PUBLISHER: DataM Intelligence | PRODUCT CODE: 1448051
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1448051
Animal Parasiticides Market - 2023-2030
Overview
Global Animal parasiticides market reached US$ 11.8 billion in 2022 and is expected to reach US$ 19.09 billion by 2030, growing with a CAGR of 6.2% during the forecast period 2023-2030.
The global animal parasiticides market has witnessed significant growth and transformations over the years, as they are designed to prevent, control, or eliminate parasites in animals, and help in maintaining optimal health conditions for animals, potentially leading to improved growth rates, and reproductive performance.
Furthermore, manufacturing companies are investing in these products, for instance, in October 2023, Boehringer Ingelheim, a global leader in human and animal health launched NexGard (afoxolaner) S and M in India. This is suitable for use in dogs and puppies from eight weeks of age and is delivered as a monthly treatment in highly palatable flavored chewables that kill fleas before they can lay eggs, ticks, and mites.
The ectoparasiticides segment accounts for the largest share in the global market, similarly Asia- the Asia-Pacific region shows a dominant world share, as the demand for meat consumption is high in this region, in Australia around 50.1 kg of chicken meat is consumed every day. It can help in driving the global animal parasiticides market.
Dynamics
Increase in Prevalence of Animal Diseases
Over the past few years, the prevalence of animal diseases has increased, for instance, according to the report published in the Times of Hindu in February 2023, Kochi Vet hospitals have been witnessing five to six tick fever cases in dogs daily over the past few weeks. Hence, such instances of increase in tick cases can help in driving the global animal parasiticides market.
Furthermore, as the prevalence of animal diseases is increasing, consumers are highly adopting these parasiticides as they help prevent the spread of these diseases, protecting the health and well-being of the animals. Hence, the awareness of the parasiticides products can contribute to increasing the market growth.
Rising Pet Adoption Rate
people around the world are choosing to adopt pets, for instance, according to KC Pet Project, a charitable organization operating the KC Campus for Animal Care report, around 10,725 pets were adopted in 2022 which includes 4,661 dogs, 5,904 cats, and 160 other pets. Therefore, such a high rate of pet adoptions can help in boosting the market growth.
Furthermore, as the adoption rate is increasing, it increasing the demand for products that ensure the health and well-being of these animals, including parasiticides, as they help in preventing, and treating various parasites, including fleas, ticks, and worms. Hence, such factors can contribute to expanding the adoption rate for parasiticide products for a wide range of animals.
Resistance Development
Resistance development is indeed a significant challenge for the animal parasiticides market. Parasites can develop resistance to particular types of parasiticides over time. The efficiency of these medications might decrease as a result of this lowered susceptibility, making it more difficult to manage and eradicate parasite infestations in animals.
Segment Analysis
The global animal parasiticides market is segmented based on product, parasite type, distribution channel, product form, animal type, and region.
Increase in Demand for Effective Animal Treatment
The ectoparasiticides type shows the dominance in global animal parasiticides market, consumers are highly adopting these designed to control and eliminate external parasites that infest the skin, fur, and feathers, they are highly effective in controlling, preventing, and transmitting fleas and ticks, and other infestations in pets and livestock, it can help in gaining the popularity for animal parasiticides products.
Furthermore, as the demand for these types of products is increasing, manufacturers are launching innovative products to attract larger consumer bases, for instance, in April 2023, Carus Laboratories, a leading animal health company, launched a AmitHit, a ectoparasiticide dip concentrate liquid, AmitHit is a powerful combination of an active ingredient, Amitraz and Deltamethrin which is designed to effectively kill ticks and mites in animals. Therefore, such product developments can propel the adoption rate for the animal parasiticides market.
Geographical Penetration
High Meat Consumption Rate in Asia-Pacific
Asia-Pacific has been a dominant force in the global animal parasiticides market. As the demand for meat consumption is high in this region, the livestock industries are highly adopting these parasiticides as a small animal medicine to prevent and treat for various parasites, including fleas, ticks, and worms. Also, helps in increasing the productivity of animals.
Furthermore, the meat consumption rate is high in this region, for instance, in the Australian Bureau of Agricultural and Resource Economics and Sciences. Nearly 70 percent of Australian households serve chicken meat at least twice weekly. In 2022/23 Australians they increased consumption to 50.1 kg of chicken meat on average each.
