Meticulous Research® has released its latest report, “Animal Parasiticides Market by Product Type (Ectoparasiticides, Endoparasiticides), Parasite Type (Mite, Tick, Flea, Lice, Grub), Animal Type (Companion, Livestock), and Geography — Global Forecast to 2030,” revealing a robust growth trajectory for the animal parasiticides market. The market is anticipated to reach $17.9 billion by 2030, driven by a compound annual growth rate (CAGR) of 7.3% during the forecast period from 2024 to 2030.
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Market Drivers and Challenges
The growth of the animal parasiticides market is primarily attributed to:
• Increasing Prevalence of Zoonotic and Parasitic Diseases: The rise in zoonotic and parasitic diseases among animals has significantly boosted the demand for effective parasiticides.
• Growing Demand for Animal-Derived Food Products: The expanding global consumption of animal-derived food products necessitates effective parasitic control to ensure animal health and safety.
• Rising Expenditure on Animal Health: Higher investments in animal health, including the purchase of parasiticides, are contributing to market growth.
• Increasing Livestock Numbers in Emerging Economies: The growing number of livestock in developing regions presents substantial opportunities for market expansion.
However, the market faces certain challenges:
• Restricted Use of Parasiticides in Food-Producing Animals: Stringent regulations limiting the use of parasiticides in animals intended for food production can hinder market growth.
• Shift Towards Vegetarian and Vegan Diets: The growing trend towards plant-based diets may reduce the demand for animal-derived products, affecting the market.
Market Segmentation and Insights
Meticulous Research® provides a comprehensive analysis of the animal parasiticides market segmented by product type, parasite type, animal type, and geography:
• By Product Type: The ectoparasiticides segment is expected to hold the largest market share in 2024. This dominance is due to the high incidence of fleas, ticks, and mites infestations in animals, as well as the ease of application of ectoparasiticides through various forms such as liquid pours, sprays, powders, collars, and ear tags.
• By Parasite Type: The segment addressing mite, tick, flea, lice, and grub infestations is projected to lead the market. This is attributed to the high prevalence of ectoparasitic infections among animals, where parasites like fleas and ticks are common.
• By Animal Type: The companion animal segment is expected to dominate in 2024. A significant number of households globally own pets, with high expenditure on their health and well-being. For instance, the American Pet Products Association National Pet Owners Survey (2021-2022) highlights that about 70% of U.S. households own pets, and in Australia, approximately 69% of households own pets, with dogs and cats being the most common. This high pet ownership and expenditure contribute to the segment’s substantial market share.
Geographic Analysis
The report offers a detailed geographical analysis of the animal parasiticides market:
• North America: Expected to hold the largest market share in 2024, driven by high spending on animal health, a highly commercialized meat industry, and a significant pet population.
• Europe and Asia-Pacific: Following North America, these regions also show strong market potential due to factors such as the large consumption of animal-derived products and increasing pet ownership.
Key Market Players
The report identifies leading companies in the animal parasiticides market, including:
• 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.)
• ECO Animal Health Ltd (U.K.)
These companies play a crucial role in advancing the market through innovation, strategic partnerships, and expanded product offerings.

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.
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