USD 11.2 billion
Animal Parasiticides Market Size, Share, Growth Analysis, By Product Type(Ectoparasiticides and Endoparasiticides), By Application(Flea and Tick Control, Worm Control, Mange Control, Lice Control), By End-user(Veterinary Hospitals and Clinics, Farms and Homecare.), By Animal Type(Companion Animals and Livestock Animals.), By Parasite Type(External Parasites and Internal Parasites.), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15C2047 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
139
|Figures:
78
Animal Parasiticides Market Insights
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 experiencing significant growth due to various factors such as the increasing prevalence of parasitic infections in animals, rising awareness about animal health, and the growing demand for animal-derived products. Animal parasiticides are veterinary pharmaceuticals or pesticides that are used to control and treat parasitic infections in animals. This market analysis will provide insights into the key factors driving the global animal parasiticides market. One of the primary drivers of the global animal parasiticides market is the rising incidence of parasitic infections in animals. Parasites such as fleas, ticks, mites, and worms can cause significant health issues in animals, leading to reduced productivity, weight loss, skin infections, anemia, and even death.
The increasing awareness about these parasitic infections and their potential impact on animal health has led to a higher demand for effective parasiticides to control and treat these infestations. Furthermore, the growing concern for zoonotic diseases, which are infections that can be transmitted from animals to humans, has increased the need for effective animal parasiticides. Zoonotic diseases such as Lyme disease, rabies, and toxoplasmosis can be transmitted to humans through parasites present in animals. To prevent the spread of these diseases, the use of parasiticides in animals has become crucial.
Additionally, the rising demand for animal-derived products, such as meat,milk, and eggs, has driven the market for animal parasiticides. Parasitic infections can have a detrimental effect on the quality and quantity of animal-derived products. Farmers and livestock owners are increasingly adopting parasiticides to ensure the health and productivity of their animals, thereby meeting the growing demand for animal-based products. The market for animal parasiticides is also witnessing advancements in product development and innovation.
US Animal Parasiticides Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Endoparasiticides
Fastest Growth
Endoparasiticides
Growth Rate
6.9% CAGR
Global Animals Parasiticides Market ($ Bn)
Country Share for North America Region (%)
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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.
Analysis by Type
Among Ectoparasiticides and Endoparasiticides, the dominant type in the global animal parasiticides market is Endoparasiticides. Endoparasiticides are medications or treatments used to combat internal parasites, such as worms and gastrointestinal parasites, in animals. These parasites can have detrimental effects on the health and well-being of animals, and endoparasiticides play a crucial role in their control and prevention.
On the other hand, while it's important to note that the growth rates of specific segments can vary over time, historically, the fastest-growing type in the global animal parasiticides market has been Ectoparasiticides. Ectoparasiticides are substances or treatments designed to target and eliminate external parasites, including ticks, fleas, mites, and lice, which infest the skin and coat of animals. The demand for ectoparasiticides has been increasing due to the rising awareness about the health risks associated with ectoparasites and the need to protect animals from infestations.
Analysis by Application
Among the various applications in the global animal parasiticides market, the dominant type is Flea and Tick Control. Fleas and ticks are common parasites that affect animals, including pets and livestock, causing discomfort and transmitting diseases. The need for effective control and prevention of flea and tick infestations has led to the dominance of this segment in the animal parasiticides market. Flea and tick control products include topical treatments, collars, oral medications, and sprays, providing a range of options for pet owners and livestock managers.
On the other hand, the fastest-growing type in the global animal parasiticides market is Worm Control. Worm infestations, caused by gastrointestinal worms and other internal parasites, can significantly impact the health and productivity of animals. The awareness about the detrimental effects of worm infections and the increasing emphasis on animal health management have driven the demand for effective worm control solutions. Anthelmintics, which are medications specifically designed to treat worm infestations, are widely used to control worms in pets, livestock, and other animals.
Global Animals Parasiticides Market By Type
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Animal Parasiticides Market Regional Insights
The dominant region in the global animal parasiticides market is North America. This region holds a substantial market share due to the presence of a well-developed veterinary healthcare infrastructure, advanced research and development facilities, and a high level of awareness about animal health. Additionally, strict regulations and guidelines regarding animal health and the prevention of parasitic infections contribute to the dominance of North America in the global market. The United States, in particular, is a major contributor to the growth of the animal parasiticides market in North America.
On the other hand, the fastest growing region in the global animal parasiticides market is the Asia Pacific. The Asia Pacific region is experiencing rapid growth due to several factors. Firstly, there is a significant rise in pet ownership and an increasing focus on animal welfare in countries like China, India, and Japan. This has led to a greater demand for animal healthcare products, including parasiticides. Secondly, the expansion of livestock production and the growing need for livestock health management are driving the demand for animal parasiticides in the region. Additionally, favorable government initiatives, increasing disposable income, and urbanization are factors contributing to the growth of the animal parasiticides market in the Asia Pacific.
Global Animals Parasiticides Market By Geography
- Largest
- Fastest
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Animal Parasiticides Market Dynamics
Drivers
Increasing Prevalence of Animal Parasitic Infections
- The growing occurrence of parasitic infections in animals, encompassing livestock and pets, serves as a substantial catalyst for the animal parasiticides market. Such infections can give rise to diverse health complications, impacting the overall welfare and productivity of animals. Consequently, there is an increasing demand for efficacious parasiticide products to prevent and treat these infections, driving the growth of the market.
