizing the risk of developing resistance.
The livestock dewormers market is driven by several factors, including:
The livestock dewormers market faces certain challenges and restraints, such as:
The Asia Pacific region is expected to dominate the livestock dewormers market, primarily driven by the growing livestock population and increasing meat consumption. China, India, and Brazil are key countries contributing to this growth. In terms of segments, the cattle segment is expected to hold the largest market share due to the widespread use of cattle for meat and dairy production.
Animal Type:
Route of Administration:
End-user:
Animal Type
Route of Administration
End-user
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.93 % from 2018-2032 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.93 % from 2018-2032 |
Segmentation |
|
Note* : In applicable scenarios
Primary Research
Secondary Research
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Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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