Analyst Viewpoint
Increase in prevalence of zoonotic and foodborne diseases in livestock and companion animals is bolstering the animal parasiticides industry growth. Rise in pet ownership and awareness among pet owners regarding importance of maintaining animal health is fostering market progress. Furthermore, increase in investments in research and development activities in drug development for animals is surging the demand for animal parasiticides.
Rise in demand for meat and animal byproducts among consumers is boosting market value. Increase in prevalence of infectious diseases among animals caused by parasites is augmenting the growth of the industry. Manufacturers in the market are focusing on introducing new treatments by incorporating advanced technologies to meet consumer demands and gain lucrative animal parasiticides market opportunities.
A parasite is an organism that lives in or on another and takes its nourishment from that organism. Parasites of animals come in various forms, including worms, lice, ticks, mosquitoes, and protozoa. Animal parasiticides are chemicals used to eliminate parasitic organisms that affect the health of companion animals and livestock. Parasiticide products are commonly used in small animal medicine to prevent and treat various parasites, including fleas, ticks and worms.
External parasites often annoy their hosts by biting, embedding, or otherwise irritating the skin. They can cause serious diseases, such as mange and scabies, which affect animals' health and growth. Internal parasites live in the blood or tissues inside an animal's body. Internal parasites are usually treated with medication, such as dog heartworm treatment, while external parasites are eliminated with a topical flea treatment for small dogs that destroys their life cycle.
Zoonotic diseases are infections among animals caused by germs such as bacteria, fungi, viruses, and parasites. Intensity of the diseases vary as some can be severe such as rabies and require proper treatment and special attention while others can be milder and recover on their own. Animal parasiticides are used to treat zoonotic diseases among animals as well as humans. Increase in prevalence of zoonotic diseases among livestock and companion animals is driving market development.
The Centers for Disease Control and Prevention (CDC) estimates that more than 6 out of 10 known infectious diseases are spread from animals, and 3 out of 4 new infectious diseases in humans come from animals. CDC also states that children under 5 years and adults older than 65 years are prone to these diseases if they come in contact with animals frequently.
Increase in prevalence of foodborne diseases, such as salmonellosis, listeriosis, and brucellosis among animals is fueling the animal parasiticides market growth. Anti-parasitic medications for animals are utilized to treat these foodborne diseases. Foodborne diseases can affect animals’ gut health, immunity, and cattle production.
Companion and livestock animals are prone to several diseases caused by animal parasites. Veterinarians are investing in research and development activities to introduce new drugs to treat zoonotic and foodborne diseases among animals. Increase in awareness regarding infectious diseases spread through animals is encouraging companies to invest in new drug development. Animal healthcare is a major concern across the globe which in turn is driving market statistics.
Increase in demand for meat and animal byproducts are driving the demand for animal parasiticides. Parasiticides improve efficiency in protecting pets from severe infections. Increase in endoparasites and ectoparasites infections in livestock production farms is further bolstering the market dynamics. Increase in investment in technological advancements for application of parasiticides on animals through collars, dips, and spot-on spray is also augmenting the animal parasiticides market size.
According to regional animal parasiticides market insights, North America is projected to hold a dominant share in the near future. Rise in trend of animal adoption and increase in per capita animal healthcare expenditure is driving the animal parasiticides industry share in the region. According to American Pet Products Association (APPA) Pet Owners Survey 2021-2022, around 70% of households in the U.S. have a pet that is around 90.5 million houses, with 45.3 million cats and 69 million dogs. Increase in pet ownership in the region is driving the demand for parasiticides, which in turn is fueling market value.
Key players in the market implement various strategies such as business collaborations and new product launches to expand their product range. Companies aim to expand their business to global markets and create awareness among pet owners regarding the importance of maintaining pet health.
