Animal Parasiticides

Global Animal Parasiticides Market to Reach US$15.3 Billion by 2030

The global market for Animal Parasiticides estimated at US$11.0 Billion in the year 2024, is expected to reach US$15.3 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2024-2030. Ectoparasiticides, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach US$9.1 Billion by the end of the analysis period. Growth in the Endoparasiticides segment is estimated at 5.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.2 Billion While China is Forecast to Grow at 7.7% CAGR

The Animal Parasiticides market in the U.S. is estimated at US$3.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 7.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.3% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Global Animal Parasiticides Market - Key Trends and Drivers Summarized

Why Are Animal Parasiticides Critical for Animal Health?

Animal parasiticides have become essential in safeguarding both livestock and companion animals from a range of parasitic threats that compromise health, productivity, and overall well-being. These specialized products are developed to address specific parasites—such as fleas, ticks, lice, and internal worms—that can harm animals by leeching nutrients and transmitting serious diseases. In the livestock industry, parasitic infestations have significant economic implications, as they can lead to poor feed efficiency, decreased growth rates, and reproductive health issues, all of which reduce overall productivity and profitability. These effects are critical in the agricultural sector, where productivity directly impacts food supply and revenue. In addition to livestock, companion animals are equally susceptible to parasitic infestations, which can lead to dermatological issues, digestive disorders, and in severe cases, neurological or systemic complications. Parasiticides, therefore, are a cornerstone of both veterinary care and livestock management, helping to maintain animal health, improve quality of life, and ensure productivity in farming operations. Their use underscores a commitment to animal welfare and is increasingly seen as a necessary measure to uphold economic stability and productivity in both the pet and livestock sectors.

What Are the Major Types and Mechanisms of Parasiticides?

Animal parasiticides are classified into different categories based on the type of parasites they target and the mechanisms by which they operate. The three primary categories are endoparasiticides, ectoparasiticides, and endectocides, each with distinct functions to address internal, external, or both kinds of parasites. Endoparasiticides target internal parasites such as gastrointestinal worms and protozoa; they typically disrupt parasite neurological or cellular functions, using chemical classes like benzimidazoles, macrocyclic lactones, and imidazothiazoles to eliminate these threats. Ectoparasiticides focus on external parasites—like fleas, ticks, and mites—and are generally applied topically. They often rely on active ingredients such as fipronil, permethrin, and isoxazolines, which disrupt the nervous systems of these pests on contact. Endectocides offer broad-spectrum protection by targeting both internal and external parasites, making them a preferred choice in livestock management, where comprehensive parasite control is necessary. Over the years, the development of varied delivery formats, such as injectables, pour-ons, spot-on treatments, and oral chewables, has enhanced the efficacy and convenience of parasiticides, enabling pet owners and livestock managers to administer treatments easily and effectively.

How Are Emerging Trends Shaping the Parasiticide Industry?

The animal parasiticide industry operates under stringent regulatory oversight to ensure product safety, efficacy, and environmental sustainability, with agencies like the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) setting rigorous standards for approval. These regulations address concerns over potential side effects, residue issues in meat and dairy products, and environmental impact, creating a framework that protects both animals and the broader ecosystem. Increasingly, there is a shift towards environmentally friendly parasiticides, as concerns grow over the ecological footprint of conventional chemicals, which can leave residues that potentially harm non-target species and ecosystems. This shift has spurred research and development investment, leading to the exploration of plant-based or biological solutions as alternatives to synthetic chemicals. Another trend shaping the industry is resistance management, a response to the adaptive nature of parasites that develop immunity to commonly used treatments. With the risk of resistance ever-present, the industry is moving toward combination therapies and rotating products with different mechanisms of action to maintain efficacy. This trend is crucial for sustained parasite control and reflects the industry`s commitment to innovation and responsible product usage.

What Is Driving Growth in the Animal Parasiticides Market?

The growth in the animal parasiticides market is driven by several factors, including rising pet ownership, increased livestock farming, and a greater focus on animal health and welfare worldwide. Urbanization and changing lifestyles have led to a substantial increase in pet ownership, particularly in developed and emerging economies, where companion animals are viewed as family members. Pet owners, particularly in urban areas, are more aware of parasitic threats and are willing to invest in preventive treatments for their pets, fueling the demand for safe and effective parasiticides. In parallel, the global livestock industry has expanded rapidly, especially in developing regions where agriculture plays a critical role in economic development. Farmers in these areas increasingly rely on parasiticides to safeguard herd health, prevent productivity losses, and contribute to food security. Advances in technology have further driven growth, enabling the development of parasiticides that are more effective, safer for animals and users, and easier to apply across various conditions. This technological evolution, combined with a trend towards natural and organic formulations, aligns with consumer demands for environmentally sustainable products, driving further market growth. Moreover, emerging markets are now investing heavily in livestock and companion animal health, creating additional demand for cost-effective, reliable parasiticides. Together, these factors paint a promising outlook for the animal parasiticides market, driven by changing consumer preferences, technological progress, and the expanding scope of animal health solutions.

SCOPE OF STUDY:

The report analyzes the Animal Parasiticides market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Ectoparasiticides, Endoparasiticides, Endectocides); Animal Type (Food-Producing Animals, Companion Animals); End-Use (Veterinary Hospitals & Clinics End-Use, Animal Farms End-Use, Home Care Settings End-Use)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 36 Featured) -

• Boehringer Ingelheim International GmbH
• Ceva Santé Animale
• Elanco Animal Health
• Merck Animal Health
• Norbrook Laboratories Limited
• PetIQ, LLC
• Vetoquinol India Animal Health Pvt. Ltd.
• Virbac SA
• Zoetis, Inc.

TARIFF IMPACT FACTOR

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APRIL 2025: NEGOTIATION PHASE

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