Global Livestock Parasiticides Market Size, Share & Industry Trends Analysis Report By Type, By End User (Veterinary Clinics & Hospitals and Animal Farms), By Livestock, By Regional Outlook and Forecast, 2023-2029

Report
196 Pages
April 2023
Region: Global
Marqual IT Solutions Pvt. Ltd (KBV Research)
ID: 5806500

The Global Livestock Parasiticides Market size is expected to reach $3.9 Billion by 2029, rising at a market growth of 5.9% CAGR during the forecast period.

Parasites are one of the most common causes of several diseases and loss of production in livestock. The market for livestock parasiticides aims to offer chemical compounds that eliminate parasites other than bacteria and fungi in animals. These chemicals are often innocuous components created in a composition that contains one or more active substances. Most parasiticides contain active components with similar chemical structures and numerous shared characteristics. They are additionally divided into many chemical classes and families.

The significance of livestock parasiticides for preventing and treating parasite illnesses in animals has been acknowledged. In order to combat the rising incidence of food-borne illnesses, numerous leading players and businesses from across the world are developing a variety of innovative formulations and products in the cattle parasiticides market.

The expanding demand for animal products in developing nations is mostly responsible for the increased demand for meat. Due to the rising population in different countries, the demand for meals derived from cattle has increased by an astounding 80% in the last 20 years. In addition, endoparasite-related illnesses have been shown to harm animals, ultimately reducing milk and meat production. Therefore, the primary drivers of the growth of the livestock parasiticides market are the need to limit the spread and infection of endoparasites among food-producing animals and the rising demand for animal protein globally.

COVID-19 Impact Analysis

It is true to argue that the COVID-19 pandemic has reduced the need for livestock animal care. As a result, most of the major players are currently functioning at a very low level or even completely incapable. Reduced output and capacity in veterinary pharmaceutical production would lead to product unavailability and hampered supply chains, negatively impacting market growth in 2020-2021. Leading businesses in the livestock healthcare industry saw a decline in the second quarter of 2020, which was attributed to declining demand in the companion animal sector, especially for clinically administered pharmaceuticals, in which social distancing measures led to fewer veterinary visits and increased working capital across the parasiticides value chain. In consideration of all these factors, the market has been negatively impacted by the widespread COVID-19 pandemic.

Market Growth Factors

Advancing Veterinary Care Infrastructure

A significant growth element is projected to be the advancement of veterinary healthcare for livestock. Numerous governments and non-profit organizations worldwide are contributing to funding veterinary healthcare infrastructure. Modern veterinary facilities include cutting-edge medical equipment and a staff of highly trained professionals. As interest in animal healthcare grows, the market for livestock parasiticides is anticipated to grow. Privatization of government-owned businesses and introducing cost recovery were examples of institutional reforms, and eliminating tariffs and subsidies was an example of changes to financial, fiscal, and pricing policies.

Rising Number of Livestock Population

The livestock industry is a crucial part of the global food system, much as agriculture contributes to various farming systems. The consumption of animal protein has increased dramatically worldwide due to rising consumer demand for it and rising consumer preference for diets high in protein and low in fat. As a result, there are now more livestock animals. According to the Food and Agriculture Organization (FAO), livestock accounts for a sizeable portion of the value of agriculture globally.

Market Restraining Factors

Strict Regulations Defined to Use Animal Parasiticides

Most people worldwide often consume animal-based foods like meat as part of their daily diet. A different segment of the population also gets their protein from foods derived from animals. Vegetarians eat dairy products like milk and goods derived from milk. Given their direct interaction with people through food, animal-based products may be hazardous to human health. Therefore, strict regulatory rules are used by government ministries and federal entities to manage, regulate, monitor, and account for the diet, which includes food, supplements, fodder, medicines, and water.

Type Outlook

Based on type, the livestock parasiticides market is segmented into ectoparasiticides, endoparasiticides, and endectocides. In 2022, the ectoparasiticides segment held the highest revenue share in livestock parasiticides. This is because animals are becoming more infested with fleas, ticks, and other ectoparasites, raising the risk of transmitting viral, bacterial, and parasitic diseases to humans. Ectoparasiticide use is therefore necessary and crucial for animals. Numerous causes, including the rising incidence of zoonotic and animal diseases and the rising frequency of parasitic infections in animals, contribute to the rise in demand for ectoparasiticides.

End-user Outlook

On the basis of end user, the livestock parasiticides market is categorized into veterinary clinics & hospitals, and animal farms. The animal farms segment garnered a significant revenue share in the livestock parasiticides market in 2022. Farmers and government officials take every measure possible to prevent these infections by keeping animal housing clean and immunizing livestock. In addition, to combat the rising prevalence of infections among livestock, several major players and businesses worldwide are developing numerous new formulations & products in the livestock parasiticides market, supporting the segment's growth.

