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 to incapacitate assailants through the use of oleoresin capsicum, commonly known as pepper spray. They allow potential victims to ward off attackers as pepper sprays provide a non-lethal technique for self-defense.
Market key trends:
One of the key trends in the pepper sprays market is the increasing shift towards compact pepper sprays. Compact pepper sprays are much smaller and portable, providing more convenience and ease of carrying them. Their compact size makes them ideal for discreet self-defense in uncomfortable situations. This has increased their demand, especially among women and elderly population who may need self-defense in public places but do not want to draw unnecessary attention.
Segment Analysis
The pepper sprays market is segmented into gel, foam and stream based on product types. The gel segment dominates the market and accounts for over 35% share of the total pepper sprays market. Gel-based pepper sprays are easy to use and provide accurate dispersion of the irritant over a wide area. The consistent formula and easy to use nature have made gel-based pepper sprays as the preferred personal safety product.
Key Takeaways
The Global Pepper Sprays Market is expected to witness high growth, exhibiting 13% CAGR over the forecast period, due to increasing concerns regarding personal safety and security.
North America dominates the global pepper sprays market with over 45% share. The US accounts for the highest demand for pepper sprays in the region owing to rising incidences of violence and criminal activities. Asia Pacific is expected to witness fastest growth during the forecast period driven by increasing women's safety measures and demand from densely populated countries such as China and India.
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. The market is competitive in nature with these players focusing on new product launches and partnerships to gain higher market share. For instance, in 2022, Counter Assault launched a new line of high intensity pepper sprays specifically designed for the Indian market.
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