Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Animal Parasiticides Market – Insights

Animal parasiticides are chemical substances that eliminate parasites other than fungi and bacteria in animal livestock, pets, and other animals.  Majority of parasiticides contain one or more active ingredients. Animal parasiticides play an important role in the prevention and cure of various parasitic diseases in animals.

The global animal parasiticides market is estimated to account for US$ 13,829.9 Mn in terms of value by the end of 2027.

Global Animal Parasiticides Market: Drivers

Increasing adoption of companion animals is expected to boost growth of the global animal parasiticides market over the forecast period. For instance, according to America Veterinary Medical Association, the number of dogs in the U.S. was 76,811,305 in 2018, compared to 69,926,000 in 2012.

Moreover, increasing expenditure on animal healthcare is also expected to aid in growth of the market. For instance, according to The American Pet Products Association’s estimates in March 2018, the overall spending in the U.S. pet industry is expected to witness a 3.7% increase in 2018 compared to 2017.

Europe region held dominant position in the global animal parasiticides market in 2019, accounting for 41.1% share in terms of volume, followed by North America.

Figure 1. Global Animal Parasiticides Market Value (US$ Mn), by Region, 2019

Animal parasiticides  | Coherent Market Insights

Global Animal Parasiticides Market: Restraints

Increasing preference for vegetarian food and diet is expected to reduce demand for animal-produced food. This in turn is expected to limit demand for animal parasiticides, thereby hindering growth of the market. For instance, according a report published by Gallup, Inc., an analytics and advisory company, in August 2018, sales of plant-based food increased 8.1% in 2017 in the U.S. compared to 2016.

Moreover, stringent approval process for animal parasiticides is also expected to hamper growth of the market. Various products in the market have to undergo through approval processes and apply for intellectual property rights to various regulatory bodies such as World Health Organization (WHO), Food and Drug Administration (FDA), and regional regulatory bodies according to the laws of the country for granting the patent.

Global Animal Parasiticides Market: Opportunities

Key players in the market can focus on direct sales of products to enhance their market share. The approach helps to ensure easy access of animal healthcare products by minimizing the distribution nodes, which in turn can offer higher profit margins. For instance, Zoetis, Inc. directly sells its products to end users such as beef and dairy farmers, poultry farms, veterinarians, third-party veterinary distributors and retail pharmacies.

Increasing funding and support for eradication of animal diseases is also expected to offer lucrative growth opportunities for players in the global animal parasiticides market. For instance, under the Regulation (EU) No 652/2014, the European Union offered a budget of around US$ 2 billion for

2014-2020, 65% of which is allocated to implement animal health measures. 

Animal parasiticides  | Coherent Market Insights

Endoparasiticides segment in the global animal parasiticides market was valued at US$ 5,343.6 Mn in 2019 and is expected to reach US$ 8,303.2 Mn by 2027 at a CAGR of 5.7% during the forecast period.

Market Trends/Key Takeaways

Key players in the market are focused on developing multiple combination parasiticides for increasing efficacy of their product. For instance, in September 2019, Zoetis Inc. received marketing authorization for Simparica Trio (sarolaner/moxidectin/pyrantel) chewable tablets for the treatment of mixed external and internal parasitic infestations in dogs, from the European Commission.

Several parasiticides are being used for the treatment of Borrelia burgdorferi infections and Lyme disease is dogs. For instance, in August 2018, Merial (Boehringer Ingelheim GmbH), received approval from the U.S Food and Drug Administration (FDA) to expand the label claims for NexGard (afoxolaner). NexGard can now be used to prevent Borrelia burgdorferi infections and Lyme disease in dogs.

 Regulations:

  • The U.S. Department of Agriculture (USDA) and the Center for Veterinary Biologics (CVB) within the USDA’s Animal and Plant Health Inspection Service (APHIS) formulates regulations for veterinary biologics
  • The amended version (1985) of the Virus-Serum-Toxin Act of 1913 and Title 9 of the Code of Federal Regulations (mainly sections 101–118) control the production and movement of veterinary biologics in the U.S.
  • Major investigational guidelines are applied to ensure that the biologics are free of disease-producing agents and products exhibit proper safety, potency and efficacy
  • The U.S. CVB also focuses on developing standards and procedures for product release, issuing licenses and permits, monitoring and inspecting products and facilities, and controlling field tests and release of veterinary biological drugs among others

Animal parasiticides  | Coherent Market Insights

Global Animal Parasiticides Market: Competitive Landscape

Major players operating in the global animal parasiticides market include, Merial (Boehringer Ingelheim GmbH), Ceva Sante Animlae, Virbac SA, Vetoquinol S.A., Eli Lilly and Company, Zoetis Inc., Merck & Co Inc., Bayer AG, and Perrigo Co. plc.

