Mosquito Repellent Market to Cross US$ 7.11 Bn Revenues between 2018 and 2027

Mosquito Repellent Market 2022

The global Mosquito Repellent Market is estimated to expand at a CAGR of 5.45%, registering a steady growth in terms of revenues. Mosquito Repellent Market is expected to reach revenue of US$ 7.11 Bn by the end of 2027.

Global sales of mosquito repellents is expected to generate a revenue of US$ 4 Billion, in 2020 and the global volume sales (in million units) is studied to increase 1.8x, standing at 54,406 Mn units, during the same period. The overall market for mosquito repellents is expected to expand a robust CAGR of 8 percent, in terms of value, through 2018-2027, considering:

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Environmental changes such as land-surface characteristics and variation in climate, along with increased anthropogenic activities comprising mining, deforestation, mining, and human mobility, have resulted in an increase in vector-borne diseases including dengue virus, Zika virus, and malaria, over the years-thereby driving the sales of mosquito repellents.

As per a recently published study on the global mosquito repellent market, by Persistence Market Research (PMR), developing economies are projected to exhibit high adoption of mosquito repellents, with APEC leading the suit. As per the report, APEC and China together account for approximately half the volume and value share-the demand further projected to grow at a significant CAGR.

Key Companies- 

• Godrej Group
• S.C. Johnson and Sons
• Dabur India Ltd.
• Jyothy Laboratories Limited
• Reckitt Benckiser Group plc.
• BASF SE
• SPECTRUM BRANDS, INC.
• 3M Company
• Global Consumer Products Private Limited
• Herbal Strategi
• Others.

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Global sales of mosquito repellents is expected to generate a valuation of US$ 4 Billion, in 2019 and the global volume sales (in million units) is studied to increase 1.8x, standing at 54,406 Mn units, during the same period. The overall market for mosquito repellents is expected to expand a robust CAGR of 8 percent, in terms of value, through 2018-2026, considering:

• Governments of various regions in South East Asia, Sub-Saharan Africa and Latin America are making substantial investments in several vector-control strategies to bring down reported incidences of malaria.
• Manufacturers are focusing on developing effective and environment-friendly mosquito repelling products, aimed at preventing vector-borne diseases.
• Increased investments in research and development initiatives to discover natural materials for developing cost-effective advanced products, in addition to mosquito repellent products catering to indoor and outdoor demand.
• Stringency in regulation set by authorities such as European Environmental Agency, European Medicines Agency, and Environmental Protection Agency (EPA) to ensure consumer safety, will drive the demand for natural mosquito repellents having lesser concentration of active ingredients.

Opportunity Analysis: "PMR foresees significant growth opportunities in rural and developing markets, considering the widespread availability of non-branded mosquito repellents in India. Manufacturers are increasing their revenue share in low income developing regions by launching relatively cheaper and more effective products such as Good Knight Fast Cards, roll on, wipes by S.C. Johnson and Sons and Godrej Consumer Products Limited. These cards are available for 1 rupee each, burns instantly for 3 minutes, does not produce smoke, and can prevent mosquitoes up to 5 hours. In addition, cream-based mosquito repellents are expected to remain the most favored products, holding a market share of over 53 percent, in 2018. However, low toxicity and high repellent action will create significant market demand for vaporizers, in the coming years", explains a senior analyst.

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Key Questions Answered in Mosquito Repellent Market Report -

• Who are the Major Manufacturers and Suppliers of Mosquito Repellent?
• What will the Mosquito Repellent Market growth rate in Future?
• What are the key factors driving the global Mosquito Repellent Market?
• Who are the key manufacturers in Mosquito Repellent Market space?
• What are the opportunities and threats faced by the vendors in the global Mosquito Repellent industry?
• What are sales, revenue, and price analysis by regions of Mosquito Repellent industry?

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This release was published on openPR.