Persistence Market Research’s market research report on “Mosquito Repellent Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026” examines the mosquito repellent market and offers critical insights for the next eight years. Based on the findings specified in the report, the market is expected to witness rising demand for mosquito repellents from rural areas over the coming years. An increase in mosquito borne diseases in various regions is projected to drive the growth of global market.
The projected value of the global market in 2018 is US$ 5,786.4 Mn and the market is estimated to expand at a CAGR of 8.0% and reach US$ 10,689.6 Mn by the end of 2026. In addition, the global mosquito repellent market is projected to create incremental $ opportunity worth US$ 4,903.3 Mn during the forecast period.
Mosquito Repellent Market Dynamics
Environmental changes are triggering an increase in the number of vectors worldwide. Vector borne diseases, and mosquito borne diseases in particular, are emerging as a serious public health concern. Dengue, malaria, chikunguniya and Zika are some of the mosquito-borne viral disease with epidemic potential in the world. According to the World Health Organization, the recent increase in various vector-borne diseases and the serious threat being posed to economic development by these diseases will lead to significant demand for mosquito repellents in near future. Recognition of mosquito borne diseases at regional and global levels and government initiatives against malaria, dengue and Zika have led to major reductions in vector-borne diseases. Similarly, sustainable development in urban centers will reduce poverty, thereby leading to improved living standards, which in turn, will reduce transmission of vector borne pathogens or mosquitoes.
Asia Pacific, Africa and Latin America are amongst the highly mosquito borne diseases (malaria and dengue) affected areas. Re-aligning national and international programs to improve implementation of vector control against multiple vectors and diseases across geographic areas and civilized populations will require leveraging available resources for maximum impact. Such factors will further drive the demand for mosquito repellents over the years.
On the flip side, the noteworthy rise in demand for electric shock based mosquito repellents, such as electric rackets/swatters and electric shock insect and mosquito repellent machines, will slow down the growth of the concerned market over the forecast period.
Mosquito Repellent Market Forecast
By region, APEC is expected to dominate the global market over the forecast period. North America, followed by Europe region, is estimated to observe moderate growth in the mosquito repellent market. In terms of value, APEC is estimated to create absolute $ opportunity worth US$ 1,937.5 Mn in the global mosquito repellent market during the forecast period.
In terms of volume, the coil product type segment is projected to dominate with 25,148 million units in 2018. However, the cream segment is projected to account for a high value share of ~50% in the global mosquito repellent market during the forecast period. In terms of growth, the vaporizer segment is projected to deliver moderate growth rate during the latter half of the forecast period.
Mosquito Repellent Market Analysis by Source
By source, the synthetic segment is projected to dominate the global mosquito repellent market. In terms of value, the synthetic segment is projected to be pegged at ~US$ 8,000.7 Mn by the end of 2026. The bio-based mosquito repellent segment is projected to create incremental $ opportunity worth US$ 1,310.6 Mn in the global market over the forecast period. Owing to the harmful effects of synthetic mosquito repellents, the bio-based segment is expected to gain high traction over the forecast period.
Mosquito Repellent Market Analysis by Sales Channel
By sales channel, the retail segment is projected to dominate the global mosquito repellent market with year-over-year growth of 7.8% in 2018. However, the supermarket segment is projected to account for ~22% share in the global mosquito repellent market. However, the potential for mosquito repellents in online segment is expected to remain relatively high as compared to others, primarily due to the increasing trend of e-shopping. The others segment is estimated to deliver moderate growth in the mosquito repellent market over the years.
Mosquito Repellent Market Competitive Landscape
Some of the key players involved in the manufacturing of mosquito repellents and included in this study are S.C. Johnson and Sons, 3M, SPECTRUM BRANDS, INC., Avon Products Inc., Reckitt Benckiser Group, Godrej Group, amongst others.
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