Mosquito Repellent Candles Market Value to Surpass US$ 67.6 Mn in 2027
Globally, the World Health Organization (WHO) reports that there are more than 1 billion cases and more than 1 million deaths from vector-borne diseases annually. It also estimates that rising global temperatures, as well as altered precipitation and humidity linked to climate change, could significantly alter vector-borne diseases and their effect on human populations is making epidemics more difficult to predict and control. Natural or herb-based insect repellant are estimated to surge product penetration in tropical and sub-tropical regions. Consequently, people are looking forward to preventive measures for vector-borne diseases in their houses. According to Centres for Disease Control and Prevention, mosquito repellent candles are highly effective to prevent mosquitoes up to a distance of 1.0 meter. Accordingly, it is anticipated that increasing vector-borne diseases spread to impetus market growth. Exhibiting a moderate CAGR of ~9% yearly growth in revenues, the global mosquito repellent candles market will surpass US$ 67.6 Mn mark in 2027. This FMI study reveals that the market will grow at a steady pace during 2019 – 2027.
What are future prospects of the mosquito repellent candles market?
There will be steady growth in the demand for mosquito repellent candles over the next decade, with market value increasing from US$ 34.4 Mn in 2019 at a CAGR of over 8.7% to reach US$ 67.3 Mn in 2027.
How innovative mosquito repellent candles will create new value-adding business opportunities for market players?
Innovative mosquito repellent candles with improved efficiency is anticipated to witness high growth in forecasted years. Launch of innovative products that suffice the consumer’s requirements will expand the product offerings to generate lucrative opportunities in the market.
Which mosquito repellent candles will have the largest sales growth in the next five years?
Natural/Organic mosquito repellent candles is expected to hold a dominant position throughout the forecasted years. The pleasant fragrance produced by natural mosquito repellent candles is attracting consumers, thereby increasing sales of the products.
What revenues can market stakeholders derive from online sales over the next decade?
In 2019, mosquito repellent candles worth over US$ 7.9 Mn were sold through e-commerce platforms, and the number is set to maintain an average 10% annual increase during the forecast period (2019-2028).
Which region is expected to lead global sales of mosquito repellent candles?
North America region is anticipated to forefront of the global mosquito repellent candles market, with sales projected to grow at a CAGR of 7.8% during the predefined timeframe.
Which companies are investing significantly in the development of innovative products?
Investors continue to remain bullish in industry behemoths such as United Industries, Murphy’s Naturals, Spectrum Brands, Inc., and Yankee Candle Company, bringing innovative products into the marketplace. It is pertinent to note that a large number of new players are also vying for a pie of this lucrative market.
Residential Segment Holds Dominance with 67% Share in 2018
Driven by changing lifestyle and rapid urbanization, residential segment is expected to hold about 67% of the market revenue. Higher number of households as compared to number of commercial buildings is a factor responsible for high adoption of mosquito repellent candles in residential segment. However, commercial sector is expected to offer lucrative opportunities during the forecast period. There is zero tolerance for pests such as mosquitoes and flies in commercial sector. Commercial sector is abided by stringent rules and regulations on pest control. . In hospitality sector, mosquito repellent candles serves dual purpose of preventing mosquitoes through scented surroundings. Other commercial sectors such as spas have growing demand for natural mosquito repellent candles. There is an increasing trend of scented mosquito repellent candles with essential oils that create a refreshing and calm environment. This trend is anticipated to fuel the growth of mosquito repellent candles in the commercial sector. Amognst other mosquito repellent products, mosquito lamps are witnessing a boost owing to the increased perevelence of mosquito borne diseases. The rising risk of diseases such as yeloow fever, dengue, malaria, etc, among the common people is leading consumers to focus on mosquito killing products which is boosting the demand for mosquito repellant products.
Developed Countries to Drive the Growth of Mosquito Repellent Candles Market
According to FMI analysis, more than 60% of the mosquito repellent candles market is driven by the developed countries of North America and Europe. The high literacy rate of these regions results in smart consumers who show immense interest in knowing about the products they use. Besides, Asia Pacific is forecasted to be one of the emerging regions for the mosquito repellent candles market. Increasing population is one of the primary factors affecting the sales of the mosquito repellent candle.
Natural Products Serve as Suitable Substitute for Chemicals
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
Natural Mosquito Repellent Candles holds leading revenue share
Synthetic Mosquito Repellent Candles to showcase noteworthy CAGR
Residential segment has high adoption of mosquito repellent candl
Demand for product at commercial segment is on rise
E-commerce to remain top in distribution channel
Supermarket / Hypermarket is expected to show a high CAGR
Direct Sales Channel is expected to find opportunities in commercial sector.
