Animal Parasiticides Market Size By Product (Ectoparasiticides {Sprays, Dips, Collars, Pour-ons and Spot-ons, Ear Tags}, Endoparasiticides {Injectables, Orals, Feed Additives}, Endectocides], By Animal Type (Farm Animals, Companion Animals), Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Sep 2019  |  Report ID: GMI2114  |  Authors: Sumant Ugalmugale

Report Format: PDF   |   Pages: 130   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Animal Parasiticides Market valued over USD 5.2 billion in 2018 and is expected to witness more than 4% CAGR from 2019 to 2025.
 

China Animal Parasiticides Market Size, By Product, 2018 & 2025 (USD Million)

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Increasing incidence of parasitic infestation in pets, livestock and other animals has created lucrative growth opportunities for the veterinary parasiticides market. Rising demand of animal parasiticides used for better treatment in pets and livestock has elevated the use of parasiticide products, thereby benefiting the market growth over the coming years.
 

Rising awareness about animal healthcare, growing concern about zoonotic diseases and increasing investment in development of innovative veterinary healthcare products will positively impact the business growth. Growing expenditure on veterinary healthcare and adoption of pets is also a key factor for the rising popularity of animal parasiticides products. With an elevated production by farm animals, the chances of parasitic infection increases especially in developing countries due to sub-optimal conditions, ultimately leading to loss of production.
 

Several drugs and vaccines have been developed that are easily accessible to farmers to have control over parasitic infection. For instance, several anthelmintic drugs such as Benzimidazole, Levamisole, Macrocyclic lactones to treat gut form infections are easily available in the market. Rising awareness about improved veterinary treatment methods among the consumers has increased the demand for advance medicines, by creating better growth opportunities for the major market players over the forecast timeframe.
 

However, with stringent regulations for approval of animal parasiticides in food producing animals and growing preference of vegetarian lifestyle may hamper the growth of animal parasiticides market during the projected timeline.
 

Animal Parasiticides Market Report Coverage
Report Coverage Details
Base Year: 2018
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Pages: 130 Tables, Charts & Figures: 86
Geographies covered (18): U.S., Canada, Germany, UK, Spain, Italy, France, Poland, Russia, China, Japan, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia
Segments covered: Product, and Region
Companies covered (10): Zoetis, Merck, Elanco, Bayer Animal Health, Boehringer Ingelheim Animal Health, Ceva Sante Animale, Virbac, Sanofi, Vetoquinol, Perrigo Company PLC

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Animal Parasiticides Industry, By Product

Ectoparasiticides market will witness growth of over 4.0% during the forecast period. Increasing use of ectoparasiticides for the treatment of insect infestation in animals and growing investment in development of new veterinary products will elevate the business growth over the analysis period. Moreover, economic, environment friendly, ready-to-use and quick product preparation of pour-ons over the other methods will surge the use of ectoparasiticides over the coming years thereby, positively stimulating the industry growth. 
 

Endectocides market is projected to grow significantly during the forecast timeframe to reach USD 1.3 billion by 2025. The increase in use of endectocides can be attributed to low mammalian toxicity, convenience to use and the broad-spectrum activity against arthropods and nematodes, making it an ideal solution for animal healthcare management.
 

Animal Parasiticides Market, By Animal Type

Germany Animal Parasiticides Market Share, By Animal Type, 2018
Germany Animal Parasiticides Market Share, By Animal Type, 2018

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Companion animals segment accounted for over USD 1.7 billion in 2018. According to the American Pets Products Association (APPA), approximately 68% of U.S. households own a pet. Various type of zoonotic diseases and communicable nature of these conditions to humans are driving the market growth. Additionally, increasing pet ownership, growing pet healthcare concerns and rising incidence of zoonotic and food borne disease will result in lucrative growth of this market.
 

The farm animal market is estimated to witness more than 4.5% CAGR during the forecast period owing to rising demand of animal food and growing concern for quality in meat and other animal products. Furthermore, increasing consumption of animal by-products and growing investment in animal healthcare expenditure will augment the market growth.
 

Animal Parasiticides Market, By Region

Europe Animal Parasiticides Market Share, By Country, 2025 (USD Million)
Europe Animal Parasiticides Market Share, By Country, 2025 (USD Million)

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Increase in adoption of pets and growing demand for animal by-products have stimulated the demand for animal parasiticides in the U.S. resulting in USD 1.3 billion market size of U.S. animal parasiticides industry by 2025. High prevalence of insect infestation in animals and growing concern for animal healthcare among the owners will elevate the use of animal parasiticides. Moreover, presence of major market players in the country and increasing investment in the research and development of new veterinary products will support the growth of veterinary healthcare market over the projected period.
 

India market accounted for over USD 250 million in 2018 and is anticipated to witness substantial growth in the future. Increasing number of farm animals and growing demand for quality meat and animal by products will elevate the market growth. Additionally, rising adoption of companion animals, increasing awareness about animal healthcare products and rising investment by major market players focusing on establishing their strong foothold in the lucrative market will stimulate the business
growth over the foreseeable period.
 

Competitive Market Share

Some of the major market players of global animal parasiticides market are Merck, Zoetis, Elanco, Boehringer Ingelheim Animal Health, Bayer Animal Health, Ceva Sante Animale, Virbac, Perrigo Company PLC, Sanofi, and Vetoquinol. These companies are adopting various strategies to gain competitive advantage as well as increase the company’s product sales including high investment in research and development of advance veterinary parasiticide products. Strategic partnerships with major market players are also one of the major strategies adopted by these companies to strengthen their market position.
 

Recent industry developments:

  • In August 2019, Elanco purchased Bayer animal healthcare business, making Elanco second largest player in the veterinary pharmaceutical market. The acquisition aimed at improving Elanco’s position in the veterinary market by expanding its product portfolio and strengthening its market position.
     
  • In July 2018, Bayer Animal Healthcare signed a licensed agreement with Mitsui Chemicals Agro to expand its parasiticides product portfolio for companion animals. The agreement helped company to expand its product portfolio as well as elevate its position in the animal healthcare market.  
     

Animal Parasiticides Industry Background

Veterinary healthcare and management have been evolving since centuries. With development of first veterinary school in 1762, animal healthcare has received recognition worldwide. The discovery of novel animal parasiticides has been driven by the need to broaden the effectiveness and spectrum of parasiticide activity. Since the launch of first parasiticide, extensive research has been conducted in order to screen the parasiticide activity of compounds to improve the efficiency of the product. The primary focus of researchers has been to control helminth, arthropod and protozoan parasites in animals, along with maximum productivity to livestock producers. In 1985, Virbac, formulated a parasiticide drug for the treatment of ruminants. This research has augmented the growth of animal parasiticide industry by advancing the development of modern medicines aimed at promoting animal healthcare. Researchers have formulated new medicines after identifying the increasing advent of infections by parasites in animals by re-examining their research and drug formulation for parasite infection. Animal parasiticides industry reinforces its business by making new collaboration with existing market players. This helps the industry to grow by development of innovative products and lead optimization in the research and development structure.


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