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Part of: Animal Parasiticides Market (Global)

The South Korea Animal Parasiticides Market was valued at $26.77 Million in 2026 and projected to reach to $28.31 Million by 2031, representing a compound annual growth rate of CAGR 5.5%. South Korea's animal parasiticides market is poised for consistent growth driven by the nation's thriving companion animal sector and increasing consumer awareness of pet health.

South Korea Animal Parasiticides Market (2026-2031) : Size and Share
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Market Size in USD 26.32 MN
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South Korea Animal Parasiticides Market Trends and Insights

  • Brazil's market is driven by the country's substantial livestock sector, including cattle ranching and poultry production, which creates consistent demand for effective parasite control solutions.
  • The market in Brazil reflects regional agricultural priorities and regulatory frameworks specific to Latin America's largest economy. Growth in Brazil's animal parasiticides sector is supported by increasing awareness of animal health management, rising productivity standards in agribusiness, and the need to prevent parasitic diseases that impact livestock yield and quality.
  • Brazil's position as a leading exporter of beef and poultry reinforces investment in veterinary health products.
  • Between 2026 and 2031, Brazil's market expansion will be shaped by domestic farming practices, import-export dynamics, and evolving pest resistance patterns affecting the region..

Key Market Statistics

  • CAGR (2026-2031) CAGR 5.5%
  • Market Size, 2026 ~USD 26.77 Million
  • Forecast, 2031 ~USD 28.31 Million
  • Country South Korea

South Korea Animal Parasiticides Market Overview

Market Valuation :

South Korea's animal parasiticides market is valued at USD 26.77 million in 2026 and is projected to reach USD 28.31 million by 2031, representing steady growth in the region.

Growth Trajectory :

The market is expanding at a CAGR of 5.5% through 2031, outpacing broader economic trends and reflecting increasing investment in animal health and disease prevention across South Korea.

Pet Ownership Surge :

South Korea's rapidly growing pet population and rising pet healthcare spending are driving demand for premium parasiticide products, particularly in urban areas like Seoul and Busan.

Regulatory Environment :

Stringent veterinary pharmaceutical regulations and quality standards in South Korea support market growth by favoring established manufacturers and creating barriers to low-quality imports.

South Korea Animal Parasiticides Market Dynamics

  • The country's high pet ownership rates, coupled with rising disposable incomes and willingness to spend on premium veterinary care, create favorable conditions for parasiticide product expansion.
  • Additionally, South Korea's advanced veterinary infrastructure and strong regulatory framework support market professionalization. The forecast period through 2031 will likely see innovation in product formulations, including combination therapies and long-acting solutions.
  • Growing e-commerce penetration in the veterinary pharmaceutical space and increased collaboration between domestic and international manufacturers will further accelerate market development.
  • The market's 5.5% CAGR reflects South Korea's position as a mature yet expanding market within the Asia-Pacific region..

Related Ecosystem

Animal Health

Top Technologies
  • Polymerase Chain Reaction (PCR) Tests
  • Porcine
  • Immunodiagnostics
  • Lateral Flow Assays
  • Microarrays
Top Companies
  • Zoetis Inc.
  • Patterson Companies, Inc.
  • Virbac
  • Elanco Animal Health Incorporated
  • BOEHRINGER INGELHEIM GMBH

    Key Takeaways

    • Brazil's animal parasiticides market is valued at USD 26.77 million in 2026 and will reach USD 28.31 million by 2031.
    • Brazil's market grows at a 5.5% CAGR, driven by the country's large livestock and poultry sectors.
    • Brazil's agricultural export leadership creates sustained demand for veterinary parasite control products.
    • Brazil's market growth is supported by rising animal health awareness and productivity standards in agribusiness.

    Animal Parasiticides Market Report Scope

    Report Metric Details
    Base Year 2026
    Fastest Growing Segment DOGS (Livestock Animal)
    Forecast Period 2026–2031
    Growth Rate CAGR of 6.2% from 2026 to 2031
    Largest Segment US (Type)
    Market Size Base Year (Billions) ~USD 12.95 (2026)
    Revenue Forecast (Billions) ~USD 17.5 (2031)
    Segments Covered Type, Animal Type, End User, Livestock Animal, Injectable Type, Product Type

    South Korea Animal Parasiticides Market Report Segmentation

    6 segment dimensions are covered across the global market.

