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PUBLISHER: SkyQuest | PRODUCT CODE: 1461472

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PUBLISHER: SkyQuest | PRODUCT CODE: 1461472

Global Animal Parasiticides Market Size, Share, Growth Analysis, By Product Type, By Application, By End-user, By Animal Type, By Parasite Type - Industry Forecast 2024-2031

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Global Animal Parasiticides Market size was valued at USD 11.2 billion in 2022 and is poised to grow from USD 11.97 billion in 2023 to USD 20.42 billion by 2031, growing at a CAGR of 6.9% in the forecast period (2024-2031).

The global animal parasiticides market is witnessing significant growth driven by several factors, including the increasing prevalence of parasitic infections in animals, rising awareness concerning animal health, and a growing demand for animal-derived products. Animal parasiticides, which encompass veterinary pharmaceuticals or pesticides utilized to control and manage parasitic infections in animals, are pivotal in addressing these challenges. This market analysis aims to shed light on the primary drivers propelling the global animal parasiticides market. A key factor contributing to its growth is the escalating incidence of parasitic infections among animals, posing risks such as reduced productivity, weight loss, skin infections, anemia, and mortality. Heightened awareness about these infections and their potential repercussions on animal health has fueled a surge in demand for effective parasiticides. Moreover, the mounting concern regarding zoonotic diseases, transmissible from animals to humans through parasites, has underscored the necessity for robust animal parasiticides to curb disease spread. Notably, the market is buoyed by the escalating demand for animal-derived products like meat, milk, and eggs, as parasitic infections can compromise their quality and quantity. Consequently, farmers and livestock owners are increasingly embracing parasiticides to safeguard the health and productivity of their animals, thereby meeting the burgeoning demand for animal-based goods. Furthermore, the market is witnessing strides in product development and innovation, further augmenting its growth trajectory.

Top-down and bottom-up approaches were used to estimate and validate the size of the global animal parasiticides market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Animal Parasiticides Market Segmental Analysis

The Global Animal Parasiticides Market is segmented on the basis of type, application, end-user, animal type, parasite type, and region. Based on type, the market can be segmented into ectoparasiticides and endoparasiticides. Based on application, the market is segmented into Flea and Tick Control, Worm Control, Mange Control, Lice Control, Protozoa Control, and Others. By End-user, it can be segmented into Veterinary Hospitals and Clinics, Farms and Homecare. By animal type it is segmented into Companion Animals and Livestock Animals, and by Parasite type it can be segmented into Internal Parasites and External Parasites. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Animal Parasiticides Market

The rising prevalence of parasitic infections in both livestock and pets is significantly fueling the animal parasiticides market, with these infections leading to various health issues that can adversely affect the well-being and productivity of animals. As a result, there is a growing need for effective parasiticide solutions to combat and manage these infections, thereby propelling market expansion.

Restraints in the Global Animal Parasiticides Market

Some animal owners and producers may choose alternative treatment methods, like herbal or homeopathic remedies, over chemical parasiticides, showcasing a preference for non-chemical solutions in combating parasitic infections.

Market Trends of the Global Animal Parasiticides Market

A prevailing trend in the global animal parasiticides market is the increasing focus on preventive healthcare strategies, spurred by a rising awareness among both pet owners and livestock farmers about the importance of proactive animal health management. Rather than reactive approaches to parasitic infections, there's a notable shift towards preventive measures involving regular employment of parasiticides. This shift stems from the desire to bolster animal welfare, curtail treatment expenses, and diminish the incidence of zoonotic ailments. Pet owners are actively seeking veterinary advice on preemptive parasiticide regimens for their pets, recognizing the efficacy of scheduled administration in repelling fleas, ticks, heartworms, and other parasites to ensure their pets' overall well-being and comfort.

Product Code: SQMIG15C2047

Table of Contents

Executive Summary

  • Market Overview
  • Wheel of Fortune

Research Methodology

  • Information Procurement
  • Secondary & Primary Data Sources
  • Market Size Estimation
  • Market Assumptions & Limitations

Parent Market Analysis

  • Market Overview
  • Market Size
  • Market Dynamics
    • Drivers
    • Opportunities
    • Restraints
    • Challenges

Key Market Insights

  • Technology Analysis
  • Pricing Analysis
  • Supply Chain Analysis
  • Value Chain Analysis
  • Ecosystem of the Market
  • IP Analysis
  • Trade Analysis
  • Startup Analysis
  • Raw Material Analysis
  • Innovation Matrix
  • Pipeline Product Analysis
  • Macroeconomic Indicators
  • Top Investment Analysis
  • Key Success Factor
  • Degree of Competition

Market Dynamics & Outlook

  • Market Dynamics
    • Drivers
    • Opportunities
    • Restraints
    • Challenges
  • Regulatory Landscape
  • Porters Analysis
    • Competitive rivalry
    • Threat of Substitute Products
    • Bargaining Power of Buyers
    • Threat of New Entrants
    • Bargaining Power of Suppliers
  • Skyquest Special Insights on Future Disruptions
    • Political Impact
    • Economic Impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Global Animal Parasiticides Market by Product Type

  • Market Overview
  • Ectoparasiticides and Endoparasiticides

Global Animal Parasiticides Market by Application

  • Market Overview
  • Flea and Tick Control
  • Worm Control
  • Mange Control
  • Lice Control
  • Protozoa Control and Others.

Global Animal Parasiticides Market by End-user

  • Market Overview
  • Veterinary Hospitals and Clinics
  • Farms and Homecare.

Global Animal Parasiticides Market by Animal Type

  • Market Overview
  • Companion Animals and Livestock Animals.

Global Animal Parasiticides Market by Parasite Type

  • Market Overview
  • External Parasites and Internal Parasites.

Global Animal Parasiticides Market Size by Region

  • Market Overview
  • North America
    • USA
    • Canada
  • Europe
    • Germany
    • Spain
    • France
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2021
  • Strategies Adopted by Key Market Players
  • Top Winning Strategies
    • By Development
    • By Company
    • By Year
  • Recent Activities in the Market
  • Key Companies Market Share (%), 2021

Key Company Profiles

  • Zoetis Inc. (US)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Merck & Co., Inc. (US)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Elanco Animal Health Incorporated (US)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Boehringer Ingelheim Animal Health GmbH (Germany)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Bayer AG (Germany)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Virbac (France)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Ceva SantA(C) Animale (France)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Vetoquinol S.A. (France)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Dechra Pharmaceuticals PLC (United Kingdom)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Merial (Sanofi) (France)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Chanelle Pharmaceuticals Manufacturing Ltd. (Ireland)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Norbrook Laboratories Ltd. (United Kingdom)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Kyoritsu Seiyaku Corporation (Japan)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Huvepharma (Bulgaria)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Indian Immunologicals Limited (India)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Neogen Corporation (US)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • ECO Animal Health Group plc (United Kingdom)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Jurox Pty Ltd. (Australia)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Bio-Vet Inc. (US)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Aratana Therapeutics, Inc. (US)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
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Christine Sirois

Manager - Americas

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