Report Code: CMI28944

Published Date: August 2023

Pages: 220+

Category: Healthcare

Report Snapshot

CAGR: 5.9%
11.99B
2022
12.48B
2023
16.98B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Zoetis Inc
  • Merck Animal Health
  • Elanco Animal Health
  • Boehringer Ingelheim
  • Bayer AG
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Animal Parasiticides Market is expected to record a CAGR of 5.9% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 11.99 Billion. By 2032, the valuation is anticipated to reach USD 16.98 Billion.

The term “parasite” pertains to an organism that lives off, within, or alongside another organism known as the “host.” Animal parasiticides are specifically designed to target and manage these parasites, safeguarding the health and well-being of animals in the process.

These products find application across a wide spectrum of animals, encompassing household pets like dogs, cats, and horses, as well as livestock such as cattle, sheep, and poultry, and even occasionally in exotic species. Animal parasiticides serve the purpose of eradicating both internal parasites (endoparasites) and external parasites (ectoparasites) that reside within or on an animal.

Ectoparasiticides are formulated to combat and eliminate external parasites like fleas, ticks, lice, mites, and flies that infest an animal’s skin, coat, or feathers.

On the other hand, endoparasiticides are employed to treat internal parasites such as worms, which encompass roundworms, tapeworms, and hookworms, residing within an animal’s gastrointestinal tract or other organs.

Companion animals like dogs, cats, and horses are among the beneficiaries of animal parasiticides. These products play a pivotal role in managing and preventing infestations of fleas, ticks, mites, lice, and worms in these animals.

Available in various forms like collars, shampoos, sprays, and oral medications, parasiticides are tailored for use on companion animals. In the realm of livestock, including cattle, sheep, pigs, poultry, and others, animal parasiticides hold paramount importance for controlling parasites. The effective management of parasites in these animals hinges heavily upon the deployment of animal parasiticides.

Animal Parasiticides Market – Significant Growth Factors

  • Rising Pet Ownership and Awareness: The growing number of companion animals, including dogs, cats, and horses, coupled with increased awareness about the importance of pet health, has spurred the demand for effective parasiticides to protect these animals from various parasites.
  • Increasing Livestock Production: The expansion of the livestock industry, driven by the rising global demand for animal-derived products, has heightened the need for effective parasite control measures. Parasiticides are essential for maintaining the health and productivity of livestock such as cattle, sheep, and poultry.
  • Growing Zoonotic Disease Concerns: The prevalence of zoonotic diseases, which can be transmitted between animals and humans, has emphasized the importance of parasite control in animals. Parasiticides play a crucial role in reducing the risk of zoonotic infections.
  • Advancements in Veterinary Medicine: Ongoing advancements in veterinary science have led to the development of more targeted and effective parasiticide formulations. Newer products offer improved efficacy, reduced side effects, and ease of administration.
  • Resistance Management: The emergence of parasite resistance to existing treatments has driven the need for novel parasiticides with different modes of action. This demand for effective resistance management fuels innovation in the field.
  • Stringent Regulatory Standards: Stringent regulations and standards governing animal health and welfare have compelled the use of safe and effective parasiticides. Compliance with these standards drives market growth.
  • Globalization of Trade: The globalization of trade in animals and animal products has raised the risk of introducing new parasites to different regions. This has increased the need for stringent parasite control measures.
  • Economic Impacts on Livestock: Parasite infestations in livestock can lead to economic losses due to decreased productivity, weight gain, and fertility. Effective parasiticide use helps mitigate these losses.
  • Increase in Exotic Pets: The popularity of exotic pets has grown, leading to greater awareness about the need for specialized parasiticides to protect these unique animals from a variety of parasites.
  • Veterinary Healthcare Infrastructure: The expansion of veterinary healthcare facilities and services, especially in developing regions, has facilitated greater access to parasiticides for both companion animals and livestock.
  • Focus on Animal Welfare: Societal shifts toward better animal welfare practices have led to increased demand for parasite control products that not only effectively manage parasites but also minimize potential harm to animals and the environment.

