Animal Parasiticides Market - Trends Forecast Till 2028

Animal Parasiticides Market by Type (Ectoparasiticides (Pour-ons & Spot-ons, Tablets, Sprays), Endoparasiticides (Oral Solids, Injectables, Feed Additives), Endectocides), Animal (Companion Animals, Livestock), End User, and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-PH-APM-441

Format:  

Number of Pages: 260

Domain: Pharmaceutical

Animal Parasiticides Market – Trends Forecast Till 2028

The global animal parasiticides market is projected to reach USD 13.7 billion by 2026 from USD 9.7 billion in 2021, at a CAGR of 7.2% during the forecast period 2021-2028.

Animal parasiticides are chemical formulations used to kill different types of parasites on animals. Animal parasites live on or in the body of animals and can cause irritation, pain, and wounds to animals. Most parasites, if not treated, can cause death of host animal. They can affect the yield of various livestock animals like cattle.

The rising demand for animal-derived food products, increasing investments by private players, growing concerns of zoonotic diseases, regulations for preventing the spread of animal diseases, growing companion animal ownership rates, and rising animal health expenditure are some of the factors that have supported long-term expansion for Animal Parasiticides Market.

The COVID-19 pandemic has positively impacted the animal parasiticides market. Because of the pandemic, there was an increase in dog and cat adoption from animal shelters in many developed and developing nations. This increased the demand for pet care products for a brief period. However, the abandonment of pet dogs and animal cruelty have also been reported amidst the pandemic due to rumours of animals as potential reservoirs of COVID-19.

Animal Parasiticides Market Report

North America accounted for the largest share of 40.3% of the global animal parasiticides market in 2020. The large share of North America is due to its well-established base of the animal health industry, the high adoption of companion animals, and the growing expenditure on animal health. This can be attributed to the growing population of livestock animals, increasing consumption of animal-derived food products, and growing adoption of pets.

Animal Parasiticides Market is segmented into material type, animal type, end user and region.

On the basis of Type

  • Ectoparasiticides
  • Endoparasiticides
  • Endectocides

On the basis of Animal Type

  • Companion Animals
  • Livestock Animals

On the basis of End-User

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

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Animal Parasiticides Market Primary Respondent

 

Key Players

  • Elanco Animal Health Incorporated
  • Virbac
  • Merck & Co., Inc.
  • Boehringer Ingelheim GmbH
  • Ceva Santé Animale
  • Vetoquinol S.A.
  • PetIQ, Inc.
  • Norbrook
  • Bimeda Animal Health

Recent Developments

  • In June 2021, Boehringer Ingelheim partnered with Lifebit (UK) to detect global infectious disease outbreaks using AI and natural language processing technology.
  • In August 2020, Elanco Animal Health Incorporated (US) acquired Bayer Animal Health (Germany) for USD 6.89 billion to expand its scale and capabilities in the animal health industry.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Animal Parasiticides Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 7.1 billion

Growth Rate

CAGR of 10.0% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

material type, end use, implementation and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Zoetis Inc., Elanco Animal Health Incorporated, Virbac, Merck & Co., Inc., Boehringer Ingelheim GmbH, Ceva Santé Animale, Vetoquinol S.A., PetIQ, Inc., Norbrook and Bimeda Animal Health

Available Customization

In addition to the market data for Animal Parasiticides Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Choose License Type
Global: 50+ Countries

Note: Report data and information will be by Country.


Regional Report

Note: Report data and information will be by Country.


Country Specific Report

Bundle Reports

50% Discount on all additional reports  

Special Pricing

Avail customised purchase options to meet your specific research requirements.

Custom Tailored Services

Delvens. offers transformed research reports where syndicated reports are not sufficient to provide solutions to your business.

Subscription Model

Get latest and trending updates throughout the year on the reports you buy.