Precision Business Insights has published a report on the global animal parasiticides market, estimating its value at USD 10.4 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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The market refers to the industry focused on products that prevent and treat parasitic infections in animals. These include ectoparasiticides (targeting external parasites like fleas and ticks), endoparasiticides (for internal parasites such as worms), and endectocides (which work against both internal and external parasites). The market is driven by factors like increasing pet ownership, rising concerns about zoonotic diseases, and growing investments in veterinary healthcare.

The animal parasiticides market is driven by several key factors:

• Rising prevalence of animal diseases: Increasing cases of parasitic infections in pets and livestock are fueling demand for effective treatments.
• Growing pet ownership: More households are adopting pets, leading to higher spending on animal healthcare.
• Concerns about zoonotic diseases: The risk of parasites transmitting diseases to humans is pushing investments in veterinary medicine.
• Advancements in formulations: Companies are developing more efficient and eco-friendly parasiticides, enhancing market growth

The global animal parasiticides market segmentation:
1) By Type: Endoparasticides, Ectoparasiticides, Endectocides
2) By Livestock: Swine, Poultry, Ovine, Bovine, Equine, Canine, Feline
3) By Form: Sprays, Oral Liquids, Solids, Injectable, Others

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Regional Overview:
The report also examines the current concerns and their Future Effects on the animal parasiticides market by the region. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Virbac (France), Ceva Sante Animale (France), Ourofino (Brazil), Eli Lilly and Company (U.S.), Vetoquinol S.A. (France), Intervet Inc., a subsidiary of Merck & Co. Inc. (U.S.), Zoetis, Inc. (U.S.), Bayer AG (Germany), Perrigo Company Plc. (Ireland), Boehringer Ingelheim (Germany)

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