Global Animal Parasiticides Market Insights:
The increasing frequency of droughts, heat stress and flooding is increasing the spread of vector-borne diseases and macro-parasites, along with the emergence of new diseases and transmission models. Therefore, appropriate livestock management has become prevalent to prevent the loss of animals.
On the back of these factors, the global animal parasiticides market is set to expand moderately at a CAGR of 5.9% during the forecast period (2020-2026). Other generic drivers, such as rising demand for protection of livestock and increased research and development for eradicating parasitic diseases is expected to boost the animal parasiticides market.
The COVID-19 pandemic is poised to negligibly impact the supply of animal parasiticides. Key manufacturers have taken proactive measures to ensure that supply chains are not disrupted and that adequate inventory for the next six months is produced.
Global Animal Parasiticides Market: Technological Insights:
Increase in the number of biotechnology firms and research laboratories have opened new avenues for animal parasiticides. This has facilitated increased research for genetically modified vaccines, sprays and oral tablets. Important market players such as Merck Animal Health have invested in a robust portfolio of veterinary medicines and vaccines. The company’s pioneering work is in the biologics field, where they use new technologies addressing a range of diseases.
An example of this is investment in adjuvant technology to boost vaccine effectiveness. The SPHEREON technology is the company’s most significant innovation. The technology enables veterinary hospitals to freeze-dry live poultry vaccines into small, highly soluble particles or spheres. This enables veterinarians to administer vaccines in large batches.
Global Animal Parasiticides Market: Application Insights
Ectoparasiticides are anticipated to account for more than half of the overall animal parasiticides market during the forecast period. Rise in population of external parasites such as lice, ticks, mites, fleas and flies which feed on animal blood and eventually human cells if ingested, are likely to drive the growth of this segment. Ectoparasiticides veterinary medicine is gaining immense traction because of this. Moreover, key manufactures of Ectoparasiticides host major conferences to raise awareness about the different ectoparasiticides for dogs, cats and cattle that are inhibiting their growth. Research is on to develop strong anti-parasite formulae. Projected CAGR for Ectoparasiticides is pegged at 6.1%.
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Endoparasiticides are expected to gain significant traction throughout the forecast period, registering a CAGR of 5.7%. Increase in worm control measures in companion animals by key players is likely to boost the growth of Endoparasiticides.
Global Animal Parasiticides Market: Regional Insights:
North America is set to dominate the global animal parasiticides market throughout the forecast period. Increasing investment in animal health space, particularly in the companion animal therapeutics sector, is a key growth catalyst for North America. The region is estimated to account for three-tenth of the total market share, expanding at a CAGR of 5.6%.
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Asia-Pacific shows an impressive market growth opportunity for animal parasiticides throughout the forecast period. Projections indicate a market value of US$ 2.1Bn, expanding at a CAGR of 6.7% by 2026. The increasing domestic pet population and the subsequent ability of people to spend on healthcare, high demand for good quality meat and milk from animals and the subsequent research and development in animal healthcare are expected to steer market growth. The Asia-Pacific region is poised to capture more than two-fifth of the global animal parasiticides market.
Global Animal Parasiticides Market Key Manufacturers
The global animal parasiticides market is highly consolidated, dominated by the following five market players: Merck Animal Health, Zoetis, Inc., Ceva Sante Animale, Elanco Animal Health and Boehringer Ingelheim GmbH. These companies invest in research and development in manufacturing quality medicines and vaccines, diagnostic products and genetic tests. Zoetis Inc., for instance, received an FDA approval for a new combination parasite preventative drug for dogs christened Simparica TrioTM in February 2020. This drug is the first all-in-one protection against heartworm diseases, ticks, fleas and roundworms in a single monthly chewable. It is the first combination isoxazoline formula for dogs in the United States.
Another market leader, Merck Animal Health, operates in the animal care domain by manufacturing drugs for companion animals, equines, swine, poultry and aquaculture. Its products include ACTIVYL® for flea infestation protection, POSATEX® and MOMETAMAX® for treating bacterial ear infections and VETSULIN® for treating diabetes mellitus in dogs and cats. Recently, in January 2020, the company’s vaccine for piglets won the animal farm award for 2019. This was awarded for its PORCILIS® Lawsonia Vaccine for piglets, protecting them from lawsonia intracellularis, a bacterium strain which causes ileitis, a gastrointestinal disease.
COVID-19 Impact Insights
While human to human transmission of the COVID-19 virus is confirmed, there is limited evidence about the virus infecting animals. There is a possibility for domestic animals to be infected by the virus through close contact with infected humans. This is anticipated to have significant ramifications for animal care and welfare. Studies are underway to better understand the susceptibility of different animal species to the COVID-19. While there is no concrete evidence, patients are advised to avoid any kind of contact with animals as a precaution.
With respect to production, leading players have ensured that their supply chains are not disrupted. Zoetis, Inc., for instance, has reported no direct impact to its supply of anti-parasitic drugs. The company is closely monitoring the situation and has taken a number of proactive steps. For example, the company has 4-6 months of robust inventory of key products. Likewise, the company is also ensuring successful movement of goods throughout their network. The company has also been bolstering its inventory by increasing inventory positions for all aspects of their supply chain: finished goods, active ingredients and supporting components.
Another market player, Elanco Animal Health, reports that its manufacturing network is fully operational. Extra precautions for the team’s safety is a top priority of the company. Simultaneously, it is also taking steps to mitigate negative impacts on its supply chain. Measures to restrict the spread of infection include limiting travel and instituting remote working arrangements.
Analyst’s Viewpoint:
The scope for the global animal parasiticides market is anticipated to burgeon in the future. Changing climatic conditions have led to increased breeding of parasite vectors such as flies, ticks, mosquitoes and lice. Consequently, parasitic infections have registered an uptick in recent years. Stimulated by this, key manufacturers are investing in intense research and development to launch novel drugs. Regionally, North America is set to dominate, while Asia-Pacific promises attractive growth opportunities. Growth prospects are not anticipated to stall amid the COVID-19 outbreak. Robust supply chains and adequate inventory are the key reasons for this.
Global Animal Parasiticides Market: Report Scope:
The recent study on animal parasiticides by Fact.MR includes a six-year forecast period, highlighting the key drivers, opportunities and restraints. Detailed analyses of key segments, in terms of value and growth, have been incorporated in the report. The global animal parasiticides market report has been segmented on the basis of product and species.
A regional analysis across five geographies has also been conducted in the report. These regions are: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa (MEA). Each region has been analyzed based on the segments highlighted above. The analysis includes market value, market attractiveness and growth. Besides, a section on competition landscape has been embedded as well. Key manufacturers’ details, such as their revenue, market share and product developments have been elaborated. Moreover, a SWOT analysis for each market player has also been carried out.
Global animal parasiticides market- Scope of the report
The recent study by Fact.MR on global animal parasiticides market offers a 6-year forecast between 2020 and 2026. The study analyzes crucial trends that are currently determining the growth of global animal parasiticides market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of animal parasiticides. The study also provides dynamics that are responsible for influencing the future status of the global animal parasiticides market over the forecast period.
A detailed assessment of global animal parasiticides market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the global animal parasiticides market along with their product portfolio enhances the reliability of this comprehensive research study.
Global animal parasiticides market: Report summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in global animal parasiticides market across the globe.
A comprehensive estimate on global animal parasiticides market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of global animal parasiticides market during the forecast period. Price point comparison by region with global average price is also considered in the study.
Global animal parasiticides market segmentation
Fact.MR has studied the global animal parasiticides market with detailed segmentation on the basis of product, species and regions.
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Product |
Species |
Regions |
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Ectoparasiticides:
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Food-Producing Animals:
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North America |
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Endoparasiticides:
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Companion Animals:
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Europe |
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Endectocides |
Other Livestock |
Asia Pacific (APAC) |
|
|
|
Latin America |
|
|
|
Middle East & Africa (MEA) |
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Global animal parasiticides market: Analysis on market size evaluation
Global animal parasiticides market has been analyzed for each market segment, in terms of value (US$ Mn).
