Animal Parasiticides Market Report by Type (Ectoparasiticides, Endoparasiticides, Endectocides), Animal Type (Companion Animals, Livestock Animals), End User (Veterinary Clinics and Hospitals, Animal Farms, Home Care Settings), and Region 2024-2032

Animal Parasiticides Market Report by Type (Ectoparasiticides, Endoparasiticides, Endectocides), Animal Type (Companion Animals, Livestock Animals), End User (Veterinary Clinics and Hospitals, Animal Farms, Home Care Settings), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A10104
Buy Now

Global Animal Parasiticides Market:

The global animal parasiticides market size reached US$ 9.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.09% during 2024-2032. The increasing awareness towards animal health, owing to the growing prevalence of zoonotic diseases, is propelling the market.

Report Attribute
 Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 9.9 Billion
Market Forecast in 2032 US$ 15.5 Billion
Market Growth Rate (2024-2032) 5.09%


Animal Parasiticides Market Analysis:

  • Major Market Drivers: The increasing need for controlling parasitic infections in livestock and pets is catalyzing the market.
  • Key Market Trends: The rising inclination among individuals towards proper pet care is acting as a significant growth-inducing factor. Besides this, the introduction of effective measures to maintain animal health is further stimulating the market.
  • Competitive Landscape: Some of the prominent companies in the global market include Bimeda Group, Boehringer Ingelheim GmbH, Ceva Santé Animale, Merck & Co. Inc., Norbrook Laboratories Limited, PetIQ LLC, Vetoquinol S.A., Virbac, and Zoetis Inc., among many others.
  • Geographical Trends: The market in North America is primarily bolstered by the implementation of guidelines concerning animal welfare and food safety.
  • Challenges and Opportunities: One of the limitations hampering the market is the development of resistance among parasites. However, the inflating promotions of integrated pest management practices are expected to fuel the market in the coming years.
     

Animal Parasiticides Market Report


Animal Parasiticides Market Trends:

Growing Focus on Enhanced Formulations

The rising need for comprehensive protection against a range of parasites, which can simplify treatment regimens for pet owners, is augmenting the market. By combining various active ingredients, these products reduce the frequency of treatments and make it easier to maintain consistent parasite control. This is positively influencing the animal parasiticides market outlook. In July 2024, a clinical assistant professor at the Texas A&M School of Veterinary Medicine and Biomedical Sciences provided insight into the importance of external parasite control and discussed methods for reducing the potential health risks associated with common farm pests.

Rising Demand for Organic Parasiticides

The increasing inclination towards eco-friendly and chemical-free solutions is acting as a significant growth-inducing factor. Pet owners are concerned about the potential side effects of synthetic chemicals on their animal health. According to the animal parasiticides market overview, this has led to the launch of products like Tick Home Spray and Vet's Best Flea, which uses natural ingredients, including clove and peppermint oil extract, to repel and kill parasites.

Elevating Enhanced Offerings

Continuous innovations that cater to the demand for more convenient and cost-effective parasite control solutions are catalyzing the market. Moreover, products, such as Bravecto, offer up to 12 weeks of protection against ticks with a single dose. In April 2024, Boehringer Ingelheim, one of the global leaders in animal health, launched NexGard SPECTRA® in India following its approval by the Central Drugs Standard Control Organisation (CDSCO).

Global Animal Parasiticides Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the animal parasiticides market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the type, animal type, and end user.

Breakup by Type:

Animal Parasiticides Market Report

  • Ectoparasiticides
  • Endoparasiticides
  • Endectocides
     

Ectoparasiticides currently hold most of the total animal parasiticides market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes ectoparasiticides, endoparasiticides, and endectocides. According to the report, ectoparasiticides represented the largest market segmentation.

Ectoparasiticides are crucial for controlling parasites like fleas, ticks, and mites on animals. For instance, the launch of products like NexGard offers prolonged protection against multiple parasites with easy application methods.

Breakup by Animal Type:

  • Companion Animals
  • Livestock Animals
     

Companion animals hold the majority of the global animal parasiticides market revenue

The report has provided a detailed breakup and analysis of the market based on the animal type. This includes companion animals and livestock animals. According to the report, companion animals represented the largest market segmentation.

With pets being viewed more as family members, owners are more willing to invest in products that ensure their pets' well-being and comfort. For example, Bravecto is a chewable tablet that provides up to 12 weeks of flea and tick protection.

Breakup by End User:

  • Veterinary Clinics and Hospitals
  • Animal Farms
  • Home Care Settings
     

Veterinary clinics and hospitals dominate the animal parasiticides market statistics

The report has provided a detailed breakup and analysis of the market based on the end user. This includes veterinary clinics and hospitals, animal farms, and home care settings. According to the report, veterinary clinics and hospitals represented the largest market segmentation.

Veterinary clinics and hospitals represent the largest segmentation in the market due to their pivotal role in prescribing, diagnosing, and administering parasite control treatments. Credelio allows veterinarians to educate pet owners on their benefits and proper administration.

Breakup by Region:

Animal Parasiticides Market Report

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

North America exhibits a clear dominance in the market

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

The growing pet ownership rates are among the key factors catalyzing the regional market. Apart from this, the rising emphasis on animal health will continue to fuel the market in the coming years. As per the IMARC, the United States animal health market size reached about US$ 17.2 Billion in 2023. Looking forward, IMARC Group projects the market to reach US$ 43.29 Billion by 2032, thereby exhibiting a growth rate (CAGR) of 10.50% during 2024-2032.

Competitive Landscape:

The top players in the market are heavily investing in R&D activities to create new solutions tailored to address specific parasitic infections. They are enhancing their product portfolios and expertise, which is escalating the animal parasiticides market demand. The major companies are also focusing on promoting awareness of the broader importance of parasitic control through seminars, workshops, and informative materials.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major animal parasiticides market companies have also been provided. Some of the key players in the market include:

  • Bimeda Group
  • Boehringer Ingelheim GmbH
  • Ceva Santé Animale
  • Merck & Co. Inc.
  • Norbrook Laboratories Limited
  • PetIQ LLC
  • Vetoquinol S.A.
  • Virbac
  • Zoetis Inc.
     

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

 Animal Parasiticides Market Recent Developments:

  • July 2024: A clinical assistant professor at the Texas A&M School of Veterinary Medicine and Biomedical Sciences provided insight into the importance of external parasite control.
  • April 2024: Boehringer Ingelheim launched NexGard SPECTRA® in India following its approval by the Central Drugs Standard Control Organization (CDSCO).
  • February 2024: Elanco invested approximately US$1.3 Billion deal to offer the animal health company more flexibility to launch enhanced animal parasiticide variants.


Animal Parasiticides Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Type
  • Animal Type
  • End User
  • Region 
Types Covered Ectoparasiticides, Endoparasiticides, Endectocides
Animal Types Covered Companion Animals, Livestock Animals
End Users Covered Veterinary Clinics and Hospitals, Animal Farms, Home Care Settings
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bimeda Group, Boehringer Ingelheim GmbH, Ceva Santé Animale, Merck & Co. Inc., Norbrook Laboratories Limited, PetIQ LLC, Vetoquinol S.A., Virbac, Zoetis Inc., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global animal parasiticides market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global animal parasiticides market?
  • What is the impact of each driver, restraint, and opportunity on the global animal parasiticides market growth?
  • What are the key regional markets?
  • Which countries represent the most attractive animal parasiticides market?
  • What is the breakup of the market based on the type?
  • Which is the most attractive type in the animal parasiticides market?
  • What is the breakup of the market based on the animal type?
  • Which is the most attractive animal type in the animal parasiticides market?
  • What is the breakup of the market based on the end user?
  • Which is the most attractive end user in the animal parasiticides market?
  • What is the competitive structure of the global animal parasiticides market?
  • Who are the key players/companies in the global animal parasiticides market?


Key Benefits for Stakeholders:

  • IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the animal parasiticides market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global animal parasiticides market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the animal parasiticides industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Animal Parasiticides Market Report by Type (Ectoparasiticides, Endoparasiticides, Endectocides), Animal Type (Companion Animals, Livestock Animals), End User (Veterinary Clinics and Hospitals, Animal Farms, Home Care Settings), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More