The global natural insect repellent market is projected to be valued at USD 2 billion in 2023 and is expected to grow to USD 4 billion by 2033, with a compound annual growth rate (CAGR) of 7.1% during the forecast period. Natural insect repellents currently hold a 20-25% share of the global insect repellent ingredient market, driven by an increasing demand from health-conscious consumers. Future Market Insights forecasts a detailed analysis of the market dynamics, highlighting factors influencing industry innovation. Notable advancements in the market include the development of organic, non-inflammable insect repellents made from natural active ingredients, which are safe for human use and are helping to drive sales growth.
Key Takeaways of Natural Insect Repellent Market Study
- Sprays/aerosols continue to be top-selling category in terms of product type.
- Oil of lemon eucalyptus will remain highly preferred ingredient by prominent manufacturers.
- Europe and North America will lead the global natural insect repellent market through 2029.
- Middle East & Africa (MEA) and Asia Pacific will offer lucrative opportunities for manufactures over the forecast period.
Natural Insect Repellent Market – Key Growth Factors
- Rising sentience among consumers for natural insect repellents is stimulating market growth.
- Heightening prevalence of vector-borne diseases continues to fuel the demand for natural insect repellents.
- Rapid climatic changes will drive the growth of global natural insect repellent market through 2029.
- Flourishing real estate industry remains major growth propeller of natural insect repellent market.
Natural Insect Repellent Market – Key Restraints
- Counterfeit products are threatening the reputation of top players in the natural insect repellent market.
- Natural insect repellents are considered less effective which is constraining market growth.
Impact of COVID-19 on Natural Insect Repellent Market
The COVID-19 pandemic has slowed down the services sector activity in view of dented demand across the globe. The discretionary spending by the consumers worldwide is dampening the growth of natural insect repellent market in the wake of current outbreak. COVID-19 has posed economic challenges which the government is trying to combat. Hence, natural insect repellent market is experiencing a slowdown on account of strict lockdown measures. The priority of businesses has shifted to surviving the economic fallout caused by Coronavirus crisis. The pandemic has put a break on the otherwise upward-moving trend which will continue through later half of 2020. The market will gradually recover during first half of 2021.
Competitive Landscape
Some of the prominent stakeholders profiled in this FMI study include, but are not limited to, Enesis Group, Honasa Consumers Pvt. Ltd., Dabur India Limited, S. C. Johnson & Son, Inc., First Step Digital Pvt. Ltd., Homs LLC, Quantum, Inc., Godrej Consumer Products Limited, Spectrum Brands, Inc., and Reckitt Benckiser Group plc. Top players must adopt an integrated communication strategy which involves leveraging social media platforms such as Twitter and Instagram to promote the usage of natural insect repellents. Meanwhile, they must continue to capitalize on conventional communication media such as television advertisement and printed media as well.
Key Players in the Market
- Coghlan’s Ltd.
- Dabur International Ltd.
- Godrej Consumer Products Limited
- Himalaya Herbals
- Johnson & Johnson Services, Inc. (J&J)
- Jyothy Laboratories Ltd. (JLL)
- Reckitt Benckiser Group plc.
- S. C. Johnson & Son, Inc.
- Spectrum Brands Holdings, Inc.
- Sawyer Products, Inc.
Market Segmentation
Product:
- Sprays/Aerosols
- Creams
- Essential Oils
- Liquid Vaporizers
- Other Products
Ingredient:
- Oil of Lemon Eucalyptus
- Citronella Oil
- Catnip Oil
- Soybean Oil
- Other Ingredients
Distribution Channel:
- Online Sales of Natural Insect Repellents
- Offline Sales of Natural Insect Repellents
- Organized Retail
- Unorganized Retail
Pest Targeted:
- Mosquitoes
- Flies
- Ticks
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East & Africa
Report Preview: https://www.futuremarketinsights.com/reports/natural-ingredient-insect-repellent-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube