Overview:
Flea and ticks are parasites that cause discomfort and illness in pets which can affect humans too. Fleas and ticks can be easily controlled by usage of safe and effective products or by keeping animals far off places where flea and ticks thrive. Tick bites are irritating and painful while the variety of diseases they transmit are anaplasmosis, babesiosis ehrlichiosis etc. Ticks prefer moist, dark and bushy areas to lay eggs.
Global flea and ticks product market is estimated to .witness growth in the upcoming years mainly due to increasing concerns of pet owners to provide adequate healthcare treatment to their pets. Increase in disposable income which enables to provide the desired treatment to pets coupled with change in behavior and attitude of consumers for pets over the past few years is fueling the growth of demand of flea and tick products across the world. Further, initiatives by government for welfare of animal health as well as increasing consumer awareness for health such as preventing close proximity from infected pets, tick bites, and transmittable disease are other drivers for flea and ticks product market. Moreover, distribution channels such as super stores and vet stores are expanding coupled with rising likeliness for companionship with pets along with increasing trend of pet business by attending pet shows etc. are expected to accelerate the flea and tick product market.
On the basis of type, the global flea and ticks product market is subdivided into oral pill, spray, spot on, powder, shampoo, collar, and others. Among these, spot on is on high demand due to its rapid action and effectiveness. By distribution channel, the same market is segmented into into vet store, pet superstore, mass merchandiser, and online channel. Based on pet type, flea and ticks product market is segmented into dog, cat, and others such as mice and rat. Due to easy availability of animal care products, Vet stores dominated the distribution channel in 2017. While by pet type, dogs have witnessed more application of flea and ticks than any other pet animal. These segments are anticipated to continue to lead the market during the forecast period. However, presence of fake products at a discounted rate than actual products expected to hamper the growth of flea and ticks products market.
By geography, the global flea and ticks product market is segmented into North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. North America is leading the flea and ticks products market with major contribution from the U.S. This is mainly attributed to rising pet adoption and high expenditure for pets which is expected to continue to dominate the flea and ticks product market. Asia Pacific is forecasted to closely follow North America due to emergence of interest to own pets. In addition to this, Europe is also anticipated to continue to grow in the upcoming years mainly due to presence of prominent animal healthcare products manufacturers. Germany contributes to the larger part of the Europe flea and tick market products market share.
Global flea and ticks product market is segmented as below:
Key players across the global flea and ticks product market value chain are:
Merck Animal Health, Sergeant’s Pet Care Products Inc. , Wellmark International Inc. , The Hartz Mountain Corp., Bayer AG , Ceva Sante Animale S.A. , Merial Animal Health Ltd. , Ceva Sante Animale S.A., Ecto Development Corp., Eli Lilly and Co. among others.
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