Some of the leading companies in the industry are Bayer AG, Bimeda Animal Health, Boehringer Ingelheim GmbH, Ceva Sante Animale, Elanco (Eli Lilly and Company), Merck & Co., Inc., Vetoquinol, Zoetis, Inc., Virbac, The Chanelle Group, Sunmitomo Chemical Co., Ltd., and others. These companies are profiled in the animal parasiticides market report based on factors such as company overview, financial overview, business segments, product portfolio, business strategies, and key developments
| Attribute | Detail |
|---|---|
| Market Size in 2022 | US$ 9.4 Bn |
| Market Forecast (Value) in 2031 | US$ 15.6 Bn |
| Growth Rate (CAGR) | 5.7% |
| Forecast Period | 2023-2031 |
| Historical Data Available for | 2017-2021 |
| Quantitative Tons | US$ Bn for Value |
| Market Analysis | It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis. |
| Competition Landscape |
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| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Companies Profiled |
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| Customization Scope | Available upon request |
| Pricing | Available upon request |
It was valued at US$ 9.4 Bn in 2022
It is projected to register a CAGR of 5.7% from 2023 to 2031
Rise in prevalence of zoonotic diseases and increase in investments on R&D activities
North America was the most lucrative region in 2022
Bayer AG, Bimeda Animal Health, Boehringer Ingelheim GmbH, Ceva Sante Animale, Elanco (Eli Lilly and Company), Merck & Co., Inc., Vetoquinol, Zoetis, Inc., Virbac, The Chanelle Group, and Sunmitomo Chemical Co., Ltd.
1. Executive Summary
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Animal Parasiticides Market
4. Market Overview
4.1. Market Segmentation
4.1.1. Segment Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Animal Parasiticides Market Analysis and Forecasts, 2023-2031
5. Key Insights
5.1. Pipeline Analysis
5.2. List of Animal Parasiticides Used to Treat Animals
5.3. Disease Prevalence & Incidence Rate Globally With Key Countries
5.4. COVID-19 Pandemic Impact on Industry
6. Animal Parasiticides Market Analysis and Forecast, by Product
6.1. Introduction and Definitions
6.2. Key Findings/Developments
6.3. Market Value Forecast, by Product, 2023–2031
6.3.1. Ectroparasiticides
6.3.1.1. Oral Tablets
6.3.1.2. Dips
6.3.1.3. Spray
6.3.1.4. Spot-on
6.3.1.5. Others
6.3.2. Endroparasiticides
6.3.2.1. Oral Suspension
6.3.2.2. Injectable
6.3.2.3. Feed Additives
6.3.2.4. Others
6.3.3. Endectocides
6.4. Market Attractiveness, by Product
7. Global Animal Parasiticides Market Analysis and Forecast, by Species
7.1. Introduction and Definitions
7.2. Key Findings/Developments
7.3. Market Value Forecast, by Species, 2023–2031
7.3.1. Food-producing Animals
7.3.1.1. Cattle
7.3.1.2. Poultry
7.3.1.3. Swine
7.3.1.4. Others
7.3.2. Companion Animals
7.3.2.1. Dogs
7.3.2.2. Felines
7.3.2.3. Others
7.3.3. Other Livestock
7.4. Market Attractiveness, by Species
8. Global Animal Parasiticides Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region, 2023–2031
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness, by Region
9. North America Animal Parasiticides Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Product, 2023–2031
9.2.1. Ectroparasiticides
9.2.1.1. Oral Tablets
9.2.1.2. Dips
9.2.1.3. Spray
9.2.1.4. Spot-on
9.2.1.5. Others
9.2.2. Endroparasiticides
9.2.2.1. Oral Suspension
9.2.2.2. Injectable
9.2.2.3. Feed Additives
9.2.2.4. Others
9.2.3. Endectocides
9.3. Market Value Forecast, by Species, 2023–2031
9.3.1. Food-producing Animals
