Animal Parasiticides Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Ectoparasiticides (Pour-ons and Spot-ons, Tablets and Sprays), Endectocides and Endoparasiticides (Oral Solids, Injectables and Feed Additives)), By Animal (Companion Animals (Dogs, Cats, Horses), Food-Producing Animals (Cattle, Sheep, Poultry, Pigs, Goats and Other)), By End User (Veterinary Hospitals and Clinics, Animal Farms, Home Care Settings), By Region and Competition, 2019-2029F
Global Animal Parasiticides Market was valued at USD 10.52 Billion in 2023 and is anticipated t%li%project steady growth in the forecast period with a CAGR of 4.25% through 2029. The global animal parasiticides market has witnessed significant growth over the past few years, driven by an increasing awareness of the importance of animal health and a growing global population. Parasitic infections pose a serious threat t%li%livestock, pets, and even wildlife, making parasiticides a crucial component of animal healthcare. Animal parasiticides are substances or drugs used t%li%control, prevent, and treat parasitic infections in animals. These infections can range from internal parasites like worms t%li%external parasites such as ticks, fleas, and mites. The market for animal parasiticides primarily serves livestock (cattle, poultry, swine, etc.), pets (dogs, cats), and horses. The need t%li%maintain the health and productivity of these animals has led t%li%the increasing use of parasiticides.
Zoonotic diseases are infections that can be transmitted from animals t%li%humans. The awareness of these diseases has grown significantly, leading t%li%a surge in demand for animal parasiticides. Preventing parasitic infections in animals becomes crucial t%li%protecting human health. As consumers and producers become more conscious of environmental and food safety concerns, the demand for sustainable and organic parasiticides has risen. These products offer an alternative t%li%chemical-based solutions and have garnered substantial attention in the market. Ongoing research and development in the industry have resulted in more effective and convenient formulations of parasiticides. Innovative delivery systems, such as spot-on treatments and oral medications, are increasingly preferred for ease of administration and improved efficacy. Stringent regulations regarding the use of animal parasiticides have pushed manufacturers t%li%develop safer and more environmentally friendly products. Compliance with these regulations has become a key factor influencing the market landscape.
Key Market Drivers
Rising Pet Ownership
The global animal parasiticides market is witnessing a significant surge in growth, and one of the key driving factors behind this expansion is the rising trend of pet ownership. As more people around the world bring furry, feathered, or scaly companions int%li%their homes, the need for effective protection against parasites becomes paramount. Over the past decade, there has been a substantial increase in the number of households adopting pets. The companionship and emotional support that animals provide are valued now more than ever, especially in a world that is often stressful and fast-paced. Dogs, cats, birds, and small mammals have become integral members of many families, and pet ownership is n%li%longer exclusive t%li%Western cultures but is increasingly popular in emerging economies.
As more families welcome pets int%li%their homes, the market for pet parasiticides is expanding. The demand for products that can keep these beloved companions healthy and parasite-free is on the rise. Pet owners today are more informed and concerned about their pets' health and well-being. They are increasingly seeking out preventive healthcare measures, including regular parasite control. This heightened awareness is driving demand for high-quality parasiticides. The animal health industry is continually innovating t%li%provide more effective, convenient, and safer parasiticides. New formulations, such as spot-on treatments, oral medications, and long-lasting collars, make it easier for pet owners t%li%protect their pets. Veterinarians play a vital role in educating pet owners about the importance of parasiticides and recommending the most appropriate products for their pets. This professional guidance drives sales and supports the industry's growth. The potential transmission of parasites from pets t%li%humans has raised concerns, particularly with zoonotic parasites like ticks and fleas. This has led t%li%a growing demand for effective parasiticides t%li%safeguard not only pets but als%li%their owners.
The increasing demand for animal parasiticides is beneficial for pet owners in several ways. Effective parasiticides protect pets from diseases and discomfort caused by parasites, leading t%li%happier, healthier animals. Knowing that their pets are well-protected against parasites gives pet owners peace of mind, allowing them t%li%enjoy a worry-free relationship with their furry friends. Preventive measures are often more cost-effective than treating parasitic infestations after they occur. Regular use of parasiticides can reduce the financial burden of veterinary bills. The health and well-being of pets are essential for the strong emotional bonds between pet owners and their animals. Effective parasiticides contribute t%li%a closer and more loving relationship.
Increasing Awareness of Zoonotic Diseases
The global animal parasiticides market has witnessed significant growth in recent years, and one of the key drivers behind this expansion is the increasing awareness of zoonotic diseases. Zoonotic diseases are infections that can be transmitted from animals t%li%humans, and they pose a significant public health threat. T%li%mitigate the risk of zoonotic diseases, there is a growing emphasis on controlling and preventing parasites in animals. This has led t%li%a surge in the demand for animal parasiticides, which play a crucial role in safeguarding both animal and human health.
