South Korea Equine Parasiticides Market was valued at USD 0.1 Billion in 2022 and is projected to reach USD 0.15 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030.
The South Korea equine parasiticides market has seen significant growth in recent years, driven by an increasing demand for efficient parasite control in horses. Equine parasiticides are crucial for maintaining the health and well-being of horses, as they help in preventing parasitic infections that can adversely affect the animals' health and productivity. With South Korea's growing equine industry, the need for effective parasiticides has become even more pressing, particularly in racing and breeding operations.
One of the primary drivers of the South Korean equine parasiticides market is the expanding horse racing industry. South Korea has developed into one of Asia's most competitive racing hubs, and this has created a demand for highly effective parasiticides that can ensure the health of racehorses. Equine parasiticides are essential in protecting horses from worms, gastrointestinal parasites, and ectoparasites, all of which can severely impact a horse’s performance and health. As a result, many equine-related industries are increasingly relying on advanced parasiticides to maintain optimal health standards.
Another significant factor influencing the market is the rising awareness among horse owners and breeders about the importance of preventive healthcare. Many horse owners now recognize the need to protect their animals from parasitic infestations, leading to greater demand for reliable and easy-to-use parasiticidal treatments. The availability of a wide range of products, including oral dewormers, injectable solutions, and topical treatments, has made it easier for the industry to meet these growing needs.
From the agricultural perspective, the equine parasiticides market also plays a vital role in ensuring the productivity of horses used for farming and transport. Effective parasite control is essential not just for racing and breeding but for horses involved in daily tasks. As more farmers and businesses adopt better equine management practices, the demand for high-quality parasiticides continues to rise.
In conclusion, the South Korea equine parasiticides market is poised for further growth as the country's equine industry expands. The increasing demand for effective parasite control, coupled with rising awareness about animal health, will continue to fuel market development. The need for innovative solutions to combat parasitic infestations in horses is critical, and the South Korean market is likely to see more advanced, targeted parasiticides to meet the needs of both commercial and private horse owners.
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Boehringer Ingelheim
Zoetis
Merck
Elanco
Bayer
Virbac
Ceva Sante Animale
Vetoquinol
Bimeda Animal Health
Chanelle
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Equine Parasiticides Market
Macrocyclic Lactones
Benzimidazoles
Isoxazolines
Praziquantel
Others
Injectable
Oral Paste
Topical Solutions
Powders
Pellets
Therapeutic Use
Prophylactic Use
Combination Therapy
Rescue Therapy
Roundworms
Tapeworms
Bot Flies
Strongyles
Others
Veterinary Clinics
Online Retail
Brick-and-Mortar Stores
Farm Supply Stores
Others
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Equine Parasiticides Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Equine Parasiticides Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Equine Parasiticides Market, By Type
6. South Korea Equine Parasiticides Market, By Application
7. South Korea Equine Parasiticides Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Equine Parasiticides Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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