PUBLISHER: Grand View Research | PRODUCT CODE: 1493459
PUBLISHER: Grand View Research | PRODUCT CODE: 1493459
The global pet insect repellent market size is anticipated to reach USD 4.26 billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing awareness among pet owners about the health hazards associated with insect-borne illnesses and the growing incidence of vector-borne diseases transmitted by insects, including heartworm and Lyme disease are driving the market growth. Consequently, pet owners are increasingly inclined to explore effective repellent remedies.
According to HealthforAnimals.org, during pandemic lockdowns, the U.K. and Australia observed a surge in pet adoptions, with over two million and a million pets adopted, respectively. Moreover, rising disposable incomes in markets like China contributed to a 113% increase in its pet population from 2014 to 2019. These trends emphasize a growing focus on pet health, driving demand for insect repellents and other pet care products to safeguard pets against pests and vector-borne diseases.
The market growth is driven by innovation and advancements in technology and biotechnology, enabling the creation of safer and more effective repellent formulations. Furthermore, increasing awareness among pet owners about the necessity of safeguarding their pets from insect-borne diseases has increased the demand for novel solutions.
The growing pet ownership in countries including the U.S., Canada, the U.K., Germany, Australia, Japan, and China is driving the market growth. With an increasing number of dog-owning households, approximately 45% in the U.S. in 2022, there's a heightened awareness of protecting dogs from insect-borne pests, emphasizing the necessity of effective repellent solutions.