    By Type

    • Collars
    • Dips
    • Ear Tags
    • Ectoparasiticides
    • Endectocides
    • Endoparasiticides
    • Feed Additives
    • Injectable Endectocides
    • Injectables
    • Oral Endectocides
    • Oral Liquids
    • Oral Solids
    • Oral Tablets
    • Other Ectoparasiticides
    • Other Endoparasiticides
    • Pour-Ons & Spot-Ons
    • Sprays
    • Topical Endectocides

    By Animal Type

    • Cats
    • Cattle
    • Companion Animals
    • Dogs
    • Horses
    • Livestock
    • Livestock Animals
    • Other Companion Animals
    • Other Livestock
    • Pigs
    • Poultry
    • Sheep & Goats

    By End User

    • Animal Farms
    • Home Care Settings
    • Veterinary Hospitals & Clinics
    • Veterinary Hospitals And Clinics

    By Livestock Animal

    • Cattle
    • Other Livestock
    • Pigs
    • Poultry
    • Sheep & Goats

    By Injectable Type

    • Long-Acting/Extended-Release Injectables
    • Standard/Short-Acting Injectables

    By Product Type

    • Collars
    • Dips
    • Ear Tags
    • Endoparasiticides Feed Additives
    • Endoparasiticides Injectables
    • Endoparasiticides Oral Liquids
    • Endoparasiticides Oral Solids
    • Injectable Endectocides
    • Oral Endectocides
    • Oral Tablets
    • Pour-Ons & Spot-Ons
    • Sprays
    • Topical Endectocides

    Target Audience

    • Veterinary Pharmaceutical Manufacturers : Manufacturers need South Korea-specific market data to develop localized product portfolios, set competitive pricing, and identify distribution partnerships in this high-value market.
    • Animal Health Distributors & Retailers : Distributors require detailed market insights to optimize inventory management, forecast demand for parasiticide products, and capitalize on South Korea's growing pet healthcare spending.
    • Investment & Private Equity Firms : Investors evaluating opportunities in South Korea's veterinary sector need precise market sizing and growth projections to assess acquisition targets and portfolio companies.
    • Veterinary Clinics & Hospital Networks : Veterinary practitioners need market intelligence on product trends, competitor offerings, and consumer preferences to optimize their parasiticide product selection and procurement strategies.
    • Market Entry & Business Development Teams : Companies planning South Korea expansion require localized market analysis, competitive benchmarking, and regulatory insights to develop effective market entry and growth strategies.

    Key Companies in the South Korea Animal Parasiticides Market

    CompanyHQOwnershipStrongest segments
    AGRIUM INC.CanadaPrivate CompanyNitrogen-based crop nutrients,Potash,Phosphate-based crop nutrients,
    HENRY SCHEINUnited StatesPublic CompanyGlobal Distribution and Value-Added Services,Global Specialty Products,Global Technology,
    TEREOSFrancePrivate CompanySugar and sweetening ingredients,Starches and plant-based ingredients,Alcohol, ethanol and industrial derivatives,
    PATTERSON COMPANIES, INCUnited StatesPrivate CompanyDental (consumables, equipment, software, services),Animal Health (biologicals, pharmaceuticals, diets, equipment, private label),Corporate and Financing,
    ZOETIS INC.United StatesPublic CompanyCompanion animal pharmaceuticals (parasiticides, dermatology, pain, anti-infectives),Livestock pharmaceuticals and vaccines,Diagnostics (point-of-care, instruments, reference labs, glucose monitors),
    MERCK & CO., INCUnited StatesPublic CompanyOncology (Keytruda, Keytruda Qlex, Welireg, ADC collaborations),Vaccines (Gardasil, pediatric, pneumococcal, rotavirus),Animal Health (livestock, Allflex, companion animal),
    ELANCOUnited StatesPublic CompanyCompanion animal parasiticides (Seresto, K-9 Advantage, Advantix, Advocate, Credelio family, Interceptor Plus, Drontal family),Companion animal vaccines and therapeutics (Galliprant, Atopica, Milbemax, Onsior, Tru Family and other brands),Cattle products (Rumensin, Baytril, Experior and related),
    VIRBACFrancePublic CompanyCompanion-animal parasiticides (Prevexto and related),Companion-animal nutrition & petfood (incl. Vikaly, Ursolyx-linked nutrition),Companion-animal behavior & wellness (Zenidog/Zenifel),
    CEVAUnited StatesPublic Company5G/Cellular Baseband IP (PentaG-RAN, PentaG2, XC20/21/23, Ceva-BX2),Short-Range Connectivity IP (Ceva-Waves Bluetooth/Wi-Fi/UWB/Links/DragonFly),Sensing, Audio, and Motion IP (SensPro, BX1, ClearVox, RealSpace, MotionEngine),
    VETOQUINOLFrancePublic CompanyCompanion animal chronic-care (mobility, pain, dermatology, behavior, cardio-nephrology),Antiparasitics (internal and external) across species,Livestock antibiotics and udder health,
    KRKA, D. D., NOVO MESTOSloveniaPublic CompanyPrescription pharmaceuticals – cardiovascular,Prescription pharmaceuticals – CNS and pain,Prescription pharmaceuticals – GI, diabetes, other,
    ECO - ANIMAL HEALTH LTD.United KingdomPublic CompanyAivlosin (macrolide antibiotic),Endectocides and antiparasitics (Ecomectin, Ecoheart, Ecotraz, Ecomintic),Tetracyclines (Chlortetracycline, Oxytetracycline),
    OUROFINO SAúDE ANIMALBrazilPublic CompanyProduction Animals – Medicines & Vaccines,Production Animals – Additives & Probiotics,Companion Animals – Therapeutics & Preventives,

