Global Animal Parasiticides Markets Expected to Rise at a

New York, USA, May 26, 2021 (GLOBE NEWSWIRE) — According to a newly published report by Research Dive, the global animal parasiticides market is estimated to generate a revenue of $7,082.2 million by 2026, and grow at significant CAGR of 4.2% over the forecast period (2019 to 2026). As per our analysts, the growing demand for pet animals across the globe is the significant factor predicted to fuel the growth of the global market by 2026. In addition, the rise in the occurrence of diseases and parasite infections among the pet animals, livestock, and other animals are other factors driving the market growth. Moreover, the increasing initiatives taken by various governments across the globe related to the animal’s health and safety. However, the high costs associated with R&D investments and parasiticides are estimated to hinder the market growth in projected timeframe.

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Ectoparasiticides Sub-segment to be Most Profitable

By product type, the ectoparasiticides sub-segment valued for $1,172.1 million in 2018 and is projected to register lucrative growth over the forecast period. The significant growth of this sub-segment is majorly owing to the growing need for treatment of infestations among the animals. Ectoparasiticide type market will witness a significant growth and is estimated to generate a revenue of $1,678.5 million, at a 4.6% CAGR over…