Zoonotic diseases are a group of infectious diseases caused by pathogens such as bacteria, viruses, and parasites that can be transmitted between animals and humans. These diseases are responsible for a substantial burden on global public health systems and can have severe consequences, including epidemics and pandemics. Some well-known zoonotic diseases include rabies, Ebola, avian influenza, and most recently, COVID-19. The link between zoonotic diseases and parasites is significant. Many zoonotic diseases are transmitted through vectors, which are often parasites that infest animals. For instance, ticks and mosquitoes are known vectors for diseases such as Lyme disease and West Nile virus. Controlling the spread of these diseases in animals is a crucial step in preventing their transmission t%li%humans.
Animal parasiticides are a class of veterinary medicines and treatments that are designed t%li%control and prevent parasitic infestations in animals. These parasiticides include antiparasitic drugs, vaccines, and various pest control products. The most common types of parasites affecting animals include ticks, fleas, mites, lice, and intestinal worms. Parasitic infestations can lead t%li%various health issues in animals, ranging from discomfort t%li%severe diseases. By controlling parasites, animal parasiticides ensure the well-being of livestock and pets. Livestock such as cattle, poultry, and swine are a significant source of animal-based food products. Controlling parasites in these animals is vital t%li%maintain food safety and prevent the transmission of diseases t%li%humans through consumption. As mentioned earlier, zoonotic diseases can be transmitted through parasitic vectors. By controlling these vectors, animal parasiticides help reduce the risk of zoonotic diseases spreading t%li%humans. Parasitic infestations can have detrimental effects on animal productivity. By using parasiticides, farmers can improve livestock health and productivity, contributing t%li%sustainable agriculture.
The increasing awareness of zoonotic diseases and their connection t%li%parasitic infestations in animals has propelled the global animal parasiticides market t%li%new heights. As the world continues t%li%grapple with zoonotic disease outbreaks, the demand for these vital veterinary medicines and treatments is expected t%li%remain strong. The industry's growth not only serves t%li%protect animal health but als%li%t%li%safeguard human health, making it a critical component of public health strategies worldwide.
Key Market Challenges
Regulatory Hurdles
One of the most significant challenges for the animal parasiticides market is the complex and stringent regulatory environment governing these products. Governments worldwide have implemented strict regulations t%li%ensure the safety and efficacy of parasiticides. The approval process for new products or active ingredients can be time-consuming and expensive, leading t%li%delays in bringing innovative solutions t%li%the market. Manufacturers must invest heavily in research and development t%li%meet regulatory requirements and demonstrate the safety of their products. Resistance t%li%parasiticides is a growing concern in both livestock and companion animals. Over time, parasites can develop resistance t%li%commonly used parasiticides, rendering them less effective. This resistance can lead t%li%treatment failures and increased costs for farmers and pet owners. Developing new parasiticides or finding alternative approaches t%li%combat resistance is an ongoing challenge for the industry.
Consumer Awareness and Education
In the companion animal segment, consumer awareness and education about the importance of parasiticides are vital. Many pet owners may not fully understand the risks associated with parasitic infections and the need for regular preventive treatments. The industry must invest in educational campaigns t%li%ensure pet owners are well-informed about the benefits of parasiticide use. There is growing concern about the environmental impact of parasiticides, especially in the livestock sector. The runoff from pastures and farms can carry parasiticides int%li%waterways, potentially harming aquatic ecosystems. Balancing the need for effective parasiticides with environmental sustainability is a challenge for the industry. Developing more eco-friendly formulations and application methods is crucial in addressing this concern.
Key Market Trends
Technological Advancements
The global animal parasiticides market has been steadily growing over the years, and technological advancements have played a pivotal role in driving this expansion. The demand for efficient and safe solutions t%li%combat parasites in livestock and companion animals has led t%li%a surge in research and innovation in this sector. With the advent of cutting-edge technologies, the animal parasiticides market has witnessed a remarkable transformation, offering more effective, targeted, and sustainable solutions t%li%address the issue of parasitic infections. One of the most notable technological advancements in the animal parasiticides market is precision medication. This approach leverages genetic information t%li%create personalized treatments for animals based on their specific susceptibility t%li%parasites. By analyzing the genetic makeup of animals, veterinarians and researchers can identify their predisposition t%li%certain parasites and tailor treatment plans accordingly. This precision medication approach ensures that animals receive the right treatment at the right time, reducing the risk of overmedication and minimizing the development of drug resistance in parasites.
Technological innovations have als%li%led t%li%the development of innovative formulations for parasiticides. Traditional methods, such as oral medications and sprays, are now being complemented by novel drug delivery systems, such as long-lasting injectables and spot-on treatments. These advanced formulations enhance the convenience and effectiveness of parasiticides, making them easier t%li%administer and ensuring a longer duration of action. These advancements improve animal welfare and reduce the need for frequent treatments. The use of data analytics and digital technologies has revolutionized the way parasitic infections are managed. With the help of electronic health records and wearable devices, veterinarians can monitor animal health in real-time and identify parasitic infections at an early stage. This data-driven approach allows for more timely and targeted interventions, reducing the overall burden of parasites on animals and farms.
