According to FutureWise analysis the market for Animal Parasiticides in 2023 is US$ 11.24 billion, and is expected to reach US$ 17.94 billion by 2031 at a CAGR of 6.00%.
Animal parasiticides, also known as antiparasitics, are chemical materials used to eliminate or kill animal health-affecting parasites. These parasiticides target the infectious parasites by killing them or inhibiting their growth. These organisms live within or on the host's body and benefit from food and protection while the unfortunate host animal suffers. Common parasites like ticks, mosquitos, and fleas can live on animals' skin or hide in their fur. These parasites can only harm the animal, and they can swiftly spread a disease outbreak. Farmers mitigate the risk through attentive animal care, insect management, and the use of parasiticides to prevent infestations from taking hold. Parasites like worms may live inside the body. Cattle often inadvertently acquire these parasites when grazing pastures. The parasite will then steal nutrition, causing cattle to lose weight and reduce milk production. Treatments such as anthelmintics and other dewormers can help control these parasites.
Ectoparasites (Arthropod parasites) are major causes of livestock production losses worldwide. Furthermore, many arthropod species can act as vectors of disease agents for both animals and humans. Using diverse parasiticides to reduce or eliminate ectoparasites is often necessary to maintain health and to prevent financial loss in food animals. Some ectoparasiticides derived from pesticides are used to protect crops. The choice and application of ectoparasiticides are influenced by practices related to animal husbandry and management and the type of ectoparasite responsible for the infestation. Endectocides are capable of killing internal and external parasites. Accurate parasite identification or correct diagnosis based on clinical signs is necessary to select the appropriate parasiticide. The selected agent can be directly administered to the animal or introduced into the environment to decrease the arthropod population to a level where it no longer poses economic or health consequences.
FutureWise Market Research has published a report that provides an insightful analysis animal parasiticides market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, animal parasiticides market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.