Animal Parasiticides Market Global Forecast Report by Types (Tet Ectoparasiticides, Endoparasiticides, Endectocides), Animal Types (Companion Animals, Livestock Animal), End User (Veterinary Clinics and Hospitals, Animal Farms, Home Care Settings), Countries and Company Analysis 2024-2032
Buy NowAnimal Parasiticides Market Size
Animal Parasiticides market is expected to reach US$ 9.33 billion in 2023 to US$ 15.83 billion by 2032, with a CAGR of 6.05 % from 2024 to 2032. The market is being driven by the growing awareness of animal health due to the rise in zoonotic infections.
Global Animal Parasiticides Industry Overview
Products known as animal parasiticides are used to treat and prevent parasitic illnesses in companion animals and cattle. Animal health issues brought on by parasites like fleas, ticks, and worms can range from skin irritation to serious illness and even death. Animal parasiticides are crucial for maintaining the safety of the food supply and safeguarding the health of animals. There are several different drugs available on the market for animal parasiticides, such as injectable formulations, oral meds, and topical therapies. These medications offer broad-spectrum protection against a variety of parasite species while focusing on particular parasite kinds.
While certain animal parasiticides can be purchased at pharmacies, others need a veterinarian's prescription. With the potential to greatly enhance both the safety and quality of the food supply as well as the health and well-being of animals, the market for animal parasiticides is a rapidly expanding sector of the animal health business. By implementing tactics including partnerships, acquisitions, and the introduction of new products, large corporations are expanding their market share. For example, Elanco announced in August 2022 that it will acquire the animal health subsidiary of Bayer AG. Through the acquisition, the company aims to improve its efficiency, portfolio, and innovation strategies.
Report Features | Details |
Base Year |
2023 |
Forecast Years |
2024 - 2032 |
Historical Years |
2019 - 2023 |
Market Size in 2023 |
US$ 9.33 Billion |
Market Forecast in 2032 |
US$ 15.83 Billion |
Market Growth Rate (2024-2032) |
6.05% |
Growth Drivers for the Animal Parasiticides Market
Boosting Enhanced Offerings
The market is being stimulated by ongoing advancements that meet the need for more practical and affordable parasite control treatments. Furthermore, a single dose of medications like Bravecto can provide up to 12 weeks of tick protection. After receiving permission from the Central Drugs Standard Control Organization (CDSCO), Boehringer Ingelheim, a leading animal health company worldwide, introduced NexGard SPECTRA® in India in April 2024.
Increasing Attention to Improved Formulations
The market is expanding due to the growing demand for all-encompassing protection against a variety of parasites, which can make treatment plans easier for pet owners. These medicines make it easier to maintain consistent parasite control and decrease the frequency of treatments by mixing different active ingredients. The forecast for the animal parasiticides industry is being positively impacted by this. In July 2024, a clinical assistant professor at Texas A&M School of Veterinary Medicine and Biomedical Sciences talked about ways to lower the possible health concerns related to common farm pests and offered insight into the significance of external parasite control.
Animal Parasiticides Market Overview by Regions
The market for animal parasiticides is expanding globally because to an increase in livestock production and pet ownership. The need for efficient parasite treatments is growing in North America, Europe, and Asia-Pacific, which is driving market potential and formulation advancements. An overview of the market by region is given below:
North America Animal Parasiticides Market
United States
The market for animal parasiticides in the US is expanding significantly due to rising pet ownership and livestock production. Concerns about animal productivity and health are driving up demand for efficient parasite control products like ectoparasiticides and antihelminthics. The market environment is being shaped by developments in regulations and an emphasis on sustainable products. Leading companies are spending money on R&D to launch novel formulations, such as combo treatments. Additionally, the industry is expanding as a result of veterinarians and pet owners prioritizing parasite control due to the increased knowledge of zoonotic diseases. All things considered the US market continues to be a crucial area for animal parasiticides.
For example, according to the American Pet Products Association's (APPA) 2021–2022 National Pet Owners Survey, over 70% of American households own a pet, which translates to 90.5 million homes with 45.3 million cats and 69 million dogs. In addition, other countries in the region, such as Canada and Mexico, have seen a recent rise in pet ownership. A study by Pet Keen, released in May 2022, estimates that 38% of Canadian households have a cat and 35% have a dog.
Europe Animal Parasiticides Market
United Kingdom
The market for animal parasiticides in the UK is expanding steadily due to rising pet ownership and attention to livestock health. Pet owners and farmers alike are becoming more and more in need of efficient remedies to combat parasites like fleas, ticks, and worms. New and more potent parasiticides are being developed as a result of innovation spurred by veterinary medical developments and regulatory changes. In line with customer tastes, eco-friendly and sustainable products are also becoming more and more popular. A strong market outlook in the UK is being facilitated by aggressive parasite control methods that are being prompted by increased knowledge of zoonotic illnesses.
Asia Pacific Animal Parasiticides Market
India
India's market for animal parasiticides is expanding quickly due to rising livestock production and rising pet ownership. The need for better animal productivity and health increases the demand for efficient parasite control methods. Antihelminthics and ectoparasiticides, which deal with problems including worms, fleas, and ticks, are important sections. Government programs to improve veterinary care and livestock management can have an impact on the market. The necessity for preventive measures is further fueled by growing awareness of zoonotic illnesses. The market for parasiticides in India is changing due to advancements in product formulations and more R&D expenditures.
