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animal parasiticides market is witnessing several notable trends that reflect the evolving landscape of veterinary healthcare. One prominent trend is the increasing focus on preventive healthcare for animals. Pet owners, livestock farmers, and veterinary professionals are recognizing the importance of proactive measures to protect animals from parasitic infections. This shift towards prevention is driving the demand for long-acting and broad-spectrum parasiticides that can provide sustained protection, reducing the need for reactive treatments and improving overall animal health.
The rising prevalence of parasitic resistance is a significant trend shaping the animal parasiticides market. Parasites, particularly in livestock, have demonstrated an alarming ability to develop resistance to commonly used parasiticides. This trend is driving research and development efforts to innovate new formulations and modes of action that can effectively combat resistant parasites. As a result, the market is witnessing the introduction of next-generation parasiticides designed to overcome resistance challenges and ensure continued efficacy in animal populations.
Technological advancements are playing a pivotal role in shaping market trends within the animal parasiticides sector. The development of novel delivery systems, such as spot-on treatments, oral formulations, and injectables, is enhancing the convenience and effectiveness of administering parasiticides. Additionally, advancements in diagnostic technologies are facilitating more accurate and targeted treatment approaches, allowing veterinarians to tailor parasiticide regimens based on individual animals' needs. These technological trends contribute to the overall improvement of treatment outcomes and enhance the ease of use for both veterinary professionals and animal owners.
A growing trend in the animal parasiticides market is the expanding range of products catering to companion animals. With an increasing number of households adopting pets, there is a rising demand for parasiticides tailored specifically for dogs, cats, and other companion animals. This trend includes not only traditional antiparasitic medications but also innovative solutions such as collars, shampoos, and sprays that provide convenient and effective parasite control for pet owners.
Consumer awareness and preferences for natural and organic products are influencing market trends within the animal parasiticides sector. Pet owners and livestock farmers are seeking products with fewer chemical additives and a lower environmental impact. This has led to the development of bio-based and eco-friendly parasiticides that align with the growing demand for sustainable and environmentally conscious solutions in animal healthcare.
Globalization and increased international trade are influencing market trends by creating a demand for standardized and universally accepted parasiticide solutions. As animals are transported across borders, there is a need for products that comply with international regulations and can address a diverse range of parasites prevalent in different regions. This trend is driving manufacturers to develop products with broad-spectrum efficacy, ensuring their relevance in the global marketplace.
Another notable trend is the integration of digital technologies in animal healthcare, known as digital or smart farming. The use of data analytics, sensors, and monitoring devices is providing veterinarians and animal owners with real-time information on animal health, including parasitic infections. This trend is not only facilitating early detection and treatment but also contributing to a more proactive and data-driven approach to parasiticides management in both companion and livestock animals.
In conclusion, the animal parasiticides market is characterized by dynamic trends driven by a combination of preventive healthcare focus, parasitic resistance challenges, technological advancements, companion animal preferences, sustainability considerations, global trade dynamics, and the integration of digital technologies. These trends collectively shape the landscape of the animal parasiticides market, influencing product development, consumer choices, and the overall trajectory of veterinary healthcare in addressing parasitic infections in animals.
Animal Parasiticides Market Highlights:
Global Animal Parasiticides Market Overview
The global Animal Parasiticides Market Size was valued at USD 8.61 billion in 2023. The Animal Parasiticides Market industry is anticipated to grow from USD 9.18 billion in 2024 to USD 16.38 billion by 2032, exhibiting a CAGR of 7.51% during the forecast period (2024 - 2032).
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.
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
Recent News:
Vetoquinol, a market leader in animal parasiticides, is pleased to announce that the European Commission has granted marketing authorization for Felpreva® (tigolaner/emodepside/praziquantel), a spot-on prevention and treatment option for mixed parasitic infestations/infections in cats. This authorization was granted subsequent to a positive opinion from the Committee for Medicinal Products for Veterinary Use (CVMP). Felpreva® is the first spot-on parasiticide designed specifically for cats to provide protection against tapeworms, endoparasites (including gastrointestinal roundworms and lungworms), and ectoparasites (including fleas, lice, and mites) for a duration of up to three months when applied with a single dose. It is authorized for the treatment of felines that are infected with or susceptible to combined parasitic infections. Marketing authorization for Felpreva ® (tigolaner/emodepside/praziquantel) has been issued by the European Commission. For up to three months, the combination product treats both internal and external parasite infestations/infections, including tapeworms, and is the first spot-on solution for cats to receive EU approval. Tigolaner, an innovative active ingredient comprising three components in Felpreva®, primarily targets fleas, ticks, and mites.
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.
Recent Developments
The animal parasiticides market in the rest of the world is expected to grow at a steady rate due to increasing meat consumption.
October 2023: Bayer Animal Health receives regulatory approval in the European Union (EU) for its new product, NexGard Spectra (afoxolaner/milbemycin oxime). This chewable tablet is indicated for the treatment and prevention of various parasites in dogs and cats, including fleas, ticks, heartworms, and intestinal worms.
November 2023: Elanco Animal Health launches Seresto Plus (imidacloprid/flumethrin/pyriproxyfen), a collar for dogs and cats that provides protection against fleas, ticks, and mosquitoes for up to eight months. This product also helps control flea eggs and larvae in the pet's environment.
July 2023: An advanced parasiticide for companion animals, Simparica Trio® Plus, was launched by Zoetis, which is recognized on the global platform as an expert in animal health care. The formulation consists of three active ingredients that are effective in protecting pets from fleas, ticks, and intestinal worms. The new formulation is designed for ease of use, being more focused on safety, and allowing for easy monthly administration all in one, making it an effective solution for pet owners. During the launch, a digital campaign was run where veterinarians and pet owners were taught the advantages of broad-spectrum parasite prevention. This innovation is further expected to enhance the portfolio of Zoetis and increase its share of the growing companion animal parasiticides market.
May 2023: Adopting a more proactive approach towards protecting pets, Credelio Shield® was launched by Elanco Animal Health in the form of chewable tabs for dogs, which are effective against ticks and heartworm disease. The newly formulated product is not only a seasonal product but can be used throughout the year due to the inclusion of a wider array of active ingredients, making it more effective than its predecessor. Elanco is also working with veterinary clinics around the world to promote the use of Credelio Shield® by increasing awareness of the need to protect pets from parasites. Also, the company has announced its strategies to introduce similar combination products meant for livestock that would be aimed at enhancing productivity while reducing the economic consequences of parasitic infection.
Animal parasiticides Market, by Product Type
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Ectoparasiticides
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Endoparasiticides
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Endectocides
Animal parasiticides Market, by Livestock
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Ruminants
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Poultry
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Porcine
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Others
Animal parasiticides Market, by Region
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North America
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US
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Canada
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Mexico
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Europe
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Germany
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France
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Italy
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Spain
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UK
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Rest of Europe
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Asia-Pacific
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Japan
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China
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India
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Australia and New Zealand
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Rest of Asia-Pacific
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Rest of the World (RoW)
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South America
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Middle East
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Africa
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Intended Audience
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Animal growth promoter manufacturers
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Livestock industry
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Raw material suppliers
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Retailers and wholesalers
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Traders, importers, and exporters
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