Animal Parasiticides Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Type ; By Animal Type ; By End User ; By Region

Description

Global Animal Parasiticides Market Size Set to Touch USD 17 Billion by 2029.

Global animal parasiticides market is flourishing because of an increasing prevalence of animal diseases and rapid adoption of technological advancements.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global animal parasiticides market size at USD 10.11 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global animal parasiticides market size to grow at a significant CAGR of 7.6% reaching a value of USD 16.88 billion by 2029. Major growth drivers for the global animal parasiticides market include the increasing awareness of animal health, the rising prevalence of parasitic infections, the growing demand for livestock products, and advancements in veterinary medicine and technology. Parasitic infections, such as fleas, ticks, worms, and mites, are becoming increasingly prevalent, necessitating effective control and elimination strategies. The market responds to this critical need by providing innovative and targeted parasiticides that ensure the well-being of animals. Also, the growing global population and evolving dietary preferences drive the demand for livestock products, emphasizing the importance of maintaining animal health through the use of parasiticides. This recognition of the significance of animal health promotes the adoption of effective prevention, diagnosis, and treatment methods. Advancements in veterinary medicine and technology have played a vital role in the development of more efficient and precise parasiticides. These advancements enable better disease prevention, accurate diagnosis, and effective treatment, thereby improving animal health outcomes. With the continuous growth of these market drivers, the global animal parasiticides market is expected to expand further, providing opportunities for innovation and development during the forecast period. However, Shift towards vegetarianism is anticipated to restrain the overall market growth during the period in analysis.

Global Animal Parasiticides Market - Overview:

The global animal parasiticides market refers to the commercial sector that encompasses the production, distribution, and sale of products specifically designed to prevent, control, and treat parasitic infections in animals. Parasiticides are substances or medications formulated to target and eliminate several types of parasites, including external parasites like fleas, ticks, and mites, as well as internal parasites such as worms. The market includes products intended for use in a wide range of animals, including livestock, companion animals, and horses. The global animal parasiticides market is driven by factors such as increasing awareness of animal health, rising prevalence of parasitic infections, growing demand for livestock products, and advancements in veterinary medicine and technology. This market plays a crucial role in safeguarding the health and well-being of animals, preventing the transmission of diseases, and supporting the productivity and profitability of the livestock industry.

Impact of COVID-19 on Global Animal Parasiticides Market:

COVID-19 pandemic had a dual impact on the global animal parasiticides market. On the one hand, the market experienced disruptions in the supply chain, manufacturing, and distribution due to lockdown measures and restrictions on non-essential businesses. This resulted in temporary setbacks and delays. On the other hand, the increased focus on animal health and hygiene during the pandemic raised awareness about the importance of preventing and treating parasitic infections in animals. As a result, there has been a surge in demand for animal health products, including parasiticides. This shift in consumer behavior and the growing emphasis on animal welfare could potentially drive the market's recovery and future growth.

Global Animal Parasiticides Market - By Animal Type:

Based on animal type, the global animal parasiticides market is bifurcated into Companion Animals and Livestock Animals segments. The companion animals segment is expected to hold a higher share during the forecast period by animal type. One primary driver is the deep emotional bond and elevated importance placed on companion animals, such as dogs and cats, within households. This emotional connection leads to a heightened level of care and a strong commitment to maintaining their health. Consequently, there is a sustained demand for parasiticides to effectively prevent and treat parasitic infections in companion animals. Notably, increasing rates of pet ownership and a growing awareness of zoonotic diseases have significantly elevated the need for comprehensive parasite control in companion animals. Also, advancements in veterinary healthcare, alongside a greater emphasis on preventive measures, have contributed to the significant market share dominance of the companion animals segment.

