The presence of animal hospitals and clinics has strengthened the flea and tick products market
The global flea and tick product market was valued at US$ 1,485.7 million in 2017 and is predicted to increase at a CAGR of 5.0 percent from 2018 to 2024, reaching US$ 2,288.7 million in sales. External parasites such as fleas and ticks cause discomfort in dogs and can lead to chronic diseases
.The global market for flea and tick products has been split by product type, distribution channel, and pet type. The market has been categorised into oral pill, spray, spot on, powder, shampoo, collar, and others such as injections and dips based on distinct product types. The market has been divided into dog, cat, and other types of pets.The global flea and tick product market has seen an increase in demand due to increased awareness of pet care, product availability through various channels, and changing consumer attitudes about pets. The market has been divided into five regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America has dominated the flea and tick product industry as a result of increased public concern over pets and considering them as family members, which has boosted the flea and tick product market.
Fleas have dominated as a parasite that infects the majority of dogs and cats at some point in their lives. Fleas are also more prevalent in the elderly dog and cat population. The Southeast of the United States had the most incidences of flea infection in dogs, whereas the North West had the greatest prevalence rates of flea infestation in cats. Ticks are most common in dogs in the Southeast, with Oklahoma accounting for a significant portion of the total. Tick infestations in cats were most common in the Northeast, with Massachusetts leading the way among the other states. In North America, annual veterinary expenditure in families is increasing at an alarming rate, culminating in the flea and tick product market's domination..
Due to the strict rules and regulations of the United States Environmental Protection Agency and Food and Drug Administration, as well as the American Pet Product Association, the United States had a substantial share of the flea and tick product industry in North America. Pet adoption is on the rise in Europe, which has driven the region's flea and tick product market. Furthermore, in recent years, individuals have begun to regard their pets as persons, resulting in increased attention to their health. The presence of animal hospitals and clinics has strengthened the flea and tick product industry in Europe as a requirement to prevent infections and give welfare to the pet population.
Virbac Corporation (Carros, France), Merial Animal Health Limited (Ingelheim, Germany), Eli Lilly and Company (Indianapolis, Indiana U.S.),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),Merck Animal Health (Merck & Co., Inc.) (U.S), Ecto Development Corporation (Blue Springs, Missouri U.S.), Wellmark International, Inc. (Naperville Illinois, U.S.) are some of the key players operating in the Flea and Tick Product market across the globe among others in the research report. The report also offers competitive landscape of the key players in the flea and tick product market.
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