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

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.