Animal parasiticides or antiparasitics are chemical substances used to eradicate parasites that infect pets and other animals and subsequently improve animal health. According to BlueQuark the Global Animal Parasiticides Market is expected to grow considerably during the forecasted period. Factors such as the rising zoonotic disease prevalence and transmission from pets and farm animals to humans and rising animal healthcare expenditure are expected to drive the Animal Parasiticides Market in the forecasted period. Further, an increase in animal healthcare expenditure for animal welfare to improve livestock animal health is expected to drive the Animal Parasiticides Market in the forecasted period. Furthermore, the increased accessibility to veterinary services due to the development in the number of veterinary practitioners and continuous development in animal parasiticides products is expected to drive the Animal Parasiticides Market in the forecasted period. However, certain restraints are affecting the global animal parasiticides market, such as a growing preference for vegetarian food and diet, the stringent approval process for animal parasiticides, and restrictions on the use of parasiticides in food-producing animals.

Growing awareness of zoonotic diseases, which can be transmitted from animals to humans, underscores the importance of controlling animal parasites. Preventing parasites in pets and livestock reduces the risk of disease transmission, enhancing market growth. Viruses, bacteria, fungi, and protozoans cause zoonotic diseases in animals, which tend to catch a human host during an animal-human interaction. Once the disease affects humans and spreads, it can cause catastrophic consequences. The animal-human exchange has risen over the past few decades. The increasing rate of pet adoption, dairy farming, cattle rearing, and other non-farming activities involving domesticated animals to gain an additional source of income have all contributed to the rising animal-human interaction. The changing land patterns that have encroached upon the natural habitat of several animals have also increased the human-animal conflict.

The rising climate change concerns have rendered animals vulnerable to changing biosphere conditions, followed by fatal infections and diseases. The increased human-animal interaction also renders humans equally vulnerable to these infections and diseases. These zoonotic diseases have the potential to damage the food and social and economic security of the country. Most of the world consumes meat, and a reduction in animal population due to preventable diseases or, worse, human deaths due to the unchecked spread of zoonotic diseases can cause a food crisis, economic loss, and a disbalance in the ecosystem. The need to control the spread of zoonotic diseases by spreading awareness about animal parasiticides as an effective preventive measure to ensure animal health will drive the market's growth. Therefore, the increasing prevalence of zoonotic diseases will propel the global animal parasiticides market's growth.

North America dominates the animal parasiticides market due to increased consumption of animal-derived food products, rising demand for companion animal healthcare products, and rising demand for innovative parasiticides by veterinarians, pet owners, and food-producing animal producers. At the same time, Asia-Pacific is expected to grow fastest due to increased farm animal populations and a focus on healthcare practices. The market for animal parasiticides is significantly influenced by the growing trend of pet ownership, particularly in urban areas. Effective parasiticides to manage fleas, ticks, worms, and other parasites are required as more people keep pets as companions to ensure their health and well-being. The world livestock sector is constantly developing to keep up with the demand for animal protein. Increasing animal utilization of ectoparasiticides for treating insect infestation, such as lice, mites, fleas, and ticks, and growing investment in developing new veterinary products will enhance business performance. Endectocides have low mammalian toxicity, are convenient to use, and exhibit broad-spectrum activity against arthropods and nematodes, making them an ideal solution for animal healthcare management. Besides, the commendable rise in pet ownership across developed economies and the availability of these products in varied ranges, such as sprays, dips, collars, pour-ons and spot-ons, ear tags, oral tablets, and others, will favour market expansion.

Poultry, swine, cattle, sheep, and goats are examples of production animals. In several nations, beef, bacon, lamb, chicken, and pork are the primary protein sources in their daily diet. The human diet also heavily relies on poultry, from eggs to cheese. Worldwide, people eat milk and a variety of milk-based products. Goats, cows, buffalos, and sheep are raised for various uses, including milk and meat. Additionally, cattle significantly contribute to a farmer's additional income through milk sales. Users can contract numerous infections or zoonotic diseases through direct contact with livestock animals or goods they produce. Therefore, achieving animal health is essential, including protecting them from pathogens using animal parasiticides. Since they can directly affect humans through them or their products, livestock animals are treated with the best medications to protect them from infections or other harmful health problems. Given their multiple uses, the dominance of livestock animals in the global market explains the significant demand for animal parasiticides from the segment.

The market key players are Eli Lilly and Company., Merck and Co., Inc., Bayer AG, Virbac, Vetoquinol S.A.

In September 2022, the British Veterinary Association (BVA), the British Small Animal Veterinary Association, and the British Veterinary Zoological Society (BVZS) collaborated to create a five-point plan to assist veterinary professionals in using parasiticide products responsibly in dogs and cats.

In April 2022, Vetoquinol announced that Felpreva, a brand-new innovation in feline parasite protection, is now available for veterinarians to prescribe in the United Kingdom market. This statement comes after the Veterinary Medicines Directorate (VMD) awarded a marketing authorization in November 2021.

Global Animal Parasiticides Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Animal Parasiticides Market by segmenting based on Product Type (Ectoparasiticides, Endectocides, Endoparasiticides), Animal (Companion Animals, Food-producing Animals), End User (Veterinary Hospitals and Clinics, Animal Farms, Home Care Settings), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report examines the market drivers and restraints and the impact of COVID-19 on market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and project.