9.3.1.1. Cattle
9.3.1.2. Poultry
9.3.1.3. Swine
9.3.1.4. Others
9.3.2. Companion Animals
9.3.2.1. Dogs
9.3.2.2. Felines
9.3.2.3. Others
9.3.3. Other Livestock
9.4. Market Value Forecast, by Country, 2023–2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Product
9.5.2. By Species
9.5.3. By Country
10. Europe Animal Parasiticides Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Product, 2023–2031
10.2.1. Ectroparasiticides
10.2.1.1. Oral Tablets
10.2.1.2. Dips
10.2.1.3. Spray
10.2.1.4. Spot-on
10.2.1.5. Others
10.2.2. Endroparasiticides
10.2.2.1. Oral Suspension
10.2.2.2. Injectable
10.2.2.3. Feed Additives
10.2.2.4. Others
10.2.3. Endectocides
10.3. Market Value Forecast, by Species, 2023–2031
10.3.1. Food-producing Animals
10.3.1.1. Cattle
10.3.1.2. Poultry
10.3.1.3. Swine
10.3.1.4. Others
10.3.2. Companion Animals
10.3.2.1. Dogs
10.3.2.2. Felines
10.3.2.3. Others
10.3.3. Other Livestock
10.4. Market Value Forecast, by Country/Sub-region, 2023–2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Product
10.5.2. By Species
10.5.3. By Country/Sub-region
11. Asia Pacific Animal Parasiticides Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Product, 2023–2031
11.2.1. Ectroparasiticides
11.2.1.1. Oral Tablets
11.2.1.2. Dips
11.2.1.3. Spray
11.2.1.4. Spot-on
11.2.1.5. Others
11.2.2. Endroparasiticides
11.2.2.1. Oral Suspension
11.2.2.2. Injectable
11.2.2.3. Feed Additives
11.2.2.4. Others
11.2.3. Endectocides
11.3. Market Value Forecast, by Species, 2023–2031
11.3.1. Food-producing Animals
11.3.1.1. Cattle
11.3.1.2. Poultry
11.3.1.3. Swine
11.3.1.4. Others
11.3.2. Companion Animals
11.3.2.1. Dogs
11.3.2.2. Felines
11.3.2.3. Others
11.3.3. Other Livestock
11.4. Market Value Forecast, by Country/Sub-region, 2023–2031
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Product
11.5.2. By Species
11.5.3. By Country/Sub-region
12. Latin America Animal Parasiticides Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Product, 2023–2031
12.2.1. Ectroparasiticides
12.2.1.1. Oral Tablets
12.2.1.2. Dips
12.2.1.3. Spray
12.2.1.4. Spot-on
12.2.1.5. Others
12.2.2. Endroparasiticides
12.2.2.1. Oral Suspension
12.2.2.2. Injectable
12.2.2.3. Feed Additives
12.2.2.4. Others
12.2.3. Endectocides
12.3. Market Value Forecast, by Species, 2023–2031
12.3.1. Food-producing Animals
12.3.1.1. Cattle
12.3.1.2. Poultry
12.3.1.3. Swine
12.3.1.4. Others
12.3.2. Companion Animals
12.3.2.1. Dogs
12.3.2.2. Felines
12.3.2.3. Others
12.3.3. Other Livestock
12.4. Market Value Forecast, by Country/Sub-region, 2023–2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Product
12.5.2. By Species
12.5.3. By Country/Sub-region
13. Middle East & Africa Animal Parasiticides Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Product, 2023–2031
13.2.1. Ectroparasiticides
13.2.1.1. Oral Tablets
13.2.1.2. Dips
13.2.1.3. Spray
13.2.1.4. Spot-on
13.2.1.5. Others
13.2.2. Endroparasiticides
13.2.2.1. Oral Suspension
13.2.2.2. Injectable
13.2.2.3. Feed Additives
13.2.2.4. Others
13.2.3. Endectocides
13.3. Market Value Forecast, by Species, 2023–2031
13.3.1. Food-producing Animals
13.3.1.1. Cattle
13.3.1.2. Poultry
13.3.1.3. Swine
13.3.1.4. Others
13.3.2. Companion Animals
13.3.2.1. Dogs
13.3.2.2. Felines
13.3.2.3. Others
13.3.3. Other Livestock
13.4. Market Value Forecast, by Country/Sub-region, 2023–2031
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Product
13.5.2. By Species
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player – Competition Matrix (By Tier and Size of Companies)