Global Animal Parasiticides Market: Key Developments

Key players in the market are focused on launching new products to expand their product portfolio. For instance, in January 2018, Elanco Animal Health, a division of Eli Lilly and Company, received approaval for its product, Credelio (lotilaner), a small chewable tablet for dogs, for protection against ticks and fleas.

Key players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in August 2019, Elanco Animal Health entered into a definitive agreement to acquire Bayer Animal Health for US$ 7.6 billion, including US$ 5.3 billion to be paid in cash and US$ 2.3 billion in equity.

Animal parasiticides are used for repulsion, mitigation, and prevention of parasites found in livestock animals, pets, and other animals. Animal parasiticides play an important role in the prevention and cure of various parasitic diseases in animals. Ectoparasiticides are used to control external parasites such as fleas, ticks, mites, lice and fleas. Endoparasiticides help in controlling internal parasites such as roundworms, tapeworms and fluke. Major factors attributing to the growth of the animal paratisicides market constitutes of increasing demand animal base food products, and increasing animal health expenditure in developed and developing economies of the world.

Key features of the study:

  • This report provides in-depth analysis of the global animal parasiticides and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global animal parasiticides based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies, and future plans
  • Key companies covered as a part of this study include Merial (Boehringer Ingelheim GmbH), Ceva Sante Animlae, Virbac SA, Vetoquinol S.A., Eli Lilly and Company, Zoetis Inc., Merck & Co Inc., Bayer AG, and Perrigo Co. plc.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global animal parasiticides report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Animal Parasiticides Market, By Product Type:
    • Ectoparasiticides
      • Pour ons and spot ons
      • Sprays
      • Dips
      • Ear Tags
      • Collars
      • Oral Tablets
      • Others
    • Endoparasiticides
      • Oral liquid
      • Oral solid
      • Injectable
      • Feed additives
      • Others
    • Endectocides
  • Animal Parasiticides Market, By Animal Type:
    • Food producing animals
      • Cattle
      • Pigs
      • Poultry
      • Sheep and Goat
      • Others
    • Companion animals
      • Dogs
      • Cats
      • Horses
      • Others
  • Animal Parasiticides Market, By Distribution Channel:
    • Veterinary Hospitals
    • Veterinary Clinics
    • Pharmacies and drug stores
  • Animal Parasiticides Market, By Region:
    • North America
      • By Product Type:
        • Ectoparasiticides
          • Pour ons and spot ons
          • Sprays
          • Dips
          • Ear Tags
          • Collars
          • Oral Tablets
          • Others
        • Endoparasiticides
          • Oral liquid
          • Oral solid
          • Injectable
          • Feed additives
          • Others
        • Endectocides
      • By Animal Type
        • Food producing animals
          • Cattle
          • Pigs
          • Poultry
          • Sheep and Goat
          • Others
        • Companion animals
          • Dogs
          • Cats
          • Horses
          • Others
      • By Distribution Channel
        • Veterinary Hospitals
        • Veterinary Clinics
        • Pharmacies and drug stores
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Ectoparasiticides
          • Pour ons and spot ons
          • Sprays
          • Dips
          • Ear Tags
          • Collars
          • Oral Tablets
          • Others
        • Endoparasiticides
          • Oral liquid
          • Oral solid
          • Injectable
          • Feed additives
          • Others
        • Endectocides
      • By Animal Type
        • Food producing animals
          • Cattle
          • Pigs
          • Poultry
          • Sheep and Goat
          • Others
        • Companion animals
          • Dogs
          • Cats
          • Horses
          • Others
      • By Distribution Channel
        • Veterinary Hospitals
        • Veterinary Clinics
        • Pharmacies and drug stores
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Ectoparasiticides
          • Pour ons and spot ons
          • Sprays
          • Dips
          • Ear Tags
          • Collars
          • Oral Tablets
          • Others
        • Endoparasiticides
          • Oral liquid
          • Oral solid
          • Injectable
          • Feed additives
          • Others
        • Endectocides
      • By Animal Type
        • Food producing animals
          • Cattle
          • Pigs
          • Poultry
          • Sheep and Goat
          • Others
        • Companion animals
          • Dogs
          • Cats
          • Horses
          • Others
      • By Distribution Channel
        • Veterinary Hospitals
        • Veterinary Clinics
        • Pharmacies and drug stores
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Ectoparasiticides
          • Pour ons and spot ons
          • Sprays
          • Dips
          • Ear Tags
          • Collars
          • Oral Tablets
          • Others
        • Endoparasiticides
