Animal Parasiticides Market Projected to Reach USD 16.5 Billion by...

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Fitness

Animal Parasiticides Market Projected to Reach USD 16.5 Billion by 2031 as Climate Change Expands Parasite Reach Threats

2025-04-03 12:31:34 • Views

[Hyderabad, April 3^rd, 2025] – The worldwide market for animal parasiticides was valued at USD 9.1 billion in 2023 and is expected to expand at a CAGR of 7.9% through 2031, ultimately reaching USD 16.5 billion. With parasite seasons lengthening and the risks of zoonotic diseases rising, the animal parasiticides market is poised for substantial growth, expected to nearly double by 2031.

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Market Expansion Highlights

2023 Valuation: USD 9.1 billion
2031 Projection: USD 16.5 billion
Key Growth Segments:

Combination products (40% CAGR)
Livestock parasiticides (USD 4B opportunity)

Innovation Spotlight

Zoetis Simparica Trio

First 5-in-1 monthly report chewable
98% efficacy against Lyme-carrying ticks

Merck Bravecto

12-week protection against singles dose
90% reduction in Anaplasma transmission

Boehringer Ingelheim NexGard COMBO

Ticks+fleas+heartworm+mites protection
Pork-flavored for feline acceptance

Sector Challenges & Solutions

Challenge: Rising drug resistance

Solution: Novel isoxazoline class compounds

Challenge: Owner compliance

Solution: Vet-embedded microchip reminders

Expert Commentary

"We're fighting evolving parasites with smarter chemistry - today's preventatives target parasites at multiple life stages."
– Dr. Sarah Chen, International Parasitology Society

Recent Milestones

USDA's USD 50 million grant for livestock parasite research research
First AI-Powered Parasite Forecast Maps (April 2024) launch)

Future Outlook

2025: mRNA-based vaccines for heartworm
2027: Smart collars that detect and report infestations
2030: 30% of products will break resistance formulations

For more insights, visit https://clearviewmarketinsights.com/

About Clearview Market Insights:

Clearview Market Insights is a leading market research and consulting firm providing in-depth industry analysis and strategic recommendations for businesses worldwide.

Media contact:

Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: sales@clearviewmarketinsights.com
Phone: +1 917-993-7369

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Animal Parasiticides Market Projected to Reach USD 16.5 Billion by 2031 as Climate Change Expands Parasite Reach Threats

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