Environmental concerns have driven the development of eco-friendly parasiticides. With advances in research and development, scientists have created products that not only effectively combat parasites but are als%li%less harmful t%li%the environment. These environmentally friendly solutions aim t%li%reduce the ecological footprint of parasiticides while protecting animal health. The integration of telemedicine and remote consultations int%li%veterinary practice has significantly contributed t%li%the growth of the animal parasiticides market. Veterinarians can now offer guidance and recommendations for parasite control from a distance, allowing animal owners t%li%receive expert advice without the need for in-person visits. This convenience has increased the accessibility of parasiticide treatments for animal owners, leading t%li%a broader market reach. Genetic engineering technologies have opened new avenues in the development of parasiticides. By modifying the genetics of animals or parasites themselves, researchers can create animals with increased resistance t%li%certain parasites. Genetic engineering als%li%holds the potential for the development of genetically modified parasites that can be used as a biological control measure. This innovative approach may reduce the need for chemical parasiticides in the future.
Segmental Insights
Product Type Insights
Based on product type, ectoparasiticides emerged as the fastest growing segment in the global market for animal parasiticides in 2023. Ectoparasiticides are chemical compounds formulated t%li%target and eliminate ectoparasites that infest the external surfaces of animals. These parasites can have a devastating impact on the health and productivity of animals and are responsible for substantial economic losses in the agricultural and pet industries. Ectoparasiticides are increasingly being recognized as indispensable tools in managing these challenges. Growing awareness among pet owners, farmers, and veterinarians about the health risks posed by ectoparasites has fueled the demand for effective solutions. Ectoparasiticides are considered essential for ensuring the well-being of animals. The global pet population is expanding rapidly, particularly in urban areas. With more pets in households, the demand for ectoparasiticides t%li%protect companion animals from fleas and ticks has surged. In the agricultural sector, livestock infestations by ticks, mites, and flies can lead t%li%reduced meat and milk production, as well as the transmission of diseases. Ectoparasiticides are integral t%li%improving livestock health and productivity.
Animal Insights
Based on animal, companion animals segment is projected t%li%experience rapid growth in Global Animal Parasiticides Market during the forecast period. The bond between pet owners and their companion animals is stronger than ever, with many considering their pets as part of the family. There's a growing inclination among pet owners t%li%invest in their pets' well-being, including preventative measures and treatments for parasites. Given that certain animal parasites can transmit diseases t%li%humans (zoonoses), there's increased awareness regarding the importance of keeping pets free from parasites. It's not just a matter of kindness but als%li%a public health imperative t%li%prevent parasitic infestations in pets. With the expansion of urban areas leading t%li%pets spending more time indoors and in close proximity t%li%other animals, the risk of parasitic infestations rises. Pet owners are increasingly seeking effective parasiticides t%li%safeguard their pets. The animal health industry has been witnessing ongoing advancements in parasiticides, providing pet owners with safer and more efficient products. These innovations have bolstered consumer confidence in the use of such products.
Regional Insights
Based on region, North America emerged as the dominant region in the Global Animal Parasiticides Market in 2023, holding the largest market share in terms of value. North America boasts a high rate of pet ownership, with a considerable portion of the population considering pets as integral family members. This has led t%li%an increased demand for products t%li%protect companion animals, such as dogs and cats, from parasitic infections. Concerned pet owners regularly use parasiticides t%li%shield their furry friends from fleas, ticks, and other parasites. As a result, the pet parasiticides segment has experienced substantial growth, and North America is at the forefront of this trend. North America has stringent regulations and guidelines regarding animal health and welfare. Regulatory bodies such as the U.S. Food and Drug Administration (FDA) and the Canadian Food Inspection Agency (CFIA) ensure that animal parasiticides meet rigorous safety and efficacy standards. These regulations instill confidence in the quality and safety of parasiticide products, leading t%li%their increased usage in the region.
Key Market Players
In this report, the Global Animal Parasiticides Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Animal Parasiticides Market.
Available Customizations:
Global Animal Parasiticides Market report with the given market data, Tech Sci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:
Company Information
Zoonotic diseases are infections that can be transmitted from animals t%li%humans. The awareness of these diseases has grown significantly, leading t%li%a surge in demand for animal parasiticides. Preventing parasitic infections in animals becomes crucial t%li%protecting human health. As consumers and producers become more conscious of environmental and food safety concerns, the demand for sustainable and organic parasiticides has risen. These products offer an alternative t%li%chemical-based solutions and have garnered substantial attention in the market. Ongoing research and development in the industry have resulted in more effective and convenient formulations of parasiticides. Innovative delivery systems, such as spot-on treatments and oral medications, are increasingly preferred for ease of administration and improved efficacy. Stringent regulations regarding the use of animal parasiticides have pushed manufacturers t%li%develop safer and more environmentally friendly products. Compliance with these regulations has become a key factor influencing the market landscape.
