Animal Parasiticides Market to Grow with a CAGR of 4.25% through 2029

Rising pet ownership and increasing awareness of zoonotic diseases are factors driving the Global Animal Parasiticides Market in the forecast period 2025-2029

 

According to TechSci Research report, “Animal Parasiticides Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Animal Parasiticides Market stood at USD 10.52 billion in 2023 and is anticipated to grow with a CAGR of 4.25% in the forecast period, 2025-2029.

The global animal parasiticides market is an essential component of animal health management worldwide. Parasitic infections pose significant threats to various animals, including livestock, pets, and wildlife, leading to economic losses, decreased productivity, and potential public health risks. Given these challenges, the demand for animal parasiticides remains high, driven by several factors that shape the market dynamics. Zoonotic diseases, which are illnesses transmitted from animals to humans, have garnered increased attention due to their potential risks. Effective control of parasitic infections in animals is crucial to prevent their transmission to humans, underscoring the importance of parasiticides in public health efforts. By managing parasitic infestations in animals, parasiticides play a vital role in minimizing the spread of zoonotic diseases and protecting human health. As the global population of animals, including livestock and pets, continues to grow, so does the risk of parasitic infections. With more animals requiring protection against parasites, the demand for parasiticides is on the rise. This trend is particularly evident in the livestock industry, which is a significant contributor to the global economy. To meet the increasing demand for animal-derived products such as meat, milk, and leather, effective parasiticides are essential for maintaining animal health and productivity.

Climate change has also influenced the prevalence and distribution of parasites worldwide. As temperatures rise and ecosystems evolve, parasites once confined to specific regions are spreading to new areas. This expansion of parasitic infections underscores the need for robust parasiticides to control and prevent infestations in animals across diverse environments. Addressing the challenges posed by climate change requires innovative approaches in parasiticide development and deployment to effectively manage parasitic infections in animals. Advancements in veterinary medicine have led to the development of more effective and safer parasiticides, enhancing their efficacy and safety profiles. These innovations have instilled confidence among consumers and veterinary professionals, driving increased adoption of parasiticides for the prevention and treatment of parasitic infections in animals. Furthermore, governments and regulatory bodies worldwide are implementing regulations and guidelines to promote the responsible use of parasiticides. By ensuring proper usage and application, these measures help maintain the efficacy and safety of parasiticides while minimizing environmental risks and promoting sustainable animal health management practices. The global animal parasiticides market plays a critical role in safeguarding animal health and welfare while addressing public health concerns associated with zoonotic diseases. With the increasing population of animals, the spread of parasitic infections, and the challenges posed by climate change, the demand for effective parasiticides continues to grow. By leveraging advancements in veterinary medicine and adhering to regulatory guidelines, the market can meet the evolving needs of animal health management and contribute to sustainable and responsible parasiticide usage worldwide.

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The Global Animal Parasiticides Market is segmented into product type, animal, end use and company.

Based on end user, the veterinary hospitals and clinics segment has emerged as the predominant market leader. Veterinary professionals are trusted sources of information for pet and livestock owners. They are often the first point of contact for discussing animal health concerns, including parasite control. Veterinarians can recommend the most suitable parasiticide products, prescribe specific treatments, and provide guidance on their proper use. Many animal parasiticides require professional administration or supervision to ensure the safety and efficacy of the treatment. Veterinary hospitals and clinics offer this service, ensuring that the right dosage and treatment plan are followed. Veterinary institutions often sell a wide range of animal parasiticides to their clients. This provides a convenient one-stop shop for pet owners and livestock producers to purchase these essential products, contributing to the overall market growth.

Based on region, the Asia Pacific region is witnessing rapid growth in the animal parasiticides market, driven by several factors, including heightened awareness of environmental issues. As the region becomes increasingly conscious of environmental sustainability, this awareness extends to the choice of parasiticides for animal health management. There is a growing demand for eco-friendly and sustainable parasiticides that minimize their impact on the environment while effectively controlling parasitic infections in animals.  Manufacturers operating in the Asia Pacific market have recognized this demand and responded by developing and producing products that align with environmental sustainability principles. These eco-friendly parasiticides not only offer effective solutions for parasitic infections but also prioritize environmental responsibility in their formulation and usage. By adopting sustainable practices in parasiticide development and manufacturing, manufacturers contribute to mitigating the environmental impact of parasiticides while meeting the evolving needs of consumers in the Asia Pacific region.

The emphasis on eco-friendly and sustainable parasiticides reflects a broader shift towards environmentally responsible practices in animal health management. Consumers and stakeholders across the Asia Pacific region increasingly prioritize products and solutions that promote environmental sustainability and minimize harm to ecosystems. This trend underscores the importance of innovation and collaboration within the animal parasiticides industry to develop and deliver effective yet environmentally responsible solutions. As awareness of environmental issues continues to grow, the demand for eco-friendly parasiticides is expected to drive further market growth and shape the future of animal health management in the Asia Pacific region.

 

Major companies operating in Global Animal Parasiticides Market are:

• Eli Lilly and Company
• Merck and Co., Inc.
• Bayer AG
• Virbac Corp
• Vetoquinol S.A.
• Oceanic Pharmachem Pvt. Ltd.
• Boehringer Ingelheim International GmbH
• Ceva Santé Animale
• Intas Pharmaceuticals Ltd.
• Erbe Elektromedizin GmbH
• Conmed Corporation
• Megadyne Medical Products, Inc.
• KLS Martin Group

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 “The global animal parasiticides market is vital for safeguarding the health and productivity of animals worldwide. Parasitic infections pose significant threats to livestock, pets, and wildlife, leading to economic losses and public health concerns. The market experiences sustained growth driven by factors such as the increasing prevalence of zoonotic diseases, expanding global animal populations, and the spread of parasites due to climate change. Innovation in veterinary medicine has resulted in the development of safer and more effective parasiticides, boosting consumer confidence in these products. Regulatory initiatives promoting responsible parasiticide use contribute to market growth. With a heightened awareness of environmental issues, there's a growing demand for eco-friendly and sustainable parasiticides, particularly in regions like the Asia Pacific. The global animal parasiticides market plays a crucial role in ensuring the welfare and health of animals while addressing evolving environmental and public health concerns..” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Animal Parasiticides Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (ectoparasiticides (pour-ons and spot-ons, tablets and sprays), endectocides and endoparasiticides(oral solids, injectables and feed additives)), By Animal (companion animals(dogs, cats, horses), food-producing animals(cattle, sheep, poultry, pigs, goats and other)), By End user (veterinary hospitals and clinics, animal farms, home care settings), By Region and Competition,  2019-2029F”, has evaluated the future growth potential of Global Animal Parasiticides Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Animal Parasiticides Market.

 

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