Demand for the Global Mosquito Repellent Candles Market over next decade, market value from US$ 34.4 Mn in 2019 at a CAGR of over 8.7% to reach US$ 67.3 Mn in 2027
According to FMI analysis, more than 60% of the mosquito repellent candles market is driven by the developed countries of North America and Europe.
Increasing demand for new and innovative products containing natural ingredients is likely to give significant growth opportunities to the natural ingredient mosquito repellents candles market in the next few years.
Manufacturers operating in the market are constantly engaged in extensive research and development activities to develop safer products. Examples include conceal candles manufactured by BioSensory Inc. and Yankee Candle Company
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The fumes produced from burning the synthetic mosquito repellent candles is considered toxic after a certain extent. As a result, consumers are demanding for natural ingredient mosquito repellent candles.
The manufacturers of mosquito repellent candles are anticipated to use natural ingredients such as citronella oil, lemongrass, and basil oil. Thus, companies in the mosquito repellent candles market are hugely investing in the formulation of natural products. Therefore, mosquito repellent candles market is expected to register new growth opportunities during the forecast period. The market is projected to rise at a CAGR of ~8.7% between 2019 and 2027, Future Market Insights foresees moderate growth for the market.
Key Takeaways from the Mosquito Repellent Candles Market Study
- According to the report, key market players are likely to focus on the product penetration in tropical and sub-tropical regions. Manufacturers of insect repellent products are shifting their focus toward integrated marketing communications, leveraging the reach of the internet, radio, hoardings, newspapers, billboards, and television for creating awareness about these diseases, while promoting their products.
- SME’s have potential opportunities by developing innovative products according to regional ecosystem.
- The Middle East and Africa (MEA) is forecast to witness high growth rates due to growing outbreaks of endemic diseases. Strengthening sales channels in the Middle East and Africa (MEA) and Asia Pacific, is anticipated to create significant expansion opportunities for players in the mosquito repellent candles market.
- E-commerce sales channel is estimated to generate high revenue in the forecast years for the mosquito repellent candles market owing to increasing internet usage among consumers.
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Who is winning?
Some of the key players operating in the Mosquito Repellent Candles market are Gies-Kerzen GmbH, Yankee Candle Company, Diversam Comaral, Biosensory Inc., Mosquito Naturals, Bite Lite LLC, Murphy’s Naturals, Inc., Spectrum Brands, Inc., Chagrin Valley Soap & Salve Co., Coghlan’s Ltd., Just Makes Scents Candles and Gifts, UCO Gear and others.
Several leading market players are engaged in partnership with other companies to increase their product offering across the world. Moreover, companies are actively participating in the international and regional trade events to promote their products.
- In 2019 Murphy’s Naturals Partnered with CompanyFirst and One Better Ventures which helped company to boost its sales through increase in the product offering.
- In September 2017, Quantum Inc. participated in the Natural Products Expo in Baltimore, U.S. Similarly, in August 2017, the company participated in the Canadian Health Food Association’s (CHFA) exhibition to showcase its range of DEET-free insect repellents and other health care products. All these factors are consolidating the company’s position in mosquitoes repellent candles market in North America.
MOSQUITO REPELLENT CANDLES MARKET TAXONOMY
The global mosquito repellent candles market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Nature
- Natural
- Synthetic
End User
- Residential
- Commercial
Sales Channel
- Direct Sales
- E-commerce
- Supermarket/Hypermarket
- Drug Stores
- Convenience Stores
- Department Stores
- Other Sales Channels
Region
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East and Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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