Veterinary Parasiticides

Global Veterinary Parasiticides Market to Reach US$15.7 Billion by 2030

The global market for Veterinary Parasiticides estimated at US$10.0 Billion in the year 2024, is expected to reach US$15.7 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2024-2030. Production Animal, one of the segments analyzed in the report, is expected to record a 8.8% CAGR and reach US$11.6 Billion by the end of the analysis period. Growth in the Companion Animal segment is estimated at 5.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.7 Billion While China is Forecast to Grow at 12.3% CAGR

The Veterinary Parasiticides market in the U.S. is estimated at US$2.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 12.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.8% and 7.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Global Veterinary Parasiticides Market – Key Trends & Drivers Summarized

Why Is the Demand for Veterinary Parasiticides Growing Rapidly?

The veterinary parasiticides market is witnessing significant growth as pet owners and livestock farmers seek effective solutions for controlling parasitic infestations that impact animal health and productivity. Parasitic infections caused by fleas, ticks, mites, lice, and internal worms are among the most common health concerns affecting both companion animals and food-producing livestock. These infestations not only cause discomfort and illness in animals but also lead to reduced weight gain, lower milk production, and reproductive issues in farm animals, resulting in substantial economic losses for the livestock industry. Additionally, with increasing awareness of zoonotic diseases transmitted by parasites, there is growing emphasis on preventive healthcare measures, driving the demand for advanced antiparasitic treatments. Pet owners, particularly in urban areas, are now more proactive in using flea and tick prevention products, contributing to the widespread adoption of veterinary parasiticides. Regulatory bodies are also reinforcing parasite control measures through strict animal health guidelines, further boosting the market for effective parasitic treatments.

What Are the Latest Innovations in Veterinary Parasiticides?

Advancements in veterinary parasiticides have led to the development of highly effective and convenient formulations that offer extended protection against a wide range of parasites. One of the most notable innovations is the introduction of long-acting oral and injectable parasiticides, which provide month-long or even multi-month protection, eliminating the need for frequent reapplications. The rise of isoxazoline-based oral treatments has revolutionized flea and tick control in companion animals, offering rapid and sustained efficacy with minimal side effects. Additionally, combination parasiticides that target multiple parasites simultaneously, including endoparasites and ectoparasites, are becoming increasingly popular among pet owners seeking comprehensive protection for their animals. In the livestock sector, the use of pour-on and injectable parasiticides has significantly improved parasite control efficiency, reducing stress on animals compared to traditional dipping and spraying methods. Another key innovation is the development of parasiticides infused with plant-based bioactive compounds, catering to the growing demand for natural and eco-friendly alternatives. As research into parasite resistance continues, pharmaceutical companies are investing in novel active ingredients and combination therapies to combat emerging resistance issues and improve long-term effectiveness.

What Challenges Exist in the Veterinary Parasiticides Market?

Despite advancements in veterinary parasiticides, several challenges hinder market growth and product effectiveness. One of the biggest concerns is the increasing prevalence of parasite resistance to commonly used antiparasitic drugs, particularly in livestock, where prolonged exposure to certain compounds has led to reduced efficacy. This has prompted the need for continuous research and development of new active ingredients and treatment strategies. Additionally, stringent regulatory approvals for parasiticide formulations pose challenges for manufacturers, as extensive testing is required to ensure safety and environmental impact compliance. Concerns about chemical residues in animal-derived food products have also led to tighter regulations on parasiticide use in livestock, further complicating market dynamics. Another challenge is consumer hesitation regarding the potential side effects of chemical-based treatments, driving demand for safer, natural alternatives that require further research and validation. The high cost of innovative parasiticides can also be a deterrent, particularly for large-scale livestock farmers in developing regions with budget constraints. Addressing these challenges requires a balanced approach between innovation, regulatory compliance, and education on responsible parasiticide use to minimize resistance and maximize treatment efficacy.

What Are the Key Growth Drivers of the Veterinary Parasiticides Market?

The growth in the veterinary parasiticides market is driven by several factors, including increasing pet adoption, rising incidences of parasitic infestations, and advancements in product formulations. The expanding urban pet population, coupled with higher spending on pet health, has led to greater demand for convenient and effective parasite control solutions. The livestock industry’s focus on improving productivity and minimizing losses due to parasitic infections has also contributed to the strong demand for veterinary parasiticides. The introduction of novel, long-lasting formulations has improved compliance among pet owners and farmers, further driving market adoption. Additionally, increased awareness campaigns by government agencies and veterinary organizations have emphasized the importance of parasite control, boosting sales of preventive treatments. As pharmaceutical companies continue to invest in research and development, the market is expected to grow steadily, providing more advanced, efficient, and safe solutions for parasite control in animals.

SCOPE OF STUDY:

The report analyzes the Veterinary Parasiticides market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Animal Type (Production Animal, Companion Animal); Product (Ectoparasiticides, Endoparasiticides, Endectocides); Administration Route (Oral, Injectable, Topical); Distribution Channel (Retail, E-Commerce, Hospital / Clinic Pharmacy, Others)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 43 Featured) -

• AB Vista
• Alltech
• Bayer AG
• Biomin Holding GmbH
• Boehringer Ingelheim
• Bupo Animal Health
• Cargill Inc.
• Ceva Santé Animale
• Chr. Hansen A/S
• Danisco A/S
• Dechra Pharmaceuticals PLC
• DSM N.V.
• Elanco Animal Health Incorporated
• Eli Lilly and Company
• Merck & Co., Inc.
• Novus International Inc.
• Perrigo Company PLC
• Phibro Animal Health Corporation
• Sanofi
• Vetoquinol S.A.

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