14.2. Market Share Analysis, by Company (2022)
14.3. Company Profiles
14.3.1. Bayer AG
14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.1.2. Product Portfolio
14.3.1.3. Financial Overview
14.3.1.4. SWOT Analysis
14.3.1.5. Strategic Overview
14.3.2. Bimeda Animal Health
14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.2.2. Product Portfolio
14.3.2.3. Financial Overview
14.3.2.4. SWOT Analysis
14.3.2.5. Strategic Overview
14.3.3. Boehringer Ingelheim GmbH
14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.3.2. Product Portfolio
14.3.3.3. Financial Overview
14.3.3.4. SWOT Analysis
14.3.3.5. Strategic Overview
14.3.4. Ceva Sante Animale
14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.4.2. Product Portfolio
14.3.4.3. Financial Overview
14.3.4.4. SWOT Analysis
14.3.4.5. Strategic Overview
14.3.5. Elanco (Eli Lilly and Company)
14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.5.2. Product Portfolio
14.3.5.3. Financial Overview
14.3.5.4. SWOT Analysis
14.3.5.5. Strategic Overview
14.3.6. Merck & Co., Inc.
14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.6.2. Product Portfolio
14.3.6.3. Financial Overview
14.3.6.4. SWOT Analysis
14.3.6.5. Strategic Overview
14.3.7. Vetoquinol
14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.7.2. Product Portfolio
14.3.7.3. Financial Overview
14.3.7.4. SWOT Analysis
14.3.7.5. Strategic Overview
14.3.8. Zoetis, Inc.
14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.8.2. Product Portfolio
14.3.8.3. Financial Overview
14.3.8.4. SWOT Analysis
14.3.8.5. Strategic Overview
14.3.9. Virbac
14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.9.2. Product Portfolio
14.3.9.3. Financial Overview
14.3.9.4. SWOT Analysis
14.3.9.5. Strategic Overview
14.3.10. The Chanelle Group
14.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.10.2. Product Portfolio
14.3.10.3. Financial Overview
14.3.10.4. SWOT Analysis
14.3.10.5. Strategic Overview
14.3.11. Sunmitomo Chemical Co., Ltd.
14.3.11.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.11.2. Product Portfolio
14.3.11.3. Financial Overview
14.3.11.4. SWOT Analysis
14.3.11.5. Strategic Overview
List of Tables
Table 01: Global Animal Parasiticides Market Value (US$ Mn) Forecast, by Product, 2023–2031
Table 02: Global Animal Parasiticides Market Value (US$ Mn) Forecast, by Species, 2023–2031
Table 03: Global Animal Parasiticides Market Value (US$ Mn) Forecast, by Region, 2023–2031
Table 04: North America Animal Parasiticides Market Value (US$ Mn) Forecast, by Product, 2023–2031
Table 05: North America Animal Parasiticides Market Value (US$ Mn) Forecast, by Species, 2023–2031
Table 06: North America Animal Parasiticides Market Value (US$ Mn) Forecast, by Country, 2023–2031
Table 07: Europe Animal Parasiticides Market Value (US$ Mn) Forecast, by Product, 2023–2031
Table 08: Europe Animal Parasiticides Market Value (US$ Mn) Forecast, by Species, 2023–2031
Table 09: Europe Animal Parasiticides Market Value (US$ Mn) Forecast, by Country/Sub-region, 2023–2031
Table 10: Asia Pacific Animal Parasiticides Market Value (US$ Mn) Forecast, by Product, 2023–2031
Table 11: Asia Pacific Animal Parasiticides Market Value (US$ Mn) Forecast, by Species, 2023–2031
Table 12: Asia Pacific Animal Parasiticides Market Value (US$ Mn) Forecast, by Country/Sub-region, 2023–2031
Table 13: Latin America Animal Parasiticides Market Value (US$ Mn) Forecast, by Product, 2023–2031
Table 14: Latin America Animal Parasiticides Market Value (US$ Mn) Forecast, by Species, 2023–2031
Table 15: Latin America Animal Parasiticides Market Value (US$ Mn) Forecast, by Country/Sub-region, 2023–2031
Table 16: Middle East & Africa Animal Parasiticides Market Value (US$ Mn) Forecast, by Product, 2023–2031
Table 17: Middle East & Africa Animal Parasiticides Market Value (US$ Mn) Forecast, by Species, 2023–2031
Table 18: Middle East & Africa Animal Parasiticides Market Value (US$ Mn) Forecast, by Country/Sub-region, 2023–2031
List of Figures
Figure 01: Global Animal Parasiticides Market Value (US$ Mn) Forecast, 2023–2031
