Press release
Global Insect Repellent Active Ingredients Market: Trends, Insights, and Projections
The global insect repellent active ingredients market, as outlined in a comprehensive research report by MarketsandMarkets, is poised for substantial growth in the coming years. Estimated at USD 1.0 billion in 2023, the market is projected to reach USD 1.5 billion by 2028, with a notable CAGR of 7.6% during the forecast period. This growth is primarily driven by the escalating incidence of insect-borne diseases like malaria, dengue fever, Zika virus, and Lyme disease, prompting a heightened demand for effective insect repellents.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111358884
DEET Emerges as the Leading Segment:
DEET, a highly effective insect repellent, is anticipated to hold the largest market share by type in 2023. Renowned for its efficacy against a wide array of biting insects such as mosquitoes, ticks, flies, and fleas, DEET offers long-lasting protection, making it a preferred choice among consumers. Its versatility in formulations, including sprays, lotions, creams, and wipes, further contributes to its popularity for both personal and outdoor use.
Mosquitoes Drive Market Dominance:
Among insect types, mosquitoes are expected to dominate the market in 2023. Their ubiquitous presence across various climates worldwide, coupled with their role as disease vectors and nuisance biters, sustains the demand for mosquito repellents. The discomfort and health risks associated with mosquito bites propel consumers to seek effective repellent solutions to mitigate these challenges.
Asia Pacific Leads Market Share:
The Asia Pacific region is projected to command the largest market share in 2023, attributed to its high prevalence of insect-borne diseases such as malaria, dengue fever, chikungunya, and Zika virus. With instances like the ZIKV outbreak in India in 2021, the region faces significant health risks, spurring a heightened demand for insect repellents to safeguard against mosquito bites and their associated diseases.
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Key Players Driving Industry Growth:
Major players in the insect repellent active ingredients market include Spectrum Brands Inc., Reckitt Benckiser Group Plc, Henkel AG & Co KGaA, S.C. Johnson & Son Inc., among others. Their innovative product offerings and strategic initiatives contribute to the market's expansion and meet the evolving needs of consumers worldwide.
In conclusion, the global insect repellent active ingredients market is poised for significant growth, driven by the escalating awareness of health risks associated with insect bites and the increasing prevalence of insect-borne diseases. As consumers prioritize protection against mosquitoes and other biting insects, the demand for effective repellent solutions continues to rise, paving the way for market expansion and innovation.
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/insect-repellent-active-ingredients-market-111358884.html
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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