Restraints
Alternative Treatment Methods
- Certain animal owners and producers may opt for alternative treatment methods, such as herbal or homeopathic remedies, instead of relying solely on chemical parasiticides. This inclination towards natural or alternative approaches represents a preference for non-chemical options in managing parasitic infections.
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Animal Parasiticides Market Competitive Landscape
The global animal parasiticides market is characterized by a competitive landscape with numerous players operating in the industry. These companies are engaged in the development, manufacturing, and distribution of parasiticides for animals. The market is driven by the increasing prevalence of parasitic infections in livestock and companion animals, coupled with the growing awareness about the importance of animal health. Companies in the animal parasiticides market also place emphasis on research and development activities to introduce innovative products. This involves investing in the discovery of new active ingredients, formulations with improved delivery systems, and the development of combination products for broad-spectrum protection against multiple parasites. Additionally, manufacturers prioritize regulatory compliance to meet the stringent guidelines and safety standards set by regulatory authorities. Another aspect of the competitive landscape is the geographical presence and distribution networks of these companies.
Top Player’s Company Profiles
- Zoetis Inc. (US)
- Merck & Co., Inc. (US)
- Elanco Animal Health Incorporated (US)
- Boehringer Ingelheim Animal Health GmbH (Germany)
- Bayer AG (Germany)
- Virbac (France)
- Ceva Santé Animale (France)
- Vetoquinol S.A. (France)
- Dechra Pharmaceuticals PLC (United Kingdom)
- Merial (Sanofi) (France)
- Chanelle Pharmaceuticals Manufacturing Ltd. (Ireland)
- Norbrook Laboratories Ltd. (United Kingdom)
- Kyoritsu Seiyaku Corporation (Japan)
- Huvepharma (Bulgaria)
- Indian Immunologicals Limited (India)
- Neogen Corporation (US)
- ECO Animal Health Group plc (United Kingdom)
- Jurox Pty Ltd. (Australia)
- Bio-Vet Inc. (US)
- Aratana Therapeutics, Inc. (US)
Recent Developments
- In December 2023, Boehringer Ingelheim launched an online educational hub to help practices use a risk-based approach to responsible parasiticide prescribing in their practice. It is the forefront of supporting vets, pet owners and the wider industry in driving best-practice risk assessment and responsible parasite control.
- In September 2022, the British Veterinary Association (BVA), the British Small Animal Veterinary Association (BSAVA), and the British Veterinary Zoological Society (BVZS) collaborated to develop a comprehensive five-point plan aimed at promoting responsible use of parasiticide products in dogs and cats by veterinary professionals.
- In April 2022, Vetoquinol,, announced the availability of Felpreva, a groundbreaking feline parasite protection innovation, which has received marketing authorization from the Veterinary Medicines Directorate (VMD) in November 2021. Veterinarians in the United Kingdom can now prescribe this product to safeguard cats against parasitic infestations.
Animal Parasiticides Key Market Trends
Rise in Pet Health Awareness among Pet Owners
- One prevailing market trend in the global animal parasiticides market is the increasing emphasis on preventive healthcare measures. There is a growing awareness among pet owners and livestock farmers regarding the significance of proactive healthcare for animals, which includes the regular use of parasiticides. Rather than waiting for parasitic infections to occur, there is a shift towards adopting preventive measures to control parasites and prevent infestations. This trend is driven by the desire to enhance animal welfare, reduce treatment costs, and mitigate the risk of zoonotic diseases. Pet owners are actively seeking veterinary guidance on preventive parasiticide treatments for their companion animals. They understand that administering parasiticides at regular intervals can effectively ward off fleas, ticks, heartworms, and other parasites, thereby ensuring the overall health and comfort of their pets.
Animal Parasiticides Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global animal parasiticides market analysis, the rising awareness about animal health and the increasing prevalence of parasitic infections in livestock and companion animals. Animal parasiticides are essential veterinary medicines used to prevent and treat various parasites, including fleas, ticks, worms, and mites, that can cause diseases and health complications in animals. The market scope for animal parasiticides is vast, encompassing both the livestock and companion animal sectors. Livestock parasiticides are predominantly used in the agricultural industry to ensure the health and well-being of animals such as cattle, sheep, poultry, and swine. On the other hand, companion animal parasiticides are primarily used for dogs, cats, and other pets. The growing pet ownership and the increasing demand for quality veterinary care are contributing to the expansion of the companion animal segment.
One of the key opportunities in the global animal parasiticides market lies in the development of advanced and targeted formulations. Market players are investing in research and development activities to introduce innovative products with improved efficacy, safety, and convenience of administration. Additionally, the integration of technology, such as wearable devices and digital platforms, is opening avenues for the development of smart parasiticides that can provide real-time monitoring and treatment solutions. The market for animal parasiticides is highly competitive, with several prominent players leading the industry. These companies focus on strategic initiatives such as mergers and acquisitions, collaborations, and partnerships to strengthen their market presence and expand their product portfolios. Moreover, they are increasingly investing in marketing and promotional activities to enhance brand awareness and reach a wider customer base.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 11.2 billion |
| Market size value in 2031 | USD 20.42 billion |
| Growth Rate | 6.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Animal Parasiticides Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Animal Parasiticides Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Animal Parasiticides Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Animal Parasiticides Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Animal Parasiticides Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Animal Parasiticides Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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