Mosquito repellent market
An in-depth analysis of the market segmentation will help identify the prevailing market opportunity for mosquito repellants.
PORTLAND, UNITED STATES, UNITED STATES, Oct 10, 2020 /EINPresswire.com/ – The global mosquito repellent market was valued at $ 4.1 billion in 2020 and is estimated at $ 6.0 billion by 2027, according to the report which equates to a CAGR of 5.6% from 2020 to 2027.
Driver, Restrictions and Opportunities-
The rise in mosquito-borne diseases, the rise in health problems and literacy rates, and the cost-effectiveness of mosquito repellent products are driving the growth of the global mosquito repellent market. However, counterfeit mosquito repellants flooded in city markets are hindering market growth. On the other hand, the increasing demand for herbal repellants, aggressive marketing and positioning strategies are expected to offer new opportunities in the years to come.
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• With the coronavirus pandemic, people have become more aware of other infections as well, which has fueled demand for mosquito repellants worldwide. This factor has also fueled sales of mosquito repellants.
• However, production activities have been slowed down due to the minimum number of workers and social distancing measures.
The spray segment to maintain its lead status
Based on product type, the spray segment represented more than a third of the global mosquito repellent market in 2019 and is expected to maintain its sales status in terms of sales over the forecast period. This is due to the high power efficiency of the spray. However, it is estimated that the vaporizer will have the highest CAGR of 6.8% from 2020 to 2027. The vaporizers are smoke-free, inexpensive, and can work indoors, which is fueling the growth of the segment.
The segment of independent businesses to maintain its leadership position –
Based on the distribution channel, the independent business segment contributed the highest market share with more than two-fifths of the global mosquito repellent market in 2019 and is expected to maintain its leading position over the forecast period. Independent stores provide customers with flexible and reliable options that will drive the growth of this segment. However, it is estimated that the online sales channel segment will achieve the fastest CAGR of 7.8% from 2020 to 2027. This is due to the increasing penetration of various online portals in developing regions and the increasing number of offers or discounts to attract the consumer.
Asia-Pacific will dominate the market, North America will grow significantly through 2027.
In terms of region, the Asia-Pacific region had the highest share of sales in 2019 with a share of almost half of the global mosquito repellent market and is expected to retain its dominant position in the forecast period. In addition, the same region is estimated to have the fastest CAGR of 6.5% from 2020 to 2027. This is due to the increase in vector-borne diseases in the Asia-Pacific region. Additionally, the North America region is expected to have a CAGR of 4.5% from 2020 to 2027.
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Leading market players
SC Johnson & Son, Inc.
Spectrum Brands Holdings, Inc.
Sawyer Products, Inc.
Dabur International Ltd.
Godrej Consumer Products Limited
Johnson & Johnson Services, Inc.
Jyothy Laboratories Ltd.
Reckitt Benckiser Group plc.
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Personal Care Products Market: https://www.alliedmarketresearch.com/personal-care-products-market-A06316
Sun Care Products Market: https://www.alliedmarketresearch.com/sun-care-products-market-A06507
Herbal Cosmetics Market: https://www.alliedmarketresearch.com/herbal-cosmetics-market
Allied Analytics LLP
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October 10, 2020, 22:30 GMT
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