Press release
Insect Repellents Market Is Estimated To Rise At 6.5% CAGR From 2023-2033
The global increase in the number of insects, as well as the rising incidence of insect-borne illnesses, are likely to fuel insect repellent sales in the coming years. Individuals, the food and beverage sector, and the agriculture industry all utilize insect repellents extensively.
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Because of rising knowledge about the detrimental effects of chemicals and synthetic components used in traditional insect repellent treatments, natural insect repellents are in great demand. In order to address changing customer demands, insect repellent manufacturers are anticipated to concentrate on the development of natural insect repellents based on herbal and natural components.
Tick repellents, spider repellents, fly repellents, mosquito repellents, and insect repellents are among the most popular products on the market, and demand is predicted to climb significantly over the next decade.
Competitive Landscape:
To increase their sales potential and enhance worldwide income creation, top insect repellent suppliers are working on developing new products in various locations.
Kao Corporation, a Japanese consumer products company, announced the launch of their Biore GUARD Mos Black Serum in Thailand in June 2022. The business also stated that it intends to introduce the same product in Indonesia next year. These initiatives are part of the company's endeavor to combat dengue fever in the South East Asian area.
SC Johnson, an American global corporation, announced the launch of bug-killer sprays and mosquito repellents powered by botanical extracts in June 2022. STEM is the name of the new product range.
Godrej Consumer Products Ltd. (GCPL), a Mumbai-based packaged consumer products firm, announced the launch of Goodknight Jumbo Fast Card, a paper-based insect repellant, in September 2021. Because it does not require energy to operate, the device is aimed at both rural and urban markets.
Key Players:
Reckitt Benckiser Group PLC
Avon Products Inc.
C. Johnson & Son Inc.
Dabur India Limited
ExOfficio LLC
Quantum Health
Godrej Consumer Products Ltd.
Coghlans Ltd.
Spectrum Brands Holdings Inc.
Entomol Products LLC.
Enesis Group
Homs LLC
Jyothy Labs Ltd.
PIC Corporation
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Regional Analysis:
Asia Pacific was the largest regional market in 2022, accounting for 40% of global market share. As a result, Asian countries, notably Japan and Korea, are particularly tempting markets for insect repellent providers.
Rising personal hygiene awareness, increased consumer adoption of various insect repellent products, rising disposable income, and government initiatives to raise awareness about diseases such as dengue and malaria are all expected to drive insect repellent demand in Japan and Korea during the forecast period.
Key Segments of Industry:
By Insect :
Flies
Bugs
Mosquitos
Bees
Others
By Product :
Sprays
Oil
Lotions & Creams
Mats
Coils
Liquid Vaporizers
Others
By Ingredient :
Natural
Synthetic
By Sales Channel :
Hypermarkets/Supermarkets
Independent Stores
e-Commerce
Other Channels
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