Bizizz Market Research has recently published a research report, “Tick Repellent Market By Pet Type (Cats, Dogs and Others), By Method (Internal and external), Product type (Spot On (Moxidectin, Fipronil, Methoprene and Others) and Chewable (Chamomile, Valerian, Fluralaner and Others)), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Tick Repellent Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 1.06 Mn by 2027, witnessing a CAGR of 4.79 % during the forecast period. Key drivers of the market are the ticks are the main causative agents of various diseases along with manufacturers offering natural ingredients tick repellents are stimulating its market growth
The market of tick repellent is plunging by an increased demand for reducing the tick associated diseases including fever, Tularemia, Ehrlichiosis, Lyme disease, Powassan and others. Such offerings shall contribute in the reduction of the illnesses caused by the tick repellent to the pets as well as owners. The manufacturers are offering tick repellent products to the customers by having ingredients that are natural. These natural ingredients are non-toxic along with the increased disposable income of the customers are encouraging these tick repellent products to the customers.
The Tick Repellent market is anticipated to register a CAGR of over 4.97% during the forecast period.
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By Product, pet segment held a key share in Global Tick Repellent Market in 2018.
The demand for the tick repellents have a significant application in the pet segment. This could be attributed to an increase in the adoption of pets and their healthcare has plunged its market growth. The market of tick repellent for pets is considerably substantiated by offering natural tick repellents products that are non-toxic. Thus such natural ingredients tick repellents products is having high customer demand globally.
North America is anticipated to dominate the Global Tick Repellent Market during the Forecast Period.
The North American region is accounted for leading in the tick repellent market because of an increased number of pet adoption by the individuals globally. Additionally, the tick repellent offering stores are convenient in accessibility to the customers encouraging the demand for tick repellent in this region. The purchasing power of the customers is high in this region that is leading to the higher rate of pet adoption and purchase of tick repellents in the market.
Global Tick Repellent market was highly fragmented among the number of local and global players. The manufacturers are adopting different strategies in order to expand their market presence globally including collaboration and partnerships. Such moves by the companies are propelling the growth of tick repellent products in the global market.
Prominent players operating in the Global Tick Repellent Market are: Perrigo Company plc., Merck & Co., Inc., Zoetis Inc., Ceva Santé Animale, Central Garden & Pet Company, Virbac Corporation, Elanco Animal Health, Boehringer International GmbH, The Hartz Mountain Corporation, and Bayer AG. t, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
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