Bizizz Market Research has recently published a research report, “Mosquito Repellent Candle Market by Product (Tea Lights, Container-Based, Others), by wax (Soy Wax, Beeswax, Others), Distribution channel (Online and Offline), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Mosquito Repellent Candle Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 54.7 Mn by 2027, witnessing a CAGR of 10.5 % during the forecast period. Key driver of the market are increase in consumption of mosquito repellent candles due to their capability to repel mosquito born epidemics efficiently.
The rise in consumption of mosquito repellent products is attributed to increased prevalence of mosquito borne epidemics. The mosquito repellent candles are widely adopted across the globe due to their advanced properties over its alternatives such as low smoke performance along with fragrance.
The Mosquito Repellent Candles Market Is Anticipated To Register A CAGR Of Over 10.5% During The Forecast Period.
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By Product, Container Based Mosquito Repellent Candles Segment Held A Prominent Share In Global Mosquito Repellent Candles Market In 2018.
Growth of the container-based mosquito repellent candles segment is projected to have a greater adoption by the middle class society. Mosquito repellent candles are accessible with different containers that are composed of metal, plastic, glass, and ceramic. Mosquito Repellent candles have advantages of annexing a visual attractiveness of furnishings. The key players in the market are exploring various other means of eco-friendly material to comply with government regulations regarding emission of pollutants.
North AmericaIs Anticipated To Dominate The Global Mosquito Repellent Candles Market During The Forecast Period.
North America is leading the market of mosquito repellent candles, it is accounted for more than 35% of the global market share. Moreover, The Asia-Pacific region is projected to exhibit a repaid growth, expanding at a CAGR of 10.7% during the forecast period. Rise in prevention of mosquito-borne diseases mainly in countries such as of Burma, Indonesia, India, Vietnam, Malaysia, Myanmar, Philippines, and Thailand is anticipated to fuel the demand for Mosquito Repellent Candles in Asia Pacific region.
Global Mosquito Repellent Candles Market Was Highly Fragmented Among The Number Of Local And Global Players. These companies are offering advanced mosquito repellent candles to maintain their competitive advantages in the market.
Prominent players operating in the Global Mosquito Repellent Candles Market are: Chagrin Valley Soap & Salve Co.; UCO Gear, The LA JOLIE MUSE, SPECTRUM BRANDS, INC.; Coleman Company, Inc.; Aoyin Xingtang Candle Co., Ltd, Scents Candles and Gifts, Ilovefevertree; Artistique Designer Products; and Murphy’s Naturals, Inc., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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