Insect Repellent Market is Projected to Expand at a CAGR Value of 7% from 2021 to 2031

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Summary

The global insect repellent market is projected to expand at a healthy CAGR of 7% from 2021 to 2031, on the back of rising awareness of insect-borne diseases spreading fast across regions. India and China are expected to witness high sales over the next ten years.

Press Release

Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the Insect Repellent Market during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2028, and key prospects over the forecast period 2028. The insights and analytics on the Insect Repellent Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.

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Which Region Offers Great Potential for Insect Repellents?

According to the latest publication by WHO, vector-borne diseases account for more than 17% of all infectious diseases, causing more than 700,000 deaths annually. In addition, there are an estimated 219 million malaria (parasitic infection) cases globally, which result in more than 400,000 deaths every year.

Regions such as North America, East Asia, South Asia, and Europe have witnessed a large number of cases of dengue, malaria, and chikungunya. South Asia led the market with a share of 40.0% and is anticipated to witness significant growth in the near future. In Latin America as well, the market is projected to grow significantly due to growing awareness about insect-borne diseases.

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Country-wise Analysis

Why does the United States have huge potential for insect repellent manufacturers?

Other than being the biggest economy in the world, the United States of America has some of the biggest players involved in insect repellent manufacturing. The people and government of the country are well aware of insect borne diseases and they use various types of insect repellents to protect themselves.

Recently due to COVID-19 the demand for insect repellents has gone up in the country due to the fact that some studies have found that insect repellent can kill the covid-19 virus. As insect repellents are available in so many forms in the country, people use it more and frequently.

 

The Report Covers Exhaustive Analysis On:

  • Market Segments
  • Market Dynamics
  • Market Size & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The Insect Repellent Market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.

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Some important questions that the Insect Repellent Market report tries to answer exhaustively are:

  • Key strategic moves by various players in the Insect Repellent Market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares
  • Which strategies will enable top players in the Insect Repellent Market to expand their geographic footprints
  • Which new business models are expected to change the course of growth of key regional markets in near future
  • Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants
  • Which products segments have in recent years have seen new, lucrative application areas

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