Animal Parasiticides Market Size
parasiticides for animals Forecasted to show around 6.5% CAGR between 2023 and 2032, market size exceeded USD 10 billion in 2022. One major driver of market expansion is an amazing increase in the prevalence of zoonotic and transboundary illnesses.
To get key market trends
One major public health issue and direct human health threat that might even cause death are zoonoses. The use of parasiticides for companion and cattle animals has been strengthened by the higher danger of parasitic zoonoses including trichinellosis, visceral larva migrans, cutaneous larval migrans, hydatidosis, cryptococcosis, cryptosporidiosis, and fascioliasis. This can then drive animal parasite sales.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Animal Parasiticides Market Size in 2022 | USD 10 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6.5% |
| 2032 Value Projection | USD 19.4 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 292 |
| Tables, Charts & Figures | 502 |
| Segments covered | Product, Animat type, End-use and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
The use of parasiticide products has increased as the growing need for animal parasiticides used for improved treatment in pets and cattle drives. Apart from that, growing worries about animal health and more investments directed on creating creative veterinary healthcare solutions will help the animal parasiticides company. Due to sub-optimal conditions, especially in developing nations, the likelihood of parasite infection rises with increasing production of farm animals, which finally results in loss of output. To combat the parasite infection, several medications and vaccinations have been created that farmers may easily get hold of.
Limitations on the ingestion of parasiticide in cattle animals could so limit the market share of the animal parasiticides. To ensure that the goods meant for human consumption are free of improper residues, several countries and regulatory authorities have set strict rules on various parasiticides defined for use in food-producing animals. These rules could demand that the product is not utilized in animals generating milk for human use or that animal slaughter cannot take place for specified times following product distribution, therefore affecting the market revenue.
Animal Parasiticides Market Analysis
Learn more about the key segments shaping this market
By 2032, the market for animal medications combating skin-dwelling parasites is predicted to be valued over $12 billion. This is so because increasingly more of these drugs are used to treat animals for pests including lice, mites, fleas, and ticks. Companies are also funding the creation of new animal health products more heavily. These medications are straightforward to administer, not very harmful to animals, and effectively fight a variety of worms and pests. For maintaining animal health, this qualifies them as a good choice. Furthermore, more and more individuals in industrialized nations are owning pets; these medications are available in many different formssprays, dips, collars, tablets. This facilitates consumers' search for the correct medication for their animals.
Learn more about the key segments shaping this market
From the segment of companion animals, animal parasiticides market is ready to grow at around 7% CAGR between 2023 and 2032. Though they are also a major source of disease-producing agents, the acceptance of companion and pet animals has changed significantly over the past few years. The growing acceptance of pets and companion animals raises concerns about human health since it could lead to dangerous illness spread. The industry scene is driven by expanding awareness of pets' health and zoonotic illnesses, increasing population of companion animals, and increased animal healthcare cost.
Looking for region specific data?
With a 35% revenue share in 2022, North America animal parasiticides market is expected to show amazing expansion by 2032. Regional market expansion will be much aided by a considerable increase in animal healthcare costs and the fast pace of pet adoption. Furthermore, the presence of top players in the United States and the availability of a well-developed healthcare system would let North America become a major corporate center by 2032.
Animal Parasiticides Market Share
Leading companies operating in this business include
- Zoetis Inc
- Merck & Co Inc
- Elanco Animal Health Incorporated
- Boehringer Ingelheim International GmbH
- Ceva Sante Animale
- Virbac
- Vetoquinol S.A
- PetIQ, LLC
- Norbrook
- Bimeda, Inc.
The animal parasiticides market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments
Click here to Buy Section of this Report
By Product
- Ectoparasiticides
- Spray
- Dips
- Collars
- Pour- ons and Spot-ons
- Ear tags
- Oral tablets
- Other ectoparasiticides
- Endoparasiticides
- Injectables
- Oral solids
- Oral liquids
- Feed additives
- Other endoparasiticides
- Endectocides
By Animal
- Farm Animals
- Poultry
- Swine
- Cattle
- Sheep and goats
- Other farm animals
- Companion Animals
- Dogs
- Cats
- Horses
- Other companion animals
By End-use
- Veterinary hospitals and clinics
- Animal farms
- Home care settings
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Poland
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia and New Zealand
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Turkey
- Rest of Middle East & Africa
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