The global insect repellent market has witnessed significant growth over the past decade, driven by increasing awareness of vector-borne diseases and a rising preference for natural and organic products. Valued at approximately US$ 5.2 billion in 2022, the market is projected to expand at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2031, reaching an estimated US$ 9.3 billion by the end of 2031.
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Regional Analysis
Asia Pacific emerged as the dominant region in the insect repellent market in 2022, a trend expected to continue through 2031. This dominance is largely due to the high prevalence of vector-borne diseases in the region. For instance, dengue fever has become increasingly widespread, with approximately 1.3 billion people at risk in ten countries within the South-East Asia region. Countries like India are anticipated to register the highest CAGR in the region, reflecting the escalating demand for insect repellents.
Competitive Landscape
The insect repellent market is characterized by the presence of several key players striving to enhance their market share through product innovation and strategic partnerships. Notable companies include:
Avon Products Inc.
Dabur India Limited
Godrej Consumer Products Ltd.
Reckitt Benckiser Group PLC
S.C. Johnson & Son Inc.
These companies are focusing on expanding their product portfolios, investing in natural and organic formulations, and strengthening their distribution networks to cater to the evolving consumer preferences.
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