          • Oral liquid
          • Oral solid
          • Injectable
          • Feed additives
          • Others
        • Endectocides
      • By Animal Type
        • Food producing animals
          • Cattle
          • Pigs
          • Poultry
          • Sheep and Goat
          • Others
        • Companion animals
          • Dogs
          • Cats
          • Horses
          • Others
      • By Distribution Channel
        • Veterinary Hospitals
        • Veterinary Clinics
        • Pharmacies and drug stores
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Ectoparasiticides
          • Pour ons and spot ons
          • Sprays
          • Dips
          • Ear Tags
          • Collars
          • Oral Tablets
          • Others
        • Endoparasiticides
          • Oral liquid
          • Oral solid
          • Injectable
          • Feed additives
          • Others
        • Endectocides
      • By Animal Type
        • Food producing animals
          • Cattle
          • Pigs
          • Poultry
          • Sheep and Goat
          • Others
        • Companion animals
          • Dogs
          • Cats
          • Horses
          • Others
      • By Distribution Channel
        • Veterinary Hospitals
        • Veterinary Clinics
        • Pharmacies and drug stores
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Ectoparasiticides
          • Pour ons and spot ons
          • Sprays
          • Dips
          • Ear Tags
          • Collars
          • Oral Tablets
          • Others
        • Endoparasiticides
          • Oral liquid
          • Oral solid
          • Injectable
          • Feed additives
          • Others
        • Endectocides
      • By Animal Type
        • Food producing animals
          • Cattle
          • Pigs
          • Poultry
          • Sheep and Goat
          • Others
        • Companion animals
          • Dogs
          • Cats
          • Horses
          • Others
      • By Distribution Channel
        • Veterinary Hospitals
        • Veterinary Clinics
        • Pharmacies and drug stores
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Merial (Boehringer Ingelheim GmbH)*
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Ceva Sante Animlae
    • Virbac SA
    • Vetoquinol S.A.
    • Eli Lilly and Company
    • Zoetis Inc.
    • Merck & Co Inc.
    • Bayer AG
    • Perrigo Co. plc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Animal Type
      • Market Snippet, By Distribution Channel
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Technological Advancement
    • Regulatory Scenario
  4. Global Animal Parasiticides Market, By Product Type, 2017 – 2027 (US$ Mn)
    •  Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Ectoparasiticides
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • Pour ons and spot ons
        • Sprays
        • Dips
        • Ear Tags
        • Collars
        • Oral Tablets
        • Others
    • Endoparasiticides
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • Oral liquid
        • Oral solid
        • Injectable
        • Feed additives
        • Others
    • Endectocides
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
  5. Global Animal Parasiticides Market, By Animal Type, 2017 – 2027 (US$ Mn)
    •  Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Food producing animals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • Cattle
        • Pigs
        • Poultry
        • Sheep and Goat
        • Others
    • Companion animals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • Dogs
        • Cats
        • Horses
        • Others
  6. Global Animal Parasiticides Market, By Distribution Channel 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Veterinary Hospitals
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Veterinary Clinics
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Pharmacies and drug stores
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
  7. Global Animal Parasiticides Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Animal Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Animal Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Animal Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Animal Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Animal Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Animal Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Distribution Channel, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Company Profiles
      • Merial (Boehringer Ingelheim GmbH)
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Ceva Sante Animlae
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Virbac SA
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Vetoquinol S.A.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Eli Lilly and Company
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Zoetis Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Merck & Co Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Bayer AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Perrigo Co. plc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact
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*Browse 20 market data tables and 16 figures on “Animal Parasiticides – Global forecast to 2027.

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