Key Market Drivers
Rising Pet Ownership
The global animal parasiticides market is witnessing a significant surge in growth, and one of the key driving factors behind this expansion is the rising trend of pet ownership. As more people around the world bring furry, feathered, or scaly companions int%li%their homes, the need for effective protection against parasites becomes paramount. Over the past decade, there has been a substantial increase in the number of households adopting pets. The companionship and emotional support that animals provide are valued now more than ever, especially in a world that is often stressful and fast-paced. Dogs, cats, birds, and small mammals have become integral members of many families, and pet ownership is n%li%longer exclusive t%li%Western cultures but is increasingly popular in emerging economies.
As more families welcome pets int%li%their homes, the market for pet parasiticides is expanding. The demand for products that can keep these beloved companions healthy and parasite-free is on the rise. Pet owners today are more informed and concerned about their pets' health and well-being. They are increasingly seeking out preventive healthcare measures, including regular parasite control. This heightened awareness is driving demand for high-quality parasiticides. The animal health industry is continually innovating t%li%provide more effective, convenient, and safer parasiticides. New formulations, such as spot-on treatments, oral medications, and long-lasting collars, make it easier for pet owners t%li%protect their pets. Veterinarians play a vital role in educating pet owners about the importance of parasiticides and recommending the most appropriate products for their pets. This professional guidance drives sales and supports the industry's growth. The potential transmission of parasites from pets t%li%humans has raised concerns, particularly with zoonotic parasites like ticks and fleas. This has led t%li%a growing demand for effective parasiticides t%li%safeguard not only pets but als%li%their owners.
The increasing demand for animal parasiticides is beneficial for pet owners in several ways. Effective parasiticides protect pets from diseases and discomfort caused by parasites, leading t%li%happier, healthier animals. Knowing that their pets are well-protected against parasites gives pet owners peace of mind, allowing them t%li%enjoy a worry-free relationship with their furry friends. Preventive measures are often more cost-effective than treating parasitic infestations after they occur. Regular use of parasiticides can reduce the financial burden of veterinary bills. The health and well-being of pets are essential for the strong emotional bonds between pet owners and their animals. Effective parasiticides contribute t%li%a closer and more loving relationship.
Increasing Awareness of Zoonotic Diseases
The global animal parasiticides market has witnessed significant growth in recent years, and one of the key drivers behind this expansion is the increasing awareness of zoonotic diseases. Zoonotic diseases are infections that can be transmitted from animals t%li%humans, and they pose a significant public health threat. T%li%mitigate the risk of zoonotic diseases, there is a growing emphasis on controlling and preventing parasites in animals. This has led t%li%a surge in the demand for animal parasiticides, which play a crucial role in safeguarding both animal and human health.
Zoonotic diseases are a group of infectious diseases caused by pathogens such as bacteria, viruses, and parasites that can be transmitted between animals and humans. These diseases are responsible for a substantial burden on global public health systems and can have severe consequences, including epidemics and pandemics. Some well-known zoonotic diseases include rabies, Ebola, avian influenza, and most recently, COVID-19. The link between zoonotic diseases and parasites is significant. Many zoonotic diseases are transmitted through vectors, which are often parasites that infest animals. For instance, ticks and mosquitoes are known vectors for diseases such as Lyme disease and West Nile virus. Controlling the spread of these diseases in animals is a crucial step in preventing their transmission t%li%humans.
Animal parasiticides are a class of veterinary medicines and treatments that are designed t%li%control and prevent parasitic infestations in animals. These parasiticides include antiparasitic drugs, vaccines, and various pest control products. The most common types of parasites affecting animals include ticks, fleas, mites, lice, and intestinal worms. Parasitic infestations can lead t%li%various health issues in animals, ranging from discomfort t%li%severe diseases. By controlling parasites, animal parasiticides ensure the well-being of livestock and pets. Livestock such as cattle, poultry, and swine are a significant source of animal-based food products. Controlling parasites in these animals is vital t%li%maintain food safety and prevent the transmission of diseases t%li%humans through consumption. As mentioned earlier, zoonotic diseases can be transmitted through parasitic vectors. By controlling these vectors, animal parasiticides help reduce the risk of zoonotic diseases spreading t%li%humans. Parasitic infestations can have detrimental effects on animal productivity. By using parasiticides, farmers can improve livestock health and productivity, contributing t%li%sustainable agriculture.
The increasing awareness of zoonotic diseases and their connection t%li%parasitic infestations in animals has propelled the global animal parasiticides market t%li%new heights. As the world continues t%li%grapple with zoonotic disease outbreaks, the demand for these vital veterinary medicines and treatments is expected t%li%remain strong. The industry's growth not only serves t%li%protect animal health but als%li%t%li%safeguard human health, making it a critical component of public health strategies worldwide.
