Animal Parasiticides Market By Type (Ectoparasiticides, Endoparasiticides, and Endectocides), By Animal Type (Companion Animals and Food-producing Animals), By End-user (Veterinary Hospitals & Clinics, Animal Farms, and Home Care Settings), and By Region - Trends, Analysis, and Forecast till 2029

Animal Parasiticides Market accounted for USD 9.5 Billion in 2020 and is estimated to be USD 17.4 Billion by 2029 and is anticipated to register a CAGR of 7.0%

Animal parasiticides are chemical formulations that kill parasites other than fungi and bacteria in animal livestock, pets, and other animals. They live on or in the body of animals and can cause pain, irritation, and wounds to animals. Most parasites, if not treated, can cause the death of the host animal. They can disturb the yield of various livestock animals like cattle. Companies are launching multiple new formulations and products in the animal parasiticides market to eliminate the growing prevalence of foodborne diseases. Rising awareness about animal healthcare, rapidly increasing animal livestock and technological advancements over the past few years are projected to influence the growth of the animal parasiticides market.

Increasing awareness about animal healthcare across the globe is projected to register a significant growth for the animal parasiticides market over the forecast period. Additionally, accelerating number of livestock animals for the purpose of food production in developing economies is leading to growing demand of animal healthcare products, which is also motivating the growth of the market. A growth in the animal healthcare expenditure for animal welfare to enhance the health of livestock animals is further propelling the overall animal parasiticides market. Besides, growing adoption of companion animals in the established economies also expected to positively influence the animal parasiticides market.

Conversely, the stringent approval process for animal parasiticides and a growing preference for vegetarian food and diet along with limitations on the use of parasiticides in food producing animals are the restraints affecting the animal parasiticides market growth.

The animal parasiticides market is segmented based on the type, animal type, end-user, and region.

On the basis of the type, the animal parasiticides market is segmented into ectoparasiticides, endoparasiticides, and endectocides. Based on the animal type, the target market is segmented into companion animals and food-producing animals. Based on the end-user, the target market is classified into veterinary hospitals & clinics, animal farms, and home care settings.

In the region, the animal parasiticides market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The European market is the projected to account the major share into the target market. The increased awareness among the people regarding animal health and the increment in the number of pet animals is driving the growth of the market in this region. North America is anticipated to follow Europe, however, the established markets like U.S and Canada are reaching saturation which tends to expand the market at a moderately lower rate.  The Asia-Pacific is expected to bear its control in terms of growth in animal parasiticide market. The increasing trend towards pet adoption is predominately affected by the growth of the market in this region. Moreover, Latin American regions also witness maximum growth opportunity. Asia-Pacific and Latin America are in the higher growth prospects due to the growing GDP rate and per capita expenditure on animal health.

Segments Covered in the Report:

This report forecasts revenue growth at , regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2029.  For the purpose of this study, has segmented the animal parasiticides market report based on type, animal type, end-user, and region.

Animal Parasiticides Market, By Type:

• Ectoparasiticides

• Pour-ons & spot-ons
• Oral tablets
• Sprays
• Dips
• Ear tags
• Collars
• Other ectoparasiticides

• Endoparasiticides

• Oral liquids
• Oral solids
• Injectables
• Feed additives
• Other endoparasiticides

• Endectocides

  Animal Parasiticides Market, By Animal Type:

• Companion animals
• Food-producing animals

 Animal Parasiticides Market, By End-user:

• Veterinary hospitals & clinics
• Animal farms
• Home care settings

Animal Parasiticides Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • U.S.
  • Canada

The key players operating in the animal parasiticides market include Sanofi S.A. (Merial), Virbac SA, Ceva Sante Animlae, Eli Lilly and Company, Vetoquinol S.A., Zoetis Inc., Merck & Co Inc., Bayer AG, Boehringer Ingelheim GmbH and Perrigo Co. plc. Companies are launching multiple new formulations and products in the animal parasiticides market to eliminate the growing prevalence of foodborne diseases. For instance, in November 2019, Bayer AG collaborated with Pharmaron as its partner for “Chemistry, Manufacturing and Controls (CMC) services of small molecule”. This includes drug substance and drug product manufacturing to support Bayer AG research.

• Sanofi S.A. (Merial)
• Virbac SA
• Ceva Sante Animlae
• Eli Lilly and Company
• Vetoquinol S.A.
• Zoetis Inc.
• Merck & Co Inc.
• Bayer AG
• Boehringer Ingelheim GmbH
• Perrigo Co. plc.