Middle East & Africa Animal Parasiticides Market
Saudi Arabia
Saudi Arabia's market for animal parasiticides is expanding rapidly due to rising livestock production and rising pet ownership. As the health and productivity of livestock become increasingly important, there is an increasing need for efficient treatments against parasites including ticks, fleas, and worms. The market is growing as a result of initiatives and regulatory assistance aimed at improving veterinary services. Furthermore, farmers and pet owners are taking proactive steps to manage parasites as a result of increased knowledge of zoonotic diseases. Saudi Arabia is a major player in the industry, which is being shaped by formulation innovations and a move toward sustainable products.
Animal Parasiticides Company Analysis
The major participants in the Animal Parasiticides market includes Bimeda Group, Boehringer Ingelheim GmbH, Merck & Co. Inc., PetIQ LLC, Vetoquinol S.A., Virbac, Zoetis Inc., Sanofi, ELI Lilly and Company, etc.
Animal Parasiticides Company News
In July 2024, the significance of external parasite management was explained by a clinical assistant professor at the Texas A&M School of Veterinary Medicine and Biomedical Sciences.
In April 2024, NexGard SPECTRA® was introduced by Boehringer Ingelheim in India after being approved by the Central Drugs Standard Control Organization (CDSCO).
In February 2024, to provide the animal health industry more freedom to introduce improved animal parasiticide varieties, Elanco invested almost US$1.3 billion in a deal.
Types- Industry is divided into 3 viewpoints:
- Tet Ectoparasiticides
- Endoparasiticides
- Endectocides
Animal Type- Industry is divided into 2 viewpoints:
- Companion Animals
- Livestock Animal
End User- Industry is divided into 3 viewpoints:
- Veterinary Clinics and Hospitals
- Animal Farms
- Home Care Settings
Countries- Industry is divided into 25 viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
All companies have been covered with 5 Viewpoints
- Overviews
- Key Person
- Recent Developments & Strategies
- Product Portfolio & Product Launch in Last 1 Year
- Revenue
Company Analysis
- Bimeda Group
- Boehringer Ingelheim GmbH
- Merck & Co. Inc.
- PetIQ LLC
- Vetoquinol S.A.
- Virbac
- Zoetis Inc.
- Sanofi
- ELI Lilly and Company
Report Details:
Report Features | Details |
Base Year |
2023 |
Historical Period |
2019 - 2023 |
Forecast Period |
2024 - 2032 |
Market |
US$ Billion |
Segment Covered |
Type, Animal Type, End User and Countries |
Countries Covered |
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
|
Companies Covered |
|
Customization Scope |
20% Free Customization |
Post-Sale Analyst Support |
1 Year (52 Weeks) |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Customization Services available
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1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Animal Parasiticides Market
6. Market Share Analysis
6.1 By Types
6.2 By Animal Types
6.3 By End User
6.4 By Country
7. Types
7.1 Tet Ectoparasiticides
7.2 Endoparasiticides
7.3 Endectocides
8. Animal Types
8.1 Companion Animals
8.2 Livestock Animal
9. End User
9.1 Veterinary Clinics and Hospitals
9.2 Animal Farms
9.3 Home Care Settings
10. Countries
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.3.6 Thailand
10.3.7 Malaysia
10.3.8 Indonesia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 South Africa
10.5.2 Saudi Arabia
10.5.3 United Arab Emirates
11. Porters Five Forces
11.1 Bargaining Power of Buyer
11.2 Bargaining Power of Supplier
11.3 Threat of New Entrants
11.4 Rivalry among Existing Competitors
11.5 Threat of Substitute Products
12. SWOT Analysis
12.1 Strengths
12.2 Weaknesses
12.3 Opportunities
12.4 Threats
13. Key Players Analysis
13.1 Bimeda Group
13.1.1 Overviews
13.1.2 Key Person
13.1.3 Recent Developments & Strategies
13.1.4 Product Portfolio & Product Launch in Last 1 Year
13.1.5 Revenue
13.2 Boehringer Ingelheim GmbH
13.2.1 Overviews
13.2.2 Key Person
13.2.3 Recent Developments & Strategies
13.2.4 Product Portfolio & Product Launch in Last 1 Year
13.2.5 Revenue
13.3 Merck & Co. Inc.
13.3.1 Overviews
13.3.2 Key Person
13.3.3 Recent Developments & Strategies
13.3.4 Product Portfolio & Product Launch in Last 1 Year
13.3.5 Revenue
13.4 PetIQ LLC
13.4.1 Overviews
13.4.2 Key Person
13.4.3 Recent Developments & Strategies
13.4.4 Product Portfolio & Product Launch in Last 1 Year
13.4.5 Revenue
13.5 Vetoquinol S.A.
13.5.1 Overviews
13.5.2 Key Person
13.5.3 Recent Developments & Strategies
13.5.4 Product Portfolio & Product Launch in Last 1 Year
13.5.5 Revenue
13.6 Virbac
13.6.1 Overviews
13.6.2 Key Person
13.6.3 Recent Developments & Strategies
13.6.4 Product Portfolio & Product Launch in Last 1 Year
13.6.5 Revenue
13.7 Zoetis Inc.
13.7.1 Overviews
13.7.2 Key Person
13.7.3 Recent Developments & Strategies
13.7.4 Product Portfolio & Product Launch in Last 1 Year
13.7.5 Revenue
13.8 Sanofi
13.8.1 Overviews
13.8.2 Key Person
13.8.3 Recent Developments & Strategies
13.8.4 Product Portfolio & Product Launch in Last 1 Year
13.8.5 Revenue
13.9 ELI Lilly and Company
13.9.1 Overviews
13.9.2 Key Person
13.9.3 Recent Developments & Strategies
13.9.4 Product Portfolio & Product Launch in Last 1 Year
13.9.5 Revenue
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