The main companies working in the mosquito repellent market are: SC Johnson & Sons Inc., Godrej Household Products Ltd., Spectrum Brands Holdings Inc., Reckitt Benckiser Group PLC, Quantum Health, Dabur International, Enesis Group, Jyothi Laboratories, PIC Corporation, і Coghlans Ltd. Over the next few years, these companies will enhance mosquito repellent market.
According to Zion Market Research analysts, in 2016, the global mosquito repellent market was capitalized at $3.20 billion. Most likely, in 2022, global mosquito repellent market would reach $ 5 billion, developing at Compound Annual Growth Rate (CAGR) of 7.50% from 2017 to 2022.
According to the analysts, the global mosquito repellent market is increasing due to the rising number of mosquito-borne diseases. Other major catalysts for the market development are global warming, which contributes to the reproduction of mosquitoes, as well as increased demand for mosquito protection products, especially in developing countries. On the other hand, damaging health effects of specific mosquito repellents may become a deterrent for the development of the mosquito repellent market.
Still, due to the technological improvement of a number of new companies, in the coming years, the mosquito repellent market will be opened up to the additional opportunities and prospects. For example, in June 2018 Xiaomi introduced the second generation of its Portable Mosquito Repeller, which was first released in 2016. This also substantially boosted the global mosquito repellent market.
Europe, North America, Latin America, Asia Pacific, as well as the Middle East and Africa are the main regional segments of the global mosquito repellent market. In 2016, this market predominated in the Asia Pacific due to the high demand from India and China. Asia Pacific is likely to be the quickest developing area of mosquito repellent market during the forecast period. It is expected that the market will also grow at the highest level of CAGR in the region, as there is still lack of awareness among the local population regarding the use of mosquito repellents. In these markets, lower priced mosquito repellent products such as coils and mats are highly preferred.
In addition, Latin America is also likely to show substantial growth of mosquito repellent market in the coming years, owing the growth in Brazil. Brazil is expected to be the leading mosquito repellent market in the forecast period due to the rapid pace of mosquito repellent industry development.
According to analysts’ prognosis, during the forecast period mosquito repellent market in North America is expected to witness considerable growth, while Europe probably will show a moderate one.
The Middle East and Africa is projected to have a volatile growth in the forecast period especially due to a number of cases registered in the African region.
Source: Zion Market Research 2017