Flea and Tick Products Market

Flea and Tick Products Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
2018-2026
Flea and tick products are pesticides, growth inhibitors or repellents used to treat or
prevent flea and tick infestations in animals such as dogs and cats. Fleas causes
itching and allergic reaction that results in anemia in animals and ticks transmits
infections such as Lyme disease. An increase in awareness of the diseases
transmitted by fleas such as bubonic plague, murine typhus and by ticks such as
ehrlichiosis, Rocky Mountain spotted fever, Lyme disease and anaplasmosis among
others is propelling the growth of this market. According to the Centers for Disease
Control and Prevention, reported cases of Lyme disease in the U.S. in 2016 were
26,203.
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For instance, according to The European Pet Food Industry Federation, total value of
pet related products and services in 2014 in Europe was US$ 18.49 billion which
increased to US$ 19.72 billion in 2016. The development of innovative flea and tick
products by various manufacturers is increasing the growth of this market. For
instance, in January 2017, Pets Essential Products launched Chicken and Sweet
Potato Jerky treat, which is a natural treat to prevent fleas and ticks in dogs and cats.
It consists of brewer’s yeast, garlic, and vitamin B, which produces an odor that
repels fleas, ticks, and other insects.
However, increasing concern over the side effects of the flea and tick products such
as rash, loss of hair, itching with discoloration, changes in body temperature,
tremors, vomiting, diarrhea, lack of coordination, and lethargy is restraining the
growth of the flea and tick products market.
Flea and Tick Products Market Outlook
North America is the largest flea and tick products market, owing to increasing
number of pet owners. According to the American Pet Products Association (APPA),
68% of all the U.S. households own pets. Furthermore, in 2016, 39% of dogs and
19% of cats were provided with flea or tick protection or prevention or cure at
veterinarian’s office in the U.S.
Asia Pacific is the fastest growing flea and tick products market due to increasing
awareness of pet health and adoption of pet healthcare products. According to
Animal Medicines Australia, parasiticides such as flea and tick products were the
highest sold healthcare products in 2015 in Australia.
Europe has lucrative demand for flea and tick products from the pet owners.
According to The European Pet Food Industry Federation, total number of
households having at least one pet was 75 million in 2014, which increased to 80
million in 2016. Various agencies including European Medicines Agency regulates
the flea and tick products in this region. For instance, in July 2017, European
Medicines Agency announced that conclusions associated with the side effects of
Bravecto, which is used to treat tick and flea in dogs and cats should be mentioned
on the package. In February 2017, the Committee for Medicinal Products for
Veterinary Use (CVMP) granted marketing authorization to Credelio, which is a
chewable tablet for treatment of flea and tick infestation in dogs.
Flea and tick products market is highly competitive and manufacturers are launching
new innovative products to sustain their position in the market. For instance, in
February 2018, Natural Solutions LTD launched a new formula for flea and tick
control products. In March 2016, PetLock launched pet products to treat and prevent
fleas, ticks, and other pests indoors and outdoors. In November 2017, MSD Animal
Health launched Bravecto Spot-on for dogs, which offers 12 week protection from
tick and flea. Pet Industry Experts LLC launched NuDay Pet Natural Flea and Tick
products in March 2017.
Key players operating in the global flea and tick products market are Bayer AG,
Virbac SA, Merck & Company, Inc., Ecto Development Corporation, Boehringer
Ingelheim GmbH, Eli Lilly and Company, MSD & Co. Inc., Novartis International AG,
Pet Industry Experts LLC, Zoetis, Inc., and Promika, LLC.
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Flea and tick products market report categorizes global market by product type,by pet and by distribution channel.Report includes, global industry insights, trends, outlook, and opportunity analysis, 2018-2026

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