Enhanced Pepper Sprays is fastest growing segment fueling growth of Pepper Sprays Market
The global Pepper Sprays Market is estimated to be valued at US$ 31.47 Mn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Pepper sprays are self-defense products used against threats from animals
and humans. They contain oleoresin capsicum, commonly known as pepper spray, and
upon contact or inhalation, cause immediate closing of the eyes, difficulty
breathing, running nose and general discomfort. Their usage allows to deter
attackers and escape to safety.
Market key trends:
One of the major trends in the pepper sprays market is the introduction of
enhanced pepper sprays. Traditional pepper sprays contain 5-10% major
capsaicinoids from chili peppers. However, new enhanced formulas contain 15-20%
capsaicinoids and are 2-3 times more effective. They not only cause immediate searing
pain but also reduce threats for an extended period. Their long-lasting effects
help counter multiple attackers and buy more time to flee to safety. Product
innovations focusing on delivering higher capsaicinoid concentrations are
expected to drive the enhanced pepper sprays segment in the coming years.
Segment
Analysis
The pepper sprays market can be segmented based on product type, end user, and
geography. Based on product type, the market has been segmented into pepper
sprays, pepper gels, pepper foams, and pepper grenades. Pepper sprays dominate
the overall market with a share of over 55%, as they are compact, easy to
carry, and offer effective self-defense at an affordable price.
Key Takeaways
The Global
Pepper Sprays Market Size is expected to witness high growth,
exhibiting a CAGR of 13% over the
forecast period, due to the increasing concern for personal safety and security
among individuals.
Regional analysis
The North American pepper sprays market holds the largest share globally,
accounting for over 35% of the overall market share. The region exhibits high
demand for self-defense products owing to high crime rates in the US. Asia
Pacific is expected to witness the fastest growth over the forecast period with
a CAGR of 15%, due to growth in the number of working women and rising
discretionary income in developing countries.
Key players
Key players operating in the pepper sprays market are Counter Assault,
Defense-technology, Fox Labs International Inc., J&L Self Defense Products
Inc., Mace Security International, Inc., SABRE - Security Equipment Corp.,
Super-Sparkly Safety Stuff, LLC., Suresafety, UDAP Industries, Inc., and Zarc
International Inc. Pepper sprays from leading brands such as SABRE and Mace
offer high potency levels for effective self-defense.
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