Comprehensive Veterinary Parasiticides Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034

What Is the Future Outlook for the Veterinary Parasiticides Market's Size and Growth Rate?
In the last few years, there's been a robust expansion in the veterinary parasiticides market. The market is predicted to escalate from $14.93 billion in 2024 to $15.85 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.1%. The growth during the historic period is the result of increased awareness about animal health, livestock production, the rate of companion animal ownership, and zoonotic diseases.

There's a projection for a significant expansion in the veterinary parasiticides market in the upcoming years with the market expected to reach a value of $20.57 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.7%. The driving factors behind this growth during the forecast period include global food security, the rise of zoonotic threats, pet care, and environmental transformations. Expected trends in this period encompass worries about zoonotic diseases, innovations in flea and tick control, parasiticide safety and environmental issues, as well as innovative product delivery methods.

What Is Stimulating Growth in the Veterinary Parasiticides Market?
The concern of zoonotic pathogens is rising, with these pathogens being the principal source of worldwide foodborne diseases. Infectious illnesses like Salmonella and Campylobacter result from these zoonotic pathogens, which are bacterial, viral, or parasitic entities. They can infect animals and humans, either directly or indirectly. Such diseases often reach humans through the food chain, placing them at risk and emphasizing the urgency to prevent such infections among animals. To cite an example, the European Food Safety Authority (EFSA), an Italian agency of the European Union which supplies unbiased scholarly opinions on risks associated with food, stated in December 2022 that Campylobacteriosis remained the most regularly reported zoonotic disease in 2021, with 127,840 instances. Chicken and turkey meat were established as the main carriers. Following closely, Salmonellosis was the second most repeatedly tallied zoonosis, impacting 60,050 people. The need to control these infections in animals drives the growth of the veterinary parasiticides market.

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Which Key Market Leaders Are Driving Veterinary Parasiticides Industry Growth?
Major companies operating in the veterinary parasiticides market include Bayer AG, Zoetis Inc., Boehringer Ingelheim, Merck & Co. Inc., Eli Lilly and Company, virology and bacteriology, Ceva Animal Health, Merial Inc., Perrigo Company, Vetoquinol India Animal Health Pvt Ltd., Intas Pharmaceuticals Ltd., Perrigo Company, Eli Lilly and Company, Dechra Pharmaceuticals plc, Lillidale Ltd., Phibro Animal Health Corporation, Bovian Health Care Pvt. Ltd., Sanofi SA, Novartis AG, Oceanic Pharmachem, IDEXX Laboratories Inc., Covetrus Inc., Norbrook Laboratories Limited, Bimeda Holdings PLC, PetIQ Inc., Heska Corporation, Neogen Corporation, Kyoritsu Seiyaku Corporation, Nexvet Biopharma plc, Kepro Technologies Private Limited, ECO Animal Health Group plc, Bioniche Animal Health Canada Inc., Bioiberica S.A., Laboratorios Hipra S.A., Norbrook Laboratories Limited

What Are the Emerging Trends in the Veterinary Parasiticides Industry?
The administration of chewable tablets is a popular method to safeguard animals from threats such as ticks, worms, fleas, and similar issues. These tablets are a simpler form of treatment to offer animals, and come in varying forms including a beef-flavored tablet or a softer chew variety. Take the IVERHART MAX chewable tablets as an example, they combat the four most prevalent worms that afflict dogs: heartworms (transmitted by mosquito bites), roundworms, hookworms (which impact the intestines) and tapeworms (brought about by swallowing an infected flea). This kind of technological growth is having a substantial positive effect on the veterinary parasiticides market.

What Are the Main Segments in the Veterinary Parasiticides Market?
The veterinary parasiticides market covered in this report is segmented -

1) By Type: Endoparasiticides, Ectoparasiticides, Endectocides
2) By Product: Oral Liquids, Tablets, Injectables, Sprays, Other Products
3) By Application: Farm Animals, Companion Animals
4) By End Users: R&D Facilities, Farms, Veterinary Clinics

Subsegments:
1) By Endoparasiticides: Anthelmintics (Dewormers), Antiprotozoals, Anticestodals, Antitrematodals
2) By Ectoparasiticides: Insecticides, Acaricides, Repellents
3) By Endectocides: Ivermectin-based Products

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Which Geographic Area Leads the Veterinary Parasiticides Market?
North America was the largest region in the veterinary parasiticides market in 2023. Asia-Pacific was the second-largest region in the veterinary parasiticides market. The regions covered in the veterinary parasiticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Is Covered In The Veterinary Parasiticides Global Market Report?

- Market Size Analysis: Analyze the Veterinary Parasiticides Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Veterinary Parasiticides Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Veterinary Parasiticides Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Veterinary Parasiticides Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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