DUBLIN--(BUSINESS WIRE)--The "Tick Repellent Market By Type, By Method, By Application, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global tick repellent market size was valued at $13,732.8 million in 2021, and is estimated to reach $23,413.1 million by 2031, registering a CAGR of 5.5% from 2022 to 2031.
Tick repellents are products that helps to prevent and kill various parasitic ticks and fleas such as blacklegged ticks, lone star ticks, and American dog ticks that can spread various diseases among both the pets and the pet owners. The rise in awareness regarding the diseases caused by the ticks and fleas, growing health consciousness among the people, rising trend of pet humanization, rising penetration of veterinary clinics, and growing adoption of companion pets across the globe are the significant factors that are expected to boost the growth of the global tick repellent market.
Furthermore, with rising prevalence of various tick-borne diseases such as Tularemia, Powassan, Lyme, and Ehrlichiosis, the demand for the tick repellents is anticipated to grow rapidly. The surging adoption of pets among the millennials and the gen Z population in emerging nations like Asia-Pacific is presenting a lucrative growth opportunity to the market players. The rapid urbanization, rising disposable income, rising number of nuclear families, and growing preference of having pets among the young couples in the developing economies is expected to bolster the growth of the tick repellent market in the upcoming future.
However, the stringent government regulations regarding the pet safety and product quality may hamper the growth of the market. Moreover, the rising death rates of pups and kittens may have a certain negative effect on the revenues of the tick repellents. . Some studies have shown that around 7% of the kittens are still-born (dead at birth) and 9% kittens die during the first 8 weeks after birth. The major causes of death are hypothermia, hypoglycaemia, dehydration, and hypoxia.
Key Benefits
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tick repellent market analysis from 2021 to 2031 to identify the prevailing tick repellent market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the tick repellent market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global tick repellent market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Chewable
- Sub type
- Fluranaler
- Valerian
- Chamomile
- Others
- Spot-on
- Sub type
- Fipronil
- Methoprene
- Moxidectine
- Others
By Method
- External
- Internal
By Application
- Dogs
- Cats
- Others
By Distribution Channel
- Modern Trade
- Veterinary Clinics
- Convenience Stores
- Online Sales
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Spain
- Rest of Europe
- UK
- Germany
- France
- Poland
- Italy
- Russia
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Bayer AG
- Boehringer Ingelheim International GmbH
- Central Garden & Pet Company
- Ceva Sante Animale
- Elanco Animal Health Incorporated
- Merck & Co. Inc.
- Perrigo company plc
- Sergeants Pet care Products, Inc.
- Virbac
- Zoetis Inc
- The Hartz Mountain Corporation
- Beaphar b.v.
- Petedge
- Petlife International Ltd.
- Ebos group limited
For more information about this report visit https://www.researchandmarkets.com/r/lv6ou1
