Press release
Growing Adoption of Pepper Spray for Self-defense and Safety Purposes to Propel the Growth of the Pepper Spray Market by 2028
Pepper Spray Market
Research Dive in its latest published report estimates that the global pepper spray market will generate $60,184.4 thousand by 2028 and exhibit a CAGR of 13.3% during the forecast period from 2021 to 2028.
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Market Dynamics
The rate of women assaults and rapes is increasing across the globe which is encouraging women to adopt self-defense products that are convenient to use. Thus, women are increasingly adopting pepper spray for safety purposes. Besides, with the increasing demand for pepper sprays, the leading market players are adopting innovate strategies to protect women by launching novel products. These factors are predicted to boost the global pepper spray market growth during the forecast period. Moreover, the rising trends of outdoor activities, such as hiking, camping, hunting, and other types of recreational activities are estimated to create massive opportunities for the growth of the global market by 2028. However, the lack of awareness among people about using pepper spray for self-defense is expected to restrict the market growth in the estimated timeframe.
COVID-19 Impact on the Pepper Spray Market
The COVID-19 outbreak has negatively impacted the global pepper spray market growth during the pandemic. The adverse effect on the pepper spray market share and size is majorly due to the social distancing measures and lockdown restrictions in various countries to prevent the spread of the virus, which resulted in the decreased demand for pepper sprays. However, several companies witnessed positive growth during the chaotic situation, which may generate lucrative investment opportunities for the global market in the upcoming years.
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Key Segment Findings of the Market
The research report segments the global pepper spray market into product, distribution channel, and region.
Based on product, the fogger type sub-segment is expected to generate a revenue of $23,907.90 thousand by 2028 and dominate in the global industry during the forecast period. Fogger pepper sprays are easy to carry, convenient to use, and directly affects the attacker. Thus, fogger type sprays are the most trending pepper sprays compared to other sprays, which is predicted to boost the sub-segment's growth in the coming future.
Based on distribution channel, the online stores sub-segment is expected garner a revenue of $20,956.60 thousand by 2028 and observe the fastest growth over the forecast period. This growth can be attributed to the increasing number of people preferring online stores due to the wide variety offers on these stores from local to premium brands.
Based on region, the North America pepper spray market size was $10,925.00 thousand in 2020 and is projected to subjugate in the global market throughout the forecast period. The extensive growth of the region is mainly driven by the presence of top leading brands such as SABRE - Security Equipment Corp, Mace Security International, Inc., and others. Besides, the increasing women customers of pepper spray owing to the rising women crimes in the U.S. is another factor boosting the regional market growth.
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Key Market Players
The prominent players of the global market include Counter Assault, Defense-technology, Fox Labs International Inc., Mace Security International, Inc., J&L Self Defense Products Inc., SABRE - Security Equipment Corp., Suresafety, Super-Sparkly Safety Stuff, LLC, UDAP Industries Inc., and Zarc International Inc. These players are focusing on mergers, collaborations, product development, launches, and pepper spray market trends to gain a strong position.
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Mr. Abhishek Paliwal
Research Dive
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Research Dive is a market research firm offering actionable insights and extensive analysis of various markets across different verticals. Maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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