The Tick Repellent Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Tick Repellent Global Market Report 2024, The tick repellent market size has grown strongly in recent years. It will grow from $0.83 billion in 2023 to $0.88 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to changing climate patterns leading to extended tick seasons, stringent regulations promoting the use of tick repellents, rising veterinary recommendations, growth in pet travel and mobility, and globalization of pet product markets.
The tick repellent market size is expected to see strong growth in the next few years. It will grow to $1.12 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to growing pet populations globally, increasing preference among consumers for natural and organic tick repellents, pet humanization trend, increasing focus on preventive healthcare, and increasing availability of pet health insurance. Major trends in the forecast period include technological advancements in veterinary medicine, improved formulations and effectiveness of tick repellents, companies aligning CSR goals with pet health initiatives, continued advancements in formulation technology, and research and development investments.
The growth in pet ownership is expected to propel the growth of the tick repellent market going forward. Pet ownership is rising due to increased emotional companionship needs and the growing recognition of pets’ positive impact on mental health. Tick repellents for pets are used to deter ticks from attaching to animals, providing protection against tick-borne diseases such as Lyme disease and Ehrlichiosis. For instance, in October 2023, according to the American Pet Products Association, a US-based non-profit association, there were 86.9 million US households that owned a pet, which is 66% of households in 2022. Additionally, in November 2022, according to Animal Medicines Australia, an Australia-based association representing animal health, 69% of households owned pets in Australia in 2022. Therefore, the growth in pet ownership is driving the growth of the tick repellent market.
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The tick repellent market covered in this report is segmented –
1) By Type: Pills And Chewables, Topical Treatments, Other Types
2) By Distribution Channel: Modern Trade, Veterinary Clinics, Convenience Stores, Online Sales
3) By Application: Dogs, Cats, Other Applications
Major companies operating in the tick repellent market are focusing on developing advanced products, such as plant-based tick repellent, to gain a competitive edge in the market. A plant-based tick repellent is a substance derived from natural plant extracts that is used to deter ticks from attaching to humans or animals, offering protection against tick-borne diseases without the use of synthetic chemicals. For instance, in April 2022, VCM Products, LLC, a US-based manufacturer of pest control products, launched EcoBuggy. EcoBuggy is a natural, 100% plant-based mosquito and tick repellent that provides up to six hours of continuous protection against mosquitoes and up to eight hours against ticks. It outperforms many other natural repellents on the market. The product uses hydrogel-time-release (HTR) technology, which gradually releases its active ingredients over time, ensuring prolonged effectiveness. This innovative formula is free from diethyltoluamide (DEET) and picaridin, making it safe for use around children, pets, and fabrics, and environmentally friendly.
The tick repellent market report table of contents includes:
1. Executive Summary
2. Tick Repellent Market Characteristics
3. Tick Repellent Market Trends And Strategies
4. Tick Repellent Market – Macro Economic Scenario
5. Global Tick Repellent Market Size and Growth
…..
32. Global Tick Repellent Market Competitive Benchmarking
33. Global Tick Repellent Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Tick Repellent Market
35. Tick Repellent Market Future Outlook and Potential Analysis
36. Appendix
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