    AGRIUM INC.

    Agrium Inc. is a Canadian private company founded in 1992 that employs 15,300 people. The company operates in the agricultural sector, providing products and services to support farming operations.

    HENRY SCHEIN

    Henry Schein is a United States-based public company founded in 1932 with 25,000 employees. The company is a major distributor of healthcare products and services to dental, medical, and veterinary professionals.

    TEREOS

    Tereos is a French private company founded in 1996 with 10,241 employees. The company operates in the agribusiness and food processing industries.

    PATTERSON COMPANIES, INC

    Patterson Companies, Inc. is a United States private company founded in 1877 with 7,600 employees. The company is a distributor of dental, animal health, and other professional products and services.

    ZOETIS INC.

    Zoetis Inc. is a United States public company founded in 2012 with 14,500 employees. The company is a leading global manufacturer and distributor of medicines and vaccines for animals.

    MERCK & CO., INC

    Merck & Co., Inc. is a United States public company founded in 1891 with 74,000 employees. The company is a major pharmaceutical and healthcare company producing medicines, vaccines, and animal health products.

    ELANCO

    Elanco is a United States public company founded in 1954 with 9,650 employees. The company is a global animal health company that develops and markets medicines and vaccines for livestock and companion animals.

    VIRBAC

    Virbac is a French public company founded in 1968 with 6,442 employees. The company specializes in the development and distribution of veterinary pharmaceuticals and products for animal health.

    CEVA

    Ceva is a United States public company founded in 1999 with 400 employees. The company operates in the animal health sector.

    VETOQUINOL

    Vetoquinol is a French public company founded in 1933 with 2,454 employees. The company develops and manufactures veterinary pharmaceuticals and health products for companion animals and livestock.

    KRKA, D. D., NOVO MESTO

    Krka, d.d., Novo Mesto is a Slovenian public company founded in 1954 with 13,204 employees. The company is a pharmaceutical manufacturer producing medicines for human and animal health.

    ECO - ANIMAL HEALTH LTD.

    Eco-Animal Health Ltd. is a United Kingdom public company founded in 1972 with 200 employees. The company develops and supplies veterinary pharmaceuticals and animal health products.

    OUROFINO SAúDE ANIMAL

    Ourofino Saúde Animal is a Brazilian public company founded in 1987 with 1,086 employees. The company develops and markets veterinary pharmaceuticals and animal health solutions.

    Reasons to Buy this Report

    • Market-Specific Sizing & Forecasts : Access precise valuation data for South Korea's parasiticides market with detailed 2026-2031 projections, enabling accurate budget allocation and revenue forecasting for regional operations.
    • Competitive Landscape Intelligence : Understand South Korea's unique competitive dynamics, including local veterinary pharmaceutical players, distribution channels, and market entry barriers specific to this regulated market.
    • Pet & Livestock Segment Breakdown : Gain insights into South Korea's companion animal versus livestock parasiticide demand, identifying high-growth segments and tailoring product strategies accordingly.
    • Regulatory & Compliance Guidance : Navigate South Korea's stringent veterinary pharmaceutical approval processes and quality standards with market-specific regulatory insights to accelerate product launches.
    • Strategic Growth Opportunities : Identify emerging opportunities in e-commerce distribution, premium product positioning, and partnerships with South Korean veterinary clinics and pet retailers.

    Frequently asked questions

    What is the current size of Brazil's animal parasiticides market?

    Brazil's animal parasiticides market is valued at USD 26.77 million in 2026.

    What is the projected market size for Brazil by 2031?

    Brazil's animal parasiticides market is projected to reach USD 28.31 million by 2031.

    What is the CAGR for Brazil's animal parasiticides market?

