Overview


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.

  • Boehringer Ingelheim
  • Bayer Ag
  • Elanco Animal Health
  • Merck
  • Zoetis
  • Virbac
  • Ceva Santé Animale
  • Vetoquinol S.a.
  • Petiq
  • Chanelle Pharma
  • Eco Animal Health
  • Abbey Animal Health
  • Zydus Animal Health
  • Norbrook Holdings
  • Smartvet Holdings
  • Bimeda
  • Ucbvet
  • Bovicure Pharma
  • Hatvet Pharma
  • Ashish Life Science (Als)
  • Lutim Pharma

(Note: The list of the major players will be updated with the latest market scenario and trends)

Recent Developments in Animal Parasiticides Market:

  • In July 2022, Virbac introduced a TENOTRYLTM (enrofloxacin) injectable solution for cattle and swine in the USA. 
     
  • In January 2022, Zoetis Inc. received approval from the US FDA for a new label indication Simparica Trio (sarolaner, moxidectin, and pyrantel chewable tablets) in the prevention of Borrelia burgdorferi infections.


The rising incidence of zoonotic diseases, which are infections transmissible between animals and humans, stands as a significant driver for the animal parasiticides market. As the potential threats posed by these diseases grow, there is an increased emphasis on preventive measures to safeguard both animal and human health. This has led to an increased adoption of parasiticides, which play a critical role in preventing and reducing the risk of zoonotic diseases, effectively fostering the market for these essential animal health products. Additionally, the integration of advanced technology has led to the development of the animal parasiticides market by introducing highly efficient and safer solutions. Using advanced compounds and delivery mechanisms, novel formulations have significantly elevated parasiticides' effectiveness, providing enhanced animal protection. Moreover, the origin of precision-targeted delivery systems allows for more accurate and convenient administration, minimizing any potential side effects. Additionally, the introduction of advanced diagnostic tools customized for specific parasites has extensively improved the accuracy and speed of detection, allowing veterinarians to swiftly implement targeted treatment plans, further propelling the market growth. However, the potential environmental impact of specific parasiticides poses a significant constraint in the animal parasiticides market. Excessive use of these chemicals may lead to contamination of soil, water bodies, and unintentional non-target species, causing harm to ecosystems. This concern has provoked growing regulatory assessment and public awareness, driving a shift towards more sustainable and eco-friendly alternatives. Manufacturers must develop and promote reliable usage practices, invest in research for environmental formulations, and guide stringent compliance standards. Therefore, the envionmental effects of parasiticides are expected to hinder the target market.
 

By Type

  • Ectoparasiticides
    • Pour-ons and spot-ons
    • Oral tablets
    • Sprays
    • Dips
    • Ear tags
    • Collars
    • Other ectoparasiticides
  • Endoparasiticides
    • Oral liquids
    • Oral solids
    • Injectables
    • Feed additives
    • Other endoparasiticides
  • Endectocides

By Animal Type

  • Companion animals
    • Dogs
    • Cats
    • Horses
  • Food-producing animals
    • Cattle
    • Pigs
    • Poultry
    • Sheeps and Goats

By End User

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

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America registered highest share in the market in 2022. This is attributed to factors such as an increase in veterinary clinics, a well-established animal health industry, rising consumption of food items products from animals, the widespread adoption of companion animals, rising pet healthcare spending, new product development, technological advancements, and the presence of leading players in the U.S. is likely to increase the demand for animal parasiticides market during the forecast period. Additionally, stringent regulations on animal health and welfare are anticipated to boost the growth of effective parasiticides, therefore propelling the market growth in the region.

  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants
     

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

  • To provide with an exhaustive analysis on the Animal Parasiticides Market By Type, By Animal Type, By End User and By Region.
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
  • You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1 . Years Considered for the Study
         3.2 . Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1 . Secondary Data
          1.1.1 . Key Data from Secondary Sources
         1.2 . Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Global Animal Parasiticides Market Variables, Trends and Scope
    •   1. Market LineProducts Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Animal Parasiticides Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Global Animal Parasiticides Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Global Animal Parasiticides Market, By Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Ectoparasiticides
         1.1. Pour-ons and spot-ons
         1.2. Oral tablets
         1.3. Sprays
         1.4. Dips
         1.5. Ear tags
         1.6. Collars
         1.7. Other ectoparasiticides
        2. Endoparasiticides
         2.1. Oral liquids
         2.2. Oral solids
         2.3. Injectables
         2.4. Feed additives
         2.5. Other endoparasiticides
        3. Endectocides

  • 8.   Global Animal Parasiticides Market, By Animal Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Companion animals
         1.1. Dogs
         1.2. Cats
         1.3. Horses
        2. Food-producing animals
         2.1. Cattle
         2.2. Pigs
         2.3. Poultry
         2.4. Sheeps and Goats

  • 9.   Global Animal Parasiticides Market, By End User Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Veterinary hospitals and clinics
        2. Animal farms
        3. Home care settings

  • 10.   North America Animal Parasiticides Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 11.   Latin America Animal Parasiticides Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 12.   Europe Animal Parasiticides Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 13.   Asia Pacific Animal Parasiticides Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 14.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Saudi Arabia
         2.2. UAE
         2.3. South Africa
         2.4. Egypt
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 15.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 16.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. Boehringer Ingelheim
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Bayer Ag
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Elanco Animal Health
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Merck
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Zoetis
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Virbac
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Ceva Santé Animale
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Vetoquinol S.a.
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Petiq
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10.Chanelle Pharma
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview
        11.Eco Animal Health
         11.1. Company Overview
         11.2. Product Portfolio
         11.3. SWOT Analysis
         11.4. Financial Overview
         11.5. Strategic Overview
        12.Abbey Animal Health
         12.1. Company Overview
         12.2. Product Portfolio
         12.3. SWOT Analysis
         12.4. Financial Overview
         12.5. Strategic Overview
        13.Zydus Animal Health
         13.1. Company Overview
         13.2. Product Portfolio
         13.3. SWOT Analysis
         13.4. Financial Overview
         13.5. Strategic Overview
        14.Norbrook Holdings
         14.1. Company Overview
         14.2. Product Portfolio
         14.3. SWOT Analysis
         14.4. Financial Overview
         14.5. Strategic Overview
        15.Smartvet Holdings
         15.1. Company Overview
         15.2. Product Portfolio
         15.3. SWOT Analysis
         15.4. Financial Overview
         15.5. Strategic Overview
        16.Bimeda
         1. Company Overview
         2. Product Portfolio
         3. SWOT Analysis
         4. Financial Overview
         5. Strategic Overview
        17.Ucbvet
         17.1. Company Overview
         17.2. Product Portfolio
         17.3. SWOT Analysis
         17.4. Financial Overview
         17.5. Strategic Overview
        18.Bovicure Pharma
         18.1. Company Overview
         18.2. Product Portfolio
         18.3. SWOT Analysis
         18.4. Financial Overview
         18.5. Strategic Overview
        19.Hatvet Pharma
         19.1. Company Overview
         19.2. Product Portfolio
         19.3. SWOT Analysis
         19.4. Financial Overview
         19.5. Strategic Overview
        20.Ashish Life Science (Als)
         20.1. Company Overview
         20.2. Product Portfolio
         20.3. SWOT Analysis
         20.4. Financial Overview
         20.5. Strategic Overview
        21.Lutim Pharma
         21.1. Company Overview
         21.2. Product Portfolio
         21.3. SWOT Analysis
         21.4. Financial Overview
         21.5. Strategic Overview

  • 17.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 18.   FutureWise SME Key Takeaway Points for Client
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