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.
Albany, NY -- (SBWIRE) -- 03/30/2018 -- Globally, Fleas and ticks are a major concern to pet owners. The rising concerns of pet owners towards the proper health of the pets are influencing the growth of the global market for flea and tick products substantially. In fact, the market is expected to witness a high-paced growth over the coming years. To elaborate further on this rapidly growing market, a study titled "Flea and Tick Product Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026" has been freshly publicized to the massive database of Market Research Hub (MRH). This 200-pages study offers comprehensive insights from the market covering some prime regions. The main motive of the study is to provide an in-depth analysis of the market trends, factors in the current market along with industry growth prospects from 2013 to 2018, and forecast to 2026.
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Flea and tick prevention is one of the best ways to keep the pets well. The increasing disposable income of people across the world, enabling them to spend generously on pet care and their feed, which consequently fueling the demand for flea and tick products substantially. According to the study findings, in 2017, the opportunity in this market has gained valuation up to US$1.48 bn. Exhibiting a CAGR of 5.0% between 2018 and 2026, the market for flea and tick product will reach a value of US$2.28 bn by 2026 end.
To provide better and accurate results, the report majorly focuses on some of the prime regions including the Middle East and Africa (MEA), Europe, Asia Pacific, North America, and South America. The regional analysis section is a crucial segment of the report, which enlightens the reader about the market scenario and trending factors influencing the market shares for each region. Additionally, the report offers a detailed analysis of the key factors that are likely to shape up demand for display devices during the assessment period. In addition to in-depth information on market dynamics, the report also profiles the leading players operating in the market. A detailed analysis of the supply-chain and historical developments are also included in the report.
The next section of the report presents detailed market segmentation, which 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 the oral pill, spray, spot on, powder, shampoo, and collar. 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. On the basis of geography, the North America market for flea and tick products is likely to remain dominating over the next few years.
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The report also provides extensive competitive analysis and profiles of the principal companies in the global flea and tick product market such as Bayer AG (Leverkusen, Germany), Animal Health (Merck & Co., Inc.) (U.S), Virbac Corporation (Carros, France), Ecto Development Corporation (Blue Springs, Missouri U.S.), Ceva Sante Animale S.A. (Libourne, France), Merial Animal Health Limited (Ingelheim, Germany), Sergeant's Pet Care Products, Inc. (Omaha NewYork, U.S), Wellmark International Inc. (Naperville Illinois, U.S.), The Hartz Mountain Corporation (New Jersey, U.S), and Eli Lilly and Company (Indianapolis, Indiana U.S.).
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