Đặt banner 324 x 100

Insect Repellent Active Ingredients Market Will Hit Big Revenues In Future


Insect repellent active ingredients market in terms of revenue was estimated to be worth USD1.0 billion in 2023 and is poised to reach USD1.5 billion by 2028, growing at a CAGR of 7.6% from 2023-2028 according to a latest report published by MarketsandMarkets™. The rise in insect-borne diseases, such as malaria, dengue fever, Zika virus, and Lyme disease, has heightened the need for effective insect repellents.

 

The key stakeholders in the Insect Repellent Active Ingredients Market include:

 

  • Manufacturers: These companies are responsible for producing insect repellent active ingredients, which are the essential components used in repellent formulations. Manufacturers often engage in research and development to improve the effectiveness and safety of their products.
  • Formulators and Brands: Formulators are businesses or individuals who create insect repellent products by blending active ingredients with other components like carriers and fragrances. Brands then market and sell these products to consumers under their respective labels.
  • Retailers: Retailers, such as supermarkets, pharmacies, outdoor stores, and online marketplaces, play a crucial role in distributing insect repellent products to the end-users. They may include both brick-and-mortar stores and e-commerce platforms.
  • Consumers: Consumers are the end-users of insect repellent products. Their preferences and demands drive the market, as they choose products based on factors like effectiveness, safety, fragrance, and convenience.
  • Research and Development Institutions: Universities, research organizations, and government agencies conduct research to develop new and improved insect repellent active ingredients. Their findings contribute to advancements in the field and may lead to the discovery of novel compounds.
  • Regulatory Authorities: Government agencies, such as the Environmental Protection Agency (EPA) in the United States, regulate the registration and approval of insect repellent active ingredients and products. They ensure that these products meet safety and efficacy standards before they can be sold to consumers.
  • Healthcare Professionals: Doctors, nurses, and public health experts provide guidance to individuals and communities on the use of insect repellents to prevent insect-borne diseases. They may recommend specific products based on the risk of disease transmission in each area.

 

To know more Get a PDF Copyhttps://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111358884

 

Market Driver: Growing cases of disease outbreak.

 

More than 17% of all infectious diseases are vector-borne, according to a report released by the WHO in March 2020. Each year, these illnesses result in about 700,000 deaths. They may be caused by viruses, bacteria, or parasites. Life-threatening diseases like chikungunya, influenza, the H1N1 virus, Zika virus, and dengue have all been on the rise over the past ten years and are typically carried by insects. The Zika virus outbreak in the Americas in 2017 (spread by Aedes aegypti and Aedes albopictus) was the most latest outbreak caused by insect vectors.

 

The most harmful diseases are spread by mosquitoes. Millions of people globally contract mosquito-borne diseases including malaria and dengue each year. The need for insect repellent products has increased recently due to the spread of diseases.

 

Malaria is a parasitic infection transmitted by Anopheles mosquitoes. Globally, an estimated 219 million cases of malaria are reported; it results in more than 400,000 deaths annually. Most of the deaths occur in children below the age of five years.

 

Dengue is another deadly infection transmitted by Aedes mosquitoes. Every year, more than 3.9 billion people in over 129 countries contract dengue. The disease reportedly claims an estimated 40,000 lives every year. According to the National Vector Borne Disease Control Programme (NVBDCP) (India), in 2017, about 11,552 cases of dengue were reported in Tamil Nadu, recording a 350% increase in the number of cases compared to 2016.

 

Insect Repellent Active Ingredients Market Ecosystem

 

Prominent companies in this market include well-established, financially stable manufacturers of insect repellent active ingredients market. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Sumitomo Chemical Co., Ltd(Japan),BASF SE (Germany), Spectrum Brands, Inc. (US), Reckitt Benckiser Group PLC (UK), Henkel Ag & Co. (Germany), Merck Kgaa (Germany), S C Johnson & Sons Inc. (US), Dabur (India), Godrej Consumer Products Limited (Us), Enesis Group (Indonesia) and Sawyer (US).

 

 

 

Who are the key players in the insect repellent active ingredients market?

 

Major manufacturers in this market are based in North America, Asia and Europe. BASF SE (Germany), Spectrum Brands, Inc. (US), Reckitt Benckiser Group PLC (UK), Henkel Ag & Co. (Germany), Merck Kgaa (Germany), S C Johnson & Sons Inc. (US), Dabur (India), Godrej Consumer Products Limited (Us), Enesis Group (Indonesia), Sawyer (Us), Bugg Products Llc (US) are among a few leading players operating in the insect repellent active ingredients market. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities further to expand their presence in the insect repellent active ingredients market.

 

SPECTRUM BRANDS, INC.

 

Spectrum Brands Inc. is a diversified consumer products company operating through various business segments, including Global Batteries & Appliances, Global Pet Supplies, Home & Garden, and Hardware & Home Improvement. Within the Home & Garden segment, Spectrum Brands offers a range of insect repellents, catering to the needs of consumers seeking protection from bugs and mosquitoes. Some of their popular insect repellent products include Cutter, Repel, and Hot Shot. The company has a strong presence in North America, Europe, Latin America, and the Asia-Pacific region. In 2023, Cutter introduced new diffuser technology with cutter eclipse zone mosquito repellent device that continually releases insect repellent, creating an invisible shield that protects against mosquitoes.

 

Book a meeting with our experts to discuss your business needs: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=111358884

(use Corporate E-Mail-Id to receive a quick response)

 

DABUR

 

Dabur is a leading consumer goods company based in India, known for its diverse portfolio of products in healthcare, personal care, and food segments. With a rich history spanning over a century, Dabur has established itself as a trusted brand both domestically and globally. In the healthcare segment, Dabur offers a range of products including Ayurvedic medicines, health supplements, and natural remedies. It has a strong presence in the personal care segment with offerings such as hair care, oral care, skincare, and baby care products. Additionally, Dabur manufactures and markets a wide range of food products, including fruit-based beverages, honey, and culinary pastes.One of Dabur's notable product lines is its range of insect repellents. These products provide effective protection against mosquitoes and other insects, ensuring the well-being of consumers. Some popular insect repellent products from Dabur include Odomos and Dabur Good Knight. These products are widely recognized for their quality, efficacy, and long-lasting protection.Dabur has a robust presence across India and has expanded its reach to several international markets. In 2019 Dabur launched, 'Kids Vs Mosquito Rap Battle', to promote, Odomos spray.