Pepper Spray Market Synopsis:
The pepper spray market size is projected to reach approximately USD 58.7 million by 2028, at a CAGR of 5.83% from 2021 to 2028.
Pepper Spray Market Dynamics:
Pepper Spray Market Analysis is made up of a chemical known as oleoresin capsicum (OC). OC is a chemical derivative of very hot peppers. This compound causes extreme burning and pain if it meets eyes, skin, and mucous membranes. Owing to this it acts as a very effective way to prevent any kind of physical attack. The effects caused by pepper spray are nonlethal. However, they are instant and last up to 45 minutes, completely disabling the attacker. There are numerous different types of pepper spray products for purchasing as a self defense weapon for increasing safety and personal protection. Majorly there are four types of pepper spray products such as fogger, stream, gel and foam. The pepper spray market report is experiencing a decent amount of growth from past few years. This growth of the market is majorly attributed to growing cases of human trafficking, rapes, eve teasing, protests, and riots. Moreover, the popularity of pepper spray is majorly increasing among women for self-defense purposes. Increasing crimes are creating awareness among people for adopting pepper spray, thereby boosting the market growth. Moreover, the growing trends of forest safari and mountain trekking can create huge opportunities for the pepper spray market. As people are increasingly taking interest in outdoor activities such as hunting, camping, and trekking. This can help in boosting the demand for pepper sprays, as they help in staying safe from attackers and deadly animals in any kind of emergencies. All these factors are expected to boost the growth of the global pepper spray market for the forecast period. However, there are several countries such as Japan, China, Canada, and UK where usage of pepper spray is banned and require valid license and reason for even carrying pepper sprays. This reason can act as a restraining factor for the growth of pepper spray market value during the forecast period.
Competitive Landscape:
The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach across the globe with diverse product portfolios. Companies such as Mace Security International, Inc (US), Plegium Inc. (US), and Zarc International Inc. (US) dominate the pepper spray market scope due to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are focused on investing in research and development. Furthermore, they adopt strategic growth initiatives, such as expansion, product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.
Which businesses dominate the industry for pepper spray?
Prominent players in the global Empty Pepper Spray Bottles market include Counter Assault (US), Defense Technology (US), Fox Labs International Inc. (US), JL Self Defense Products Inc (US), Mace Security International, Inc (US), SABRE - Security Equipment Corp. (US), Sure Safety (India), JL Self Defense Products Inc. (US), Plegium Inc. (US), and Zarc International Inc. (US).
Regional Analysis:
By region, the global pepper spray market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the largest market share of 34.00% in 2020. Asia-Pacific is projected to exhibit the highest CAGR of 6.35% during the review period.
North America Market: North America is the largest market in 2020 and is expected to experience a decent growth rate during the forecast period in the global pepper spray market. In North America region, the US holds the largest market share. The major players operating in the market are based in the region. Such as Mace Security International Inc. is an Ohio based manufacturer of security, personal defense, and surveillance products. According to the President and Chief Executive of Mace Security about 75 percent of company's sales are domestic.
Asia-Pacific Market: Asia-Pacific is expected to experience the highest CAGR during the forecast period in the global pepper spray market. Asia Pacific is expected to experience the highest CAGR during the forecast period. This growth can be attributed to increasing penetration for such defense products across countries such as China and India. Moreover, increasing problems of civil interest across countries such as China, India, and Japan are projected to boost the growth for pepper spray market in the region for the forecast period.
Pepper Spray Market Segmental Reviews:
The global pepper spray market has been segmented based on product type, distribution channel, and region.
By product type, the global market has been segmented into pepper spray foggier, pepper spray stream, pepper spray gel, and others. The pepper spray stream segment held the largest market share in global pepper spray market for the year 2020. The segment is also expected to grow with highest CAGR during the forecast period.
By distribution channel, the market has been segmented as store-based and non-store-based. Store-based distribution channels include supermarkets hypermarkets, convenience stores, specialty stores, and others. The non-store-based segment is expected to register the highest CAGR in the global pepper spray market for the year 2020. Manufacturers of pepper spray are inclined towards non-store-based distribution channels for the extensive sales of their products. Owing to the COVID-19 there has been lockdown in most of the countries and has resulted in the forced closure of retail stores. Companies are opting for online distribution platforms as they need to extend their consumer reach, considering the present situation. Also, consumers have access to a wide variety of products in terms of several offers.
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