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 (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2029

Report Code: PMI439120 | Publish Date: March 2024 | No. of Pages: 160

Global Animal Parasiticides Market Overview

Animal parasiticides market accounted for US$ 9.5 billion in 2020 and is estimated to be US$ 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.

Global Animal Parasiticides Market Dynamics

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.

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Global Animal Parasiticides Market Segmentation

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.

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Attribute

Details

The base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

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

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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

Global Animal Parasiticides Market Key Players

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.

Global Animal Parasiticides Market Company Profile

  • Sanofi S.A. (Merial)
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • 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.

“*” marked represents similar segmentation in other categories in the respective section

Global Animal Parasiticides Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Outlook for Animal Parasiticides Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Animal Type
      • Market Snippet, By End-user
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Type, 2020 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
      • Y-o-Y Growth Analysis (%), 2020 – 2029
      • Segment Trends
    • Ectoparasiticides
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Endoparasiticides
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Endectocides
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
  6. Market Segmentation, By Animal Type, 2020 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
      • Y-o-Y Growth Analysis (%), 2020 – 2029
      • Segment Trends
    • Companion Animals
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Food-producing Animals
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
  7. Market Segmentation, By End-user, 2020 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
      • Y-o-Y Growth Analysis (%), 2020 – 2029
      • Segment Trends
    • Veterinary Hospitals & Clinics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Animal Farms
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Home Care Settings
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
  8. Global Market, By Region, 2020 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
      • Y-o-Y Growth Analysis (%), 2020 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Animal Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Animal Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Animal Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Animal Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
      • Market Size  and Forecast (US$ Mn), By Country, 2020 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Animal Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
      • Sanofi S.A. (Merial)
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • 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.
  11. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

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

Increasing awareness about animal healthcare across the globe is projected to register a significant growth for the global animal parasiticides market

The European market is the projected to account the major share into the target market.

Companies are launching multiple new formulations and products in the market to eliminate the growing prevalence of foodborne diseases.