Global Flea and Tick Product Market Overview:
Fleas and ticks are not only a pesky infestation for dogs and homes, but they can also cause some serious health problems, like dermatitis, anemia, and even tapeworms, so it's important to keep the pet safe from these invasive bugs. Increasing awareness regarding pet health has projected the growth of the global flea and tick market. Flea and tick products are a diverse arsenal employed to safeguard our furry companions from the pesky and potentially harmful threats posed by these parasites. These products come in various forms, each with its advantages and considerations.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Awareness Regarding Petcare
Market Growth Drivers:
Increasing Pet Ownership and Government Initiatives Aimed at Increasing Awareness Pertinent to Prevention of Flea and Tick Product
Challenges:
Adverse Reaction in Animals after its Usage could be a Probable Hurdle
Restraints:
High Cost of Associated with Products
Opportunities:
Increasing Demand for Flea and Tick Product in European Region
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Merck & Co., Inc. (United States), Virbac (France), Ceva (United Kingdom), Bayer (Germany), PetIQ (United States), Hartz (United States), Ecto Development (United States), Merial (France), Eli Lily (United States), Nestlé Purina PetCare (United States) and Zoetis Petcare (United States). Analyst at AMA Research see European and United States Vendors to retain maximum share of Global Flea and Tick Product market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Vet Stores will boost the Flea and Tick Product market. Considering Market by Animal, the sub-segment i.e. Canine will boost the Flea and Tick Product market. Considering Market by End User, the sub-segment i.e. Veterinary Clinics will boost the Flea and Tick Product market.
Latest Market Insights:
In November 2023, Pet care giant Nestlé Purina PetCare announced it had acquired Leederville Animal Health, a leading Australian developer and manufacturer of flea and tick prevention products for pets. The acquisition strengthens Purina's presence in the Asia-Pacific market.
In December 2023, Zoetis Petcare launched Simparica Trio, a new chewable tablet for dogs that combines flea and tick prevention with heartworm prevention. The product is available in three formulations for different dog sizes.
What Can be Explored with the Flea and Tick Product Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Flea and Tick Product Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Flea and Tick Product
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Flea and Tick Product market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Flea and Tick Product market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Flea and Tick Product Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.