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

With a projected value of US$ 17.4 billion by 2029 and a compound annual growth rate (CAGR) of 7.0%, the animal parasiticides market was valued at US$ 9.5 billion in 2020.

Chemical formulations known as animal parasiticides are used to eradicate parasites in pets, livestock, and other animals that are not fungi or bacteria. They can inflict pain, irritability, and wounds on animals because they reside on or within their bodies. If left untreated, the majority of parasites can result in the host animal's death. They may interfere with different livestock animals' yields, such as cattle. Businesses are entering the animal parasiticides market with a number of novel formulations and products in an effort to combat the rising incidence of foodborne illnesses. The market for animal parasiticides is expected to grow as a result of growing awareness of animal healthcare, rapidly expanding animal livestock, and recent technological advancements.