Key Market Challenges
Regulatory Hurdles
One of the most significant challenges for the animal parasiticides market is the complex and stringent regulatory environment governing these products. Governments worldwide have implemented strict regulations t%li%ensure the safety and efficacy of parasiticides. The approval process for new products or active ingredients can be time-consuming and expensive, leading t%li%delays in bringing innovative solutions t%li%the market. Manufacturers must invest heavily in research and development t%li%meet regulatory requirements and demonstrate the safety of their products. Resistance t%li%parasiticides is a growing concern in both livestock and companion animals. Over time, parasites can develop resistance t%li%commonly used parasiticides, rendering them less effective. This resistance can lead t%li%treatment failures and increased costs for farmers and pet owners. Developing new parasiticides or finding alternative approaches t%li%combat resistance is an ongoing challenge for the industry.
Consumer Awareness and Education
In the companion animal segment, consumer awareness and education about the importance of parasiticides are vital. Many pet owners may not fully understand the risks associated with parasitic infections and the need for regular preventive treatments. The industry must invest in educational campaigns t%li%ensure pet owners are well-informed about the benefits of parasiticide use. There is growing concern about the environmental impact of parasiticides, especially in the livestock sector. The runoff from pastures and farms can carry parasiticides int%li%waterways, potentially harming aquatic ecosystems. Balancing the need for effective parasiticides with environmental sustainability is a challenge for the industry. Developing more eco-friendly formulations and application methods is crucial in addressing this concern.
Key Market Trends
Technological Advancements
The global animal parasiticides market has been steadily growing over the years, and technological advancements have played a pivotal role in driving this expansion. The demand for efficient and safe solutions t%li%combat parasites in livestock and companion animals has led t%li%a surge in research and innovation in this sector. With the advent of cutting-edge technologies, the animal parasiticides market has witnessed a remarkable transformation, offering more effective, targeted, and sustainable solutions t%li%address the issue of parasitic infections. One of the most notable technological advancements in the animal parasiticides market is precision medication. This approach leverages genetic information t%li%create personalized treatments for animals based on their specific susceptibility t%li%parasites. By analyzing the genetic makeup of animals, veterinarians and researchers can identify their predisposition t%li%certain parasites and tailor treatment plans accordingly. This precision medication approach ensures that animals receive the right treatment at the right time, reducing the risk of overmedication and minimizing the development of drug resistance in parasites.
Technological innovations have als%li%led t%li%the development of innovative formulations for parasiticides. Traditional methods, such as oral medications and sprays, are now being complemented by novel drug delivery systems, such as long-lasting injectables and spot-on treatments. These advanced formulations enhance the convenience and effectiveness of parasiticides, making them easier t%li%administer and ensuring a longer duration of action. These advancements improve animal welfare and reduce the need for frequent treatments. The use of data analytics and digital technologies has revolutionized the way parasitic infections are managed. With the help of electronic health records and wearable devices, veterinarians can monitor animal health in real-time and identify parasitic infections at an early stage. This data-driven approach allows for more timely and targeted interventions, reducing the overall burden of parasites on animals and farms.
Environmental concerns have driven the development of eco-friendly parasiticides. With advances in research and development, scientists have created products that not only effectively combat parasites but are als%li%less harmful t%li%the environment. These environmentally friendly solutions aim t%li%reduce the ecological footprint of parasiticides while protecting animal health. The integration of telemedicine and remote consultations int%li%veterinary practice has significantly contributed t%li%the growth of the animal parasiticides market. Veterinarians can now offer guidance and recommendations for parasite control from a distance, allowing animal owners t%li%receive expert advice without the need for in-person visits. This convenience has increased the accessibility of parasiticide treatments for animal owners, leading t%li%a broader market reach. Genetic engineering technologies have opened new avenues in the development of parasiticides. By modifying the genetics of animals or parasites themselves, researchers can create animals with increased resistance t%li%certain parasites. Genetic engineering als%li%holds the potential for the development of genetically modified parasites that can be used as a biological control measure. This innovative approach may reduce the need for chemical parasiticides in the future.
Segmental Insights
Product Type Insights
Based on product type, ectoparasiticides emerged as the fastest growing segment in the global market for animal parasiticides in 2023. Ectoparasiticides are chemical compounds formulated t%li%target and eliminate ectoparasites that infest the external surfaces of animals. These parasites can have a devastating impact on the health and productivity of animals and are responsible for substantial economic losses in the agricultural and pet industries. Ectoparasiticides are increasingly being recognized as indispensable tools in managing these challenges. Growing awareness among pet owners, farmers, and veterinarians about the health risks posed by ectoparasites has fueled the demand for effective solutions. Ectoparasiticides are considered essential for ensuring the well-being of animals. The global pet population is expanding rapidly, particularly in urban areas. With more pets in households, the demand for ectoparasiticides t%li%protect companion animals from fleas and ticks has surged. In the agricultural sector, livestock infestations by ticks, mites, and flies can lead t%li%reduced meat and milk production, as well as the transmission of diseases. Ectoparasiticides are integral t%li%improving livestock health and productivity.
