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According to a new report Global Insect Repellent Market, published by KBV Research, the Global Insect Repellent Market size is expected to reach $8,712.6 million by 2025, rising at a market growth of 7% CAGR during the forecast period. The Asia Pacific market dominated the Global Insect Repellent Market by Region in 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $3012.5 Million by 2025, growing at a CAGR of 6.2 % during the forecast period. The Europe market is expected to witness a CAGR of 6.6% during (2019 - 2025). Additionally, The North America market is expected to witness a CAGR of 8.4% during (2019 - 2025).
The Mosquito market garnered the largest market share in the Global Insect Repellent Market by Insect Type in 2018, and is expected to achieve a market value of $3818.2 Million by 2025, rising at a growth of 6.4% CAGR during the forecast period. The Bugs market is anticipated to experience a growth of 7.3% CAGR during (2019 - 2025).
The Vaporizers market contributed the highest revenue share to Global Insect Repellent Market by Product Type in 2018, and is predicted to grow at a growth of 6.3% CAGR during the forecast period. The Spray market is forecasted to grow at a rate of 6.3% CAGR during (2019 - 2025).
Companies are now gradually shifting the product focus to safer products by using the natural ingredients and are also working on the cost effective solutions. Also, the market across geographies also experience many insect repellents with unapproved repellent ingredients and hence can pose a serious threat to the consumers. Hence, the companies are now focusing on natural ingredients for the formulation of insect repellents. In Dec 2018, Godrej Consumer Products Limited, launched its completely natural mosquito repellent, "GoodKnight Naturals Neem Agarbatti". In December 2015, the company introduced its cheapest insect repellent i.e. paper based mosquito repellent in Bangladesh and now is available in multiple regions also.
Full Report:https://www.kbvresearch.com/insect-repellent-market/
Further, the companies operating in the insect repellent market are also observed to be keen on acquisition to have access to a wider product portfolio and expanded geographical reach. In 2015, the SC Johnson acquired HomeBrands A.S. from UNILEVER CR, spol. s r.o. in the Czech Republic thereby expanding its product portfolio of pest control, air care and home cleaning in Czech Republic, Slovakia and the Baltics. In July 2016, the company acquired Babyganics. The productline of Babyganics include skin care, oral care, bath care, insect repellent, sun care, hand hygiene, laundry products, dish soaps, surface cleaners, diapers and wipes. In Dec 2016, SC Johnson acquired Laboratório Osler do Brasil, manufacturer of the Exposis insect repellent brand using Picaridin as the active ingredient in its repel mosquitoes and other insects repellent products. In October 2018, another leading organization in this market, American Vanguard Corp. announced to acquire the outstanding shares of Tyratech, Inc., a life sciences company focused on nature-derived insect and parasite control products. This acquisition is aimed to complements the company's Envance portfolio.
The report highlights the adoption of Insect Repellent globally. Based on Insect Type, the market is segmented into Mosquito, Bugs, Fly Repellent and Others. Based on Product Type, the market is segmented into Vaporizers, Spray, Cream and other Products. The report also covers geographical segmentation of Insect Repellent market. The geographies included in the report are North America, Europe, Asia Pacific and LAMEA.
Key market participants profiled in the report includes Spectrum Brands Holdings Inc., Reckitt Benckiser Group PLC, Jyothy Laboratories Limited, Godrej Group (Godrej Consumer Products Limited), Dabur India Ltd., Henkel AG & Company, KGaA, S.C. Johnson and Son Inc., Enesis Group, Coghlans Ltd. and Quantum Health, Inc.
By Insect Type
By Product Type
By Geography
Companies Profiled
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