September 22, 2021
According to the research report titled ‘South East Asia Mosquito Repellent Market (2021 Edition) - Analysis By Product Type, Distribution Channel, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)‘, available with Market Study Report LLC, South East Asia mosquito repellent market was valued at USD 997.42 million in 2020 and is slated to record significant growth over 2021-2026.
As per findings of the report, rising instances of mosquito-borne diseases such as lymphatic filariasis, malaria, & dengue, especially in nations like Vietnam and Indonesia are fueling South East Asia mosquito repellent market growth.
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Moreover, various government initiatives & programs promoting awareness to prevent and control vector-borne diseases through collaborations with several global institutes such as World Health Organization are enhancing market development. Further, developing cognizance regarding prevention of mosquito breeding with the help of improved urban housing and waste & water management are also benefitting the industry scenario.
In terms of product type, the market sphere is divided into cream & oil, mats, sprays/aerosol, liquid vaporizers, coils, and others. Moving to distribution channel, the industry is classified into online, specialty stores, small retail stores, and large retail stores.
Elaborating on the country-level segmentation, key growth hubs for mosquito repellent market in the South East Asia region are Myanmar, Thailand, Singapore, Vietnam and Indonesia. Among them, Indonesia currently holds a major market share and will likely garner strong returns over the forecast duration.
Rise in fatal disease-carrying animals that can potentially cause outbreaks along with presence of major players and a large population base are supporting the industry growth in Indonesia. In particular, increasing prevalence of various mosquito-borne diseases among the expanding middle income class is accelerating the industry expansion in the country. Further, favorable government initiatives are strengthening the business landscape.
With respect to the competitive landscape, Godrej Consumer Products Limited, Henkel AG & Co. KGaA, Reckitt Benckiser Group plc, Spectrum Brands Holdings, Inc., and S. C. Johnson & Son, Inc. are the major players in South East Asia mosquito repellent market.
The aforementioned companies are focusing on strengthening their foothold in the market by adopting both organic and inorganic strategies such as mergers, acquisitions, partnerships, and new product launches.