Livestock Outlook

By livestock, the livestock parasiticides market is fragmented into poultry, sheep & goats, cattle, and pigs. In 2022, the cattle segment witnessed the largest revenue share in the livestock parasiticides market. This rise in cattle numbers ultimately has a beneficial effect on the market for livestock parasiticides. Furthermore, as the demand for milk and other dairy products is continuously rising worldwide, the market is also predicted to grow in this segment.

Regional Outlook

Region wise, the livestock parasiticides market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the livestock parasiticides market by generating the highest revenue share. It is projected that the huge and growing animal population in the US & Canada will have a significant impact on the market growth in North America. This is backed up by a rise in veterinarian practices and simple accessibility to animal care.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Boehringer Ingelheim International GmbH, Elanco Animal Health, Inc., Virbac, Zoetis, Inc., PetIQ, Inc., Merck & Co., Inc., Vetoquinol SA, Norbrook Laboratories Limited, Bimeda, Inc., and Ceva Santé Animale.

Scope of the Study

By Type

Ectoparasiticides
Endoparasiticides
Endectocides

By End-user

Veterinary Clinics & Hospitals
Animal Farms

By Livestock

Cattle
Poultry
Sheep & Goats
Others

By Geography

North America
US
Canada
Mexico
Rest of North America

Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

LAMEA
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

Boehringer Ingelheim International GmbH
Elanco Animal Health, Inc.
Virbac
Zoetis, Inc.
PetIQ, Inc.
Merck & Co., Inc.
Vetoquinol SA
Norbrook Laboratories Limited
Bimeda, Inc.
Ceva Santé Animale

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Livestock Parasiticides Market, by Type
1.4.2 Global Livestock Parasiticides Market, by End User
1.4.3 Global Livestock Parasiticides Market, by Livestock
1.4.4 Global Livestock Parasiticides Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview

2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Global Livestock Parasiticides Market by Type

3.1 Global Ectoparasiticides Market by Region
3.2 Global Endoparasiticides Market by Region
3.3 Global Endectocides Market by Region

Chapter 4. Global Livestock Parasiticides Market by End User

4.1 Global Veterinary Clinics & Hospitals Market by Region
4.2 Global Animal Farms Market by Region

Chapter 5. Global Livestock Parasiticides Market by Livestock

5.1 Global Cattle Market by Region
5.2 Global Poultry Market by Region
5.3 Global Sheep & Goats Market by Region
5.4 Global Others Market by Region