Competitive Landscape
The major global players in the market include Zoetis Services LLC., Elanco, Virbac, Boehringer Ingelheim International GmbH., Merck & Co., Inc., Vetoquinol, PetIQ, LLC., ECO - Animal Health Ltd., Norbrook, and Ceva
COVID-19 Impact Analysis
During the pandemic, the pet adoption rate has increased which has shown a positive impact on the global animal parasiticides market, but due to government lockdown restrictions, the supply chain of products has been disrupted which caused a slight declination in global animal parasiticides market.
By Product
- Ectoparasiticides
- Pour On
- Spot On
- Sprays
- Powders
- Others
- Endoparasiticides
- Injectables
- Oral Liquids
- Oral Tablets
- Feed Additives
- Endectocides
- Others
By Parasite Type
- Roundworms
- Tapeworms
- Heartworms
- Flukes
- Coccidia
- Mite
- Tick
- Flea
- Lice
- Grub Infestation
- Others
By Distribution Channel
- E-Commerce
- Veterinary Hospitals & Clinics
- Pharmacies
- Others
By Product Form
- Capsules/Tablets
- Powder
- Liquid
- Ointment
- Others
By Animal Type
- Cattle
- Pet Animals
- Livestock
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- In November 2023, NOAH has launched its 'Paws to Protect' campaign to improve pet owner awareness of the importance of reading and following the warnings and recommendations on the packaging and labeling provided with veterinary medicines.
- In May 2020, Merck Animal Health, known as MSD Animal Health, a division of Merck & Co., Inc., Kenilworth, N.J., USA, and Virbac acquired Merck Animal Health the U.S. rights to sentinel flavor tabs and sentinel spectrum Chews in the Companion Animal category.
- In January 2021, Boehringer Ingelheim announced that it has received marketing authorization from the EMA (European Medicine Agency) and European Commission for its NexGard COMBO topical solution for cats. This innovative parasiticide will be available in the European Union shortly. NexGard COMBO offers unparalleled protection for cats.
Why Purchase the Report?
- To visualize the global animal parasiticides market segmentation based on product, parasite type, distribution channel, product form, animal type and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of animal parasiticides market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global animal parasiticides market report would provide approximately 78 tables, 84 figures and 210 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
Table of Contents
1.Methodology and Scope
- 1.1.Research Methodology
- 1.2.Research Objective and Scope of the Report
2.Definition and Overview
3.Executive Summary
- 3.1.Snippet by Product
- 3.2.Snippet by Parasite Type
- 3.3.Snippet by Distribution Channel
- 3.4.Snippet by Product Form
- 3.5.Snippet by Animal Type
- 3.6.Snippet by Region
4.Dynamics
- 4.1.Impacting Factors
- 4.1.1.Drivers
- 4.1.1.1.Increase in Prevalence of Animal Diseases
- 4.1.1.2.Rising Pet Adoption Rate
- 4.1.2.Restraints
- 4.1.2.1.Resistance development
- 4.1.3.Opportunity
- 4.1.4.Impact Analysis
- 4.1.1.Drivers
5.Industry Analysis
- 5.1.Porter's Five Force Analysis
- 5.2.Supply Chain Analysis
- 5.3.Pricing Analysis
- 5.4.Regulatory Analysis
- 5.5.Production Analysis
- 5.6.DMI Opinion
6.COVID-19 Analysis
- 6.1.Analysis of COVID-19
- 6.1.1.Scenario Before COVID
- 6.1.2.Scenario During COVID
- 6.1.3.Scenario Post COVID
- 6.2.Pricing Dynamics Amid COVID-19
- 6.3.Demand-Supply Spectrum
- 6.4.Government Initiatives Related to the Market During Pandemic
- 6.5.Manufacturers Strategic Initiatives
- 6.6.Conclusion
7.By Product
- 7.1.Introduction
- 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2.Market Attractiveness Index, By Product
- 7.2.Ectoparasiticides*
- 7.2.1.Introduction
- 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.2.3.Pour On
- 7.2.4.Spot On
- 7.2.5.Sprays
- 7.2.6.Powders
- 7.2.7.Others
- 7.3.Endoparasiticides
- 7.3.1.Injectables
- 7.3.2.Oral Liquids
- 7.3.3.Oral Tablets
- 7.3.4.Feed Additives
- 7.4.Endectocides
- 7.5.Others
8.By Parasite Type
- 8.1.Introduction
- 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Parasite Type
- 8.1.2.Market Attractiveness Index, By Parasite Type
