Global Sales of Natural Ingredient Insect Repellent Market is Expected to Accelerate at a Whopping 6.2% CAGR, Reaching US$ 3.5 Billion by 2031: TMR Study

Friday, 21 April 2023 09:33 AM

Topic: 

Company Update

WILMINGTON, DE / ACCESSWIRE / April 21, 2023 / Surge in demand for effective insect repellents based on botanicals, herbs, and plants is expected to offer lucrative opportunities in the natural ingredient insect repellent market.

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The global market stood at US$ 1.9 Bn in 2022 and is projected to expand at a CAGR of 6.2% from 2023 to 2031 and reach US$ 3.5 Bn by the end of 2031. Rise in adoption of organic insect repellents such as herbal bug spray is likely to augment the market size in the next few years.

Rapid increase in preference for natural ingredients over synthetic ones in insect repellents is likely to influence market dynamics. Recent market trends indicate that awareness about toxic health and environmental effects of synthetic ingredients in insect repellents has increased in the past few years, which is likely to fuel demand for natural ingredient insect repellents.

Rise in focus of consumer product companies across the world to encourage usage of effective vector-control methods to prevent mosquito-borne diseases is likely to bolster the natural ingredient insect repellent market growth. Surge in utilization of paper-based mosquito repellents and sprays among consumers is likely to accelerate global natural ingredient insect repellent market development.

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Market Snapshot:

Report Coverage

Details

Market Revenue

USD 1.9 Bn

Estimated Value

USD 3.5 Bn

Growth Rate - CAGR

6.2 %

Forecast Period

2023-2031

No. of Pages

150 Pages

Market Segmentation

By Product Type, By Ingredient Type, By Pest Targeted, Distribution Channel

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, South America

Companies Covered

Reckitt Benckiser Group PLC, Godrej Consumer Products Limited, Spectrum Brands Holdings Inc., Honasa Consumer Pvt. Ltd., Quantum Inc., Dabur International, Enesis Group and Homes LLC., HEMCO Corporation, S.C. Johnson & Son Inc., Prorep Brands Inc.

Key Findings of Study

  • Increase in Adoption of Plant-based Insect Repellents: Rising trend of usage of plant-based ingredients in repellents is expected to bolster the market. Plant-based sources used in natural insect repellents are safe for the environment and human beings. Companies are likely to incorporate earth-friendly ingredients, which is likely to fuel the natural ingredient insect repellent market. Plant-based insect repellents are non-toxic to the user and the ecology.
  • Rise in Usage of Sprays/Aerosols to Bolster Market Growth: Surge in adoption of effective and easy-to-carry plant-based insect repellent products is likely to offer significant opportunities to market players. Based on product type, the sprays/aerosols segment is likely to account for major market share in the next few years. Rise in demand for sprays can be ascribed to factors such as easy-to-carry and convenient application. Of the different active ingredients, oil of lemon eucalyptus is widely used in these products. The segment is expected to account for the leading market share from 2023 to 2031.

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Key Drivers

  • Rise in awareness about the global health burden of vector-borne diseases (VBD) is a key driver of the natural ingredient insect repellent market. Consumers are likely to become more concerned about toxic effects of usage of synthetic insect repellents on their health. This has spurred the popularity of several natural ingredient insect repellents in the past few years.
  • Surge in camping, hiking, and outdoor recreational activities is a key factor anticipated to bolster the natural ingredient insect repellent market. VBD account for more than 17% of all infectious diseases causing high mortality rate, such as dengue, malaria, and leishmaniosis.

Regional Growth Dynamics

North America is projected to account for leading share of the global natural ingredient insect repellent market from 2023 to 2031. Surge in adoption of various vector-control methods, including repellent-based interventions, is anticipated to propel the market in the region. Continuous R&D in repellents containing plant-based ingredients is likely to broaden market outlook in the near future.

The market in Asia Pacific is projected to record significant growth from 2023 to 2031. Rise in demand for natural ingredient insect repellents to prevent vector-borne diseases, especially malaria and dengue, is expected to fuel the expansion of the market in the region. Increase in burden of VBD in less developed countries in the region has led to high unmet need for natural ingredient insect repellents.

Competition Landscape

The business landscape in the natural ingredient insect repellent market is fairly fragmented, with the presence of large number of local as well as international players. Leading players are focusing on launching advanced products at affordable prices. These are also offering effective insect repellents that contain environmentally-friendly ingredients.

Entry of local players is likely to increase significantly in the next few years, which is projected to intensify competition among incumbent players.

Prominent companies in the natural ingredient insect repellent industry are Reckitt Benckiser Group plc, Godrej Consumer Products Limited, Spectrum Brands Holdings, Inc., Quantum Inc., Dabur International, Enesis Group and Homes LLC, S.C. Johnson & Son Inc., and Hemco Corporation.

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Natural Ingredient Insect Repellent Market Segmentation

By Product Type

  • Sprays/Aerosols
  • Creams
  • Essential Oils
  • Liquid Vaporizers
  • Others (Patches, Incense Sticks)

By Ingredient Type

  • Oil of Lemon Eucalyptus
  • Citronella Oil
  • Catnip Oil
  • Soybean Oil
  • Others (Tea Tree Oil, Neem Oil, etc.)

By Pest Targeted

  • Mosquitoes
  • Flies
  • Ticks
  • Others (Moth, Mites etc.)

Distribution Channel

  • Online
  • Company-owned Websites
  • E-commerce Websites
  • Offline
  • Specialty Stores
  • Supermarkets & Hypermarkets
  • Other Retail Stores

Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Key Companies

  • Reckitt Benckiser Group PLC
  • Godrej Consumer Products Limited
  • Spectrum Brands Holdings Inc.
  • Quantum Inc.
  • Dabur International
  • Enesis Group and Homes LLC
  • Hemco Corporation
  • S.C. Johnson & Son Inc.

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