The Pepper Sprays Market Is Estimated To Witness High Growth Owing To Rising Crime Rates
The pepper sprays market is estimated to be valued at US$ 31.47 Mn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Pepper sprays work as an effective self-defense tool against attackers and are popularly used by security guards and law enforcement agencies. The products are portable, easy-to-use, and deliver a disabling spray of Oleoresin Capsicum (OC) derived from peppers of the genus Capsicum within a range of 3-4 feet.
Market Overview:
Pepper sprays are widely used for personal safety and security purposes. The small, portable, and discreet devices offer effective protection against attackers by temporarily incapacitating them through eye irritation, pain, swallowing, and breathing difficulties. Key uses of pepper sprays include self-defense for women, law enforcement applications such as riot control and crowd dispersion, and security staff training and protection.
Market Dynamics:
The pepper sprays market is primarily driven by rising crime rates and increasing concerns over personal safety. According to the FBI, the US recorded an estimated 1.3 million violent crimes and 7.9 million property crimes in 2020. Such incidents have enhanced the need for reliable self-defense tools. Furthermore, growing demand from law enforcement and military agencies is also fueling market growth. However, stringent regulations around the sale and transportation of pepper sprays in some countries hamper the market expansion.
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