Market estimates at global and regional levels for animal parasiticides is available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent global animal parasiticides Market segments, along with market attractiveness evaluation has been incorporated in the report.
Global animal parasiticides market: Inspected assessment on regional segments
Key sections have been elaborated in the global animal parasiticides report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (economic and business environment outlook), which are expected to have a momentous influence on the growth of global animal parasiticides market during the forecast period.
Country-specific valuation on demand for animal parasiticides has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
Global animal parasiticides market: In-depth analysis on competitive landscape
The report sheds light on the leading manufacturers of animal parasiticides along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of animal parasiticides, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in global animal parasiticides market. Prominent manufacturers with established market presence in global animal parasiticides market are Zoetis, Inc., Merck & Co., Inc., Elanco, Boehringer Ingelheim, Ceva Sante Animale & Virbac.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Animal Parasiticides Market
4. Market Overview
4.1. Introduction
4.1.1. Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Animal Parasiticides Market Analysis and Forecast, 2020–2026
4.4.1. Market Revenue Projections (US$ Mn)
4.5. Porter’s Five Force Analysis
4.6. Market Outlook
4.7. Regulatory Scenario Assessment, by Region
4.7.1. North America
4.7.2. Europe
4.7.3. Asia Pacific
4.8. Recent Industry Activity in Animal Healthcare
4.9. Active Parasiticides by Chemical Class and Application
4.10. Product Launch and Innovations
4.11. Snapshot of Market Trend and Issues
5. Global Animal Parasiticides Market Analysis and Forecast, by Product
5.1. Introduction & Definition
5.2. Global Animal Parasiticides Market Value Forecast, by Product, 2020–2026
5.2.1. Ectoparasiticides
5.2.1.1. Oral Tablets
5.2.1.2. Dips
5.2.1.3. Spray
5.2.1.4. Spot-on
5.2.1.5. Others
5.2.2. Endoparasiticides
5.2.2.1. Oral Suspension
5.2.2.2. Injectable
5.2.2.3. Feed Additives
5.2.2.4. Others
5.2.3. Endectocides
5.3. Global Animal Parasiticides Market Attractiveness By Product
6. Global Animal Parasiticides Market Analysis and Forecast, by Species
6.1. Introduction & Definition
6.2. Global Animal Parasiticides Market Value Forecast, by Species, 2020–2026
6.2.1. Food-Producing Animals
6.2.1.1. Cattle
6.2.1.2. Poultry
6.2.1.3. Swine
6.2.1.4. Others
6.2.2. Companion Animal
6.2.2.1. Dogs
6.2.2.2. Felines
6.2.2.3. Others
6.2.3. Other Livestock
6.3. Global Animal Parasiticides Market Attractiveness By Species
7. Global Animal Parasiticides Market Analysis and Forecast, by Region
7.1. Key Findings
7.2. Global Animal Parasiticides Market Value Forecast, by Region
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Latin America
7.2.5. Middle East & Africa
7.3. Global Animal Parasiticides Market Attractiveness By Country/Region
8. North America Animal Parasiticides Market Analysis and Forecast
8.1. Introduction
8.2. North America Animal Parasiticides Market Value Forecast, by Product, 2020–2026
8.2.1. Ectoparasiticides
8.2.1.1. Oral Tablets
8.2.1.2. Dips
8.2.1.3. Spray
8.2.1.4. Spot-on
8.2.1.5. Others
8.2.2. Endoparasiticides
8.2.2.1. Oral Suspension
8.2.2.2. Injectable
8.2.2.3. Feed Additives
8.2.2.4. Others
8.2.3. Endectocides
8.3. North America Animal Parasiticides Market Value Forecast, by Species, 2020–2026
8.3.1. Food-Producing Animals
8.3.1.1. Cattle
8.3.1.2. Poultry
8.3.1.3. Swine
8.3.1.4. Others
8.3.2. Companion Animal
8.3.2.1. Dogs
8.3.2.2. Felines
8.3.2.3. Others
8.3.3. Other Livestock
8.4. North America Animal Parasiticides Market Value Forecast, by Country, 2020–2026
8.4.1. U.S.
8.4.2. Canada
8.5. North America Animal Parasiticides Market Attractiveness Analysis
8.5.1. By Product
8.5.2. By Species
8.5.3. By Country
9. Europe Animal Parasiticides Market Analysis and Forecast
9.1. Introduction
9.2. Europe Animal Parasiticides Market Value Forecast, by Product, 2020–2026
9.2.1. Ectoparasiticides
9.2.1.1. Oral Tablets
9.2.1.2. Dips
9.2.1.3. Spray
9.2.1.4. Spot-on
9.2.1.5. Others
9.2.2. Endoparasiticides
9.2.2.1. Oral Suspension
9.2.2.2. Injectable
9.2.2.3. Feed Additives
9.2.2.4. Others
9.2.3. Endectocides
9.3. Europe Animal Parasiticides Market Value Forecast, by Species, 2020–2026
9.3.1. Food-Producing Animals
9.3.2. Cattle
9.3.3. Poultry
9.3.4. Swine
9.3.5. Others
9.3.6. Companion Animal
9.3.6.1. Dogs
9.3.6.2. Felines
9.3.6.3. Others
9.3.7. Other Livestock
9.4. Europe Animal Parasiticides Market Value Forecast, by Country, 2020–2026
9.4.1. Germany
9.4.2. U.K.
9.4.3. France
9.4.4. Spain
9.4.5. Italy
9.4.6. Russia
9.4.7. Rest of Europe
9.5. Europe Animal Parasiticides Market Attractiveness Analysis
9.5.1. By Product
9.5.2. By Species
9.5.3. By Country
10. Asia Pacific Animal Parasiticides Market Analysis and Forecast
10.1. Introduction
10.2. Asia Pacific Animal Parasiticides Market Value Forecast, by Product, 2020–2026
10.2.1. Ectoparasiticides
10.2.1.1. Oral Tablets
10.2.1.2. Dips
10.2.1.3. Spray
10.2.1.4. Spot-on
10.2.1.5. Others
10.2.2. Endoparasiticides
10.2.2.1. Oral Suspension
10.2.2.2. Injectable
10.2.2.3. Feed Additives
10.2.2.4. Others
10.2.3. Endectocides
10.3. Asia Pacific Animal Parasiticides Market Value Forecast, by Species, 2020–2026
10.3.1. Food-Producing Animals
10.3.2. Cattle
10.3.3. Poultry
10.3.4. Swine
10.3.5. Others
10.3.6. Companion Animal
10.3.6.1. Dogs
10.3.6.2. Felines
10.3.6.3. Others
10.3.7. Other Livestock
10.4. Asia Pacific Animal Parasiticides Market Value Forecast, by Country, 2020–2026
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Australia & New Zealand
10.4.5. Rest of Asia Pacific
10.5. Asia Pacific Animal Parasiticides Market Attractiveness Analysis
10.5.1. By Product
10.5.2. By Species
10.5.3. By Country
11. Latin America Animal Parasiticides Market Analysis and Forecast
11.1. Introduction
11.2. Latin America Animal Parasiticides Market Value Forecast, by Product, 2020–2026
11.2.1. Ectoparasiticides
11.2.1.1. Oral Tablets
11.2.1.2. Dips
11.2.1.3. Spray
11.2.1.4. Spot-on
11.2.1.5. Others
11.2.2. Endoparasiticides
