Press release
Flea and Tick Product Market is witness a high-paced growth, expanding at a CAGR of 5.0% to reach US$2.28 bn by 2026
Sport on Flea and Tick Products to Remain Witnessing Strong Demand
Majorly, the global market for flea and tick products is assessed on the basis of the type of the product, distribution channel, and the type of the pet. Based on the type of product, the market is classified into oral pill, spray, spot on, powder, shampoo, and collar. Among these, spot on products are witnessing the most prominent demand and are closely followed by oral pills. Researchers expect this trend to remain so over the next few years.
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Based on the distribution channel, the market is categorized into vet stores, mass merchandisers, and pet super stores. Vet stores dominated the global market in 2017. With the easy availability of various animal care medicines, this segment is likely to maintain its dominance over the forthcoming years. Flea and tick products majorly find application in cats and dogs. Since the adoption of dogs is higher as compared with cats, the demand for these products is also higher in the dog segment.
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Rising Number of Pet Owners to Support North America in Maintaining Dominance
In terms of the geography, the worldwide market for flea and tick products is divided into North America, Asia Pacific, Europe, the Middle East and Africa, and South America. Thanks to the rising number of pet owners, North America has been leading the global market. The U.S. has surfaced as the most prominent domestic market for flea and tick products in this region. The North America market for flea and tick products is likely to remain dominating over the next few years.
Asia Pacific, on the other hand, has emerged as the most lucrative market for flea and tick products across the world. The increasing interest of people in owing a pet is fuelling the demand for flea and tick products in this region. Asia Pacific is anticipated to continue offering promising opportunities for growth to players operating in this market over the coming years.
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Merck Animal Health (U.S), Virbac Corp. (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 Corp. (New Jersey, U.S), Ecto Development Corp. (Blue Springs, Missouri U.S.), Wellmark International Inc. (Naperville Illinois, U.S.), Merial Animal Health Ltd. (Ingelheim, Germany), Eli Lilly and Co. (Indianapolis, Indiana U.S.) are some of the key players in the global flea and tick product market.
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