The global market for fly control products in the 12 countries studied totaled over USD 470 million in 2015 at the manufacturers’ level. Brazil is the leading country with over 40% of the volume based mainly on its large beef herd. The United States is second with an estimated 20% market share.
Since the two leading markets maintain over a 60% share, the market is consolidated at the top as the other 10 countries profiled in the report make up the remainder (the United Kingdom, India, Australia, Argentina, Japan, Mexico, Germany, South Africa, China, and New Zealand).
By far, beef cattle is the leading sector for fly control, with over 40% of the market share.
Cypermethrin, including Beta-cypermethrin, is the leading active ingredient used in fly control products with almost one-fourth of the market share of consumption.
The overall industry growth rate is built up from all the individual segment forecasts from the last edition of the Fly Control in Production Animal Health: Global Market Analysis report:
- The overall growth rate is projected to be 3.4%.
- The highest growth is projected for China, South Africa, and Argentina.
- Brazil offers both a large market due to its beef herd size and medium-sized projected growth.
Based on the previous report, country markets like Brazil and the United States have been forecast to grow at a compound annual growth rate (CAGR) of 3.8% and 3.1%, respectively, to 2020.
Price reductions have and will continue to affect the segment; therefore, despite a strong need for fly control products, growth will be hindered slightly despite a global forecast CAGR of 3.4% across the segments covered to 2020.
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