Animal Parasiticides Market By Product [Ectoparasiticides (Pour On, Spray, Spot on), Endoparasiticides (Oral, Injectable), Endectocides], Animal (Companion, Livestock), Parasite Type (Tapeworm, Fleas, Ticks, Mites, Roundworms) - Global Forecast to 2030

The Animal Parasiticides Market is projected to reach $17.9 billion by 2030, at a CAGR of 7.3% from 2024 to 2030. Animal parasiticides are chemicals used to eliminate parasitic organisms that affect the health of companion animals and livestock. These parasiticides are of various types depending upon the nature of administration or use.  Parasiticides such as ectoparasiticides, endoparasiticides, and endectocides are used against the infections of parasitic organisms, such as tapeworms, hookworms, roundworms, mites, fleas, ticks, flukes, and other parasites.

The growth of this market is attributed to the increasing prevalence of zoonotic and parasitic diseases, growing demand for animal-derived food products, and rising expenditure on animal health. In addition, the increasing number of livestock in emerging economies is expected to provide significant growth opportunities for this market.

However, the restricted use of parasiticides in food-producing animals hinders the growth of this market to a certain extent. In addition, the rising inclination towards vegetarian and vegan diets is a major challenge for market growth.

Rising Expenditure on Animal Health

Globally, expenditure on animal health, including companion animals and livestock, has increased. Americans spend substantial amounts of money on taking care of their pets. According to the American Pet Products Association, people in the country spent approximately USD 90.5 billion on their pets in 2018 and USD 109.6 billion in 2021. Similarly, according to Office for National Statistics, in the U.K., expenditure on pets and pet-related products reached USD 6,891.0 million in 2019 from USD 6,233.0 million in 2015.

However, the number of pets in the U.K. decreased significantly, from 73 million in 2013 to about 50 million in 2018. Despite this decrease in the number of pets, there has been a consistent rise in pet-related expenditures in the country. Moreover, expenditure on livestock is increasing. For instance, according to the National Association of Secretaries of State, expenditures on livestock reached USD 42.4 billion in 2021 from USD 36.6 billion in 2020. Therefore, the rising expenditure on animal health is expected to drive the animal parasiticides market. Parasiticides kill parasites and prevent economic losses and animal life.

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Growing Demand for Animal-Derived Food Products

The demand for animal-derived food products, such as meat, milk, and eggs, has been increasing. The decrease in agricultural production has resulted in the depletion of resources and reduced availability of cultivable land, increasing the consumption of animal-derived foods. Foods derived from animals are a great source of protein, and a protein-rich diet is essential to lead a healthy life. In developed countries, the consumption of animal proteins is stable (around 44 to 55 g/capita/day), while the consumption is increasing in developing countries. For instance, in 2020, the U.S. accounted for approximately 21% of total global beef consumption. However, in Asia, beef and veal consumption in 2020 was 19,656.46 thousand tonnes and is expected to reach 21,467.08 thousand tonnes by 2026. To meet the increasing demand for animal-derived foods, farmers are expected to increase livestock production. The increase in livestock population is ultimately expected to lead to increased adoption of animal parasiticides to avoid the economic loss caused by the negative effects on animal health by parasitic infections.

Growing Pet Adoption

Household pets such as cats and dogs are among the most common animals affected by internal parasites, such as heartworms, roundworms, and tapeworms, and external parasites, including ticks, mites, and fleas. Parasiticides help eliminate these parasites and prevent the spread of diseases amongst pet animals and from animals to humans. Therefore, the increase in the adoption of pets is expected to drive the growth of this market. There has been an increase in pet adoption globally due to the growing need to maintain peoples’ emotional well-being and a positive environment. Several market players, pet care product companies, and animal welfare organizations are initiating campaigns to promote pet adoption. For instance, in 2021, Pedigree Petfoods (U.S.) initiated a campaign named ‘BeIndieProud’ to promote the adoption of street dogs as pets in India. In addition to the COVID-19 pandemic, many people adopted pets for companionship due to solitary and indoor living. For instance, according to the American Society for the Prevention of Cruelty to Animals, in the U.S., nearly 1 in 5 households has acquired a cat or dog since the start of the COVID-19 pandemic, accounting for around 23 million households in the country.

Key Findings of the Animal Parasiticides Market Study:

Based on Product Type, in 2024, the Ectoparasiticides Segment is Expected to Dominate this Market

Based on product type, the animal parasiticides market is segmented into ectoparasiticides, endoparasiticides, and endectocides. In 2024, the ectoparasiticides segment is expected to account for the largest share of the animal parasiticides market. Ectoparasiticides treat external parasites, including mites, fleas, and ticks. These parasiticides are applied on animals by pouring and spraying and come in powder form. According to the American Society for the Prevention of Cruelty to Animals, fleas and ticks are the most common pet care concerns in the U.S. Hence, the high prevalence of external parasites and easy administration are responsible for the large market share of this segment. 

Based on Parasite Type, in 2024, the Mite, Tick, Flea, Lice, and Grub Infestation Segment is Expected to Dominate this Market

Based on parasite type, in 2024, the mite, tick, flea, lice, and grub Infestation segment is expected to account for the largest share of the animal parasiticides market. The high prevalence of fleas and tick infections in companion and farm animals is the major factor responsible for the large market share of this segment. Due to global warming, there has been an increase in the prevalence of flea infections as they stay active in warm and humid temperatures.

Based on Animal Type, in 2024, the Companion Animals Segment is Expected to Dominate this Market

Based on animal type, the animal parasiticides market is segmented into companion animals and livestock. In 2024, the companion animals segment is expected to account for the largest share of the animal parasiticides market. People need a companion for emotional well-being, and pets offer a positive environment at home. According to Animal Medicines Australia, pet ownership in Australia increased to 69% of households having pets in 2021 from 61% in 2019. This increase led to a rise in pet-related expenditures & adoption of pet insurance in Australia. For instance, the average household insurance expenditure for dogs in Australia increased from USD 147 in 2019 to USD 246 in 2021.

Additionally, the average household insurance expenditure for cats increased from USD 69 in 2019 to USD 116 in 2021. Pet owners treat their pets as family and are likely to spend on their health without hesitation.  These are some of the key factors that contribute to the large market share of this segment.

Asia-Pacific: The Fastest-Growing Market

Asia-Pacific is slated to record the fastest growth rate in the animal parasiticides market during the forecast period. The growth of this market is attributed to the increasing demand for animal-derived food products, growing awareness about livestock health and advanced livestock farming systems, and the growing adoption of pets in developing countries of this region.

Key Players

The report includes a competitive landscape based on an extensive assessment of product portfolio, parasite type, animal type, geographic presence, and the key growth strategies adopted by leading market players in the industry between 2020 and 2022. The key players profiled in the animal parasiticides market are Zoetis Inc. (U.S.), Virbac (France), Heska Corporation (U.S.), Bimeda, Inc. (Ireland), Boehringer Ingelheim International GmbH (Germany), Merck & Co., Inc. (U.S.), Elanco Animal Health Incorporated (U.S.), Vetoquinol Group (France), PetIQ, LLC (U.S.), and ECO Animal Health Ltd (U.K.).

Scope of the Report

Animal Parasiticides Market, by Product Type

• Ectoparasiticides
  • Pour On
  • Spot On
  • Sprays
  • Powders
  • Other Ectoparasiticides
• Endoparasiticides
  • Injectables
  • Oral Liquids
  • Oral Tablets
  • Feed Additives
• Endectocides

Animal Parasiticides Market, by Parasite Type

• Roundworms
• Tapeworms
• Heartworms
• Flukes
• Coccidia
• Mite, Tick, Flea, Lice, and Grub Infestation
• Other Parasites

Animal Parasiticides Market, by Animal Type

• Companion Animals
  • Dogs
  • Cats
  • Other Companion Animals
• Livestock
  • Cattle
  • Poultry
  • Other Livestock

Animal Parasiticides Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Rest of APAC (RoAPAC)
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America (RoLATAM)
• Middle East & Africa

Key questions answered in the report: