NEWARK, Del, June 23, 2022 (GLOBE NEWSWIRE) -- According to a recent report by Future Market Insights (FMI), the tick repellent market is expected to exceed a valuation of US$ 819.1Mn in 2022 at a CAGR of over 5.5% through 2032.
Companies are focused on increasing production along with extending the product range owing to the rising adoption of these products. Manufacturers are coming up with number of effective, safe, and totally natural tick repellent for animals.
Turmeric oil, lemon eucalyptus oil, and geranium oil are some popular essential oils used in natural tick repellents. There are numerous tick repellent recipes that are made from essential oils and other natural ingredients. For instance, Australian native eucalyptus trees are valued for their natural production of eucalyptus, which can be a tick deterrent. Both the CDC and the EPA recommend lemon eucalyptus oil as a natural tick repellent.
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Growing consumer awareness regarding the benefits of tick repellents is driving the market. An Increasing demand for natural and herb-based tick repellents in urban areas is expected to boost demand in the forthcoming years.
Furthermore, government agencies have taken qualitative measures to protect against these diseases by encouraging the use of tick repellent products such as sprays, which will continue augmenting the growth in the market over the forecast period.
“Increasing adoption of tick repellent products for the prevention and treatment of tick-borne diseases in pet animals and potential risk of transmission in humans will fuel the growth in the market,” says an FMI analyst.
Key Takeaways:
- Dog segment is expected to hold a noteworthy revenue share of 42.7% in 2022.
- Based on method, sales of external tick repellents will remain high.
- In terms of product type, demand for chewable tick repellents will grow at a 6.4% CAGR over the forecast period.
- By sales channel, the online retailers segment will expand at a 9.2% CAGR over the assessment period.
- India will dominate the South Asia tick repellent market through 2032. Sales in the South Asia market are projected to grow at a 7.2% CAGR over the assessment period.
- The U.K. will account for 22.5% of the Europe tick repellent market share over the forecast period.
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Competitive Landscape
Leading manufacturers of tick repellent are focusing on aggressive promotional strategies, advertisements, and new product launches to improve sales. Key players are investing in mergers, acquisitions, and collaborations to expand their global presence.
Merck & Co., Inc., Zoetis Inc., Boehringer International GmbH, Bayer AG, Elanco Animal Health, Ceva Santé Animal, Perrigo Company plc., Central Garden & Pet Company, Virbac Corporation and The Hartz Mountain Corporation are some of the leading players operating in the market.
Global Tick Repellent Market by Category
By Product Type:
- Chewable
- Fluralaner
- Valerian
- Chamomile
- Others
- Spot On
- Methoprene
- Fipronil
- Moxidectin
- Others
By Pet Type:
- Dogs
- Cats
- Others (Birds, Horses, etc.)
By Method Type:
- Internal
- External
By Sales Channel:
- Modern Trade
- Convenience Stores
- Veterinary Clinics
- Online Retail
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Key Statistics
1.3. Summary of Key Findings
1.4. Evolution Analysis
1.5. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.1.1. Supportive Government Initiatives Aimed At Increasing Awareness Pertinent To Prevention Of Tick
3.1.2. Increasing Prevalence Of Flea And Tick Borne Illness In Animals
3.1.3. Rising Penetration Of Oral Chewable Ectoparasiticide Tablets In The Market To Control FTH In The Companion Animals
3.1.4. Growing Awareness About Tick Based Diseases In Veterinarians And Pet Owners
Details TOC For Tick Repellent Market Analysis 300 Pages Report
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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