Livestock Dewormers Market to Grow with a CAGR of 4.10% through 2029
The rise in demand for animal-based food products
is expected to drive the Global Livestock Dewormers Market growth in the
forecast period, 2025-2029.
According to
TechSci Research report, “Livestock Dewormers Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029”, the
Global Livestock Dewormers Market stood at USD 6.96 Billion in 2023 and is
anticipated to project robust growth in the forecast period with a CAGR of 4.10%
through 2029. The increasing global demand for animal-based food products, such as meat and milk, is anticipated to drive market growth. This is due to the direct correlation between the consumption of animal meat and milk and the demand for treatments and cures for animal diseases.
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Parasitic diseases are prevalent among animals worldwide. For example, according to an article published in June 2022 in Hindawi, helminthic infections persist in animals despite farmers' widespread use of broad-spectrum antiparasitic medications in recent years. This situation highlights farmers' challenges in effectively implementing helminthic infection management programs. Such studies underscore the importance of providing comprehensive education to farmers and, consequently, boosting the global demand for dewormers.
Global Livestock
Dewormers Market is segmented into Animal Type, Mode of Administration, regional
distribution, and company.
In terms of Animal Type, the Cattle segment is poised to experience substantial market growth throughout the forecast period. This segment stands out as a primary driver propelling the expansion of the Global Livestock Dewormers Market. Cattle constitute a significant portion of the global livestock industry, and their vulnerability to parasitic infections underscores the necessity for effective deworming solutions to ensure optimal health and productivity. With the increasing global demand for beef and dairy products, efficient parasite control in cattle becomes progressively imperative. Given the immense scale of the cattle industry and the economic significance of beef and dairy production, this segment emerges as a major influencing factor in the Livestock Dewormers Market. Parasitic infestations not only compromise the welfare of cattle but also result in economic losses for farmers due to diminished meat and milk output. Market players are strategically focusing on the development and promotion of deworming products tailored to the specific requirements of the cattle segment.
In the Mode of Administration category, oral administration stands as the leading force in the market. It plays a pivotal role in propelling the growth of the Global Livestock Dewormers Market. The preference for oral deworming solutions is driven by their convenience, ease of application, and reduced stress on livestock. Unlike injectable or topical alternatives, oral administration offers straightforward and efficient dosing, minimizing the requirement for specialized equipment and handling.
In large-scale livestock operations, farmers perceive oral dewormers as more practical, enabling faster and less labor-intensive treatment procedures. This convenience supports enhanced compliance with deworming protocols, guaranteeing timely and suitable care for livestock. Additionally, the oral route enhances the accuracy of dosage control, a crucial element in maximizing treatment effectiveness and minimizing the likelihood of resistance development.
Major companies
operating in Global Livestock Dewormers Market are:
- Bayer AG
- Boehringer Ingelheim GmbH
- Durvet, Inc.
- Elanco Animal Health Inc
- First Priority, Inc.
- Jeffers, Inc.
- Manna Pro Products, LLC
- Merck & Co Inc.
- Virbac
- Zoetis Inc.
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“Moreover, research
studies involving cattle deworming are expected to boost segment growth. The simultaneous use of anthelmintics is extremely
effective and prevents resistance, according to model simulations and
experiments on live animals. The market is
growing rapidly due to the increasing prevalence of livestock worm infection
and the rise in veterinary disease awareness programs coupled with the growing
demand for animal products. With such an
increase in poultry and livestock businesses, demand for deworming livestock
also rises and thereby boosting the market growth over the forecast period.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Livestock Dewormers Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, Segmented By Animal Type
(Cattle, Swine, Poultry, Other), By Mode of Administration (Oral, Topical,
Other), By Region, By Competition 2019-2029F”,
has evaluated the future growth potential of Global Livestock Dewormers 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 Livestock Dewormers Market.
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