Insect Repellent Market Analysis with Size, Manufacturers, Applications and Forecast Research Report
According to a new report published by KD
Market Insights, titled, "Insect
Repellent Market by
Insect Type and Product Type: Global Opportunity Analysis and Industry
Forecast, 2019-2026," the global insect repellent market is expected to
generate $ 9,615.7 million by 2026, growing at a CAGR of 6.8% from
2019 to 2026. In 2018, the vaporizer segment led the insect repellent market,
followed by the spray segment. Growth in this segment is supplemented by
increase in awareness of insect-borne diseases such as malaria, zika, Lyme
disease, dengue, bubonic plague, river blindness, and west Nile fever.
In recent years the demand for mosquito
repellents has increased due to rising incidences of mosquito borne diseases,
such as zika virus, malaria, dengue, west Nile fever, and others in countries
such as Europe, Asia, and North America. The impact of mosquito borne diseases
is expected to increase in the coming years, owing to increasing population of
mosquitoes and transmission of virus from pregnant ladies to their children.
Various key market players coupled with NGOs and local governments have
participated to improve the level of awareness among people residing in urban
and rural areas against different insect borne diseases. This is expected to
drive the insect repellent market growth globally. The global temperature of
the earth has continued to rise since past few years and is expected to
increase more in the coming years, high temperature provides optimum conditions
to the mosquitoes to breed and increases their level of activeness. Thus,
impact of the rise in global warming would directly impact the growth of
mosquito population which would ultimately lead to an increase in the
penetration of products designed to repel them.
The key
market players have consistently engaged themselves into implementing effective
marketing strategies aimed toward the promotion of various mosquito repellents.
Companies have regularly involved themselves into spreading awareness amongst
the people through various awareness campaigns and free sample distribution. A
few companies such as Godrej targeted mothers to promote their sales for ‘Good
Knight’ brand through advertising and creating a sense of fear in their minds
related to their children getting infected with mosquito borne diseases. This
has resulted into an increased sale of various products across the world to
prevent diseases. The impact of these innovative marketing strategies are
expected to continue to propel the demand for mosquito repellents in future.
The global insect repellent market is
classified on the basis of insect type into mosquito, bugs, fly repellent, and
others. The mosquito segment dominated the market with the largest share in
2018 and is expected to exhibit significant growth during the insect repellent
market forecast period. The rise in incidence of mosquito-borne diseases and
global warming, which facilitates breeding of mosquitoes, are the prime factors
that are expected to drive the market during forecast period. Other factors
that drive the market are rising health awareness, government initiatives for
mosquito control, and affordable cost of repellents. However, presence of toxic
chemicals, such as DEET, in various mosquito repellent products cause ill
effects on health, which are likely to restrain the growth of this market. Huge
opportunities prevail for the global repellent market owing to the rise in
demand for plant-based repellents and increasing penetration in untapped
markets in rural regions.
Key Findings of the Insect Repellent
Market :
- Based on insect type, the mosquito segment
was the highest contributor to the global insect repellent market demand in
2018 and is projected to grow at a CAGR of 6.3%.
- Based on product type, the vaporizer insect repellent market size is expected to grow at the highest CAGR of 7.0% from 2019 to 2026.
- Based on region, Asia-Pacific insect repellent market size is projected to grow at a CAGR of 8.8% from 2019 to 2026.
- China held the largest market insect repellent market share of 42.4% in 2018 and is expected to grow at a CAGR of 8.6% from 2019 to 2026.
- Based on product type, the spray segment is expected to grow at a CAGR of 7.5% from 2019 to 2026.
- In terms of value, Asia-Pacific and LAMEA collectively contributed a 59.5% share to the global insect repellent market in 2018.
- Based on product type, the vaporizer insect repellent market size is expected to grow at the highest CAGR of 7.0% from 2019 to 2026.
- Based on region, Asia-Pacific insect repellent market size is projected to grow at a CAGR of 8.8% from 2019 to 2026.
- China held the largest market insect repellent market share of 42.4% in 2018 and is expected to grow at a CAGR of 8.6% from 2019 to 2026.
- Based on product type, the spray segment is expected to grow at a CAGR of 7.5% from 2019 to 2026.
- In terms of value, Asia-Pacific and LAMEA collectively contributed a 59.5% share to the global insect repellent market in 2018.
The key players of the insect repellent
industry profiled in this report include Reckitt Benckiser Group, The Godrej
Company, Dabur International, Johnson and Johnson, Spectrum Brands, Jyothi
Labs, Swayer Ltd., Himalaya Herbals, Enesis Group, and Quantum Health.
About Us:
KD Market
Insights is one of the leading providers of market intelligence products
and services. We offer reports on over 10+ industries and update our collection
daily which helps our clients to access database of expert market insights on
global industries, companies, products, and trends.
Our
in-house research experts have a wealth of knowledge in their respective
domains. With KD Market Research, you always have the choice of getting
customized report free of cost (upto 10%). Our support team will help you
customize the report and scope as per your business needs. This ensures that
you are making the right purchase decision. Our clients list includes various
Fortune 500 companies and leading advisory firms.
Contact Us:
KD
Market Insights
90
State Street, Albany,
New
York, USA 12207
+1 (519)
300-1215
Comments
Post a Comment