Animal parasiticides are chemicals that kill parasites that aren't fungi or bacteria in livestock, pets, and other animals. These are inert ingredients that are created in a formulation and contain one or more active ingredients. The chemical structures of most parasiticidal active ingredients are similar, and they share many characteristics. Chemical classes or families are frequently used to categorise them. Additionally, the global animal parasiticides market is expected to grow due to increased accessibility to veterinary services due to an increase in the number of veterinary practitioners, as well as continuous developments in animal parasiticides products.
In the best-case scenario, the COVID-19 pandemic has had a positive impact on the Animal Parasiticides Market. Many developed and developing countries saw an increase in dog and cat adoption from animal shelters as a result of the pandemic. For a brief period, this increased demand for pet care products. However, due to rumours that animals could be COVID-19 reservoirs, pet dogs have been abandoned and animal cruelty has been reported during the pandemic. In a realistic scenario, COVID-19's impact on the animal parasiticides market would be mixed. During the second quarter of 2020, there was a significant drop in animal health products. For example, Elanco Animal Health Incorporated (US), a major player in the animal health industry, saw a 32.4 percent drop in Q2 due to lower demand in the companion animal industry, particularly in clinically administered pharmaceuticals.
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