Flea And Tick Product Market Report

Market Insights

The Flea and Tick Product Market is projected to grow from USD 5.45 billion in 2021 to USD 8.58 billion by 2028 at a CAGR of around 6.65% during the forecast period of 2022-2028.

What are flea and ticks?

Fleas and ticks are defined as parasites or insects which feed on pets such as cats or dogs. These infected pets are likely to spread ticks into the human environment. Infection can lead to illness and discomfort in pets. Some of the flea and tick products available in the market include the oral pill, spot-on, powder, shampoo, collar, and others.

Market Dynamics

The growth of the flea and tick product market is primarily driven by increasing incidences of flea and tick-transmitted disease among pets. Rising spending on pet healthcare by the pet owners with growing awareness about the prevalence of this disease is expected to drive the market growth at a significant rate during the review period. In addition to this, increasing pet adoption in developing countries is likely to create lucrative opportunities for the players operating in the global flea and tick product market in the coming years.

COVID-19 Impact on Flea and Tick Product Market

The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the flea and tick product market negatively as supply chain disruptions due to imposition of lockdown affected the product availability on time and thus, affected the market growth.

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Key Players

Key players operating in the Flea and Tick Product market are-

• Merck & Co., Inc. (US)
• Virbac (France)
• CEVA Logistics (Switzerland)
• Bayer AG (Germany)
• Sergeant's Pet Care Products dba PetIQ (US)
• The Hartz Mountain Corporation (US)
• Ecto Development Corporation (US)
• Boehringer Ingelheim Animal Health (France)
• Eli Lilly and Company (US)
• Wellmark International Inc. (US).

Target Audience

Here is the list of the group of customers that the flea and tick products market hopes to have the greatest opportunity to convert-

• Flea and tick product distributors
• Flea and tick product suppliers
• Flea and tick product manufacturers
• Logistics organizations
• Government bodies

Segment Analysis

Animal Type Trends

By animal type, the flea and tick product market has been bifurcated into a dog, cat, and other. The dog segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period. The segment can be attributed to the increasing adoption of dogs as pets worldwide.

Regional Trends

By region, the North American market accounted for the largest market share in 2021 and is projected to grow at a robust CAGR during the review period. This can be attributed to the high product adoption rate coupled with the presence of key market players such as Sergeant's Pet Care Products dba PetIQ (US) and Merck & Co., Inc. (US). The market growth in Asia-Pacific is expected to be driven by increasing pet adoption in developing countries such as India and China.

Market Segmentation

The market is segmented in the following ways:

By Product Type

• Oral Pill
• Spot On
• Powder
• Shampoo
• Collar
• Other

By Animal Type

• Dog
• Cat
• Other

By Distribution Channel Type

• Vet Stores
• Pet Superstore
• Online Channel

By Region

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Report Customization

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.