Animal Parasiticides Market, By Type (Endoparasiticides, Ectoparasiticides, and Endectocides), By Application (Dogs, Cats, Cattle, Pigs, Poultry, Horse, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Definition

Animal parasiticides are chemical materials that help to eliminate or kill the animal health-affecting parasites. Animal parasiticides target the infectious parasites by destroying them or preventing their growth. There are three types of parasiticides, including endoparasiticides, ectoparasiticides, and endectocides. Endoparasiticides help to control internal parasites such as roundworms, tapeworms, and fluke. Ectoparasiticides control external parasites such as fleas, ticks, mites, lice, and fleas. Endectocides helps to control nematodes and arthropods affecting animals.

Market Dynamics

Rising incidences of zoonotic diseases and increasing regulatory approvals for animal parasiticides are key driving factors of the market. For instance, Zoetis has received the U.S. Food and Drug Administration (FDA) approval for Simparica Trio (sarolaner, moxidectin, and pyrantel chewable tablets). Simparica Trio once-monthly chewable tablet delivers all-in-one protection from heartworm disease, ticks, and fleas, roundworms, and hookworms. Simparica Trio is the next generation parasiticide products and solutions for veterinarians, enabling them to provide prevention and treatment options for pets. Further, Elanco Animal Health, a division of Eli Lilly and Company, has received the U.S. Food and Drug Administration (FDA) Approval for Credelio (lotilaner). This new tick and flea option for dogs contains the patented active ingredient lotilaner. Lotilaner is a member of the isoxazoline, a novel class of parasiticides. Credelio is a monthly oral tick and flea treatment for dogs. However, Product Recall of animal parasiticides might hamper the market growth. Norbrook Laboratories Limited has recalled veterinary injectable drug products, as the product sterility cannot be assured. The compromise on the sterility of these products could result in the introduction of infectious agents to the animal. Norbrook has added four lots of Enroflox 100 injection (enrofloxacin), two lots of Noromectin injection (ivermectin), and one lot of Ivermax 1% injection (ivermectin) to the recall. Noromectin injection is a parasiticide, used for the treatment of internal and external parasites in cattle and swine. Ivermax, 1% injection, is a parasiticide used for the treatment of gastrointestinal lungworms, roundworms, lice, and mange mites in cattle and swine. Rising investments for animal welfare by government organizations and private players would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global animal parasiticides market is mainly classified based on type and application. Type is further segmented into Endoparasiticides, Ectoparasiticides, and Endectocides. By application, the market is divided into Dogs, Cats, Cattle, Pigs, Poultry, Horse, and Others.

Ectoparasiticides was dominating the global animal parasiticides market in 2019, owing to the increasing regulatory approval of ectoparasiticides for the treatment of ectoparasitic infestations. For instance, Merck Animal Health has received U.S. Food and Drug Administration (FDA) approval for BRAVECTO PLUS, an ectoparasiticide topical solution for cats. BRAVECTO PLUS is a topical solution for cats, indicated for both external and internal parasite infestations from ticks and fleas, heartworm, intestinal roundworm, and hookworm.

Regional Analysis

Based on geography, the global animal parasiticides market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America was dominating the global animal parasiticides market in 2019, due to the increasing demand for the antiparasitic product, rising investments, government regulations for preventing the spread of animal disease, and partnership between companies to develop and market advance innovative animal parasiticides. For instance, Bayer Animal Health GmbH and Mitsui Chemicals Agro, Inc., has signed a global license agreement to expand the innovative parasiticides for companion animals based on MCAG’s innovation and technology. As per the agreement, Bayer will develop and commercialize novel compounds from MCAG.

Competitive landscape

Key players operating in the animal parasiticides industry include Bayer AG, Boehringer Ingelheim, Elanco, Merck & Co., Inc., Huvepharma, Zoetis, Inc., Ceva Sante Animale, Virbac, Perrigo Company PLC, and Vetoquinol S.A.

The partnership between companies to develop and market animal parasiticides, regulatory approval for animal parasiticides, commercialization of new innovative products, and strategic agreement to acquire parasiticides products and extend the product line of the company are some of the strategies adopted by the major companies. For instance, Merck Animal Health and Virbac have signed an agreement under which Merck Animal Health has acquired the U.S. rights to Sentinel Flavor Tabs and Sentinel Spectrum Chews in the Companion Animal category. The Sentinel brand products control all common intestinal parasites.

Animal Parasiticides Market Key Segments

By Type
• Endoparasiticides
• Ectoparasiticides
• Endectocides

By Application
• Dogs
• Cats
• Cattle
• Pigs
• Poultry
• Horse
• Others

Key Global Animal Parasiticides Industry Players

• Bayer AG
• Boehringer Ingelheim
• Elanco
• Merck & Co., Inc.
• Huvepharma
• Zoetis, Inc.
• Ceva Sante Animale
• Virbac
• Perrigo Company PLC
• Vetoquinol S.A.

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Animal Parasiticides Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising Incidences of Zoonotic Diseases
3.3.2. Increasing Regulatory Approvals for Animal Parasiticides
3.4. Restraints
3.4.1. Product Recall
3.5. Opportunity
3.5.1. Rising Investments for Animal Welfare by Government Organizations and Private Players
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Endoparasiticides
4.2.1. Market Size & Forecast
4.3. Ectoparasiticides
4.3.1. Market Size & Forecast
4.4. Endectocides
4.4.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Dogs
5.2.1. Market Size & Forecast
5.3. Cats
5.3.1. Market Size & Forecast
5.4. Cattle
5.4.1. Market Size & Forecast
5.5. Pigs
5.5.1. Market Size & Forecast
5.6. Poultry
5.6.1. Market Size & Forecast
5.7. Horse
5.7.1. Market Size & Forecast
5.8. Others
5.8.1. Market Size & Forecast

6. Animal Parasiticides Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Animal Parasiticides Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Animal Parasiticides Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Animal Parasiticides Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Animal Parasiticides Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Animal Parasiticides Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Bayer AG
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Bayer AG Product Category, Application, and Specification
7.1.3. Bayer AG Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. Boehringer Ingelheim
7.3. Elanco
7.4. Merck & Co., Inc.
7.5. Huvepharma
7.6. Zoetis, Inc.
7.7. Ceva Sante Animale
7.8. Virbac
7.9. Perrigo Company PLC
7.10. Vetoquinol S.A.