Animal or pest parasiticides are chemicals used to eradicate pests that infect livestock, pets and other animals and subsequently improve animal health. Most finished pesticide products consist of one or more active ingredients that help to perform a specific action against specific pests. Parasiticides also include inert ingredients (water and alcohol) called solvents (stabilizers, preservatives, emulsifiers, etc.). The size of the animal parasiticide market is expected to grow at a significant rate due to the increased adoption of companion animals worldwide.
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Global taxonomy of the animal parasiticide market
The global perspective of the animal parasiticide market can be classified according to the type of parasiticide, the type of animal and the end user. There are five types of parasiticides, namely ectoparasiticides, endoparasiticides, endectocides, anthelmintics and antiprotozoans. The parasiticides used to kill external parasites in animals such as fleas, ticks, lice, fleas and mites are called ectoparasiticides. Most ectoparasiticides are called pesticides, as these chemicals are also used for agricultural and sanitary purposes. Similarly, endoparasiticides are used to kill internal parasites such as fever, roundworm and tapeworm in animals. Most endoparasiticides are defined as a veterinary medicine, since the active ingredients of the products are not used for agriculture and hygiene purposes. Endectocides or macrocyclic lactones are effective in both internal and external parasites. They are natural products or chemically modified derivatives that show a strong parasiticidal efficacy in animals. Based on their chemical structure, endectocides are segmented into avermectins and milbemycins. Parasiticides are available in various formulations, ie liquids, tablets, injectables, sprays, spot-ons and pour-ons.
Based on the type of animal, the global market scenario of animal parasiticides can be segmented into animals for the production of food (cattle, pigs, poultry, sheep and goats) and pets (dogs, cats and horses). On the basis of the end user, the global animal parasiticide market is divided into farms, research and development facilities and veterinary clinics. The increase in the adoption of pet animals in the Asia-Pacific region is an important driving factor that feeds the demand for animal parasiticides in veterinary clinics.
The increase in livestock population and the increase in the adoption of companion animals in the Asian Pacific region is expected to stimulate the growth of the size of the animal parasiticide market in the forecast period.
From a geographical point of view, the market prospects of global animal parasiticides can be segmented into North America, Europe, Asia Pacific, Latin America and the Middle East. The key factors driving growth in the adoption of animal parasiticides in Europe and North America include the growing adoption of companion animals, a large number of R & D activities, increased spending for animal health and the increase in demand for animal-derived food products. However, Asia Pacific (India, China, Australia, Japan and Malaysia) should be the most profitable market for animal parasiticides in the future due to a number of driving factors such as the increase in the number of animals pet, livestock population growth, increased spending on animal health and increasing awareness of animal health.
Trends in animal parasiticides market
Key drivers for the growth of the world market of animal parasiticides include an increasing awareness of animal zoonoses, a growing number of animal population especially in the developing countries of the world, a growing demand for food and animal proteins and ; increase in animal research activities. Furthermore, the increase in animal health costs and government initiatives to protect animal health feeds the demand for animal parasiticides. However, the high cost of research and development activities, new species of pests, strict regulatory policies for the approval of animal pests and the high cost of pesticides for animals hinder growth of the animal parasiticide market.
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There have been various consolidation activities in the global animal health sector. In just one year, Boehringer Ingelheim acquired Sanofi's animal health business, Novartis sold its animal health business to Eli Lilly and Merck Animal Health (a subsidiary of Merck & Co.) acquired Vallee, one of leading manufacturers of animal health products based in Brazil. Some of the major market players operating in the global pesticide market include Boehringer Ingelheim, Bayer Ag, Eli Lilly And Company, Ceva Sante Animale, Novartis Ag, Merck & Co., Inc., Zoetis, Inc., Virbac Sa and Merial .
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