The global market for Animal Parasiticides is estimated at US$10.0 Billion in 2023 and is projected to reach US$14.1 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the animal parasiticides market is driven by several factors including the expanding global demand for protein-rich foods, the rising trend of pet humanization, and the increasing awareness of zoonotic diseases. As the global population continues to grow, so does the demand for livestock products, which boosts the need for effective animal health management practices, including the use of parasiticides. Furthermore, the humanization of pets has led to more attentive care, including regular parasite control, as owners are increasingly aware of the health risks that parasites pose to both animals and humans. Advances in parasiticide technology, such as the development of combination products that tackle multiple parasites or resistance management formulations, also support market growth. Additionally, governmental and regulatory actions aiming to ensure food safety and animal welfare have mandated routine use of parasiticides in some regions, propelling the demand further. Together, these factors contribute to a dynamic market that is as responsive to technological and scientific advances as it is to changes in consumer behavior and regulatory landscapes.
The growth in the animal parasiticides market is driven by several factors including the expanding global demand for protein-rich foods, the rising trend of pet humanization, and the increasing awareness of zoonotic diseases. As the global population continues to grow, so does the demand for livestock products, which boosts the need for effective animal health management practices, including the use of parasiticides. Furthermore, the humanization of pets has led to more attentive care, including regular parasite control, as owners are increasingly aware of the health risks that parasites pose to both animals and humans. Advances in parasiticide technology, such as the development of combination products that tackle multiple parasites or resistance management formulations, also support market growth. Additionally, governmental and regulatory actions aiming to ensure food safety and animal welfare have mandated routine use of parasiticides in some regions, propelling the demand further. Together, these factors contribute to a dynamic market that is as responsive to technological and scientific advances as it is to changes in consumer behavior and regulatory landscapes.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Ectoparasiticides segment, which is expected to reach US$5.5 Billion by 2030 with a CAGR of a 5.6%. The Endoparasiticides segment is also set to grow at 4.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.3 Billion in 2023, and China, forecasted to grow at an impressive 6.9% CAGR to reach $1.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Animal Parasiticides Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Animal Parasiticides Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Animal Parasiticides Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Merck & Co., Inc., Ceva Sante Animale, Merck Animal Health, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 30 Featured):
- Merck & Co., Inc.
- Ceva Sante Animale
- Merck Animal Health
- Virbac SA
- Dechra Pharmaceuticals PLC
- Bimeda Holdings PLC
- Vetoquinol S.A.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Merck & Co., Inc.
- Ceva Sante Animale
- Merck Animal Health
- Virbac SA
- Dechra Pharmaceuticals PLC
- Bimeda Holdings PLC
- Vetoquinol S.A.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 353 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 10 Billion |
| Forecasted Market Value ( USD | $ 14.1 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
