Insect Repellent Market Expected to Grow at a CAGR of 8.3% by 2027

New York, USA, Tue, 15 Mar 2022 02:40:51 / Comserve Inc. / — The insect repellent market is expected to mask a CAGR of 8.3% over the forecast period, i.e. say 2019-2027.

The global insect repellent market is segmented by type of repellent into coils, liquid spray, spray/aerosol, mat, cream and oil; by ingredient in natural and synthetic; by online and offline sales channel and by region. The insect repellent market is expected to hide a CAGR of 8.3% during the forecast period, i.e., 2019-2027.

It is estimated that the growing penetration of insect repellents in untapped rural markets in developing as well as underdeveloped countries, as well as the growing demand for herbal repellents in urban areas of the world due to growing environmental concerns, drive the insect repellent market. significantly over the forecast period. Mosquito-borne diseases are one of the major factors contributing to the high growth of the insect repellent market across the globe.

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With the presence of a conscious urban consumer population, increase in government disease prevention initiatives, and rising incidence of mosquito-borne diseases in the region, Asia-Pacific is emerging as a regional market using insect repellents. Additionally, the emphasis on R&D activities in insect repellent product innovations is estimated to have a significant impact on the market during the forecast period. Thanks to favorable and humid climate for breeding insects in the Middle East and Africa, the market is expected to show robust demand for insect repellents during the forecast period.

Increase in the prevalence rate of insect-borne diseases

In 2017, the WHO reported that more than 17% of all infectious diseases, causing more than 700,000 deaths per year, were due to diseases transmitted by insects (vectors). High infection rates and deaths caused by infection-carrying vectors such as various types of mosquitoes, sandflies, triatomine bugs, fleas, water snails, lice and many more are expected to drive the market insect propellants robustly over the forecast period.

Growing incidences of malaria

In addition, the incidence of insect-borne diseases is very high worldwide. For example, 219 million cases of malaria were reported in 2017 in 90 countries by the World Health Organization with nearly 3.2 billion people living in areas at risk of malaria transmission in 106 countries and territories and in 2016, malaria caused an estimated 216 million clinical episodes and 445,000 deaths. Together, these factors are expected to show robust growth in the insect repellent market over the forecast period.

However, the strict laws associated with the acceptance of the product by the government along with the stringent regulatory standards set across the globe are expected to hamper the growth of the insect repellent market.

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The report titled “Global Insect Repellents Market: Global Demand Analysis and Opportunity Outlook 2027” provides a detailed overview of the global Insect Repellents market in terms of market segmentation by repellent type, ingredient, sales channel, and regions.

Also, for the in-depth analysis, the report encompasses industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and five force model of Carry.

This report also provides the existing competitive scenario of some of the major players in the global Insect Repellents Market which includes company profiling of Coghlans Ltd., Quantum Health, Enesis Group, ExOfficio LLC., Jyothi Laboratories, Godrej Consumer Products Ltd., Reckitt Benckiser Group plc. , Repel, Homs LLC and Dabur International. Profiling contains key business information that encompasses an overview of businesses, products and services, key financial data, and recent news and developments. Overall, the report portrays an in-depth overview of the Global Insect Repellents Market which will help industry consultants, equipment manufacturers, existing players looking for expansion opportunities, new players looking for opportunities and other stakeholders to align their market-centric strategies with current and expected trends. in the future.

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