Animal Parasiticides Market Analysis By Product (Ectoparasiticides, Endoparasiticides, Endectocides), By Species (Food-Producing Animals, Companion Animals), & By Region Forecast - 2022 To 2032
The animal parasiticides market in the United States is a significant industry with a substantial market size. It caters to the demand for products used to control and treat parasitic infections in various animals, including pets and livestock. With a population of pets and a thriving livestock industry, the market for animal parasiticides in the United States is estimated to be worth billions of dollars annually. Animal parasiticides come in different forms, such as topical treatments, oral medications, collars, sprays, and dips. These products target a range of parasites, including fleas, ticks, mites, worms, and other external or internal pests. They provide protection and help prevent the harm caused by these parasites to animals’ health and well-being.
The application of animal parasiticides extends across different animal categories. Companion animals like dogs, cats, and horses represent a significant portion of the market, as pet owners are increasingly conscious about parasite control for their beloved pets. Livestock animals, including cattle, sheep, pigs, and poultry, also contribute to the demand for animal parasiticides due to the scale of the livestock industry in the United States. Animal parasiticides are available through various distribution channels. Veterinary clinics, pet stores, agricultural supply stores, and online retailers are common outlets where pet owners and livestock producers can access these products. Veterinarians play a crucial role in prescribing and recommending the appropriate parasiticides for pets and livestock, considering factors such as the animal’s health condition and specific parasite threats.
The United States animal parasiticides market is highly competitive, with several major players in the industry. Companies like Zoetis, Merck Animal Health, Bayer Animal Health, Boehringer Ingelheim, Elanco Animal Health, and Ceva Animal Health are among the key manufacturers and distributors of animal parasiticides in the country.
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Key findings of the Animal Parasiticides market study:
The ectoparasites segment will gain the dominant market share
Ectoparasites, as a product category, had the highest market share of about 52% in 2021. Throughout the whole projected period, this market segment is anticipated to continue to dominate.
Ectoparasiticides are anticipated to account for more than half of the whole market for animal parasiticides over the projected period. The increase in external parasites like ticks, lice, mites, flies, and fleas, which feed on the blood of these animals and eventually human cells if swallowed, is likely what is driving the growth of this industry.
Ectoparasiticides are therefore becoming increasingly common in veterinary medicine. Additionally, substantial conferences are held by key ectoparasiticide companies to disseminate information on the several ectoparasiticides for cats, calves, and dogs that are limiting their growth. Research Research is being done to create effective anti-parasite compounds. Thus, ectoparasiticides are expected to grow at a 6.3% CAGR during 2022-2032.
Competitive Landscape
Recent Devlopments:
The Animal Parasiticides industry is dominated by some prominent players including
Key Segments Covered In The Animal Parasiticides Market Report
What insights does the Animal Parasiticides report provide to the readers?
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Jun 28, 2023