Latin America Insect Repellent Market Size & Outlook
Latin America insect repellent market, 2017-2030 (US$M)
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Latin America insect repellent market highlights
- The Latin America insect repellent market generated a revenue of USD 705.8 million in 2022.
- The market is expected to grow at a CAGR of 6.4% from 2023 to 2030.
- In terms of segment, mosquito repellent was the largest revenue generating insect type in 2022.
- Mosquito Repellent is the most lucrative insect type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 705.8 million |
| Market revenue in 2030 | USD 1,155.5 million |
| Growth rate | 6.4% (CAGR from 2022 to 2030) |
| Largest segment | Mosquito repellent |
| Fastest growing segment | Mosquito Repellent |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mosquito Repellent, Bugs Repellent, Fly Repellent |
| Key market players worldwide | Reckitt Benckiser Group PLC, Godrej, Dabur India, Johnson & Johnson, Spectrum Brands Holdings Inc, Henkel AG & Co KGaA, Jyothy Laboratories, Coghlan’s, SC Johnson, Sawyer Products |
Other key industry trends
- In terms of revenue, Latin America region accounted for 14.7% of the global insect repellent market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,477.6 million by 2030.
Mosquito repellent was the largest segment with a revenue share of 53.37% in 2022. Horizon Databook has segmented the Latin America insect repellent market based on mosquito repellent, bugs repellent, fly repellent covering the revenue growth of each sub-segment from 2017 to 2030.
Increased risk of Chagas disease in the region has led to consumers investing in insect repellent products. For instance, according to the World Health Organization (WHO), in April 2023, approximately 6 to 7 million people across the globe, particularly in Latin America, are estimated to be infected with Trypanosoma cruzi , the parasite that causes Chagas disease.
Triatomine bugs transmit Chagas disease, which causes long-term damage to the heart and gastrointestinal tract. Thus, manufacturers in the region focus on producing effective insect repellents to prevent the transmission of Chagas disease. Moreover, according to WHO, in 2021, Venezuela reported the highest count of both presumed and confirmed malaria cases in the Latin American region, surpassing a staggering 194 thousand infections.
Brazil and Colombia ranked second and third, with approximately 163.5 thousand and 73.9 thousand instances of malaria, respectively, within the same year. This is expected to drive the growth of the insect repellent market in the Central & South American region over the forecast period.
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Insect Repellent Market Scope
Insect Repellent Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America insect repellent market size, by country, 2017-2030 (US$M)
Latin America Insect Repellent Market Outlook Share, 2022 & 2030 (US$M)
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