Press release
Rising Pet Ownership Drives Growth In The Tick-Repellent Market: An Emerging Driver Transforming The Tick Repellent Market Landscape
Tick Repellent
What Is the Projected Growth of the Tick Repellent Market?
The tick repellent market has shown strong growth in recent years. It will rise from $0.88 billion in 2024 to $0.93 billion in 2025 at a CAGR of 6.3%. This growth is driven by changing climate patterns, leading to longer tick seasons, stricter regulations encouraging tick repellent use, increased veterinary recommendations, growth in pet travel, and the globalization of pet product markets.
The tick repellent market is projected to grow to $1.18 billion by 2029 at a CAGR of 6.0%. This is due to rising pet ownership, preference for natural products, the humanization of pets, preventive health focus, and broader insurance coverage. Trends include vet medicine innovations, improved product formulations, corporate pet health initiatives, and continued R&D efforts.
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What Are the Different Tick Repellent Market Segments?
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
Subsegments:
1) By Pills And Chewables: Oral Tablets, Oral Chewables
2) By Topical Treatments: Spot-On Treatments, Sprays, Powders
3) By Other Types: Collars, Shampoos, Wearable Devices
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What Are the Primary Drivers Shaping the Tick Repellent Market?
The growing pet ownership is expected to drive the growth of the tick repellent market. More people are adopting pets due to the emotional and mental health benefits they offer. Tick repellents are used to protect pets from diseases like Lyme disease. For example, in October 2023, the American Pet Products Association reported that 66% of US households owned a pet in 2022. This growth in pet ownership is contributing to the tick repellent market's expansion.
Which Companies Are Leading in the Tick Repellent Market?
Major companies operating in the tick repellent market are Merck & Co. Inc., Bayer AG, Boehringer International GmbH, S.C. Johnson & Son Inc., Zoetis Inc., Perrigo Company plc., Elanco Animal Health, FMC Global Specialty Solutions, Central Garden & Pet Company, Ceva Sante Animale S.A., Wellmark International Inc., Virbac Corporation, The Hartz Mountain Corporation, Penn Veterinary Supply Inc., Sergeant's Pet Care Products Inc., Central Life Sciences, Insect Shield LLC, AdvaCare Pharma, Ecto Development Corporation, Nantucket Spider, Fulltec GmbH, AtlanTick
What Are the Major Trends Shaping the Tick Repellent Market?
Companies in the tick repellent market are developing advanced plant-based tick repellents to maintain a competitive advantage. VCM Products, LLC, a US-based manufacturer, launched EcoBuggy in April 2022. This plant-based, 100% natural mosquito and tick repellent offers up to six hours of protection against mosquitoes and eight hours against ticks. It uses hydrogel-time-release technology and is free from harmful chemicals like DEET, making it safe for children, pets, and the environment.
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What Are the Top Revenue-Generating Geographies in the Tick Repellent Market?
North America was the largest region in the tick-repellent market in 2023. The regions covered in the tick repellent market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Tick Repellent Market?
2. What is the CAGR expected in the Tick Repellent Market?
3. What Are the Key Innovations Transforming the Tick Repellent Industry?
4. Which Region Is Leading the Tick Repellent Market?
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