A recent report published by Infinium Global Research on tick repellent market provides an in-depth analysis of segments and sub-segments in the global as well as regional tick repellent market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional tick repellent market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global tick repellent market. According to the report, the global tick repellent market is projected to grow at a CAGR of 4.79% over the forecast period of 2019-2025.
Ticks cause various diseases including Lyme disease, fever, Powassan, Ehrlichiosis, Tularemia, and others. Both pets and their owners need to be protected from the ticks for better health of both. Tick repellants typically consist of chemical active ingredient which acts son ticks. While the manufacturers are developing new types of tick repellents derived from natural ingredients including essential oils and natural solutions.
As people are adopting more pets, the pet industry is growing at a faster rate. The increasing population of pets led to the growing sale of the pet-related products including pet food and pet care products. This is one of the major driving factors for the growth of the tick repellent market. Moreover, the increasing disposable income of the population is encouraging them to spend more on their pets. This has contributed to the growth of the tick repellent market. Furthermore, various NGOs and government organizations are taking care of pets as well as helping to create awareness regarding pet health. Many pet-care centers and shelter homes for pets have been built, which boosts the demand for tick repellents. However, many pet owners tend to ignore the health of the pet and are unaware of the tick-related conditions, which is the major restraining factor for the growth of the tick repellent market. Nevertheless, increasing the sale of tick repellent products online is anticipated to offer favorable opportunities to the players in the market.
Based on geography, North America generated the highest revenue from tick repellent, dominating the global market. The largest share of the North America market attributed to the increase in the adoption of pets and growing awareness among the people regarding pet health in the region. Moreover, the tick repellent products in North America are available in various forms according to the requirement of pets and their owners, which is anticipated to boost the tick repellent market in this region. Following North America, Asia-Pacific held a significant amount of share in the global tick repellent market owing to the large population of pets in the region.
The report on global tick repellent market covers segments such as product type, pet type, and method. On the basis of product type, the sub-markets include chewable, and spot on. On the basis of pet type, the sub-markets include dogs, and cats. On the basis of method, the sub-markets include internal, and external.
The report provides profiles of the companies in the market such as Bayer AG, Merck & Co., Inc., Boehringer International GmbH, Ceva Sante Animale S.A., Zoetis Inc., Elanco Animal Health, The Hartz Mountain Corporation, Virbac Corporation, Perrigo Company plc. and Central Garden & Pet Company.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of tick repellent market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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