Industry Outlook and Trend Analysis
The Insect Repellent Market was worth USD 1.45 billion in 2014 and is expected to reach approximately USD 2.51 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.30% during the forecast period. The rise of mosquito-borne diseases has set off an interest for insect repellents at a considerable extent. The developing plausibility of malaria and dengue because of the steady inflow of travellers is anticipated to drive the interest for insect repellent crosswise over the figure time frame. Besides, the advantages of these repellents over different sorts of anti-agents, for example, liquids, coils, and ointments, have turned into their one of a kind offering focuses, helping them carve a specialty in the general market. Candles don’t transmit toxic smoke or don’t lead of dirt such as coils. Along these lines they are being favoured over customary methods for repelling mosquitoes.
The leading players in the market are Avon Products, 3M, Omega Pharma, BASF, E.I. DuPont de Nemours and Company and S. C. Johnson & Son. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Product Type outlook and Trend Analysis
The plenitude of lemongrass, the source of citronella, will cater to the progressing demand for citronella-based mosquito repellent candles in the upcoming years. Moreover, citronella candles as repellents are inexpensive than alternate sorts of candles, an aspect that has been boosting the demand for these candles in the course of recent years. The switching purchaser inclination for citronella candles over different sorts of mosquito repellent candles is likewise prone to work for this product section.
Regional Outlook and Trend Analysis
Europe is anticipated to enlist a dynamic development in the conjecture time frame. This portion is anticipated to proceed with its strength and achieve a major share of the general market. The rising interest for insect repellent market in this area can be ascribed to the climatic changes and the expanding rearing of mosquitoes, bringing about a critical ascent in the quantity of diseases. Moreover, North America is anticipated to develop significantly owing to rising awareness among people to avoid insect-borne diseases.
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The Insect Repellent Market is segmented as follows-
By Product Type:
Body Worn Insect Repellent
Stickers and Patches
Non Body Worn Insect Repellent
Rest of Europe
Rest of South America
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?