Animal Insights
Based on animal, companion animals segment is projected t%li%experience rapid growth in Global Animal Parasiticides Market during the forecast period. The bond between pet owners and their companion animals is stronger than ever, with many considering their pets as part of the family. There's a growing inclination among pet owners t%li%invest in their pets' well-being, including preventative measures and treatments for parasites. Given that certain animal parasites can transmit diseases t%li%humans (zoonoses), there's increased awareness regarding the importance of keeping pets free from parasites. It's not just a matter of kindness but als%li%a public health imperative t%li%prevent parasitic infestations in pets. With the expansion of urban areas leading t%li%pets spending more time indoors and in close proximity t%li%other animals, the risk of parasitic infestations rises. Pet owners are increasingly seeking effective parasiticides t%li%safeguard their pets. The animal health industry has been witnessing ongoing advancements in parasiticides, providing pet owners with safer and more efficient products. These innovations have bolstered consumer confidence in the use of such products.
Regional Insights
Based on region, North America emerged as the dominant region in the Global Animal Parasiticides Market in 2023, holding the largest market share in terms of value. North America boasts a high rate of pet ownership, with a considerable portion of the population considering pets as integral family members. This has led t%li%an increased demand for products t%li%protect companion animals, such as dogs and cats, from parasitic infections. Concerned pet owners regularly use parasiticides t%li%shield their furry friends from fleas, ticks, and other parasites. As a result, the pet parasiticides segment has experienced substantial growth, and North America is at the forefront of this trend. North America has stringent regulations and guidelines regarding animal health and welfare. Regulatory bodies such as the U.S. Food and Drug Administration (FDA) and the Canadian Food Inspection Agency (CFIA) ensure that animal parasiticides meet rigorous safety and efficacy standards. These regulations instill confidence in the quality and safety of parasiticide products, leading t%li%their increased usage in the region.
Key Market Players
- Eli Lilly and Company
- Merck and Co., Inc.
- Bayer AG
- Virbac Taiwan Co. Ltd.
- Vetoquinol S.A.
- Oceanic Pharmachem Pvt. Ltd.
- Boehringer Ingelheim International GmbH
- Intas Pharmaceuticals Ltd.
- Erbe Elektromedizin GmbH
- Conmed Corporation
- Ammega Group BV
- KLS Martin LP
In this report, the Global Animal Parasiticides Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
- Animal Parasiticides Market, By Product Type:
- Ectoparasiticides
- Endectocides
- Endoparasiticides
- Animal Parasiticides Market, By Animal:
- Companion animals
- Food-producing animals
- Animal Parasiticides Market, By End user:
- Veterinary hospitals and Clinics
- Animal farms
- Home care settings
- Animal Parasiticides Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Company Profiles: Detailed analysis of the major companies present in the Global Animal Parasiticides Market.
Available Customizations:
Global Animal Parasiticides Market report with the given market data, Tech Sci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up t%li%five).
1. PRODUCT OVERVIEW
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. GLOBAL ANIMAL PARASITICIDES MARKET OUTLOOK
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Product Type (ectoparasiticides (pour-ons and spot-ons, tablets and sprays), endectocides and endoparasiticides(oral solids, injectables and feed additives))
4.2.2. By Animal (companion animals(dogs, cats, horses), food-producing animals(cattle, sheep, poultry, pigs, goats and other))
4.2.3. By End user (veterinary hospitals and clinics, animal farms, home care settings)
4.2.4. By Region
4.2.5. By Company (2023)
4.3. Market Map
4.3.1. By Product Type
4.3.2. By Animal
4.3.3. By End user
4.3.4. By Region
5. ASIA PACIFIC ANIMAL PARASITICIDES MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product Type
5.2.2. By Animal
5.2.3. By End user
5.2.4. By Country
5.3. Asia Pacific: Country Analysis
5.3.1. China Animal Parasiticides Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Product Type
5.3.1.2.2. By Animal
5.3.1.2.3. By End user
5.3.2. India Animal Parasiticides Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Product Type
5.3.2.2.2. By Animal
5.3.2.2.3. By End user
5.3.3. Australia Animal Parasiticides Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Value
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Product Type
5.3.3.2.2. By Animal
5.3.3.2.3. By End user
5.3.4. Japan Animal Parasiticides Market Outlook
5.3.4.1. Market Size & Forecast
5.3.4.1.1. By Value
5.3.4.2. Market Share & Forecast
5.3.4.2.1. By Product Type
5.3.4.2.2. By Animal
5.3.4.2.3. By End user
5.3.5. South Korea Animal Parasiticides Market Outlook
5.3.5.1. Market Size & Forecast
5.3.5.1.1. By Value
5.3.5.2. Market Share & Forecast
5.3.5.2.1. By Product Type
5.3.5.2.2. By Animal
5.3.5.2.3. By End user
6. EUROPE ANIMAL PARASITICIDES MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.2. By Animal
6.2.3. By End user
6.2.4. By Country
6.3. Europe: Country Analysis
6.3.1. France Animal Parasiticides Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Product Type
6.3.1.2.2. By Animal
6.3.1.2.3. By End user
6.3.2. Germany Animal Parasiticides Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Product Type
6.3.2.2.2. By Animal
6.3.2.2.3. By End user
6.3.3. Spain Animal Parasiticides Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Product Type
6.3.3.2.2. By Animal
6.3.3.2.3. By End user
6.3.4. Italy Animal Parasiticides Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Product Type
6.3.4.2.2. By Animal
6.3.4.2.3. By End user
6.3.5. United Kingdom Animal Parasiticides Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Product Type
6.3.5.2.2. By Animal
6.3.5.2.3. By End user
7. NORTH AMERICA ANIMAL PARASITICIDES MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Animal
7.2.3. By End user
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States Animal Parasiticides Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product Type
