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Insect repellent active ingredients market in terms of revenue was estimated to be worth $1.0 billion in 2023 and is poised to reach $1.5 billion by 2028, growing at a CAGR of 7.6% from 2023-2028 according to a latest report published by MarketsandMarkets™. The demand for insect repellent has been steadily increasing over the years due to several factors. One of the main drivers is the growing vector population. Insect repellents focus on controlling the infestation of mosquitoes, flies, ticks, bugs, fleas, and other organisms, which can cause adverse effects on humans.
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Insect Repellent Active Ingredients Market major players covered in the report, such as:
- Spectrum Brands Inc. (US)
- Reckitt Beneckiser Group Plc (UK)
- Henkel AG & Co KGaA (Germany)
- MERCK KGaA (Germany)
- S.C. Johnson & Son Inc. (US)
- Dabur (India)
- Godrej (India)
Insect Repellent Active Ingredients Market By Type
- DEET
- Picardin
- DEPA
- Other Types
Insect Repellent Active Ingredients Market By Insect Type
- Mosquitoes
- Bugs
- Ticks
- Flies
- Other Insects
Insect Repellent Active Ingredients Market By Concentration
- Less than 10%
- Between 10-50%
- More than 50%
Insect Repellent Active Ingredients Market By End Application
- Pump Sprays
- Gels
- Wet Wipes
- Creams & Lotions
- Aerosols
- Other End Applications
Insect Repellent Active Ingredients Market By Region
- North America
- Europe
- Asia Pacific
- South America
- RoW (the Middle East & South Africa)
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Insect Repellent Active Ingredients Market Frequently Asked Questions (FAQs):
Q1. What is the market for insect repellents?
Q2. What is the total CAGR expected to be recorded for the insect repellent active ingredients during 2023-2028?
Q3. What are the drivers and opportunities for the Insect Repellent Active Ingredients market?
Q4. Which region is expected to hold the highest market share?
Q5. Which are the key technology trends prevailing in the insect repellent active ingredients market?
Q6. Which are the major companies in the Insect Repellent Active Ingredients market?
Report: www.marketsandmarkets.com/request…=111358884
This report provides insights on the following pointers:
- Growing Awareness of Vector-Borne Diseases: Increasing awareness of diseases transmitted by insects, such as malaria, dengue, Zika virus, and Lyme disease, has driven the demand for insect repellent products. Consumers are increasingly seeking effective solutions to protect themselves from these diseases, leading to market growth.
- Natural and Eco-Friendly Ingredients: There is a rising preference for insect repellents made from natural and eco-friendly ingredients. This trend is driven by health-conscious consumers who are concerned about the potential side effects of chemical-based repellents and their impact on the environment.
- Technological Advancements: Ongoing research and development efforts have resulted in the introduction of innovative technologies, such as long-lasting insecticide-treated clothing and wearable devices that emit repellent substances. These advancements have expanded the market's product offerings.
- Regional Variations: The demand for specific types of insect repellent active ingredients can vary significantly by region. For example, DEET-based products are popular in North America, while picaridin-based repellents are preferred in Europe. Understanding these regional preferences is crucial for manufacturers.
- Government Regulations: Stringent regulations imposed by government agencies, such as the EPA in the United States, continue to shape the market. Manufacturers must comply with safety and efficacy standards to bring products to market, which can impact product formulations and marketing strategies.
- Public Health Initiatives: Public health campaigns and initiatives, especially in regions with high insect-borne disease prevalence, promote the use of insect repellents. These efforts play a role in driving consumer adoption and market growth.
- Seasonal Variations: The demand for insect repellents often peaks during specific seasons, such as summer or in regions with a rainy season when insect activity is highest. Manufacturers often adjust their marketing and production strategies accordingly.
- E-commerce Growth: The convenience of online shopping has contributed to the growth of the insect repellent market. Consumers can easily access a wide range of products and compare prices and reviews online.
- Innovations in Packaging: Packaging plays a role in attracting consumers. Innovations in packaging design, such as travel-friendly sizes, easy-to-use dispensers, and eco-friendly packaging materials, can influence purchasing decisions.
- Partnerships and Collaborations: Collaboration between insect repellent manufacturers and other stakeholders, such as travel agencies, outdoor clothing brands, and healthcare providers, can create synergies and expand market reach.
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