    Brazil's animal parasiticides market is expected to grow at a CAGR of 5.5% from 2026 to 2031.

    What drives growth in Brazil's animal parasiticides market?

    Growth in Brazil is driven by the country's large livestock and poultry sectors, rising animal health awareness, and Brazil's position as a leading agricultural exporter.

    How does Brazil's market compare to the global animal parasiticides market?

    Brazil's market grows at 5.5% CAGR, slightly below the global CAGR of 6.2%, reflecting regional agricultural dynamics and market maturity.

    RESEARCH METHODOLOGY

    This research study extensively utilized both primary and secondary sources. It involved analyzing various factors influencing the industry to identify segmentation types, industry trends, key players, the competitive landscape, key market dynamics, and strategies employed by key players.

    Secondary Research

    This research study utilized a variety of comprehensive secondary sources, including directories, databases such as Bloomberg Business, Factiva, and Dun & Bradstreet, white papers, annual reports, company house documents, investor presentations, and SEC filings from various companies. Secondary research was employed to gather information crucial for an in-depth, technical, market-oriented, and commercial analysis of the animal parasiticides market. This approach also helped identify key players in the industry and allowed for classification and segmentation based on emerging trends at the most detailed level. Furthermore, significant developments pertaining to both market and technological perspectives were documented. A database of primary industry leaders was created as part of this secondary research.

    Primary Research

    In the primary research process, a range of sources from both the supply and demand sides were interviewed to gather qualitative and quantitative information for this report. Primary sources from the supply side included project/sales/marketing/business development managers, presidents, CEOs, vice presidents, chairpersons, chief operating officers, chief strategy officers, directors, chief information officers, and chief medical information officers related to the animal parasiticides market. Primary sources from the demand side included R&D and product development teams at animal health companies, veterinary clinicians, procurement managers at veterinary hospitals and clinics, and purchasing heads across livestock farms and animal health distribution networks.

    Animal Parasiticides Market Size, and Share

    Note: Tiers are defined based on a company’s total revenue. As of 2025: Tier 1 = >USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3 = <USD 500 million. C-level executives include CEOs, COOs, CTOs, and VPs. Other designations include sales, marketing, and product managers.

    To know about the assumptions considered for the study, download the pdf brochure

    Market Size Estimation

    The total size of the animal parasiticides market was determined after data triangulation from three approaches, as mentioned below. After each approach, the weighted average of the three approaches was taken based on the level of assumptions used in each approach.

    Animal Parasiticides Market Top Down and Bottom Up Approach

    Data Triangulation

    After arriving at the market size, the total market was divided into several segments and subsegments. Data triangulation and market breakdown procedures were employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

    Market Definition

    Animal parasiticides or antiparasitics are medications used to prevent, mitigate, and treat internal and external parasitic infestations in companion and livestock animals. Parasiticides are usually categorized as endoparasiticides, ectoparasiticides, and endectocides. They are available in various formulations, such as oral liquids, tablets, injectables, pour-ons, spot-ons, drenches, ear tags, collars, and sprays. A parasiticide is selected depending on the type of parasite, type of animal, and the number of animals to be treated.

    Key Stakeholders

    • Animal Parasiticide Manufacturers
    • Animal Parasiticide Distributors
    • Animal Health R&D Companies
    • Veterinary Clinics and Hospitals
    • Veterinary Pharmaceutical Associations
    • Veterinary Research Institutes and Universities
    • Venture Capitalists and Investors
    • Market Research and Consulting Firms
    • Government Associations

    Report Objectives

    • To define, describe, segment, and forecast the animal parasiticides market by type, animal type, end user, and region
    • To provide detailed information about the factors influencing market growth (such as drivers, restraints, opportunities, and challenges)
    • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
    • To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
    • To forecast the size of the market in five main regions (along with their respective key countries): North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
    • To profile the key players in the market and comprehensively analyze their core competencies and market shares
    • To track and analyze competitive developments such as acquisitions, product launches, expansions, collaborations, agreements, and partnerships

    Available customizations:

    With the given market data, MarketsandMarkets offers customizations to meet your company’s specific needs. The following customization options are available for the report:

    Company Information
    • Detailed analysis and profiling of additional market players (up to 5)
    Geographic Analysis
    • Further breakdown of the Rest of Europe animal parasiticides market into Austria, Finland, Switzerland, and other countries
      Further breakdown of the Rest of Latin America animal parasiticides market into Colombia, Chile, and other countries
    Competitive Landscape Assessment
    • Market share analysis for North America and Europe, which provides market shares of the top 3–5 key players in the animal parasiticides market
    • Competitive leadership mapping for established players in the US

     

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