Animal Parasiticides
SKU
MRR-031BF22F9497
Region
Global
Publication Date
March 2024
Delivery
Immediate
2023
USD 9.20 billion
2030
USD 13.08 billion
2024
USD 9.65 billion
CAGR
5.15%
Animal Parasiticides Market by Product Type (Ectoparasiticides, Endectocides, Endoparasiticides), Animal Type (Companion Animals, Livestock), End User - Global Forecast 2024-2030

[183 Pages Report] The Animal Parasiticides Market size was estimated at USD 9.20 billion in 2023 and expected to reach USD 9.65 billion in 2024, at a CAGR 5.15% to reach USD 13.08 billion by 2030.

Animal Parasiticides Market
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Animal parasiticides are chemical materials used to eliminate or destroy parasites that harm animal health. These parasiticides target infectious parasites by reducing or inhibiting their growth. Parasiticide products are used in animal medicine to cure or prevent parasites, including fleas, ticks, and worms. Rising incidence of parasitic infection in pets and demand for animal-based foods is expanding the need for high-quality animal parasiticides. Increasing focus on pet health, expanding pet ownership, and the utilization of advanced pet health products have also created more awareness about parasiticides. Government restrictions and strict regulations for animal parasiticides are the major challenging factors in the market's growth. Additionally, advancements in formulations of animal parasiticide products, particularly of spot-on sprays and creams, are expected to fuel market growth over the near future.

Animal Parasiticides Market - Global Forecast 2024-2030
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Regional Insights

The Americas has a significant landscape in the animal parasiticides market attributed to factors such as high expenditure on animal health, highly commercialized and institutionalized meat industry, large consumption and import-export of animal-derived food products, and large base of pet population treated as family. FDA has different regulations for pet food packaging, storage, manufacturing, and labeling of products for import and export from other countries. However, the Asia-Pacific is slated to record the fastest growth rate in the animal parasiticides market owing to the increasing demand for animal-derived food products, growing awareness about livestock health and advanced livestock farming systems, and the growing adoption of pets in developing countries of this region. Continuous development, government support, and new advancement in animal parasiticides by major vendors have contributed to the market growth in the European region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Animal Parasiticides Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Animal Parasiticides Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • CANTER launches To Combat Resistance In Equine Parasites In The UK

    The UK government has recently launched Canter, a new initiative aimed at tackling resistance in equine parasites. As horse owners and veterinary professionals will know, the issue of parasite resistance is a growing concern, and one that has significant implications for equine health and welfare. The Canter programme seeks to combat this problem by providing support to horse owners, promoting best practice in parasite control, and working closely with industry partners to develop new and innovative solutions. With the launch of Canter, the UK is taking an important step forward in the fight against equine parasites, and demonstrating a strong commitment to maintaining the health and wellbeing of the nation's horses. [Published On: 2023-03-30]

  • FDA Approves Cattle Parasite Treatment

    The FDA has recently given their approval for a new cattle parasite treatment, providing an effective and safe solution for animal parasiticides. This treatment option will work to eliminate internal parasites that commonly affect beef cattle, greatly reducing the risk of infection and decreasing the potential for lost productivity. As a professional in the animal health industry, it's important to stay up-to-date on industry advancements, and this new treatment has the potential to greatly benefit the overall health and wellness of our livestock. It's important to consult with a trusted veterinarian to determine the best solution for your particular herd and to ensure the safe and effective use of this new drug. [Published On: 2023-03-30]

  • Huvepharma®, Inc. Partners with Champion Animal Health on Fly Control

    Huvepharma Inc. has recently announced its partnership with Champion Animal Health on fly control. As a leading global pharmaceutical company focused on the development, production, and marketing of animal health products, Huvepharma is excited to team up with another industry powerhouse. This partnership allowed for expanded access to innovative solutions in the animal health market, creating a better offering for customers and improving animal welfare. With Huvepharma's expertise in parasiticides and Champion Animal Health's deep understanding of livestock production, this partnership is expected to deliver high-quality, effective solutions for fly control in animals. [Published On: 2022-12-20]

Key Company Profiles

The report delves into recent significant developments in the Animal Parasiticides Market, highlighting leading vendors and their innovative profiles. These include Bayer AG, Bimeda, Inc., Boehringer Ingelheim International GmbH, Cargill Incorporated, Ceva Sante Animale, Covetrus Inc., Elanco Animal Health Incorporated, Eli Lilly and Company, Gembah, Inc., Heska Corporation, Huvepharma, IDEXX Laboratories, Merck & Co., Inc., NEOGEN Corporation, Norbrook Group, Perrigo Company PLC, PetIQ, LLC, Sanofi-Aventis Groupe S.A., The Alltech Group, Thermo Fisher Scientific Inc., Vetoquinol S.A., Virbac S.A., and Zoetis, Inc..

Market Segmentation & Coverage

This research report categorizes the Animal Parasiticides Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product Type
    • Ectoparasiticides
      • Collars
      • Dips
      • Ear Tags
      • Oral Tablets
      • Pour-Ons & Spot-Ons
      • Sprays
    • Endectocides
    • Endoparasiticides
      • Feed Additives
      • Injectables
      • Oral Liquids
      • Oral Solids
  • Animal Type
    • Companion Animals
      • Cats
      • Dogs
      • Horses
    • Livestock
      • Cattle
      • Pigs
      • Poultry
      • Sheep & Goats
  • End User
    • Animal Farms
    • Home Care Use
    • Veterinary Clinics & Hospitals

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Animal Parasiticides Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Animal Parasiticides Market?
  3. What are the technology trends and regulatory frameworks in the Animal Parasiticides Market?
  4. What is the market share of the leading vendors in the Animal Parasiticides Market?
  5. Which modes and strategic moves are suitable for entering the Animal Parasiticides Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Animal Parasiticides Market, by Product Type
  7. Animal Parasiticides Market, by Animal Type
  8. Animal Parasiticides Market, by End User
  9. Americas Animal Parasiticides Market
  10. Asia-Pacific Animal Parasiticides Market
  11. Europe, Middle East & Africa Animal Parasiticides Market
  12. Competitive Landscape
  13. Competitive Portfolio
Companies Mentioned
  • Bayer AG
  • Bimeda, Inc.
  • Boehringer Ingelheim International GmbH
  • Cargill Incorporated
  • Ceva Sante Animale
  • Covetrus Inc.
  • Elanco Animal Health Incorporated
  • Eli Lilly and Company
  • Gembah, Inc.
  • Heska Corporation
  • Huvepharma
  • IDEXX Laboratories
  • Merck & Co., Inc.
  • NEOGEN Corporation
  • Norbrook Group
  • Perrigo Company PLC
  • PetIQ, LLC
  • Sanofi-Aventis Groupe S.A.
  • The Alltech Group
  • Thermo Fisher Scientific Inc.
  • Vetoquinol S.A.
  • Virbac S.A.
  • Zoetis, Inc.
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Frequently Asked Questions about the Animal Parasiticides Market
The Global Animal Parasiticides Market size was estimated at USD 9.20 billion in 2023 and expected to reach USD 9.65 billion in 2024.
The Global Animal Parasiticides Market to grow USD 13.08 billion by 2030, at a CAGR of 5.15%
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