Flea and Tick Product Market to Witness Steady Growth
Stratview Research delivers key insights on the global Flea and Tick Product Market. According to Stratview Research, the market is segmented By Product (Oral Pill, Spot On, Powder, Shampoo, Collar, Other), Animal Type (Dog, Cat, Other), Distribution Channel (Vet Stores, Pet Superstore, Online Channel), and Region.
Market Insights
The Flea and Tick Product Market is projected to grow from USD 5.1 billion in 2020 to USD 7.6 billion by 2026 at a CAGR of around 6.8% during the forecast period.
Market Segments' Analysis
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 2020 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.
By region, the North American market accounted for the largest market share in 2020 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.
Key Players
The following are some of the key players in the Flea and Tick Product Market:
· 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).
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