Global Animal Parasiticides Market 2023–2032 (By Type)

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Animal Parasiticides Market – Mergers and Acquisitions

  • Zoetis – Pfizer Animal Health Division: Zoetis, a leading animal health company, was spun off from Pfizer and subsequently acquired the Pfizer Animal Health division. This acquisition significantly bolstered Zoetis’ position in the animal parasiticides market, expanding its range of products and global reach.
  • Elanco – Bayer Animal Health Division: Elanco Animal Health acquired Bayer’s Animal Health division, including its animal parasiticides portfolio. This acquisition enhanced Elanco’s offerings in various animal health segments, including parasiticides for both companion animals and livestock.
  • Boehringer Ingelheim – Merial Animal Health Business: Boehringer Ingelheim’s acquisition of Merial from Sanofi led to the consolidation of two major players in the animal health industry. This strategic move expanded Boehringer Ingelheim’s presence in the parasiticides market.
  • Ceva Santé Animale – Sogeval Laboratories: Ceva Santé Animale, a global veterinary pharmaceutical company, acquired Sogeval Laboratories to strengthen its position in the animal parasiticides market. This acquisition added to Ceva’s portfolio of products for companion animals.
  • Vetoquinol – Bioniche Animal Health Business: Vetoquinol, a veterinary pharmaceutical company, acquired the animal health business of Bioniche Life Sciences. This acquisition broadened Vetoquinol’s portfolio to include parasiticides for various animal species.
  • Dechra Pharmaceuticals – Genera Inc.: Dechra Pharmaceuticals acquired Genera Inc., a company specializing in parasiticide products for pets. This acquisition expanded Dechra’s product offerings in the parasiticides segment.
  • Idexx Laboratories – Cornerstone Software: While not a direct parasiticide-related acquisition, Idexx Laboratories’ acquisition of Cornerstone Software highlighted the significance of integrated software solutions for managing veterinary practices, including the prescription and administration of parasiticides.
  • Virbac – Néovia Group: Virbac, a global animal health company, acquired the Néovia Group’s animal health business. This acquisition expanded Virbac’s product range, including parasiticides, for livestock and companion animals.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Animal Parasiticides Market Animal Healthcare Market Veterinary Vaccine Market
CAGR 5.9% (Approx) CAGR 10.7% (Approx) CAGR 5% (Approx)
USD 16.98 Billion by 2032 USD 94.8 Billion by 2030 USD 15 Billion by 2030

Animal Parasiticides Market – Significant Threats

  • Parasite Resistance: Parasite populations can develop resistance to commonly used parasiticides over time. This phenomenon reduces the effectiveness of existing treatments, necessitating the development of new products and strategies to combat resistant parasites.
  • Regulatory Hurdles: Evolving regulations related to animal health, safety, and environmental impact can pose challenges for the development, approval, and marketing of parasiticide products. Compliance with these regulations is essential but can be complex.
  • Generic Competition: The expiration of patents for established parasiticide products can lead to the entry of generic versions. Generic competition can erode market share and exert downward pressure on prices.
  • Adverse Effects and Safety Concerns: Reports of adverse effects or safety concerns related to specific parasiticide products can lead to public outcry, regulatory scrutiny, and product recalls, tarnishing the reputation of manufacturers.
  • Alternative Therapies: Growing interest in alternative and natural therapies for parasite control can divert attention and demand away from conventional parasiticides. This trend could impact market growth.
  • Economic Fluctuations: Economic downturns can impact consumer spending on pet care and livestock management, potentially affecting the demand for parasiticide products.
  • Zoonotic Disease Outbreaks: Outbreaks of zoonotic diseases (those that can be transmitted from animals to humans) can lead to shifts in public perception and behavior, influencing the demand for and use of parasiticides.
  • Environmental Concerns: The environmental impact of parasiticide use, particularly in terms of residues in water bodies and effects on non-target species, can lead to increased scrutiny and regulatory restrictions.
  • Consumer Preferences: Changing consumer preferences, such as a shift toward organic and natural products, can impact demand for conventional parasiticide products.
  • Rapid Technological Advances: Technological advancements in genetics, biotechnology, and vaccine development could potentially offer alternatives to traditional parasiticides, challenging their market dominance.
  • Public Perception and Animal Welfare: Heightened public awareness about animal welfare and ethical treatment could drive demand for alternatives to chemical-based parasiticides, impacting market growth.
  • Global Health Events: Unforeseen events like pandemics, outbreaks, or natural disasters can disrupt supply chains, manufacturing, and distribution of parasiticide products.
  • Trade Restrictions and Import Regulations: International trade restrictions, import regulations, and quarantine requirements can affect the movement and distribution of parasiticide products across borders.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 12.48 Billion
Projected Market Size in 2032 USD 16.98 Billion
Market Size in 2022 USD 11.99 Billion
CAGR Growth Rate 5.9% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Animal Type, End User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

  • By Type: Categorized by type, the market is segmented into Ectoparasiticides, Endoparasiticides, and Endectocides. Notably, the Ectoparasiticides segment holds the largest market share. Ectoparasiticides are specialized medications designed to target and eliminate external parasites that afflict animals. These parasites, which can cause various health complications and discomfort for animals, encompass ticks, fleas, lice, mites, and flies. Ectoparasiticides are available in a diverse array of formulations, including sprays, powders, dips, spot-on applications, collars, and pour-on treatments.
  • By Animal Type: Segmented by animal type, the market is categorized into Companion Animals and Livestock Animals. Notably, the Companion Animal segment dominates the market in terms of share. Companion Animals encompass domesticated pets, including dogs, cats, and occasionally other creatures like rabbits, birds, or small mammals. These animals are cherished for companionship, entertainment, and emotional comfort. Pets are susceptible to an array of internal and external parasites, such as fleas, ticks, mites, worms, and other bothersome pests.

