Flea And Tick Product Market

The global Flea and Tick Product market was valued at US$ 1,485.7 million in 2017 and is expected to reach US$ 2,288.7 million in terms of revenue by 2024, growing at a CAGR of 5.0% from 2018 to 2024. Flea and ticks are external parasites that causes discomfort to the pets and can result to chronic diseases.

The global flea and tick product market has been segmented on the basis of different product type and distribution channel and pet type. On the basis of different product type the market has been segmented into oral pill, spray, spot on, powder, shampoo, collar and others such as injections and dips. By different pet type the market has been segmented into dog, cat and others. Rise in consciousness towards pet care, product availability through different channel, changing consumer attitudes towards pets has resulted to the rise in the demand of the global flea and tick product market. In terms of region the market has been segmented into North America, Europe, Asia Pacific, Middle East and America and South America. North America dominated the flea and tick product market owing to the rising concerns toward pets among the population and treating them as family members, which in turn has propelled the flea and tick product market.

Flea dominated as a parasite that affects most dogs and cats during their lifetime. Additionally, fleas are most common among the geriatric dog and cat population. The Southeast region of the U.S. recorded the maximum cases of flea infestation in dogs, while the North West recorded highest prevalence rates for cats. Ticks are most prevalent in dogs in the Southeast with Oklahoma accounting for a prominent share. The Northeast dominated the tick infestations in cats, while Massachusetts dominated among the other states. Increasing annual veterinary expenditure in households is considerably high in North America, thus resulting to the dominance of the flea and tick product market in North America.

The U.S. held a significant share of the flea and tick product market in North America owing to the stringent rules and regulations of United States Environmental Protection Agency and Food and Drug Administration, American Pet product Association in the country. Rising adoption of pets among the population in Europe has fueled the flea and tick product market in the region. Additionally, in recent years, people have been treating their pets as humans, thus resulting in more care toward their health. Presence of animal hospitals and clinics as a need to prevent diseases and provide welfare to the pet population has boosted the flea and tick product market in Europe.

The U.K among the other countries dominated the pet flea and tick product market in 2017 owing to the presence of stringent rules and regulations regarding pet care and wellness in the country. Asia Pacific is a highly attractive market for the flea and tick products, and it is expected to expand at a rapid pace during the forecast period. Pet acceptance rate is considerably higher for this region due to the rising adoption of western lifestyles in the region. India has the highest number dogs as pets among the population, as compared to other countries in Asia Pacific. Middle East & Africa is one of the evolving markets for the flea and tick product market over the forecast period owing to the increasing investment on pet healthcare. Rising adoption of imported pure breeds has led to an increase in spending on care, thus resulting in the rise in the demand of flea and tick products. The performance of the South America flea and tick product is strong owing to the rising number of flea and tick related diseases among the pet population. Brazil has witnessed a rapid rise in the adoption of the dog as pets, thus leading to a rise in proper care and wellness of pets among people.

Some of the key players operating in the Flea and Tick Product market across the globe are Merck Animal Health (Merck & Co., Inc.) (U.S), Virbac Corporation (Carros, France), Ceva Sante Animale S.A. (Libourne, France), Bayer AG (Leverkusen, Germany), Sergeant’s Pet Care Products, Inc. (Omaha NewYork, U.S), The Hartz Mountain Corporation (New Jersey, U.S), Ecto Development Corporation (Blue Springs, Missouri U.S.), Wellmark International, Inc. (Naperville Illinois, U.S.), Merial Animal Health Limited (Ingelheim, Germany), Eli Lilly and Company (Indianapolis, Indiana U.S.), among others in the research report. The report also offers competitive landscape of the key players in the flea and tick product market.

Segmentation:

By Product Type

• Oral Pill
• Spray
• Spot On
• Powder
• Shampoo
• Collar
• Injections And Dips

By Pet Type

• Dog
• Cat
• Others

By Geography

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • India
  • China
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America