7.3.1.2.2. By Animal
7.3.1.2.3. By End user
7.3.2. Mexico Animal Parasiticides Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product Type
7.3.2.2.2. By Animal
7.3.2.2.3. By End user
7.3.3. Canada Animal Parasiticides Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product Type
7.3.3.2.2. By Animal
7.3.3.2.3. By End user
8. SOUTH AMERICA ANIMAL PARASITICIDES MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Animal
8.2.3. By End user
8.2.4. By Country
8.3. South America: Country Analysis
8.3.1. Brazil Animal Parasiticides Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product Type
8.3.1.2.2. By Animal
8.3.1.2.3. By End user
8.3.2. Argentina Animal Parasiticides Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product Type
8.3.2.2.2. By Animal
8.3.2.2.3. By End user
8.3.3. Colombia Animal Parasiticides Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product Type
8.3.3.2.2. By Animal
8.3.3.2.3. By End user
9. MIDDLE EAST AND AFRICA ANIMAL PARASITICIDES MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Animal
9.2.3. By End user
9.2.4. By Country
9.3. MEA: Country Analysis
9.3.1. South Africa Animal Parasiticides Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product Type
9.3.1.2.2. By Animal
9.3.1.2.3. By End user
9.3.2. Saudi Arabia Animal Parasiticides Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product Type
9.3.2.2.2. By Animal
9.3.2.2.3. By End user
9.3.3. UAE Animal Parasiticides Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product Type
9.3.3.2.2. By Animal
9.3.3.2.3. By End user
10. MARKET DYNAMICS
10.1. Drivers
10.2. Challenges
11. MARKET TRENDS & DEVELOPMENTS
11.1. Recent Developments
11.2. Product Launches
11.3. Mergers & Acquisitions
12. GLOBAL ANIMAL PARASITICIDES MARKET: SWOT ANALYSIS
13. PORTER’S FIVE FORCES ANALYSIS
13.1. Competition in the Industry
13.2. Potential of New Entrants
13.3. Power of Suppliers
13.4. Power of Customers
13.5. Threat of Substitute Product
14. COMPETITIVE LANDSCAPE
14.1. Eli Lilly and Company
14.1.1. Business Overview
14.1.2. Company Snapshot
14.1.3. Product & Services
14.1.4. Financials (In case of listed)
14.1.5. Recent Developments
14.1.6. SWOT Analysis
14.2. Merck and Co., Inc.
14.3. Bayer AG
14.4. Virbac Taiwan Co. Ltd.
14.5. Vetoquinol S.A.
14.6. Oceanic Pharmachem Pvt. Ltd.
14.7. Boehringer Ingelheim International GmbH
14.8. Intas Pharmaceuticals Ltd.
14.9. Erbe Elektromedizin GmbH
14.10.Conmed Corporation
14.11.Ammega Group BV
14.12.KLS Martin LP
15. STRATEGIC RECOMMENDATIONS
16. ABOUT US & DISCLAIMER
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. GLOBAL ANIMAL PARASITICIDES MARKET OUTLOOK
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Product Type (ectoparasiticides (pour-ons and spot-ons, tablets and sprays), endectocides and endoparasiticides(oral solids, injectables and feed additives))
4.2.2. By Animal (companion animals(dogs, cats, horses), food-producing animals(cattle, sheep, poultry, pigs, goats and other))
4.2.3. By End user (veterinary hospitals and clinics, animal farms, home care settings)
4.2.4. By Region
4.2.5. By Company (2023)
4.3. Market Map
4.3.1. By Product Type
4.3.2. By Animal
4.3.3. By End user
4.3.4. By Region
5. ASIA PACIFIC ANIMAL PARASITICIDES MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product Type
5.2.2. By Animal
5.2.3. By End user
5.2.4. By Country
5.3. Asia Pacific: Country Analysis
5.3.1. China Animal Parasiticides Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Product Type
5.3.1.2.2. By Animal
5.3.1.2.3. By End user
5.3.2. India Animal Parasiticides Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Product Type
5.3.2.2.2. By Animal
5.3.2.2.3. By End user
5.3.3. Australia Animal Parasiticides Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Value
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Product Type
5.3.3.2.2. By Animal
5.3.3.2.3. By End user
5.3.4. Japan Animal Parasiticides Market Outlook
5.3.4.1. Market Size & Forecast
5.3.4.1.1. By Value
