The global insect repellent market, valued at USD 4.1 billion in 2021, is poised for robust growth, with a projected compound annual growth rate (CAGR) of 6.7% during the forecast period. Several key factors are driving this upward trajectory, including increasing awareness of insect-borne diseases, urbanization, and the impact of climate change on mosquito populations.
Rising Prevalence of Insect-Borne Diseases Sparks Market Growth
One of the primary drivers of the insect repellent market is the escalating prevalence of mosquito-borne diseases, including Zika, Dengue, Chikungunya, Yellow Fever, and Malaria. In 2020, the World Health Organization reported a significant increase in these diseases worldwide, with millions of cases and thousands of fatalities. As mosquitoes adapt to changing environmental conditions and urbanization spreads, the demand for effective insect repellents is on the rise.
Urbanization Fuels Market Expansion
Unplanned urbanization, environmental changes, and increased international travel have created sanitation challenges, exacerbating the spread of mosquito-borne diseases. As more people congregate in urban areas, the prevalence of these diseases increases due to the proliferation of infected mosquitoes in standing water and crowded living conditions. The United Nations predicts that nearly 68% of the global population will be urbanized by 2050, making urban malaria a significant concern.
Health Risks of Pesticides Highlight the Need for Safer Alternatives
While insect repellents are essential in preventing insect-borne diseases, the use of certain chemicals like DEET, Cyfluthrin, Permethrin, and Pyrethroids raises health concerns. Extended exposure to these chemicals can lead to skin issues, respiratory problems, and neurological effects. In response, consumers are seeking safer alternatives, such as picaridin-based repellents, driving market demand for healthier options.
Segment Overview: Spray Repellents Dominate Market
Among the various types of repellents, sprays are expected to maintain their dominance, offering ease of use and quick application. Insect-repellent sprays emit a mist of liquid particles, making them versatile for repelling insects on various surfaces and materials. Their rapid action makes them a preferred choice in North America and Europe.
Regional Landscape: Asia Pacific Leads the Way
Asia Pacific, with a 60% market share in 2021, continues to lead the global market, driven by a growing population and an increased standard of living. China, in particular, has witnessed significant adoption of insect repellents, thanks to its large population and higher income levels. India has also seen a rise in household usage due to health concerns and public awareness campaigns.
Competitive Landscape: Innovation Drives Market Growth
Key players in the insect repellent market, including Avon Products Inc., Dabur India Limited, Godrej Consumer Products Ltd, Reckitt Benckiser Group PLC, and others, are continuously innovating to meet consumer demands. Innovations such as liquid vaporizers and automatic plug-in devices offer enhanced protection and convenience.
As the world grapples with the increasing threat of insect-borne diseases and the need for effective protection, the global insect repellent market is poised to flourish. Consumers are becoming more aware of the advantages of insect repellents, leading to a surge in demand, especially in urban areas. Manufacturers are responding with a wide range of products that aim to reduce the health risks associated with traditional repellents, further propelling market growth.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/insect-repellent-market
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COMTEX_442467056/2840/2023-10-26T02:15:51