Global Tick Repellent Market Analysis: Size, Drivers, Trends, Opportunities, And Strategies
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At What Rate is the Tick Repellent Market Predicted to Expand Between 2024 and 2033?
The tick repellent market has experienced notable growth recently, projected to grow from $0.83 billion in 2023 to $0.88 billion in 2024, reflecting a CAGR of 6.0%. This growth is driven by changing climate patterns extending tick seasons, strict regulations promoting tick repellents, increasing veterinary recommendations, growth in pet travel and mobility, and the globalization of pet product markets.
The tick repellent market is set to reach $1.12 billion by 2028 with a CAGR of 6.1%. Growth factors include the global rise in pet populations and consumer preference for natural tick repellents. Key trends involve advancements in veterinary medicine, improved tick repellent formulations, and corporate social responsibility initiatives focused on pet health.
What Forces Are Boosting the Tick Repellent Market’s Growth?
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.
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What Key Segments Make Up the Tick Repellent Market?
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
What Are the Latest Trends Impacting the Tick Repellent Market?
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.
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What Regions Are Dominating the Tick Repellent Market Growth?
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.
The Tick Repellent Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the tick repellent market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Tick Repellent Market Include
1. Tick Repellent Market Executive Summary
2. Tick Repellent Market Segments
3. Tick Repellent Market Size And Template Market Growth Rate
4. Key Tick Repellent Market Trends
5. Major Tick Repellent Market Drivers
……
25. Key Mergers And Acquisitions In The Tick Repellent Market
26. Top Tick Repellent Companies
27. Tick Repellent Market Opportunities And Strategies
28. Tick Repellent Market, Conclusions And Recommendations
29. Appendix
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