Mosquito Repellent Market is expanding their businesses with new and future investments |Kiryat Getim

2022-08-13 09:21:51 By : Ms. Jojo Hou

According to a recently published study on the global mosquito repellent market, by Persistence Market Research (PMR), developing economies are expected to demonstrate high adoption of mosquito repellents, with APEC leading the charge.According to the report, APEC and China together account for half of the volume and value - demand that is expected to grow at a significant CAGR.Request for Report Sample @ https://www.persistencemarketresearch.com/samples/25825With a market share of over 36 percent alongside significant incremental forecasts of opportunities, APEC is expected to remain the most profitable and revenue generating pocket for mosquito repellents.India, after the rest of APEC, is expected to gain high basis points - and further expand its market share.In terms of total cumulative opportunity generated during the forecast period of 2018-2026, India is expected to represent a share of approximately 50 percent.Apart from India, countries such as South Korea, Malaysia, Bangladesh, among others, are expected to witness a significant increase in demand for mosquito repellent products in the coming years.China, on the other hand, is expected to be positioned in the high volume and value growth quadrant, given the growing urban congestion in the region.Apart from the emerging markets,Opportunity Analysis: "PMR foresees significant growth opportunities in rural and developing markets, given the widespread availability of unbranded mosquito repellents in India. Manufacturers are increasing their revenue share in low-income developing regions by launching relatively cheaper and more effective products such as Good Knight Fast Cards, roll on , wipes from SC Johnson and Sons and Godrej Consumer Products Limited. Available for Rs 1 each, these cards burn instantly for 3 minutes, do not produce smoke and can repel mosquitoes for up to 5 hours. Additionally, cream-based mosquito repellents are expected to remain the preferred products the most, with a market share of over 53 percent, in 2018. However, low toxicity and high repellent action will create significant market demand for vaporization, in the coming years.", explains a senior analyst.Although N,N-Diethyl-3-methylbenzamide, also called DEET, provides protection against a variety of insects, including mosquitoes, fleas, leeches and ticks, several studies indicate its harmful effect on the human nervous system.Currently accounting for a relatively small volume share of the global mosquito repellent market, the biological segment, according to a source, will expand at a promising CAGR of over 8.5 percent, and maintain its position, in terms of growth, throughout the forecast period.to hold about 50-60 percent of the total market share.Tier 1 players have a diverse product portfolio and supply different forms and varieties of mosquito repellent to urban and rural regional areas.Level 2 mosquito repellent manufacturers make up almost 25-30 percent of the total market - with a relatively small production capacity and limited regional presence.Tier-2 manufacturers include Coghlan, Omega, Jyothy Laboratories, Global Consumer Products Private Limited, and Avon Product Inc.Holding around 10-15 percent of the total market, Tier 3 players are the smaller local players with limited product offerings and regional presence.The main differentiation strategies include:For in-depth competitive analysis, shop now @ https://www.persistencemarketresearch.com/checkout/25825Persistence Market Research is here to provide companies with a one-stop solution in everything related to improving the customer experience.It does engage in gathering appropriate feedback after having personalized interactions with customers to add value to the customer experience by functioning as the "missing" link between "customer relationships" and "business results."The best possible returns are guaranteed in it.