As per a newly published report by QY Research, the Global Mosquito Repellent Bracelets Market is foreseen to rise at a 6.44% CAGR during the forecast period 2017-2025. Titled “Global Mosquito Repellent Bracelets Market Research Report 2018,” the report provides a projection where the market is forecast to bag a US$ 304.29 Mn by the end of 2025. In 2017, the market was accounted for worth US$ 184.73 Mn.
In terms of sales volume, the global mosquito repellent bracelets market is predicted to touch 160,151.7 K Units by end of 2025, growing at a 10.43% CAGR. If the production value of the market is concerned, it could increase to a US$ 108.9 Mn by end of 2025 from a US$ 66.65 Mn achieved in 2017 at a 6.33% CAGR.
Global Mosquito Repellent Bracelets Market: Drivers
The demand for mosquito repellent bracelets is anticipated to increase due to the rising prevalence of mosquito-borne diseases such as dengue, malaria, West Nile fever, and even Zika virus, lymphatic filariasis, and Japanese encephalitis.
Increasing incidence of skin allergies caused due to the use of mosquito repellent lotions could encourage consumers to switch to mosquito repellent bracelets.
However, stringent regulations related to the use of chemical-based mosquito repellents is foretold to pose a challenge to market players. Nonetheless, the availability of natural and herbal products and introduction of innovative offerings could dilute the effect of the market restraint in the near future.
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Global Mosquito Repellent Bracelets Market: Forecast by Type and Age
On the basis of type, the global mosquito repellent bracelets market is classified into three segments, i.e. chemical mosquito repellent wristband, natural mosquito repellent wristband, and electric repellent watch. Among these, natural mosquito repellent wristband is envisaged to dominate the market, taking into account its king’s share of 91.78% collected in 2017.
By age, the global mosquito repellent bracelets market is segmented into adult and children. Among these segments, adult is projected to continue taking the largest share of the market as it did in the past. In 2017, it secured a commanding share of 76.48%.
Global Mosquito Repellent Bracelets Market: Forecast by Region
Geographically, China is foretold to show dominance in the global mosquito repellent bracelets market throughout the forecast period. It accounts for a 26.36% share of the market. Europe and North America are other important markets for mosquito repellent bracelets, accounting for 23.71% and 18.59% shares.
Japan, Korea, India, Southeast Asia, and Brazil collect smaller shares of the global mosquito repellent bracelets market, i.e. 5.79%, 3.15%, 2.89%, 2.63%, and 1.42%.
Global Mosquito Repellent Bracelets Market: Key Players
The report profiles important players of the global mosquito repellent bracelets market, viz. Dabur, Bugslock, BabyGo, Kinven, Shanghai Windtalk Leisure, and Runben. According to the report, PARA’KITO leads the market. However, it faces strong competition from several small companies operating in the market.
The global mosquito repellent bracelets market shows a fragmented nature as it is characterized by the presence of a number of small suppliers.
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