The latest report by IMARC Group, titled “Animal Parasiticides Market Report by Type (Ectoparasiticides, Endoparasiticides, Endectocides), Animal Type (Companion Animals, Livestock Animals), End User (Veterinary Clinics and Hospitals, Animal Farms, Home Care Settings), and Region 2025-2033“, The global animal parasiticides market size reached USD 10.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.58% during 2025-2033.Animal parasiticides encompass a variety of pharmaceutical products aimed at controlling and managing parasitic infestations in animals. These infestations, which can be caused by numerous parasites such as fleas, ticks, mites, and worms, may result in discomfort, disease, and even death in affected animals. The use of parasiticides is essential for preserving the health and welfare of pets, livestock, and other animals, thereby ensuring their optimal functioning and quality of life. These products are developed through careful research and formulation, specifically targeting certain parasites while prioritizing the safety of both the animal and the environment. They are offered in multiple forms, including topical applications, oral treatments, and collars.
Animal Parasiticides Market Trends and Drivers:
One of the key elements influencing the market is the growing awareness among pet owners and livestock producers about the significance of parasite management in animals. As knowledge increases regarding the health risks associated with parasites, there is a corresponding rise in the demand for effective parasiticide options. Moreover, the expansion of pet ownership is another critical factor contributing to market growth. With urbanization on the rise and lifestyle changes occurring, an increasing number of households are embracing pets as cherished family members. This surge in pet ownership enhances the demand for products that protect pets from parasitic infestations, thereby stimulating the market for companion animal parasiticides. Additionally, the global livestock sector is essential in driving the need for animal parasiticides. As the global population continues to grow, the necessity for efficient livestock production to satisfy the demand for animal-based products also increases. Consequently, effective livestock health management becomes vital, with parasiticides playing a crucial role in mitigating losses caused by parasitic infections.
Top Animal Parasiticides Market Leaders:
Bimeda Group
Boehringer Ingelheim GmbH
Ceva Santé Animale
Merck & Co. Inc.
Norbrook Laboratories Limited
PetIQ LLC
Vetoquinol S.A.
Virbac
Zoetis Inc.
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