Chapter 6. Global Livestock Parasiticides Market by Region

6.1 North America Livestock Parasiticides Market
6.1.1 North America Livestock Parasiticides Market by Type
6.1.1.1 North America Ectoparasiticides Market by Country
6.1.1.2 North America Endoparasiticides Market by Country
6.1.1.3 North America Endectocides Market by Country
6.1.2 North America Livestock Parasiticides Market by End User
6.1.2.1 North America Veterinary Clinics & Hospitals Market by Country
6.1.2.2 North America Animal Farms Market by Country
6.1.3 North America Livestock Parasiticides Market by Livestock
6.1.3.1 North America Cattle Market by Country
6.1.3.2 North America Poultry Market by Country
6.1.3.3 North America Sheep & Goats Market by Country
6.1.3.4 North America Others Market by Country
6.1.4 North America Livestock Parasiticides Market by Country
6.1.4.1 US Livestock Parasiticides Market
6.1.4.1.1 US Livestock Parasiticides Market by Type
6.1.4.1.2 US Livestock Parasiticides Market by End User
6.1.4.1.3 US Livestock Parasiticides Market by Livestock
6.1.4.2 Canada Livestock Parasiticides Market
6.1.4.2.1 Canada Livestock Parasiticides Market by Type
6.1.4.2.2 Canada Livestock Parasiticides Market by End User
6.1.4.2.3 Canada Livestock Parasiticides Market by Livestock
6.1.4.3 Mexico Livestock Parasiticides Market
6.1.4.3.1 Mexico Livestock Parasiticides Market by Type
6.1.4.3.2 Mexico Livestock Parasiticides Market by End User
6.1.4.3.3 Mexico Livestock Parasiticides Market by Livestock
6.1.4.4 Rest of North America Livestock Parasiticides Market
6.1.4.4.1 Rest of North America Livestock Parasiticides Market by Type
6.1.4.4.2 Rest of North America Livestock Parasiticides Market by End User
6.1.4.4.3 Rest of North America Livestock Parasiticides Market by Livestock
6.2 Europe Livestock Parasiticides Market
6.2.1 Europe Livestock Parasiticides Market by Type
6.2.1.1 Europe Ectoparasiticides Market by Country
6.2.1.2 Europe Endoparasiticides Market by Country
6.2.1.3 Europe Endectocides Market by Country
6.2.2 Europe Livestock Parasiticides Market by End User
6.2.2.1 Europe Veterinary Clinics & Hospitals Market by Country
6.2.2.2 Europe Animal Farms Market by Country
6.2.3 Europe Livestock Parasiticides Market by Livestock
6.2.3.1 Europe Cattle Market by Country
6.2.3.2 Europe Poultry Market by Country
6.2.3.3 Europe Sheep & Goats Market by Country
6.2.3.4 Europe Others Market by Country
6.2.4 Europe Livestock Parasiticides Market by Country
6.2.4.1 Germany Livestock Parasiticides Market
6.2.4.1.1 Germany Livestock Parasiticides Market by Type
6.2.4.1.2 Germany Livestock Parasiticides Market by End User
6.2.4.1.3 Germany Livestock Parasiticides Market by Livestock
6.2.4.2 UK Livestock Parasiticides Market
6.2.4.2.1 UK Livestock Parasiticides Market by Type
6.2.4.2.2 UK Livestock Parasiticides Market by End User
6.2.4.2.3 UK Livestock Parasiticides Market by Livestock
6.2.4.3 France Livestock Parasiticides Market
6.2.4.3.1 France Livestock Parasiticides Market by Type
6.2.4.3.2 France Livestock Parasiticides Market by End User
6.2.4.3.3 France Livestock Parasiticides Market by Livestock
6.2.4.4 Russia Livestock Parasiticides Market
6.2.4.4.1 Russia Livestock Parasiticides Market by Type
6.2.4.4.2 Russia Livestock Parasiticides Market by End User
6.2.4.4.3 Russia Livestock Parasiticides Market by Livestock
6.2.4.5 Spain Livestock Parasiticides Market
6.2.4.5.1 Spain Livestock Parasiticides Market by Type
6.2.4.5.2 Spain Livestock Parasiticides Market by End User
6.2.4.5.3 Spain Livestock Parasiticides Market by Livestock
6.2.4.6 Italy Livestock Parasiticides Market
6.2.4.6.1 Italy Livestock Parasiticides Market by Type
6.2.4.6.2 Italy Livestock Parasiticides Market by End User
6.2.4.6.3 Italy Livestock Parasiticides Market by Livestock
6.2.4.7 Rest of Europe Livestock Parasiticides Market
6.2.4.7.1 Rest of Europe Livestock Parasiticides Market by Type
6.2.4.7.2 Rest of Europe Livestock Parasiticides Market by End User
6.2.4.7.3 Rest of Europe Livestock Parasiticides Market by Livestock
6.3 Asia Pacific Livestock Parasiticides Market
6.3.1 Asia Pacific Livestock Parasiticides Market by Type
6.3.1.1 Asia Pacific Ectoparasiticides Market by Country
6.3.1.2 Asia Pacific Endoparasiticides Market by Country
6.3.1.3 Asia Pacific Endectocides Market by Country
6.3.2 Asia Pacific Livestock Parasiticides Market by End User
6.3.2.1 Asia Pacific Veterinary Clinics & Hospitals Market by Country
6.3.2.2 Asia Pacific Animal Farms Market by Country
6.3.3 Asia Pacific Livestock Parasiticides Market by Livestock
6.3.3.1 Asia Pacific Cattle Market by Country
6.3.3.2 Asia Pacific Poultry Market by Country
6.3.3.3 Asia Pacific Sheep & Goats Market by Country
6.3.3.4 Asia Pacific Others Market by Country
6.3.4 Asia Pacific Livestock Parasiticides Market by Country
6.3.4.1 China Livestock Parasiticides Market
6.3.4.1.1 China Livestock Parasiticides Market by Type
6.3.4.1.2 China Livestock Parasiticides Market by End User
