Animal Parasiticides Market Growth, Challenges, and Future Outlook to 2030

Meticulous Research Projects Animal Parasiticides Market $17.9 Billion by 2030 pen_spark J

Animal Parasiticides Market 2023-2030 Animal Parasiticides Market: Growth, Challenges, and Future Outlook to 2030 Meticulous Research has published an insightful report titled Animal Parasiticides Market: By Product [Ectoparasiticides (Pour On, Spray, Spot On), Endoparasiticides (Oral, Injectable), Endectocides], Animal Type (Companion, Livestock), Parasite Type (Tapeworm, Fleas, Ticks, Mites, Roundworms) - Global Forecast to 2030. This report provides an in-depth analysis of the animal parasiticides market, projecting significant growth trends and identifying key factors influencing the industry. Download Sample Report Here - https://www.meticulousresearch.com/download-sample- report/cp_id=5451?utm_source=article&utm_medium=social&utm_campai gn=15-10-2024 Market Overview The global animal parasiticides market is anticipated to reach $17.9 billion by 2030, registering a compound annual growth rate (CAGR) of 7.3% during the forecast period from 2024 to 2030. The growth is primarily driven by the increasing prevalence of zoonotic and parasitic diseases, the rising demand for animal-derived food products, and heightened expenditures on animal health. Furthermore, the burgeoning livestock population in emerging economies is expected to present considerable growth opportunities within this market segment. Market Challenges Despite the promising growth trajectory, the market faces challenges, including the restricted use of parasiticides in food-producing animals, which significantly hinders growth. Additionally, the rising trend towards vegetarian and vegan diets poses a challenge for the overall demand for animal products, potentially affecting the animal health sector. Future Outlook Page 1 of 4 Meticulous Research| sales@meticulousresearch.com

Animal Parasiticides Market 2023-2030 The animal parasiticides market is segmented based on product type, parasite type, animal type, and geography. This comprehensive segmentation allows for a detailed analysis of industry competitors and market dynamics at both country and regional levels. Product Type Analysis In 2024, the ectoparasiticides segment is projected to dominate the market, capturing the largest share. This dominance can be attributed to the high incidence of infestations caused by fleas, ticks, and mites, alongside the ease of application of ectoparasiticides on both companion and livestock animals. These products are available in various forms, including liquid pours, sprays, powders, and more specialized applications such as collars and ear tags, enhancing their usability. Parasite Type Analysis The mite, tick, flea, lice, and grub infestation segment is expected to command the largest share of the animal parasiticides market in 2024. This is primarily due to the high prevalence of ectoparasitic infections in animals. Pets and livestock are frequent targets for these external parasites, which thrive in their fur and can lay eggs, leading to rapid population increases if not adequately controlled. Animal Type Analysis The companion animal segment is also anticipated to hold a significant share of the market in 2024. A considerable number of households globally own pets, creating a substantial population base for this market segment. According to the American Pet Products Association National Pet Owners Survey (2021- 2022), approximately 70% of U.S. households (around 85 million families) own at least one pet. Similarly, a survey by Animal Medicines Australia in 2022 indicated that about 69% of Australian households own pets, with dogs being the most prevalent. The trend of treating pets as family members leads to increased health expenditures, further driving market growth. In 2021, the total expenditure in the U.S. pet industry reached $123.6 billion, underscoring the significant financial commitment of pet owners towards their animals' health. Page 2 of 4 Meticulous Research| sales@meticulousresearch.com

Animal Parasiticides Market 2023-2030 Get A Glimpse Inside: Request Sample Pages - https://www.meticulousresearch.com/download-sample- report/cp_id=5451?utm_source=article&utm_medium=social&utm_campai gn=15-10-2024 Geographic Analysis The report provides a detailed geographical analysis of the animal parasiticides market. In 2024, North America is projected to dominate the market, followed by Europe and Asia-Pacific. Factors contributing to North America's large market share include high expenditure on animal health, a highly commercialized and institutionalized meat industry, significant consumption and import-export activities of animal-derived food products, and a robust pet population treated with family-like care. Key Geographies Covered: North America: United States, Canada Europe: Germany, France, United Kingdom, Italy, Spain, Rest of Europe Asia-Pacific: Japan, China, India, Rest of Asia-Pacific Latin America: Brazil, Mexico, Rest of Latin America Middle East & Africa Competitive Landscape The animal parasiticides market features several key players, each contributing to the sector's growth through innovation and competitive strategies. Some of the major companies operating in this market include: Zoetis Inc. (U.S.) Virbac (France) Heska Corporation (U.S.) Bimeda, Inc. (Ireland) Boehringer Ingelheim International GmbH (Germany) Merck & Co., Inc. (U.S.) Page 3 of 4 Meticulous Research| sales@meticulousresearch.com

Animal Parasiticides Market 2023-2030 Elanco Animal Health Incorporated (U.S.) Vetoquinol Group (France) PetIQ, LLC (U.S.) ECO Animal Health Ltd (U.K.) These companies are engaged in continuous research and development, aiming to enhance their product offerings and expand their market reach. Read Full Report - https://www.meticulousresearch.com/product/animal- parasiticides-market-5451 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 4 of 4 Meticulous Research| sales@meticulousresearch.com