Animal Parasiticides Market by Manufacturers, Regions, Type and Application

1. Animal Parasiticides Market Future Challenges and Industry Growth Outlook 2032

2. Industry Insights • Animal Parasiticides Market is projected to exhibit decent growth between 2023 and 2032, driven by the high demand for animal protein in human food. • Food acts as an important medium to transmit food-borne pathogens. • The increasing consumption of animal-derived food products and the rising prevalence of food-borne and zoonotic diseases have accentuated the usage of animal parasiticides to reduce the risk factors associated with these diseases. • Moreover, a noticeable rise in the pet population worldwide has presented several growth opportunities to industry participants. To cite an instance, Merck Animal Health, an animal healthcare company, announced the approval from the Australian Pesticides and Veterinary Medicines Authority for a novel injectable formulation of BRAVECTO® (fluralaner) for treating and preventing flea infestations, control of paralysis ticks, control of brown dog ticks, and control of flea allergy dermatitis.

3. The animal parasiticides market is segmented by animal product, end-use, and region. • Based on product, the animal parasiticides market from the endectocides segment is projected to witness more than 5.5% CAGR from 2023 to 2032. • The rising usage of endectocides in peridomestic cattle and other livestock animals can drastically decrease the number of zoophagic parasites, thereby contributing to product sales. Furthermore, utilization of livestock-administered endectocides has been analyzed as a feasible and acceptable technique for controlling animal-feeding malaria vector species throughout African countries, which is anticipated to boost product demand over the next ten years. • Regarding the end-use, the animal parasiticides market from the veterinary hospitals and clinics segment is expected to amass significant revenue share by 2032. The increased use of animal parasiticides in healthcare facilities and the surging incidences of parasitic infections will promote industry growth. • Moreover, the rising concerns about animal health in developing nations is one of the key factors contributing to the segment growth over 2023-2032.

4. Regional Analysis • From a regional perspective, Europe animal parasiticides market is expected to surpass USD 5 billion by 2032, owing to the high R&D spending and the growing awareness about animal health. Additionally, the ongoing development of advanced veterinary healthcare infrastructure and the rising adoption of pet insurance are expected to foster regional industry growth. • Competitive Analysis • Leading companies operating in this business include Zoetis Inc., Merck & Co., Inc., Elanco Animal Health Incorporated, Boehringer Ingelheim International GmbH, Ceva Sante Animale, Virbac, Vetoquinol S.A., PetIQ, LLC., Norbrook, Bimeda, Inc.

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