Pepper Spray Market Expected to Reach US ~$51.85 Million and CAGR 10.3% by 2030 – Polaris Market Research
The global Pepper Spray Market size is expected to reach USD 51.85 million by 2030 according to a new study by Polaris Market Research.
There significant factors for the market growth are the increasing number of human trafficking, rape, riots cases, and rising civil unrest in nations like India, China, and Japan. Additionally, the growing traction of several outdoor activities such as hiking, and camping is propelling the chances of getting encountered with dangerous animals, which, in turn, further surging the industry demand globally. Moreover, the introduction of safe and effective products also augments the industry’s growth.
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Based on distribution channels, the online store segment dominates the global industry with the highest revenue shares and is expected to lead in the forecast period. Factors such as changing preferences for mode of shopping, and seeking more convenience by the population are bolstering the segment demand. Whereas, the specialty store segment is showing a considerable growth rate in the industry due to these stores offering a wide range of products and brands physically, fueling the segment growth over the forecast period.
The rising inclination towards outdoor activities such as camping, hunting, and many others are propelling the industry demand during the forecast period. The penetration of these products during hiking is growing as it offers protection from common threats and is lightweight to carry, effective, and cost-effective. In addition, bears attacking while camping is one of the major threats among the population; thereby, manufacturers are developing and launching several pepper sprays that offer better protection to the individual and are also safe for the bears. Hence, these factors act as major catalyzing factors for industry growth across the globe.
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Industry participants such as SABRE – Security Equipment Corp, Zarc International Inc., Counter Assault, Fox Labs International Inc., J&L Self Defense Products Inc., Mace Security International, Inc, Suresafety, UDAP Industries, Inc., Super-Sparkly Safety Stuff, LLC, and Defense Technology are some of the key players operating in the global industry.
Several leading players in the industry are frequently launching products to gain significant prominence across the globe. For instance, in July 2021, SABRE- Security Equipment Corp. introduced their Frontiersman Bear Safe, a pepper spray used by hikers, campers, and participants of other outdoor activities for bear defense. This product is further approved by the U.S. Environmental Protection Agency.
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Polaris Market Research has segmented the pepper spray market report on the basis of product, distribution channel, and region:
Pepper Spray, Product Outlook (Revenue – USD Million, 2018 – 2030)
Pepper Spray, Distribution Channel Outlook (Revenue – USD Million, 2018 – 2030)
- Specialty Shops
- Online Stores
Browse detailed report with in-depth TOC – Pepper Spray Market
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