Published on : Dec 29, 2016
ALBANY, NY, Dec 29, 2016: The report serves as a reliable business tool covering information regarding various important aspects of the global mosquito repellent market including its dynamics, product and regional segmentation, and competitive landscape. As per the findings of the report, the market is expected to expand at a CAGR of 5.21% from 2016 to 2021.
The rising incidence of mosquito-borne diseases such as dengue, malaria, and zika virus is by far the leading factor driving the global mosquito repellent market. The outbreak of these diseases across various parts of the world has prompted governments to take initiatives that promote awareness regarding mosquito control measures. Moreover, the rising average global temperature is translating into optimum conditions for the mosquitos to breed and boosts their level of activeness. These factors are, therefore, leading to greater uptake of mosquito repellents.
On the flip side, the presence of toxic chemicals in mosquito repellents is anticipated to limit its widespread adoption. Their prolonged use can lead to sneezing, rashes, coughing, allergies, and skin irritations. However, the introduction of herb-based repellents is likely to mitigate this issue, thereby working in favor of the growth of the market in long run. Moreover, some of the major players in the market are developing patches, wristbands, and stickers that have minimum or no hazardous effects on health.
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On the basis of product, the global mosquito repellent market is segmented into cream and oil, liquid vaporizers, coils, mats, sprays/aerosol, and others. The demand for coils is likely to remain high throughout the forecast period. Factors such as performance efficiency and affordability of coils are leading to their wider adoption among middle- and lower-income groups in regions such as Asia Pacific, Latin America, and Africa. The demand for liquid vaporizers is estimated to rise at a significant pace in the forthcoming years owing to the increasing disposable income.
Geographically, Asia Pacific is the leading market for mosquito repellents in terms of revenue. The growth of the region is supplemented by the rising consumer awareness regarding mosquito-borne diseases, growing health consciousness, and increasing demand for high-end products such as creams, oils, and sprays. Latin America is poised to tread along a healthy growth track owing to the increasing incidence of mosquito-borne diseases, particularly in Brazil. The constant inflow of infected travelers and the burgeoning demand for organic and herbal mosquito repellents are contributing to the growth of the Europe and North America regions.
Some of the leading players in the market are Coghlans Ltd., Dabur International, Enesis Group, Godrej Consumer Products Ltd., Jyothi Laboratories, PIC Corporation, Reckitt Benckiser Group PLC, Spectrum Brand Holdings Inc., SC JOHNSON & SON, INC., and Quantum Health.
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