Global Animal Parasiticides Market Size Study, by Product Type (Ectoparasiticides, Endoparasiticides, Endectocides), by Animal Type (Companion, Livestock), by Distribution Channel (Veterinary Hospitals & Clinics, Pharmacies, E-commerce, Others) and Region

Global Animal Parasiticides Market Size Study, by Product Type (Ectoparasiticides, Endoparasiticides, Endectocides), by Animal Type (Companion, Livestock), by Distribution Channel (Veterinary Hospitals & Clinics, Pharmacies, E-commerce, Others) and Regional Forecasts 2022-2032

The Global Animal Parasiticides Market is estimated to be valued at USD 10.8 billion in 2023 and is projected to exhibit a healthy growth rate of 6.1% during the forecast period 2024-2032. Animal parasiticides are pivotal in veterinary medicine, aimed at eradicating parasites that affect livestock, pets, and other animals. These chemical compounds are essential in controlling parasites such as worms, fleas, ticks, and mites, thereby safeguarding animal health and boosting productivity. The application methods for these parasiticides include topical treatments, oral medications, injectables, and feed additives, making them versatile in usage across various animal healthcare scenarios. By maintaining animal health, parasiticides also contribute to food safety and promote animal welfare, particularly in agricultural and pet care settings.

The market's robust growth is primarily driven by the increasing pet ownership worldwide, which has subsequently heightened spending on animal healthcare. Pet owners are becoming more health-conscious regarding their pets, thus investing more in preventive healthcare products like parasiticides. This is further amplified by the humanization of pets, where pets are increasingly treated as family members, thereby escalating the demand for superior healthcare products. Additionally, the rising global population and growing income levels are fueling the demand for meat and dairy products, which in turn is driving the need for effective parasiticides in livestock farming. Farmers are now more aware of the economic repercussions of parasitic infections on livestock, which is propelling the demand for these products. Technological advancements in veterinary medicine have also spurred the development of more efficient and safer parasiticides. Innovations such as broad-spectrum parasiticides that target multiple parasites and long-acting formulations that reduce the frequency of application are gaining traction. These advancements enhance both the efficacy and convenience of parasiticides, thereby fostering market growth.

Regionally, North America is anticipated to hold a dominant share in the animal parasiticides market owing to the rising trend of animal adoption and the increasing per capita expenditure on animal healthcare. Conversely, the Asia Pacific region is expected to experience the fastest growth rate during the forecast period, driven by increasing awareness of animal health and rising disposable incomes in emerging markets.

Major market players included in this report are:

Zoetis Inc.

Boehringer Ingelheim

Elanco Animal Health

Merck Animal Health

Bayer

Vetoquinol

Ceva Santé Animale

Neogen Corporation

Dechra Pharmaceuticals

Heska Corporation

The detailed segments and sub-segment of the market are explained below:

By Product Type:
• Ectoparasiticides
• Endoparasiticides
• Endectocides

By Animal Type:
• Companion
• Livestock

By Distribution Channel:
• Veterinary Hospitals & Clinics
• Pharmacies
• E-commerce
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico
• RoLA

Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
• Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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