According to a new market report published by Transparency Market
Research “Insect
Repellent Market - Europe Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 - 2023,” in terms of revenue, Europe
insect repellent market was valued at US$1.40 bn in 2014, and is
expected to reach US$1.82 bn by 2023, increasing at a CAGR of 3.0%
from 2015 to 2023.
The insect repellant market in Europe is primarily driven by
increasing concerns about insect-borne diseases and existence of
strong distribution networks in the continent. Furthermore, rising
demand for natural insect repellant products is likely to create a
potential growth opportunity for the insect repellant market in the
future. However, strict government regulations pertaining to safety
of insect repellent products is expected to hinder the growth of the
market throughout the forecast period.
On the basis of product type, the insect repellent market in Europe
is subdivided into body worn insect repellent and non body worn
insect repellent. The market for body worn insect repellent is driven
by increasing consumer awareness about the safety aspect of these
products. These insect repellents are mostly made of natural
ingredients such as citronella oil and eucalyptus oil, which have
minimal toxicity levels and do not have any side effects when applied
on the skin. Insect repellent sprays are also manufactured from these
natural raw materials and are considered to be safe for children,
with little or no side effects.
View and Download TOC of Europe Insect Repellent Market Research
Report @
Non body worn insect repellents provide protection from critical
insect-borne diseases such as malaria, dengue, Lyme disease and
yellow fever among others. Moreover, low price of these products and
easy availability across online stores, retail outlets, supermarkets,
and hypermarkets are propelling the growth of the non body worn
insect repellent products market in Europe. Thus by revenue, non body
worn insect repellent was the largest contributor in the insect
repellent market in Europe in 2014 and accounted for market share of
approximately 96%.
The market for body worn insect repellent in Europe is further
subdivided into oils and creams, apparel, stickers and patches, and
aerosols. By revenue, oils and cream was the largest contributor to
the market for body worn insect repellent in 2014. The major reason
is attributed to wide utilization of these products in order to
protect an individual from the bites of mites, mosquitoes, lice and
ticks among others.
The market for non body worn insect repellent in Europe is further
classified into coils, mats and sheets, liquid vaporizers, and
aerosols. By revenue, aerosol was the largest contributor to the
market for non body worn insect repellent in 2014. Aerosol cans are
extensively used to repel or kill different insects including flies,
mosquitoes, and cockroaches among others.
The insect repellent market in Europe is divided into fourteen
countries: - Germany, U.K. France, Italy, Spain, Belgium,
Switzerland, Netherlands, Denmark, Norway, Sweden, Finland, Iceland,
and rest of Europe. In terms of revenue, Italy was the largest
contributor in the market in 2014, accounting for a market share of
approximately 20%. The market for insect repellent products in Italy
is likely to grow at a rapid pace, owing to increasing health
consciousness among consumers. Moreover, factors such as low prices
of mosquito repellent coils and aerosol based insecticides in Italy
are also responsible for propelling the growth of the market.
However, the insect repellent market in the U.K. is likely to grow at
the highest CAGR during the forecast period. The major reason is
attributed to increasing prevalence of mosquitoes, ants, wasps, and
flies among others in the country during the summer months. In
addition, insect repellents are more popular in rural areas than
urban areas as problems such as wasps are less common in towns and
cities.
Some of the leading players in the insect repellent market in Europe
are Avon Products Inc. (U.S.), S.C. Johnson & Son, Inc. (U.S.),
3M Corporation (U.S.), E.I. DuPont de Nemours and Company (U.S.),
BASF S.E (Germany) and Omega Pharma (Belgium). Key players have also
been profiled on the basis of company overview, financial overview,
business strategies and recent developments in the field of insect
repellent.
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