How Growth will Unfold
The growth of the mosquito repellent candles is significantly dependent on their increasing adoption in the rural areas. Increased product penetration in untapped developing regions has helped key companies to significantly increase their revenue. Overall, the pest constrol services are witnessing a significant adoption in the residential sector as compared to commercial and agricultural sectors, due to growing concerns for hygienic environment and increasing diseases associated with insects. Although awareness among the consumers is being generated, majority of developing countries are unaware of availability of mosquito repellent candles. Moreover, it is estimated that about 23% of rural population only use insect repellent products. Hence, penetration of mosquito repellent candle market is meagre. It indicates that market players need to create more consumer education programs in developing regions to make the population aware on effectiveness of mosquito repellent candles.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Mosquito Repellent Candles Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019 - 2028
A new market study published by FMI on the mosquito repellent candles market offers global industry analysis for 2014-2018 and opportunity assessment for 2019-2028. The report offers a broad assessment of the most significant market dynamics. After conducting in-depth research on the historic as well as current growth factors of the mosquito repellent candles market, growth prospects of the market have been obtained with maximum precision.
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
What's Included
The report begins with the executive summary of the mosquito repellent candles market, which includes a summary of key findings and statistics of the market. It also includes market volume (ounces) and value (us$ million) estimates of significant segments in the mosquito repellent candles market.
Readers can find exhaustive taxonomy and definitions of the mosquito repellent candles market in this chapter, which will help them understand basic information about the market. This section also highlights inclusions and exclusions, which will help readers to understand the scope of the mosquito repellent candles market report. This section offers global overview of value chain analysis, and major forecast factors.This chapter also explains key macroeconomic factors that are expected to influence growth of the mosquito repellent candles market over the forecast period. Along with macroeconomic factors, this section also highlights opportunity analysis for the market. It also offers key market dynamics of the mosquito repellent candles market. Moreover, it will help readers to understand key trends followed by leading manufacturers in the mosquito repellent candles market.
This section provides detailed analysis of the historical mosquito repellent candles market volume (ounces) and value (USD Mn), along with an opportunity analysis for the future. Readers can also find absolute $ opportunity for the current year (2019–2020), and incremental opportunity for the forecast period (2019–2028). This chapter also analyses global mosquito repellent candles market on basis of nature, end user, sales channel and regions.
This chapter provides information about how the mosquito repellent candles market is anticipated to grow in major countries of the North America region, such as the U.S., and Canada, during the forecast period of 2019 - 2029.
Readers can find detailed information about several factors such as regional trends, which are impacting the growth of the Latin America mosquito repellent candles market. This chapter also includes growth prospects of the mosquito repellent candles market in leading Latin American countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the mosquito repellent candles market in several countries such as Germany, the U.K., France, Spain, Italy, and the Rest of Europe, are included in this chapter.
This chapter includes a detailed analysis of the growth of the East Asia mosquito repellent candles market, along with a country-wise assessment that includes China, Japan, and South Korea. Readers can also find regional trends, regulations, and market growth based on product type, consumer orientation, price, sales channel, and countries in East Asia.
India, Thailand, Indonesia, New Zealand, Australia and others are leading countries in the South Asia & Pacific region, which are prime subjects of assessment to obtain growth prospects of the South Asia & Pacific mosquito repellent candles market in this chapter. Readers can find detailed information on growth parameters of the Asia mosquito repellent candles market during the period 2019-2028.
This chapter highlights the growth of the mosquito repellent candles market in the MEA by focusing on GCC Countries, South Africa, Turkey, Israel, and others. This section also helps readers understand key factors that are responsible for the growth of the mosquito repellent candles market in the MEA.
In this chapter, readers can find a detailed information about the tier analysis and market concentration of key players in the mosquito repellent candles market, along with their market presence analysis by region and product portfolio. Moreover, readers can find a comprehensive list of leading stakeholders in the mosquito repellent candles market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report 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.
This chapter explains various assumptions considered for the mosquito repellent candles market. It explains different acronyms used throughout the report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, about the mosquito repellent candles market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Distributors
- Traders
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and long-term market growth prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
Secondary Research
- International Associations and Publications
- Food and Drug Administration (FDA)
- World Health Organization (WHO)
- American Academy of Pediatrics
- National Pest Management Association (NPMA)
- Association Of American Pesticide Control Officials
- The International Biocontrol Manufacturers' Association (IBMA)
- The International HCH & Pesticides Association (IHPA).
- PMFAI
- Japan Biocontrol Association
- United States Environmental Protection Agency
- South African Bioproduct Organisation (SABO)
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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