6.3.4.1.3 China Livestock Parasiticides Market by Livestock
6.3.4.2 Japan Livestock Parasiticides Market
6.3.4.2.1 Japan Livestock Parasiticides Market by Type
6.3.4.2.2 Japan Livestock Parasiticides Market by End User
6.3.4.2.3 Japan Livestock Parasiticides Market by Livestock
6.3.4.3 India Livestock Parasiticides Market
6.3.4.3.1 India Livestock Parasiticides Market by Type
6.3.4.3.2 India Livestock Parasiticides Market by End User
6.3.4.3.3 India Livestock Parasiticides Market by Livestock
6.3.4.4 South Korea Livestock Parasiticides Market
6.3.4.4.1 South Korea Livestock Parasiticides Market by Type
6.3.4.4.2 South Korea Livestock Parasiticides Market by End User
6.3.4.4.3 South Korea Livestock Parasiticides Market by Livestock
6.3.4.5 Singapore Livestock Parasiticides Market
6.3.4.5.1 Singapore Livestock Parasiticides Market by Type
6.3.4.5.2 Singapore Livestock Parasiticides Market by End User
6.3.4.5.3 Singapore Livestock Parasiticides Market by Livestock
6.3.4.6 Malaysia Livestock Parasiticides Market
6.3.4.6.1 Malaysia Livestock Parasiticides Market by Type
6.3.4.6.2 Malaysia Livestock Parasiticides Market by End User
6.3.4.6.3 Malaysia Livestock Parasiticides Market by Livestock
6.3.4.7 Rest of Asia Pacific Livestock Parasiticides Market
6.3.4.7.1 Rest of Asia Pacific Livestock Parasiticides Market by Type
6.3.4.7.2 Rest of Asia Pacific Livestock Parasiticides Market by End User
6.3.4.7.3 Rest of Asia Pacific Livestock Parasiticides Market by Livestock
6.4 LAMEA Livestock Parasiticides Market
6.4.1 LAMEA Livestock Parasiticides Market by Type
6.4.1.1 LAMEA Ectoparasiticides Market by Country
6.4.1.2 LAMEA Endoparasiticides Market by Country
6.4.1.3 LAMEA Endectocides Market by Country
6.4.2 LAMEA Livestock Parasiticides Market by End User
6.4.2.1 LAMEA Veterinary Clinics & Hospitals Market by Country
6.4.2.2 LAMEA Animal Farms Market by Country
6.4.3 LAMEA Livestock Parasiticides Market by Livestock
6.4.3.1 LAMEA Cattle Market by Country
6.4.3.2 LAMEA Poultry Market by Country
6.4.3.3 LAMEA Sheep & Goats Market by Country
6.4.3.4 LAMEA Others Market by Country
6.4.4 LAMEA Livestock Parasiticides Market by Country
6.4.4.1 Brazil Livestock Parasiticides Market
6.4.4.1.1 Brazil Livestock Parasiticides Market by Type
6.4.4.1.2 Brazil Livestock Parasiticides Market by End User
6.4.4.1.3 Brazil Livestock Parasiticides Market by Livestock
6.4.4.2 Argentina Livestock Parasiticides Market
6.4.4.2.1 Argentina Livestock Parasiticides Market by Type
6.4.4.2.2 Argentina Livestock Parasiticides Market by End User
6.4.4.2.3 Argentina Livestock Parasiticides Market by Livestock
6.4.4.3 UAE Livestock Parasiticides Market
6.4.4.3.1 UAE Livestock Parasiticides Market by Type
6.4.4.3.2 UAE Livestock Parasiticides Market by End User
6.4.4.3.3 UAE Livestock Parasiticides Market by Livestock
6.4.4.4 Saudi Arabia Livestock Parasiticides Market
6.4.4.4.1 Saudi Arabia Livestock Parasiticides Market by Type
6.4.4.4.2 Saudi Arabia Livestock Parasiticides Market by End User
6.4.4.4.3 Saudi Arabia Livestock Parasiticides Market by Livestock
6.4.4.5 South Africa Livestock Parasiticides Market
6.4.4.5.1 South Africa Livestock Parasiticides Market by Type
6.4.4.5.2 South Africa Livestock Parasiticides Market by End User
6.4.4.5.3 South Africa Livestock Parasiticides Market by Livestock
6.4.4.6 Nigeria Livestock Parasiticides Market
6.4.4.6.1 Nigeria Livestock Parasiticides Market by Type
6.4.4.6.2 Nigeria Livestock Parasiticides Market by End User
6.4.4.6.3 Nigeria Livestock Parasiticides Market by Livestock
6.4.4.7 Rest of LAMEA Livestock Parasiticides Market
6.4.4.7.1 Rest of LAMEA Livestock Parasiticides Market by Type
6.4.4.7.2 Rest of LAMEA Livestock Parasiticides Market by End User
6.4.4.7.3 Rest of LAMEA Livestock Parasiticides Market by Livestock

Chapter 7. Company Profiles

7.1 Boehringer Ingelheim International Gmbh
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional & Segmental Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.2 Elanco Animal Health, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Acquisition and Mergers:
7.3 Virbac
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Product Launches and Product Expansions:
7.4 Zoetis, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Acquisition and Mergers:
7.5 PetIQ, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.6 Merck & Co., Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.7 Vetoquinol SA (Soparfin SCA)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.8 Norbrook Laboratories Limited
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 Bimeda, Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
7.10. Ceva Santé Animale
7.10.1 Company Overview

Companies Mentioned

Boehringer Ingelheim International GmbH
Elanco Animal Health, Inc.
Virbac
Zoetis, Inc.
PetIQ, Inc.
Merck & Co., Inc.
Vetoquinol SA
Norbrook Laboratories Limited
Bimeda, Inc.
Ceva Santé Animale

Methodology

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