GVR Report cover Animal Parasiticides Market Size, Share & Trends Report

Animal Parasiticides Market Size, Share & Trends Analysis Report By Product Type (Ectoparasiticides, Endoparasiticides, Endectocides), By Animal Type (Companion Animals, Livestock Animals), By Distribution Channel By Region, And Segment Forecasts, 2023 To 2030

Animal parasiticides are products used to prevent and treat parasitic infections in livestock and companion animals. Parasites such as fleas, ticks, and worms cause animal health problems, ranging from skin irritation to severe disease and even death. Animal parasiticides are essential for protecting animal health, as well as for ensuring the safety of the food supply. The COVID-19 pandemic had a positive impact on the animal parasiticides market. The pandemic had increased demand for animal health products as more people adopted pets and spent more time at home with their animals.

The market for animal parasiticides includes a wide range of products, including topical treatments, oral medications, and injectable formulations. These products target specific types of parasites and provide broad-spectrum protection against multiple types of parasites. Some animal parasiticides are available in drug stores, while others require a prescription from a veterinarian. The animal parasiticides market is growing segment of the animal health industry, with the potential to significantly improve the health and well-being of animals and the safety and quality of the food supply.

The global animal parasiticides market is expected to grow in the coming years. The market is driven by increasing demand from developing countries and the development of new and innovative products. North America and Europe are some of the leading markets for animal parasiticides due to their advanced veterinary infrastructure and high levels of pet ownership. However, the market is expected to experience significant growth in Asia-Pacific due to rising demand for animal protein and awareness of the importance of animal health.

The animal parasiticides market is driven by several factors, including increasing awareness of the importance of parasite control in animal health, rising demand for meat and dairy products, and the growing popularity of pets worldwide. In addition, advancements in technology and increasing investment in research and development are leading to the developing of new and improved animal parasiticides. Major companies are increasing their penetration in the market by undertaking strategies such as acquisitions, new product launches, and collaborations. For instance, in August 2022, Elanco announced the acquisition of Bayer AG's animal health division. The company focuses on strengthening innovation, portfolio, and productivity strategies through the acquisition.

Animal Parasiticides Market Segmentation

  • By Product Type

    • Ectoparasiticides

    • Endoparasiticides

    • Endectocides

  • By Animal Type

    • Companion Animals

    • Livestock Animals

  • By Distribution Channel

    • Veterinary Hospitals

    • Veterinary Clinics

    • Pharmacies and Drug Stores

  • Key players

    • Merck & Co. Inc.

    • Zoetis Services LLC

    • Ceva

    • Virbac

    • Heska Corporation

    • Boehringer Ingelheim International GmbH

    • PetIQ, LLC.

    • Lilly.

    • Sanofi

    • Perrigo Company plc

    • Vetoquinol

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