Livestock Dewormers Market Size (2024 - 2029)

The livestock dewormers market is projected to experience growth over the forecast period, driven by an increase in parasitic diseases among livestock and a rising demand for animal-based food products globally. The market's expansion is attributed to the direct correlation between the consumption of animal meat and milk and the need for effective disease treatment and prevention. Despite challenges posed by the COVID-19 pandemic, which temporarily disrupted routine deworming activities, the market has shown resilience and is expected to continue its upward trajectory. However, the market's growth may be hindered by the side effects associated with dewormers and the need for better implementation of infection management programs by farmers.

Market Size of Livestock Dewormers Industry

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Livestock Dewormers Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 7.80 Billion
Market Size (2029) USD 9.92 Billion
CAGR (2024 - 2029) 4.93 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Livestock Dewormers Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Livestock Dewormers Market Analysis

The Livestock Dewormers Market size is estimated at USD 7.80 billion in 2024, and is expected to reach USD 9.92 billion by 2029, growing at a CAGR of 4.93% during the forecast period (2024-2029).

COVID-19 had a significant impact on the livestock dewormers market since routine deworming activities were delayed or canceled due to the unavailability of veterinary doctors around the globe. The American Veterinary Medical Association reported that in September 2021, due to COVID-19, veterinary clinics had a challenging 18+ months, and many veterinarians were forced to adapt to the changes it caused. In the early months of the outbreak, veterinary clinics only received urgent cases because they were operating as required businesses. This significantly impacted the livestock dewormers market. However, as the restrictions were lifted, the livestock dewormers market bounced back and is expected to witness growth in the coming years due to an increase in parasitic diseases in livestock animals.

The rise in demand for animal-based food products, including animal meat and milk, all across the globe is expected to fuel the market growth, owing to the direct association of animal meat and milk consumption with the demand for treatment and cure of any animal disease. For instance, according to Eurostat, the annual meat production, such as bovine, poultry, pigs, and sheep, has constantly been increasing in the European market. European Union pork production grew in the first five months of 2021, according to data from the European Union Commission. The European Union produced 1.88 million tonnes of pork in May, down 1% from April but up 5% (96,600 tonnes) year-on-year. 19.87 million clean pigs were slaughtered during the month, 5% (949,500 head) more than a year ago. This is due to the growing demand for protein-rich food, primarily driven by the rise in health consciousness among consumers, globally.

Parasitic diseases are quite common in animals around the world. For instance, as per an article published in June 2022 in Hindawi, helminthic infections were still present in the animals despite the widespread use of broad-spectrum antiparasitic medications by farmers in recent years. This circumstance demonstrated the farmers' failure to effectively implement helminthic infection management programs. Such studies throw light on the need to provide proper education to farmers and thereby increase the demand for dewormers across the globe.

While the market looks to develop, side effects associated with dewormers are expected to restrain the market growth.

Livestock Dewormers Industry Segmentation

As per the scope of the report, livestock deworming, also called determinization, drenching, or worming, refers to the administration of anthelmintic drugs to prevent or eliminate the presence of helminths parasites such as tapeworm, roundworms, or flukes. 

The livestock dewormers market is segmented by Animal Type (Cattle, Swine, Poultry, and Other Animals), Mode of Administration (Oral, Topical, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above-mentioned segments.

By Animal Type
Cattle
Swine
Poultry
Other Animal Types
By Mode of Administration
Oral
Topical
Other Modes of Administration
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Livestock Dewormers Market Size Summary

The livestock dewormers market is poised for significant growth over the forecast period, driven by the increasing demand for animal-based food products globally. This demand is closely linked to the necessity for effective treatment and prevention of parasitic diseases in livestock, which are prevalent despite the use of broad-spectrum antiparasitic medications. The market's recovery from the disruptions caused by the COVID-19 pandemic, which had delayed routine deworming activities, is expected to continue as restrictions ease and veterinary services normalize. The rise in health consciousness among consumers has further fueled the demand for protein-rich foods, thereby boosting the need for livestock dewormers.

North America plays a crucial role in the market's expansion, supported by the growing awareness of veterinary diseases and the implementation of animal healthcare programs. The increasing prevalence of livestock worm infections and the rise in livestock and poultry businesses contribute to the market's growth. The cattle segment, in particular, is expected to see substantial development due to the high population of cattle and the importance of cattle farming in many economies. The market is moderately competitive, with several international companies like Bayer AG, Boehringer Ingelheim GmbH, and Zoetis Inc. actively participating. These companies are involved in research and development to enhance deworming solutions, which is anticipated to further drive market growth.

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Livestock Dewormers Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rise in Prevalence of Parasitic Diseases in Livestock Animals

      2. 1.2.2 Growth in Demand for Animal-based Food Products

    3. 1.3 Market Restraints

      1. 1.3.1 Side Effects Associated with Dewormers

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 2.1 By Animal Type

      1. 2.1.1 Cattle

      2. 2.1.2 Swine

      3. 2.1.3 Poultry

      4. 2.1.4 Other Animal Types

    2. 2.2 By Mode of Administration

      1. 2.2.1 Oral

      2. 2.2.2 Topical

      3. 2.2.3 Other Modes of Administration

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Livestock Dewormers Market Size FAQs

The Livestock Dewormers Market size is expected to reach USD 7.80 billion in 2024 and grow at a CAGR of 4.93% to reach USD 9.92 billion by 2029.

In 2024, the Livestock Dewormers Market size is expected to reach USD 7.80 billion.

Livestock Dewormers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)