Global Pet Insect Repellent Industry to 2027

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Dublin, Nov. 02, 2022 (GLOBE NEWSWIRE) — The report “Pet Insect Repellent Market – Growth, Trends, COVID-19 Impact, and Forecast (2022-2027)” has been added to from ResearchAndMarkets.com offer.

The global pet insect repellent market is expected to grow at a CAGR of 4.4% during the forecast period (2022-2027).

The COVID-19 pandemic has had a significant influence on the pet insect repellent industry due to supply chain disruptions, decline in production, and lack of raw materials for production. There has been an increase in pet adoption during COVID-19, and this increase has occurred for all types of pets, especially cats. Therefore, with the increase in cat population, the demand for cat care products is expected to increase in the market.

In the long term, the growing threat of diseases such as anemia, lameness, tick paralysis and itching caused by ticks and fleas is expected to increase the demand for pet insect repellent products during the forecast period. .

Among all insects, fleas and ticks are the main types of insects that cause damage to the animal. These account for the majority share of 63.8% together in 2021. This indicates that flea and tick repellents are contributing the bulk of the share, and this is expected to increase further over the next few years.

An increase in the number of pet owners in various developed and developing countries, rise in vector-borne diseases, and rise in pet healthcare expenditures in the developed countries are the factors driving the growth of the market , while stringent regulations and toxicity in the chemicals are hampering the growth of the market.

North America dominates the market. The growing demand for the pet repellent market can be attributed to the increased humanization of pets in North America. The pet insect repellent market is benefiting immensely, due to the increase in animal health expenditure per capita.

For example, according to the American Pet Product Association (APPA), dog owners in the United States spent an average of $1,880 per dog over the previous 12 months, which includes pet food, treats, toys, vitamins, grooming, visits to veterinary services and dog walking / kennel. Growing awareness among pet owners of the importance of pet health, which in turn will drive the growth of the market in the coming years.

Main market trends

Increased focus and spending on pet health

The pet insect repellent market is benefiting immensely, due to the increase in animal health expenditure per capita. For example, according to the American Pet Product Association (APPA), dog owners in the United States spent an average of $1,880 per dog over the previous 12 months, which includes pet food, treats, toys, vitamins, grooming, visits to veterinary services and dog walking / kennel. Cat owners over the same period spent an average of US$902 per feline. Out of all of them, vet bills are usually the costliest segment of the budget for owning a pet, and the lack of access can be prohibitive for many people.

What’s more, in the last ten years, US spending on pets has more than doubled. For example, in 2010, the total money spent on pets was approximately $45.53 billion. Over the next decade, that spending multiplied to $103.6 billion a year. The largest annual increase occurred between 2017 and 2018, when spending rapidly jumped from $69.51 billion to $90.5 billion, a growth of 30%.

Similarly, in Canada, according to the Ontario Veterinary Medical Association (OVMA), the annual cost of caring for a puppy was CAD 3,242. According to the Centers for Disease Control and Prevention, in the 13 years from 2004 to 2016, seven new germs spread by the bite of an infected tick have been discovered in the United States alone. These germs can also infect humans, alongside dogs, and cause zoonotic diseases. As the prevalence of various diseases in pets increases, the demand for diagnostic imaging procedures and supplements to prevent disease is increasing across the country.

North America dominates the market

North America is the leading market for pet insect repellents, occupying around 43.5% of the total market in 2021. The United States ranks first in overall pet population in the world. According to APPA’s 2021-2022 National Pet Ownership Survey, 70% of U.S. households own a pet, up from 67% in the 2019-2020 survey. In fact, 14% of total respondents got a new pet during the pandemic. Additionally, spending on pets has increased over the past year in the country, with 35% of pet owners spending more on their pets/pet supplies, including food, pet products wellness related and other pet care items including insect repellents which is expected to lead the market in the country.

The incidence of insect attacks on pets in the country, for example, in 2020 an aggressive swarm of bees fatally attacked three dogs in Arizona, will lead to increased demand for insect repellents to protect and ensure pet welfare.

Also, in Canada, many products on the market claim to protect against insect bites. Only those that have been approved by the government for their safety and effectiveness are allowed for use in the country. In Canada, West Nile virus and Lyme disease are health concerns for pets. Medically formulated insect repellents are prevalent in the country.

For example, Mozi-Q, a homeopathic formulation made by Xerion Dispensary, a manufacturing company based in Calgary, Alberta, has brought to market a Canadian-made insect repellent that provides safe and natural solutions to everyday pet problems. . Thus, increasing pet ownership and spread of insect-borne diseases among pets is expected to drive the demand for pet insect repellents in t during the forecast period.

Main topics covered:

1. INTRODUCTION
1.1 Study assumptions and market definition
1.2 Scope of the study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Constraints
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of new entrants
4.4.2 Bargaining power of buyers/consumers
4.4.3 Bargaining power of suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Type of pet
5.1.1 Dogs
5.1.2 Cats
5.1.3 Birds
5.1.4 Other animals
5.2 Type of insect
5.2.1 Checkmarks
5.2.2 Flies
5.2.3 Bees
5.2.4 Bullets
5.2.5 Other type of insect
5.3 End User/Application
5.3.1 Pet Clinic
5.3.2 Pet facilities
5.3.3 Other end users/applications
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 South Africa
5.4.5.2 Rest of the Middle East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Merck and Co Inc.
6.3.2 Elanco Animal Health Incorporated
6.3.3 Boehringer Ingelheim International GmbH
6.3.4 Vibrac
6.3.5 The Hartz Mountain Corporation
6.3.6 Tianjin Ringpu Biotechnology
6.3.7 Zoetis Inc.
6.3.8 Central garden and pet

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 IMPACT OF COVID-19 ON THE MARKET

For more information on this report visit https://www.researchandmarkets.com/r/z4l39w

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