Global Flea and Tick Product Market: Snapshot
The global market for flea and tick products is gaining substantially from the increasing concerns among pet owners over proper healthcare of their pets. The increasing disposable income of people across the world, enabling them to spend generously on pet care and their feed, is also fueling the demand for flea and tick products substantially. In 2017, the opportunity in this market rose to US$1.48 bn. Over the coming years, the market is expected to witness a high-paced growth, expanding at a CAGR of 5.0% between 2018 and 2026 and reach a value of US$2.28 bn by 2026 end.
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.
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.
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.
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.
Global Flea and Tick Product Market: Overview
The flea and tick Product report provides analysis for the period 2016–2026, where in the period from 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and key drivers playing a major role in flea and tick product growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence market’s growth during the said period. The study provides a holistic perspective on the flea and tick product market growth throughout the above mentioned forecast period in terms of revenue (in US$ Mn), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).
The market overview section of the report demonstrates the market dynamics and trends that influence the current nature and future status of this market. An attractiveness analysis has also been provided for every geographic region in the report, in order to give a thorough analysis of the overall competitive scenario of the Flea and Tick Product market. Moreover, the report provides an overview of the various strategies adopted by key players of flea and tick product present in the market. Product definition and introduction chapter helps in understanding different types of flea and tick product used across all the regions.
Global Flea and Tick Product Market: Segmentation
The global flea and tick product market has been segmented on the basis of type, size, end user, distance and cargo type. The global flea and tick product market is segmented by product type, distribution channel and pet type. The flea and tick product market is segmented by product type into oral pill, spray, spot on, powder, shampoo, collar and others. On the basis of distribution channel, the flea and tick product market is segregated into vet stores, mass merchandise, pet superstore and online channel. On the basis of pet type, the flea and tick product market is segmented into dog, cat and others. Thus, the report provides in-depth cross-segment analysis of the flea and tick product and classifies it into various levels, thereby providing valuable insights at the macro as well as micro levels.
Moreover, report also provides in depth study of size of flea and tick product type distribution channel and pet type. The report also highlights the competitive landscape of the flea and tick product market, thereby positioning all the major players according to their geographic presence and recent key developments. In competitive landscape report also includes in depth study of top players of flea tick product market. The comprehensive flea and tick product estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews.
Global Flea and Tick Product Market: Regional Analysis
On the basis of country, North America market is divided into The U.S., Canada and Rest of North America. Similarly, Europe market is divided into Germany U.K., France, and Rest of Europe. Asia Pacific has been segmented into China, Japan, India and Rest of Asia Pacific. Middle East and Africa covers the G.C.C. countries, South Africa, and Rest of Middle East and Africa.
Similarly, South America region includes Brazil and Rest of South America. This report provides all the essential information required to understand the flea and tick product type. Furthermore, Porter’s Five Forces analysis explains the factors which are currently affecting the flea and tick product market.
Companies Mentioned in the Report
Some of the major players of the flea and tick market 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.
The global flea and tick product market is segmented as follows:-
By Product Type
- Oral Pill
- Spot On
- Others (Injection, Drops, Dips)
By Distribution Channel
- Vet Store
- Mass Merchandiser
- Pet Superstore
- Online Channel
By Pet Type
- Others (Rabbit, Mice)
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific
- New Zealand
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America