Animal Parasiticides Market Key Players, Demands, Trends, Size, Share, Growth rate and Forecasts to 2027

The animal parasiticides market refers to the market for drugs and other products used to treat and prevent parasitic infections in animals. This market includes products for both livestock and companion animals, such as dogs and cats.

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The market for animal parasiticides is anticipated to grow from USD 10.6 billion in 2022 to USD 14.1 billion in 2027, at a CAGR of 5.8% over the forecast period. The market for animal parasiticides is expanding as a result of factors like the rising demand for food products made from animals, growing private player investments, laws aimed at preventing the spread of animal diseases, and rising costs for animal health care. During the projected period, regulations on the use of parasiticides on animals used for food production and a move toward vegetarianism will likely hamper the growth of this market.

The market for animal parasiticides is driven by several factors, including increasing pet ownership and the growing demand for animal protein products. Parasitic infections can have a significant impact on animal health, and effective parasiticide products are essential for maintaining healthy populations of livestock and companion animals.

Several of the major companies in the market for animal parasiticides include Zoetis Inc. (US), Elanco Animal Health Incorporated (US), Virbac (France), Merck & Co., Inc. (US), Boehringer Ingelheim GmbH (Germany), Ceva Santé Animale (France), Vetoquinol S.A. (France), PetIQ, Inc. (US), Norbrook (Ireland), and Bimeda Animal Health (Ireland). These companies offer a wide range of products for the prevention and treatment of various types of parasitic infections.

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The global animal parasiticides market is expected to continue to grow in the coming years, driven by increasing demand for meat and dairy products, rising pet ownership, and the need to prevent and control parasitic infections in animals. However, the market also faces challenges, such as increasing concerns about the safety and efficacy of parasiticides, and the emergence of resistance to some commonly used products.

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