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DUBLIN--(BUSINESS WIRE)--Nov 25, 2022--
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
Key Market Segments
By Type
By Method
By Application
By Distribution Channel
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/lv6ou1
View source version on businesswire.com:https://www.businesswire.com/news/home/20221125005202/en/
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KEYWORD:
INDUSTRY KEYWORD: GENERAL HEALTH HEALTH OTHER HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/25/2022 08:41 AM/DISC: 11/25/2022 08:41 AM
http://www.businesswire.com/news/home/20221125005202/en