Global Animal Parasiticides Market 2023–2032 (By Billion)

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Animal Parasiticides Market – Regional Analysis

  • North America: North America holds a substantial share in the Animal Parasiticides Market due to high pet ownership rates, advanced veterinary care, and a robust livestock industry. Stringent regulations on animal health and welfare drive the demand for effective parasiticides.
  • Europe: Europe’s mature veterinary industry and emphasis on animal health contribute to a significant market presence. Growing concerns about zoonotic diseases and the increasing awareness of pet well-being drive the adoption of parasiticides.
  • Asia-Pacific: The Asia-Pacific region experiences rapid market growth due to the expanding middle-class population, urbanization, and increased pet ownership. Emerging economies like China and India drive demand for both companion animal and livestock parasiticides.
  • Latin America: Latin America’s livestock industry and the growing demand for meat products contribute to the demand for livestock parasiticides. Rising disposable incomes and changing pet ownership trends also fuel the companion animal segment.
  • Middle East and Africa: The Middle East and Africa region’s livestock farming and the presence of exotic animal species contribute to the demand for parasiticides. Economic growth and improving veterinary infrastructure play a role in market expansion.

Global Animal Parasiticides Market 2023–2032 (By Animal Type)

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List of the prominent players in the Animal Parasiticides Market:

  • Zoetis Inc
  • Merck Animal Health
  • Elanco Animal Health
  • Boehringer Ingelheim
  • Bayer AG
  • Ceva Sante Animale
  • Virbac
  • EMA
  • IDEXX Laboratories Inc
  • Chanelle Pharma Group
  • Others

The Animal Parasiticides Market is segmented as follows:

By Type

  • Ectoparasiticides
  • Endoparasiticides
  • Endectocides

By Animal Type

  • Companion Animals
  • Livestock Animals

By End User

  • Veterinary Clinics & Hospitals
  • Animal Farms
  • Home Care Settings

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Animal Parasiticides Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Animal Parasiticides Market : snapshot
  • Chapter 3. Global Animal Parasiticides Market – Industry Analysis
    • 3.1 Animal Parasiticides Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising Pet Ownership and Awareness
      • 3.2.2 Increasing Livestock Production
      • 3.2.3 Growing Zoonotic Disease Concerns
      • 3.2.4 Advancements in Veterinary Medicine
      • 3.2.5 Resistance Management
      • 3.2.6 Stringent Regulatory Standards
      • 3.2.7 Globalization of Trade
      • 3.2.8 Economic Impacts on Livestock
      • 3.2.9 Increase in Exotic Pets
      • 3.2.10 Veterinary Healthcare Infrastructure
      • 3.2.11 Focus on Animal Welfare.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Animal Type
      • 3.7.3 Market attractiveness analysis By End User
  • Chapter 4. Global Animal Parasiticides Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Animal Parasiticides Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Animal Parasiticides Market – Type Analysis
    • 5.1 Global Animal Parasiticides Market overview: By Type
      • 5.1.1 Global Animal Parasiticides Market share, By Type, 2022 and – 2033
    • 5.2 Ectoparasiticides
      • 5.2.1 Global Animal Parasiticides Market by Ectoparasiticides, 2024 – 2033 (USD Billion)
    • 5.3 Endoparasiticides
      • 5.3.1 Global Animal Parasiticides Market by Endoparasiticides, 2024 – 2033 (USD Billion)
    • 5.4 Endectocides
      • 5.4.1 Global Animal Parasiticides Market by Endectocides, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Animal Parasiticides Market – Animal Type Analysis
    • 6.1 Global Animal Parasiticides Market overview: By Animal Type
      • 6.1.1 Global Animal Parasiticides Market share, By Animal Type, 2022 and – 2033
    • 6.2 Companion Animals
      • 6.2.1 Global Animal Parasiticides Market by Companion Animals, 2024 – 2033 (USD Billion)
    • 6.3 Livestock Animals
      • 6.3.1 Global Animal Parasiticides Market by Livestock Animals, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Animal Parasiticides Market – End User Analysis
    • 7.1 Global Animal Parasiticides Market overview: By End User
      • 7.1.1 Global Animal Parasiticides Market share, By End User, 2022 and – 2033
    • 7.2 Veterinary Clinics & Hospitals
      • 7.2.1 Global Animal Parasiticides Market by Veterinary Clinics & Hospitals, 2024 – 2033 (USD Billion)
    • 7.3 Animal Farms
      • 7.3.1 Global Animal Parasiticides Market by Animal Farms, 2024 – 2033 (USD Billion)
    • 7.4 Home Care Settings
      • 7.4.1 Global Animal Parasiticides Market by Home Care Settings, 2024 – 2033 (USD Billion)
  • Chapter 8. Animal Parasiticides Market – Regional Analysis
    • 8.1 Global Animal Parasiticides Market Regional Overview
    • 8.2 Global Animal Parasiticides Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Animal Parasiticides Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Animal Parasiticides Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Animal Parasiticides Market, by Type, 2024 – 2033
      • 8.4.1 North America Animal Parasiticides Market, by Type, 2024 – 2033 (USD Billion)
    • 8.5 North America Animal Parasiticides Market, by Animal Type, 2024 – 2033
      • 8.5.1 North America Animal Parasiticides Market, by Animal Type, 2024 – 2033 (USD Billion)
    • 8.6 North America Animal Parasiticides Market, by End User, 2024 – 2033
      • 8.6.1 North America Animal Parasiticides Market, by End User, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Animal Parasiticides Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Animal Parasiticides Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Animal Parasiticides Market, by Type, 2024 – 2033
      • 8.8.1 Europe Animal Parasiticides Market, by Type, 2024 – 2033 (USD Billion)
    • 8.9 Europe Animal Parasiticides Market, by Animal Type, 2024 – 2033
      • 8.9.1 Europe Animal Parasiticides Market, by Animal Type, 2024 – 2033 (USD Billion)
    • 8.10 Europe Animal Parasiticides Market, by End User, 2024 – 2033
      • 8.10.1 Europe Animal Parasiticides Market, by End User, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Animal Parasiticides Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Animal Parasiticides Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Animal Parasiticides Market, by Type, 2024 – 2033
      • 8.12.1 Asia Pacific Animal Parasiticides Market, by Type, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Animal Parasiticides Market, by Animal Type, 2024 – 2033
      • 8.13.1 Asia Pacific Animal Parasiticides Market, by Animal Type, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Animal Parasiticides Market, by End User, 2024 – 2033
      • 8.14.1 Asia Pacific Animal Parasiticides Market, by End User, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Animal Parasiticides Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Animal Parasiticides Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Animal Parasiticides Market, by Type, 2024 – 2033
      • 8.16.1 Latin America Animal Parasiticides Market, by Type, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Animal Parasiticides Market, by Animal Type, 2024 – 2033
      • 8.17.1 Latin America Animal Parasiticides Market, by Animal Type, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Animal Parasiticides Market, by End User, 2024 – 2033
      • 8.18.1 Latin America Animal Parasiticides Market, by End User, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Animal Parasiticides Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Animal Parasiticides Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Animal Parasiticides Market, by Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Animal Parasiticides Market, by Type, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Animal Parasiticides Market, by Animal Type, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Animal Parasiticides Market, by Animal Type, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Animal Parasiticides Market, by End User, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Animal Parasiticides Market, by End User, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Zoetis Inc
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Merck Animal Health
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Elanco Animal Health
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Boehringer Ingelheim
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Bayer AG
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Ceva Sante Animale
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Virbac
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 EMA
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 IDEXX Laboratories Inc
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Chanelle Pharma Group
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 24

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • Zoetis Inc
  • Merck Animal Health
  • Elanco Animal Health
  • Boehringer Ingelheim
  • Bayer AG
  • Ceva Sante Animale
  • Virbac
  • EMA
  • IDEXX Laboratories Inc
  • Chanelle Pharma Group
  • Others

FAQs

The key factors driving the Market are Rising Pet Ownership and Awareness, Increasing Livestock Production, Growing Zoonotic Disease Concerns, Advancements in Veterinary Medicine, Resistance Management, Stringent Regulatory Standards, Globalization of Trade, Economic Impacts on Livestock, Increase in Exotic Pets, Veterinary Healthcare Infrastructure And Focus on Animal Welfare.

The “Type” category dominated the market in 2022.

The key players in the market are Zoetis Inc, Merck Animal Health, Elanco Animal Health, Boehringer Ingelheim, Bayer AG, Ceva Sante Animale, Virbac, EMA, IDEXX Laboratories Inc, Chanelle Pharma Group, Others.

“North America” had the largest share in the Animal Parasiticides Market.

The global market is projected to grow at a CAGR of 5.9% during the forecast period, 2023-2032.

The Animal Parasiticides Market size was valued at USD 11.99 Billion in 2022.

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