Livestock Dewormers Market Size, Share & Industry Analysis, By Animal Type (Cattle, Poultry, Sheep, Goat, Swine, Others), By Route of Administration (Topical, Oral, Injectable), By End-user (VeterinaryHospital, Veterinary Clinics, Others) and Regional Forecast, 2024-2032

Livestock deworming, also called dehelmintization, drenching or worming, refers to the administration of anthelmintic drugs, to prevent or eliminate the presence of helminths parasites such as tapeworm, roundworm or flukes. The symptoms of worm infestation among livestock animals are lacking vigor, poor appetite, decrease in body weight, diarrhoea with mucus, worms & blood, anemia, and others. The parasites affect the livestock by absorbing the digested nutrients, sucking of blood, destroying tissue, and secretion of toxins. The extent of the parasitic infections is subject to the environment in which the livestock are kept and factors such as poor nutrition, overstocking, keeping of different animal breeds together and lack of cleanliness exacerbate the infection. Livestock dewormers are critical because economic losses through livestock worm infections are significant. Since the economy of many countries is dependent on livestock animals, the key players of animal health continue to launch new and improved products, further augmenting the livestock dewormers industry.  For example, in April 2019, Bimeda announced the launch of Bimectin Plus, an injectable dewormer for cattle.

Key Market Driver -

Increasing incidences of worm infections among livestock animals

Key Market Restraint -

Stringent government regulations

Global livestock dewormers market growth is being driven by the increasing prevalence of animal diseases, advancements in dewormers, increasing incidences of worm infections, and rise in the demand for meat and animal-based products.  According to a survey conducted by the United States Department of Agriculture (USDA), analyzing the needs of individuals associated with the U.S. beef industry, parasitic testing was one of the most important incentives for them. These trends combined with some other factors such as concern for animal health and active government support are expected to positively fuel the livestock dewormers market

However, side effects associated with livestock dewormers and the stringent government regulations for the approval process of livestock dewormers are the major factors that can inhibit the growth in the global livestock dewormers market.

Key Players Covered:

The major companies covered in the global Livestock Dewormers market report include First Priority, Inc., Elanco, Durvet Animal Health Products, Boehringer Ingelheim International GmbH, Bayer AG, Intervet Inc., Zoetis, Manna Pro Products LLC, Virbac, Jeffers, and others.

As per the current livestock dewormers market trends, cattle segment among the animal type is anticipated to register a higher market share in the global livestock dewormers market during the forecast period owing more cattle owners and increased consumption of beef.

Key Insights:

• Epidemiology of worm infections for key countries


• Regulatory scenario for key countries


• New Product launch


• Key mergers and acquisitions

Regional Analysis:

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The global livestock dewormers market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global livestock dewormers market owing to rising livestock population rates, increasing prevalence of livestock worm infection, and growing demand for animal products. In Europe, the livestock dewormers market is anticipated to expand owing to the growing number of veterinarians and rising concern for animal health. In Asia Pacific, the global livestock dewormers market is projected to report significant growth owing to the presence of high livestock population and advancements in animal health drugs. In Latin America and Middle East and Africa, the livestock dewormers market is likely to propel in the forecast duration owing to the increase in number of veterinary hospitals and clinics and improved investment in animal health.

Segmentation

Livestock Dewormers Industry Developments

• In April 2019, Norbrook Laboratories ltd announced the launch of Taurador, a dewormer for topical application to treat lungworms, gastrointestinal roundworms, warbles, and others in cattle.


• In April 2019, Bimeda announced the launch of Bimectin Plus, an injectable dewormer for cattle.


• In June 2018, Cargill announced the launch of NutreBeef Safe-Guard Dewormer Mineral, offering a convenient option deworming for cattle.