Report Details:
15 Companies Covered
128 Pages
Market Research Future has published a half-cooked research report on the Global Pepper spray Market, 2021–2028.
Pepper Spray Market Highlights
The global pepper spray market is projected to be valued at USD 58.7 million by 2028, recording a CAGR of 5.83% during the forecast period. Pepper spray 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 comes into contact with 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 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 global pepper spray market during the forecast period.
The lockdown in various countries across the globe is also affecting the production capacity of the pepper spray manufacturing companies. Manufacturers in the industry are also facing production problems as they have to either shut down production to ease employee concerns or are run production under-staffed. Procurement of ingredients has also become a major concern for the manufacturers. The company’s contract manufacturer that produces the pepper spray had to close the production facility in response to the ongoing disease outbreak, which has affected both the manufacturing and shipping of the pepper sprays. This is further hampering the demand-supply of pepper sprays.
With countries across the world, locking down their borders, there have been minimum export-import movements, which has profoundly impacted the growth of the overall pepper spray industry. Measures to contain COVID-19 have led to multiple productions and transport disruptions in China, where much of the global supply of ingredients originates. All this has severely affected the supply chain of pepper spray market at a global level.
Market Research Future has recognized the following companies as the key players in the global pepper spray market are Counter Assault (US), Defense Technology (US), Fox Labs International Inc. (US), J&L Self Defense Products Inc (US), Mace Security International, Inc (US), SABRE - Security Equipment Corp. (US), Sure Safety (India), J&L Self Defense Products Inc. (US), Plegium Inc. (US), and Zarc International Inc. (US).
Segmental Analysis
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 fogger, 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 the majority 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.
Regional Analysis
Geographically, the global pepper spray market has been categorized as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. As per MRFR analysis, North America constituted a dominant share of market in 2020. And Asia-Pacific is expected to grow with the highest CAGR during the forecast period.