Animal Parasiticides Market Research Report - Global Forecast till 2027

Animal Parasiticides Market Research Report: Information by Product Type (Ectoparasiticides, Endoparasiticides, and Endectocides), Livestock (Ruminants, Poultry, Porcine, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2027

ID: MRFR/AGR/3644-HCR | November 2022 | Region: Global | 110 Pages         

Animal Parasiticides Market

Animal Parasiticides Market Size is anticipated to reach USD 14 Billion by 2030, registering a CAGR of 7% during 2022-2030.

Segmentation

By Product Type Ectoparasiticides Endoparasiticides Endectocides
By Livestock Ruminants Poultry Porcine Others
By Region North America Europe Asia-Pacific Rest of the World

Key Players

  • Vétoquinol and Bioniche Life Sciences Inc. (Canada)
  • Bayer Animal Health GmbH (Germany)
  • DSM N.V. Merck & Co. Inc. (US)
  • Biomin Holding Gmbh (German)
  • Boehringer Ingelheim International GmbH (Germany)
  • Cargill Inc (US)
  • Zoetis Inc.(US)
  • AB Vista Inc. (UK)

Drivers

  • Awareness of Health Management and Access
  • Rising Demand For Animal-Derived Food Products
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Market Scenario


The global animal parasiticides market is expected to register a CAGR of 5.4% from 2019 to 2024 and reach USD 12.4 billion by the end of 2024. 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 increasing number of livestock animals all over the globe is one of the major factors driving the growth of global animal parasiticides market. Moreover, increasing awareness about animal health management is projected to boost the growth of global animal parasiticides market. Additionally, the increased accessibility to veterinary services due to growth in number of veterinary practitioners coupled with continuous developments in animal parasiticides products is anticipated to fuel the growth of the global animal parasiticides market. 


Segmentation


The global animal parasiticides market has been segmented based on product type, livestock, and region.


The global animal parasiticides market has been classified, based on product type, as ectoparasiticides, endoparasiticides, and endectocides.


The global animal parasiticides market has been bifurcated, based on livestock, into ruminants, poultry, porcine, and others.


The global animal parasiticides market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.


The North American animal parasiticides market has further been segmented into the US, Canada, and Mexico.


The European animal parasiticides market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. 


The animal parasiticides market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.


The animal parasiticides market, in the rest of the world, has been segmented into South America, the Middle East, and Africa


Key Players


Vétoquinol and Bioniche Life Sciences Inc. (Canada), Bayer Animal Health GmbH (Germany), DSM N.V. Merck & Co. Inc. (US), Biomin Holding Gmbh (German), Boehringer Ingelheim International GmbH (Germany), Cargill Inc (US), Zoetis Inc.(US), AB Vista Inc. (UK), The Alltech Groupare (US), Elanco Animal Health Incorporated (US), Bupo Animal Health (South Africa), Chr. Hansen A/S (Denmark), Danisco A/S (Denmark), Novus International Inc. (US) are some of the key players in the global animal parasiticides market. 


Regional Market Summary


The market in North-America is expected to dominate the global animal parasiticides market during the forecast period due to increasing demand of food obtained from animal sources, leading to an increase in livestock raising activities. Moreover, the continuous research in animal parasiticides is anticipated to fuel the growth of animal parasiticides market in this region. Asia-Pacific, region is projected to grow at highest CAGR due to increasing awareness about animal health management and its benefits. Additionally, the farmers in developing countries like India and China are now majorly focusing on animal raising activities to obtain more income, which is predicted to boost the growth of global animal parasiticides market.


The animal parasiticides market in the rest of the world is expected to grow at a steady rate due to increasing meat consumption.   


Global Animal parasiticides Market, by Product Type



  •  Ectoparasiticides

  •  Endoparasiticides

  •  Endectocides


Global Animal parasiticides Market, by Livestock



  • Ruminants

  • Poultry

  • Porcine

  • Others


Global Animal parasiticides Market, by Region




  • North America



    • US

    • Canada

    • Mexico






  • Europe



    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe






  • Asia-Pacific



    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific






  • Rest of the World (RoW)



    • South America

    • Middle East

    • Africa 




Intended Audience



  • Animal growth promoter manufacturers

  • Livestock industry

  • Raw material suppliers

  • Retailers and wholesalers

  • Traders, importers, and exporters



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Frequently Asked Questions (FAQ) :

Awareness of health management and access to veterinarians are major growth drivers of the global animal parasticides market.

Animal parasticides market is expected to be valued at USD 12.4 billion by 2024.

Animal parasticides market is expected to perform exceptionally at a CAGR of 5.4% from 2019 to 2024.

North America can lead the global animal parasticides market till 2024.

The Alltech Groupare, AB Vista Inc., Bupo Animal Health, Bayer Animal Health GmbH, Novus International Inc., DSM N.V. Merck & Co. Inc., Boehringer Ingelheim International GmbH, Cargill Inc, Vétoquinol and Bioniche Life Sciences Inc., Zoetis Inc., Biomin Holding Gmbh, Elanco Animal Health Incorporated, Danisco A/S, and Chr. Hansen A/S are major players of the global animal parasticides market.