Figure 02: Global Animal Parasiticides Market Value Share Analysis, by Product 2022 and 2031
Figure 03: Global Animal Parasiticides Market Attractiveness Analysis, by Product, 2023–2031
Figure 04: Global Animal Parasiticides Market Value Share Analysis, by Species, 2022 and 2031
Figure 05: Global Animal Parasiticides Market Attractiveness Analysis, by Species, 2023–2031
Figure 06: Global Animal Parasiticides Market Value Share Analysis, by Region, 2022 and 2031
Figure 07: Global Animal Parasiticides Market Attractiveness Analysis, by Region, 2023–2031
Figure 08: North America Animal Parasiticides Market Value (US$ Mn) Forecast, 2023–2031
Figure 09: North America Animal Parasiticides Market Value Share Analysis, by Product, 2022 and 2031
Figure 10: North America Animal Parasiticides Market Attractiveness Analysis, by Product, 2023–2031
Figure 11: North America Animal Parasiticides Market Value Share Analysis, by Species, 2022 and 2031
Figure 12: North America Animal Parasiticides Market Attractiveness Analysis, by Species, 2023–2031
Figure 13: North America Animal Parasiticides Market Value Share Analysis, by Country, 2022 and 2031
Figure 14: North America Animal Parasiticides Market Attractiveness Analysis, by Country, 2023–2031
Figure 15: Europe Animal Parasiticides Market Value (US$ Mn) Forecast, 2023–2031
Figure 16: Europe Animal Parasiticides Market Value Share Analysis, by Product, 2022 and 2031
Figure 17: Europe Animal Parasiticides Market Attractiveness Analysis, by Product, 2023–2031
Figure 18: Europe Animal Parasiticides Market Value Share Analysis, by Species, 2022 and 2031
Figure 19: Europe Animal Parasiticides Market Attractiveness Analysis, by Species, 2023–2031
Figure 20: Europe Animal Parasiticides Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 21: Europe Animal Parasiticides Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 22: Asia Pacific Animal Parasiticides Market Value (US$ Mn) Forecast, 2023–2031
Figure 23: Asia Pacific Animal Parasiticides Market Value Share Analysis, by Product 2022 and 2031
Figure 24: Asia Pacific Animal Parasiticides Market Attractiveness Analysis, by Product, 2023–2031
Figure 25: Asia Pacific Animal Parasiticides Market Value Share Analysis, by Species, 2022 and 2031
Figure 26: Asia Pacific Animal Parasiticides Market Attractiveness Analysis, by Species, 2023–2031
Figure 27: Asia Pacific Animal Parasiticides Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 28: Asia Pacific Animal Parasiticides Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 29: Latin America Animal Parasiticides Market Value (US$ Mn) Forecast, 2023–2031
Figure 30: Latin America Animal Parasiticides Market Value Share Analysis, by Product, 2022 and 2031
Figure 31: Latin America Animal Parasiticides Market Attractiveness Analysis, by Product, 2023–2031
Figure 32: Latin America Animal Parasiticides Market Value Share Analysis, by Species, 2022 and 2031
Figure 33: Latin America Animal Parasiticides Market Attractiveness Analysis, by Species, 2023–2031
Figure 34: Latin America Animal Parasiticides Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 35: Latin America Animal Parasiticides Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 36: Middle East & Africa Animal Parasiticides Market Value (US$ Mn) Forecast, 2023–2031
Figure 37: Middle East & Africa Animal Parasiticides Market Value Share Analysis, by Product, 2022 and 2031
Figure 38: Middle East & Africa Animal Parasiticides Market Attractiveness Analysis, by Product, 2023–2031
Figure 39: Middle East & Africa Animal Parasiticides Market Value Share Analysis, by Species, 2022 and 2031
Figure 40: Middle East & Africa Animal Parasiticides Market Attractiveness Analysis, by Species, 2023–2031
Figure 41: Middle East & Africa Animal Parasiticides Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 42: Middle East & Africa Animal Parasiticides Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 43: Global Animal Parasiticides Market Share Analysis, by Company, 2022
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Animal Parasiticides Market
