Mosquito Repellents Market To Register Substantial Expansion By 2030
Market Scope
The Mosquito Repellents Market can anticipate growth at a 9.01% CAGR from 2023 to 2030 (forecast period), reveals Market Research Future (MRFR).
Growth Boosters and Challenges
Some of the recent studies have revealed that roughly 800 million cases of mosquito-borne diseases around the world are recorded every year. Out of this, the most prevalent are dengue fever, Zika, and West Nile, which claim nearly 1 million lives. These disconcerting numbers along with the alarming rate at which these diseases are growing, particularly in emerging countries have raised the urgent requirement for mosquito repellents. However, mosquitos are turning quite resistant to the conventional parathyroid-based repellents, which has prompted a rise in research and development activities to come up with better quality products. A great deal of emphasis is being given on designing repellents that have natural or plant-based compounds, as these do not have any toxic effect on the environment. Moreover, the accelerated number of outdoor activities worldwide including camping, and marathons have also boosted the sales of mosquito repellents.
Research activities being conducted today are focused on designing eco-friendly repellents, even as consumers are growing extremely aware about the ingredients in their products and their impact on the environment. Sensing this opportunity, startups along with medium-sized companies are making their foray into the global market, armed with an extensive line of mosquito repellents available either online or offline. Consumers are also inclining towards organic repellents that are soft on the skin, render vapor action and have a pleasant fragrance. Also, with the surge in complaints about irritation as well as oiliness caused by typical repellents have boosted the sales of plant-based repellents.
Speaking of exciting trends, mosquito repellent patches that have a variety of essential oils such as peppermint, citronella, lavender, and eucalyptus are experiencing a huge demand. These are considered safe for use on children and infants. Additionally, to cater to the mounting consumer demand with varying tastes, top brands are coming up with creative products with different and appealing features.
Market Segmentation
The Mosquito Repellents Market has been considered for type, by form, distribution channel.
The various types of mosquito repellents in the industry are spray, patches, coil, oil & cream, vaporizer, and others.
Mosquito repellents are available in different forms, including liquid, aerosols, solids, and more.
Distribution channels are store-based and non-store-based. The major store-based channels are convenience stores, supermarkets and hypermarkets and more.
Regional Outlook
APAC and South America are the top mosquito repellents markets, thanks to the rampant increase in mosquito-borne diseases. Escalation in these diseases along with the urgent need to address the high healthcare costs resulting from the rising cases could present huge opportunities to industry players. Expanding population of health-conscious people in Japan, India, China, and other countries and their heightened preference for high-end premium products would also favor the APAC market in the following years. Apart from this, community service groups, NGOs, and the government work diligently on educating people about importance of hygiene and cleanliness and tips on how to create a disease-free environment. This is yet another factor that could foster market growth in the ensuing years.
North America is a promising market and will emerge quite profitable in the next few years since consumer awareness regarding different mosquito repellants is extremely high. Moreover, the surge in outdoor and sports activities, especially in the US, has made the country the highest gainer in the region. The country has a vast pool of financially stable as well as health-focused consumers. Huge conglomerates in the region are focused on bolstering their product offerings and continuously adopt strategies like mergers & acquisitions to augment their market rankings. All these factors create a favorable business scenario in the region.
Affluent Firms
Reckitt Benckiser Group PLC (UK), SC Johnson & Son, Inc. (US), Godrej Consumer Products Limited (India), PIC Corporation (US), Enesis Group (Singapore), Coghlan’s Ltd (Canada), Sawyer Products, Inc. (US), Jyothi Laboratories (India), Spectrum Brands Holdings Inc. (US), Howad Ltd (UK) have been listed key mosquito repellants market players worldwide.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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