- 8.2.Roundworms*
- 8.2.1.Introduction
- 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3.Tapeworms
- 8.4.Heartworms
- 8.5.Flukes
- 8.6.Coccidia
- 8.7.Mite
- 8.8.Tick
- 8.9.Flea
- 8.10.Lice
- 8.11.Grub Infestation
- 8.12.Others
9.By Distribution Channel
- 9.1.Introduction
- 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 9.1.2.Market Attractiveness Index, By Distribution Channel
- 9.2.E-Commerce*
- 9.2.1.Introduction
- 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3.Veterinary Hospitals & Clinics
- 9.4.Pharmacies
- 9.5.Others
10.By Product Form
- 10.1.Introduction
- 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
- 10.1.2.Market Attractiveness Index, By Product Form
- 10.2.Capsules/Tablets*
- 10.2.1.Introduction
- 10.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3.Powder
- 10.4.Liquid
- 10.5.Ointment
- 10.6.Others
11.By Animal Type
- 11.1.Introduction
- 11.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 11.1.2.Market Attractiveness Index, By Animal Type
- 11.2.Cattle*
- 11.2.1.Introduction
- 11.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3.Pet Animals
- 11.4.Livestock
12.By Region
- 12.1.Introduction
- 12.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 12.1.2.Market Attractiveness Index, By Region
- 12.2.North America
- 12.2.1.Introduction
- 12.2.2.Key Region-Specific Dynamics
- 12.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 12.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Parasite Type
- 12.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
- 12.2.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 12.2.8.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.2.8.1.U.S.
- 12.2.8.2.Canada
- 12.2.8.3.Mexico
- 12.3.Europe
- 12.3.1.Introduction
- 12.3.2.Key Region-Specific Dynamics
- 12.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 12.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Parasite Type
- 12.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
- 12.3.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 12.3.8.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.3.8.1.Germany
- 12.3.8.2.UK
- 12.3.8.3.France
- 12.3.8.4.Italy
- 12.3.8.5.Russia
- 12.3.8.6.Rest of Europe
- 12.4.South America
- 12.4.1.Introduction
- 12.4.2.Key Region-Specific Dynamics
- 12.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 12.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Parasite Type
- 12.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
- 12.4.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 12.4.8.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.4.8.1.Brazil
- 12.4.8.2.Argentina
- 12.4.8.3.Rest of South America
- 12.5.Asia-Pacific
- 12.5.1.Introduction
- 12.5.2.Key Region-Specific Dynamics
- 12.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 12.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Parasite Type
- 12.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
- 12.5.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 12.5.8.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.5.8.1.China
- 12.5.8.2.India
- 12.5.8.3.Japan
- 12.5.8.4.Australia
- 12.5.8.5.Rest of Asia-Pacific
- 12.6.Middle East and Africa
- 12.6.1.Introduction
- 12.6.2.Key Region-Specific Dynamics
- 12.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 12.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Parasite Type
- 12.6.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.6.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
- 12.6.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
13.Competitive Landscape
- 13.1.Competitive Scenario
- 13.2.Market Positioning/Share Analysis
- 13.3.Mergers and Acquisitions Analysis
14.Company Profiles
- 14.1. Zoetis Services LLC. *
- 14.1.1.Company Overview
- 14.1.2.Product Portfolio and Description
- 14.1.3.Financial Overview
- 14.1.4.Key Developments
- 14.2.Elanco
- 14.3.Virbac
- 14.4.Boehringer Ingelheim International GmbH.
- 14.5.Merck & Co., Inc.
- 14.6.Vetoquinol
- 14.7.PetIQ, LLC.
- 14.8.ECO - Animal Health Ltd.
- 14.9.Norbrook
- 14.10.Ceva
LIST NOT EXHAUSTIVE
15.Appendix
- 15.1.About Us and Services
- 15.2.Contact Us