11.2.2.1. Oral Suspension
11.2.2.2. Injectable
11.2.2.3. Feed Additives
11.2.2.4. Others
11.2.3. Endectocides
11.3. Latin America Animal Parasiticides Market Value Forecast, by Species, 2020–2026
11.3.1. Food-Producing Animals
11.3.2. Cattle
11.3.3. Poultry
11.3.4. Swine
11.3.5. Others
11.3.6. Companion Animal
11.3.6.1. Dogs
11.3.6.2. Felines
11.3.6.3. Others
11.3.7. Other Livestock
11.4. Latin America Animal Parasiticides Market Value Forecast, by Country, 2020–2026
11.4.1. Brazil
11.4.2. Mexico
11.4.3. Rest of Latin America
11.5. Latin America Animal Parasiticides Market Attractiveness Analysis
11.5.1. By Product
11.5.2. By Species
11.5.3. By Country
12. Middle East & Africa Animal Parasiticides Market Analysis and Forecast
12.1. Introduction
12.2. Middle East & Africa Animal Parasiticides Market Value Forecast, by Product, 2020–2026
12.2.1. Ectoparasiticides
12.2.1.1. Oral Tablets
12.2.1.2. Dips
12.2.1.3. Spray
12.2.1.4. Spot-on
12.2.1.5. Others
12.2.2. Endoparasiticides
12.2.2.1. Oral Suspension
12.2.2.2. Injectable
12.2.2.3. Feed Additives
12.2.2.4. Others
12.2.3. Endectocides
12.3. Middle East & Africa Animal Parasiticides Market Value Forecast, by Species, 2020–2026
12.3.1. Food-Producing Animals
12.3.2. Cattle
12.3.3. Poultry
12.3.4. Swine
12.3.5. Others
12.3.6. Companion Animal
12.3.6.1. Dogs
12.3.6.2. Felines
12.3.6.3. Others
12.3.7. Other Livestock
12.4. Middle East & Africa Animal Parasiticides Market Value Forecast, by Country, 2020–2026
12.4.1. South Africa
12.4.2. GCC countries
12.4.3. Rest of Middle East & Africa
12.5. Middle East & Africa Animal Parasiticides Market Attractiveness Analysis
12.5.1. By Product
12.5.2. By Species
12.5.3. By Country
13. Competition Landscape
13.1. Market Player – Competition Matrix (By Tier and Size of companies)
13.2. Global Animal Parasiticides Market Share Analysis, by Company (2017)
13.2.1. Bayer AG.
13.2.1.1. Overview
13.2.1.2. Financials
13.2.1.3. Recent Developments
13.2.1.4. Strategy
13.2.2. Bimeda Animal Health
13.2.2.1. Overview
13.2.2.2. Financials
13.2.2.3. Recent Developments
13.2.2.4. Strategy
13.2.3. Boehringer Ingelheim GmbH
13.2.3.1. Overview
13.2.3.2. Financials
13.2.3.3. Recent Developments
13.2.3.4. Strategy
13.2.4. Ceva Santé Animale
13.2.4.1. Overview
13.2.4.2. Financials
13.2.4.3. Recent Developments
13.2.4.4. Strategy
13.2.5. Elanco (Eli Lilly and Company)
13.2.5.1. Overview
13.2.5.2. Financials
13.2.5.3. Recent Developments
13.2.5.4. Strategy
13.2.6. Merck & Co., Inc.
13.2.6.1. Overview
13.2.6.2. Financials
13.2.6.3. Recent Developments
13.2.6.4. Strategy
13.2.7. Vetoquinol
13.2.7.1. Overview
13.2.7.2. Financials
13.2.7.3. Recent Developments
13.2.7.4. Strategy
13.2.8. Zoetis, Inc.
13.2.8.1. Overview
13.2.8.2. Financials
13.2.8.3. Recent Developments
13.2.8.4. Strategy
13.2.9. Virbac
13.2.9.1. Overview
13.2.9.2. Financials
13.2.9.3. Recent Developments
13.2.9.4. Strategy
13.2.10. The Chanelle Group
13.2.10.1. Overview
13.2.10.2. Financials
13.2.10.3. Recent Developments
13.2.10.4. Strategy
13.2.11. Others
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Animal Parasiticides Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026