The market for insect repellents in Europe has been witnessing an immense rise since the past few years. The rising prevalence of insect-borne diseases in the region has rapidly increased the demand for insect repellents in Europe. Analysts project the demand for these repellents to continue at a high pace in the coming years on account of the growing concerns over insect-borne diseases among European citizens.
According to a research study published by Transparency Market Research (TMR), the Europe insect repellent market attained a value of US$1.40 bn in 2014. Experts project it to rise at a CAGR of 3.0% between 2015 and 2023 and reach a value of US$1.82 bn by the end of 2023.
Non-body Worn Insect Repellents Segment to Maintain Dominance over Coming Years
Body and non-body worn insect repellents are the key types of products available in the Europe insect repellant market. The non-body worn insect repellents segment led the Europe market in 2014 with a share of more than 95%.
The high demand for coils, liquid vaporizers, mats and sheets, and aerosols paved the path for this segment in Europe that year. The efficiency, low price, and easy availability of these products in the market have also prompted people to prefer them over other options. Analysts expect this trend to continue in the coming years.
The demand for body worn insect repellents, specifically oil and creams, is also expected to rise in the near future. The ease of use provided by these repellents is likely to propel this segment considerably over the next few years.
Concerns over Prevalence of Insect-borne Diseases to Fuel Demand for Insect Repellents in Italy
The insect repellent market in Europe is spread across the U.K., Germany, France, Iceland, Spain, Italy, Belgium, Netherlands, Switzerland, Denmark, Sweden, Norway, Finland, and the Rest of Europe.
In 2014, Italy emerged as the leader in the overall market with a share of 20% in the total revenue generated. The country is expected to report a rapid rise in the forthcoming years too, as concerns over the prevalence of insect-borne diseases are increasing among local residents. Apart from this, the availability of aerosol-based insecticides and mosquito repellent coils at discounted rates is also fueling the demand for insect repellents in this country.
Browse Full Europe Insect Repellent Market Report with TOC :http://www.mrrse.com/europe-insect-repellent-market
U.K. Insect Repellent Market to Surpass Italy’s Market in Future
The U.K. insect repellent market, however, is likely to surpass the market in Italy in the next few years. The increase in the number of ants, mosquitoes, wasps, flies, and other insects in the nation during summer is projected to act as the main growth driver for the U.K. insect repellent market in the coming years. The market for insect repellents in the Rest of Europe is also expected to gain impetus in the near future on account of their growing popularity in rural areas.
3M Corp., S.C. Johnson & Son Inc., DuPont, Avon Products Inc., BASF S.E., and Omega Pharma are the leading producers of insects repellent in Europe.