Competitive Landscape:

Major players operating in the global animal parasiticides market include: Eli Lilly and Company, Merck and Co., Inc., Bayer AG, Virbac, Vetoquinol S.A., Oceanic Pharmachem, Zoetis, Boehringer Ingelheim International GmbH, Ceva, Bovian Health Care, Intas Pharmaceuticals Ltd, Erbe Elektromedizin GmbH, Conmed Corporation, Megadyne Medical Products, Inc., KLS Martin Group, ACOMA Medical Industry Co., Ltd, Doral Medical, Perlong Medical Equipment Co., Ltd, and Stryker. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Animal Parasiticides Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Animal Parasiticides Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23553

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Animal Parasiticides Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Growing prevalence of animal diseases
  - 3.2.1.2. Advancement in technology
- 3.2.2. Restraints
  - 3.2.2.1. Shift towards vegetarianism
- 3.2.3. Opportunities
  - 3.2.3.1. Emerging market potential for lucrative development
- 3.2.4. Challenges
  - 3.2.4.1. Developing resistance to parasiticides
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Animal Parasiticides Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Type
  - 4.2.1.1. Ectoparasiticides
  - 4.2.1.2. Endoparasiticides
  - 4.2.1.3. Endectocides
- 4.2.2. By Animal Type
  - 4.2.2.1. Companion Animals
  - 4.2.2.2. Livestock Animals
- 4.2.3. By End User
  - 4.2.3.1. Veterinary Clinics & Hospitals
  - 4.2.3.2. Animal Farms
  - 4.2.3.3. Home Care Settings
- 4.2.4. By Region
  - 4.2.4.1. North America
  - 4.2.4.2. Europe
  - 4.2.4.3. Asia Pacific (APAC)
  - 4.2.4.4. Latin America (LATAM)
  - 4.2.4.5. Middle East and Africa (MEA)

5. North America Animal Parasiticides Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Animal Type
- 5.2.3. By End User
- 5.2.4. By Country
  - 5.2.4.1. United States
  - 5.2.4.1.1. By Type
  - 5.2.4.1.2. By Animal Type
  - 5.2.4.1.3. By End User
  - 5.2.4.2. Canada
  - 5.2.4.2.1. By Type
  - 5.2.4.2.2. By Animal Type
  - 5.2.4.2.3. By End User

6. Europe Animal Parasiticides Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Animal Type
- 6.2.3. By End User
- 6.2.4. By Country
  - 6.2.4.1. Germany
  - 6.2.4.1.1. By Type
  - 6.2.4.1.2. By Animal Type
  - 6.2.4.1.3. By End User
  - 6.2.4.2. United Kingdom
  - 6.2.4.2.1. By Type
  - 6.2.4.2.2. By Animal Type
  - 6.2.4.2.3. By End User
  - 6.2.4.3. Italy
  - 6.2.4.3.1. By Type
  - 6.2.4.3.2. By Animal Type
  - 6.2.4.3.3. By End User
  - 6.2.4.4. France
  - 6.2.4.4.1. By Type
  - 6.2.4.4.2. By Animal Type
  - 6.2.4.4.3. By End User
  - 6.2.4.5. Spain
  - 6.2.4.5.1. By Type
  - 6.2.4.5.2. By Animal Type
  - 6.2.4.5.3. By End User
  - 6.2.4.6. Belgium
  - 6.2.4.6.1. By Type
  - 6.2.4.6.2. By Animal Type
  - 6.2.4.6.3. By End User
  - 6.2.4.7. Russia
  - 6.2.4.7.1. By Type
  - 6.2.4.7.2. By Animal Type
  - 6.2.4.7.3. By End User
  - 6.2.4.8. The Netherlands
  - 6.2.4.8.1. By Type
  - 6.2.4.8.2. By Animal Type
  - 6.2.4.8.3. By End User
  - 6.2.4.9. Rest of Europe
  - 6.2.4.9.1. By Type
  - 6.2.4.9.2. By Animal Type
  - 6.2.4.9.3. By End User

7. Asia-Pacific Animal Parasiticides Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Animal Type
- 7.2.3. By End User
- 7.2.4. By Country
  - 7.2.4.1. China
  - 7.2.4.1.1. By Type
  - 7.2.4.1.2. By Animal Type
  - 7.2.4.1.3. By End User
  - 7.2.4.2. India
  - 7.2.4.2.1. By Type
  - 7.2.4.2.2. By Animal Type
  - 7.2.4.2.3. By End User
  - 7.2.4.3. Japan
  - 7.2.4.3.1. By Type
  - 7.2.4.3.2. By Animal Type
  - 7.2.4.3.3. By End User
  - 7.2.4.4. South Korea
  - 7.2.4.4.1. By Type
  - 7.2.4.4.2. By Animal Type
  - 7.2.4.4.3. By End User
  - 7.2.4.5. Australia & New Zealand
  - 7.2.4.5.1. By Type
  - 7.2.4.5.2. By Animal Type
  - 7.2.4.5.3. By End User
  - 7.2.4.6. Indonesia
  - 7.2.4.6.1. By Type
  - 7.2.4.6.2. By Animal Type
  - 7.2.4.6.3. By End User
  - 7.2.4.7. Malaysia
  - 7.2.4.7.1. By Type
  - 7.2.4.7.2. By Animal Type
  - 7.2.4.7.3. By End User
  - 7.2.4.8. Singapore
  - 7.2.4.8.1. By Type
  - 7.2.4.8.2. By Animal Type
  - 7.2.4.8.3. By End User
  - 7.2.4.9. Vietnam
  - 7.2.4.9.1. By Type
  - 7.2.4.9.2. By Animal Type
  - 7.2.4.9.3. By End User
  - 7.2.4.10. Rest of APAC
  - 7.2.4.10.1. By Type
  - 7.2.4.10.2. By Animal Type
  - 7.2.4.10.3. By End User

8. Latin America Animal Parasiticides Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Animal Type
- 8.2.3. By End User
- 8.2.4. By Country
  - 8.2.4.1. Brazil
  - 8.2.4.1.1. By Type
  - 8.2.4.1.2. By Animal Type
  - 8.2.4.1.3. By End User
  - 8.2.4.2. Mexico
  - 8.2.4.2.1. By Type
  - 8.2.4.2.2. By Animal Type
  - 8.2.4.2.3. By End User
  - 8.2.4.3. Argentina
  - 8.2.4.3.1. By Type
  - 8.2.4.3.2. By Animal Type
  - 8.2.4.3.3. By End User
  - 8.2.4.4. Peru
  - 8.2.4.4.1. By Type
  - 8.2.4.4.2. By Animal Type
  - 8.2.4.4.3. By End User
  - 8.2.4.5. Rest of LATAM
  - 8.2.4.5.1. By Type
  - 8.2.4.5.2. By Animal Type
  - 8.2.4.5.3. By End User

9. Middle East & Africa Animal Parasiticides Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Animal Type
- 9.2.3. By End User
- 9.2.4. By Country
  - 9.2.4.1. Saudi Arabia
  - 9.2.4.1.1. By Type
  - 9.2.4.1.2. By Animal Type
  - 9.2.4.1.3. By End User
  - 9.2.4.2. UAE
  - 9.2.4.2.1. By Type
  - 9.2.4.2.2. By Animal Type
  - 9.2.4.2.3. By End User
  - 9.2.4.3. Qatar
  - 9.2.4.3.1. By Type
  - 9.2.4.3.2. By Animal Type
  - 9.2.4.3.3. By End User
  - 9.2.4.4. Kuwait
  - 9.2.4.4.1. By Type
  - 9.2.4.4.2. By Animal Type
  - 9.2.4.4.3. By End User
  - 9.2.4.5. South Africa
  - 9.2.4.5.1. By Type
  - 9.2.4.5.2. By Animal Type
  - 9.2.4.5.3. By End User
  - 9.2.4.6. Nigeria
  - 9.2.4.6.1. By Type
  - 9.2.4.6.2. By Animal Type
  - 9.2.4.6.3. By End User
  - 9.2.4.7. Algeria
  - 9.2.4.7.1. By Type
  - 9.2.4.7.2. By Animal Type
  - 9.2.4.7.3. By End User
  - 9.2.4.8. Rest of MEA
  - 9.2.4.8.1. By Type
  - 9.2.4.8.2. By Animal Type
  - 9.2.4.8.3. By End User

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Animal Parasiticides Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Animal Parasiticides Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Eli Lilly and Company.
12.2. Merck and Co., Inc.
12.3. Bayer AG
12.4. Virbac, Vetoquinol S.A.
12.5. Oceanic Pharmachem
12.6. Zoetis
12.7. Boehringer Ingelheim International GmbH
12.8. Ceva, Bovian Health Care
12.9. Intas Pharmaceuticals Ltd.
12.10. Erbe Elektromedizin GmbH
12.11. Conmed Corporation
12.12. Megadyne Medical Products, Inc.
12.13. KLS Martin Group
12.14. ACOMA Medical Industry Co., Ltd
12.15. Doral Medical
12.16. Perlong Medical Equipment Co., Ltd.
12.17. Stryker
12.18. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations