Animal Parasiticides Global Market is Projected to Reach $14.1 Billion by 2030: Rising Prevalence of Zoonotic Disorders Spark Demand for Animal Parasiticides

News provided by

Jun 27, 2023, 18:15 ET

DUBLIN, June 27, 2023 /PRNewswire/ -- The "Animal Parasiticides: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Animal Parasiticides estimated at US$9.5 Billion in the year 2022, is projected to reach a revised size of US$14.1 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030.

Ectoparasiticides, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$5.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Endoparasiticides segment is readjusted to a revised 5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 6.9% CAGR

The Animal Parasiticides market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.2% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 4.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.7 Billion by the year 2030.

Select Competitors (Total 30 Featured) -

Bayer AG
Boehringer Ingelheim International GmbH
Ceva Sante Animale
Elanco Animal Health
Merck Animal Health
PetIQ
Vetoquinol SA
Virbac SA
Zoetis, Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Veterinary Parasiticides: An Introduction
General Characteristics of Animal Parasiticides
Most Common Chemical Classes of Veterinary Parasiticides: An Overview
Classification of Ectoparasiticides
Different Delivery Forms of Ectoparasiticides
Classification of Endoparasiticides
Different Delivery Forms of Anthelmintics
An Insight into Formulations of Veterinary Parasiticides
Proportion of Non-Active Ingredients in Different Antiparasitic Product Formulations
Original and Generic Antiparasitics
Original Antiparasitics
Generic Antiparasitics
Animal Parasiticides: Vital for the Treatment of Parasitic Diseases in Animals
Animal Parasiticides Market to Witness Healthy Growth
Ectoparasiticides: The Largest Product Segment
Food-Producing Animals: The Major End-Use Segment for Animal Parasiticides
Developed Regions Lead the Global Animal Parasiticide Market
Animal Parasiticides - Global Key Competitors Percentage Market Share in 2022 (E)
Ectoparasiticides (Product) Global Competitor Market Share Positioning for 2019 & 2025
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Growing Awareness about Animal Healthcare and Increased Spending on Animal Healthcare Products and Medication Augurs and Well for Animal Parasiticides Market
Animal Healthcare Market Worldwide: Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024
Rising Prevalence of Zoonotic Disorders Spark Demand for Animal Parasiticides
Rising Adoption of Pets and Companion Animals Fuels Demand for Animal Parasiticides
Pet Population Worldwide: Number of Dogs and Cats in Million for the Years 2017 and 2018
Global Pet Dog Population: Number of Pet Dogs by Select Countries in Million for the Year 2018
Global Pet Cat Population (2018): Number of Pet Cats by Select Countries in Million for the Year 2018
With Demand for Protein Rich, Animal-Derived Foods Continuing to Grow, Parasiticides Market is Poised for Growth
World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
Per Capita Meat Consumption in Kg/Per Person/Year by Region by Meat Type for 2015-2017
Global Protein Consumption: Breakdown of Meat Consumption in 1,000 Metric Tons (Carcass Weight Equivalent) for the Years 2015-2019
Sustained Increase in Number of Veterinary Practitioners in Developed Regions Drives Sales of Parasiticides
Number of Veterinarians in the US by Gender for the Years 2016, 2017 and 2018
Trend towards Vegetarian Diet Hampers Market Growth
Countries with Highest Proportion of Vegetarian Diet: Vegetarianism as % of Total Population for the Year 2018
Regulations Restricting Use of Parasiticides for Food-Producing Animals Impedes Demand Growth
Developing Oral Forms of Ectoparasiticides: An Area of Focus for Market Players
Resistance to Antiparasitics in Animals: A Major Concern

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/o3jvaw

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets