Pepper Spray Market Key Challenges and Growth Analysis 2022

According to Precision Business Insights (PBI), latest report, the global pepper spray market size was valued at USD 25.8 million in 2022 and is poised to grow at a significant CAGR of 10.5% during the forecast period 2023-29. The primary factors that drive the market are the increasing number of crimes, such as assault and against women globally.

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Online to Dominate the Pepper Spray Market:
Based on the distribution channel type, the online segment holds the highest market share. The major factor for the rise of this segment is the growing number of people choosing online stores as they offer extensive variations of pepper sprays from normal to premium brands in one place. Furthermore, numerous online stores provide discounts on numerous products. All these pepper spray market trends may raise the demand for online stores and can drive the global pepper spray market growth.

North America Pepper Spray Market:
North America leads the global pepper spray market growth due to the increasing disposable incomes with the presence of top foremost brands such as SABRE - Security Equipment Corp, Mace Security International, Inc., and others. North America leads the global market due to the high number of women clients of pepper spray due to the growing number of women crimes and legal permission given by the government to use pepper spray.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Pepper Spray market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In June 2021, SABRE - Security Equipment Corp. launched the world's smallest pepper spray canister. This product is called mighty canisters and is easily manageable.

The pepper spray market is segmented based on product type, distribution channel and region.
Based on the product type:
• Fogger
• Stream
• Gel
• Others

Based on the distribution channel type:
• Specialty Shops
• Online Stores
• Others

Based on the region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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The global pepper spray market key players are Counter Assault (US), Defense Technology (US), Fox Labs International Inc. (US), J&L Self Defense Products Inc (US), Mace Security International Inc (US), Sure Safety (India), Plegium Inc. (US), and Zarc International Inc. (US)

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This release was published on openPR.