5.3.4.2. Market Share & Forecast
5.3.4.2.1. By Product Type
5.3.4.2.2. By Animal
5.3.4.2.3. By End user
5.3.5. South Korea Animal Parasiticides Market Outlook
5.3.5.1. Market Size & Forecast
5.3.5.1.1. By Value
5.3.5.2. Market Share & Forecast
5.3.5.2.1. By Product Type
5.3.5.2.2. By Animal
5.3.5.2.3. By End user
6. EUROPE ANIMAL PARASITICIDES MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.2. By Animal
6.2.3. By End user
6.2.4. By Country
6.3. Europe: Country Analysis
6.3.1. France Animal Parasiticides Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Product Type
6.3.1.2.2. By Animal
6.3.1.2.3. By End user
6.3.2. Germany Animal Parasiticides Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Product Type
6.3.2.2.2. By Animal
6.3.2.2.3. By End user
6.3.3. Spain Animal Parasiticides Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Product Type
6.3.3.2.2. By Animal
6.3.3.2.3. By End user
6.3.4. Italy Animal Parasiticides Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Product Type
6.3.4.2.2. By Animal
6.3.4.2.3. By End user
6.3.5. United Kingdom Animal Parasiticides Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Product Type
6.3.5.2.2. By Animal
6.3.5.2.3. By End user
7. NORTH AMERICA ANIMAL PARASITICIDES MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Animal
7.2.3. By End user
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States Animal Parasiticides Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product Type
7.3.1.2.2. By Animal
7.3.1.2.3. By End user
7.3.2. Mexico Animal Parasiticides Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product Type
7.3.2.2.2. By Animal
7.3.2.2.3. By End user
7.3.3. Canada Animal Parasiticides Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product Type
7.3.3.2.2. By Animal
7.3.3.2.3. By End user
8. SOUTH AMERICA ANIMAL PARASITICIDES MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Animal
8.2.3. By End user
8.2.4. By Country
8.3. South America: Country Analysis
8.3.1. Brazil Animal Parasiticides Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product Type
8.3.1.2.2. By Animal
8.3.1.2.3. By End user
8.3.2. Argentina Animal Parasiticides Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product Type
8.3.2.2.2. By Animal
8.3.2.2.3. By End user
8.3.3. Colombia Animal Parasiticides Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product Type
8.3.3.2.2. By Animal
8.3.3.2.3. By End user
9. MIDDLE EAST AND AFRICA ANIMAL PARASITICIDES MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Animal
9.2.3. By End user
9.2.4. By Country
9.3. MEA: Country Analysis
9.3.1. South Africa Animal Parasiticides Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product Type
9.3.1.2.2. By Animal
9.3.1.2.3. By End user
9.3.2. Saudi Arabia Animal Parasiticides Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product Type
9.3.2.2.2. By Animal
9.3.2.2.3. By End user
9.3.3. UAE Animal Parasiticides Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product Type
9.3.3.2.2. By Animal
9.3.3.2.3. By End user
10. MARKET DYNAMICS
10.1. Drivers
10.2. Challenges
11. MARKET TRENDS & DEVELOPMENTS
11.1. Recent Developments
11.2. Product Launches
11.3. Mergers & Acquisitions
12. GLOBAL ANIMAL PARASITICIDES MARKET: SWOT ANALYSIS
13. PORTER’S FIVE FORCES ANALYSIS
13.1. Competition in the Industry
13.2. Potential of New Entrants
13.3. Power of Suppliers
13.4. Power of Customers
13.5. Threat of Substitute Product
14. COMPETITIVE LANDSCAPE
14.1. Eli Lilly and Company
14.1.1. Business Overview
14.1.2. Company Snapshot
14.1.3. Product & Services
14.1.4. Financials (In case of listed)
14.1.5. Recent Developments
14.1.6. SWOT Analysis
14.2. Merck and Co., Inc.
14.3. Bayer AG
14.4. Virbac Taiwan Co. Ltd.
14.5. Vetoquinol S.A.
14.6. Oceanic Pharmachem Pvt. Ltd.
14.7. Boehringer Ingelheim International GmbH
14.8. Intas Pharmaceuticals Ltd.
14.9. Erbe Elektromedizin GmbH
14.10.Conmed Corporation
14.11.Ammega Group BV
14.12.KLS Martin LP
15. STRATEGIC RECOMMENDATIONS
16. ABOUT US & DISCLAIMER
