The Pepper Sprays Market Is Estimated To Witness High Growth Owing To Rising Crime Rates
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| Pepper sprays market |
The 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 2023-2030, as highlighted in a new report published by Coherent Market Insights. Pepper sprays work as an effective self-defense tool against attackers and are popularly used by security guards and law enforcement agencies. The products are portable, easy-to-use, and deliver a disabling spray of Oleoresin Capsicum (OC) derived from peppers of the genus Capsicum within a range of 3-4 feet.
Market Overview:
Pepper sprays are widely used for personal safety and security purposes. The
small, portable, and discreet devices offer effective protection against
attackers by temporarily incapacitating them through eye irritation, pain,
swallowing, and breathing difficulties. Key uses of pepper sprays include
self-defense for women, law enforcement applications such as riot control and
crowd dispersion, and security staff training and protection.
Market Dynamics:
The pepper sprays market is primarily driven by rising crime rates and
increasing concerns over personal safety. According to the FBI, the US recorded
an estimated 1.3 million violent crimes and 7.9 million property crimes in
2020. Such incidents have enhanced the need for reliable self-defense tools. Furthermore,
growing demand from law enforcement and military agencies is also fueling
market growth. However, stringent regulations around the sale and
transportation of pepper sprays in some countries hamper the market expansion.
SWOT Analysis
Strength: Pepper sprays are highly
effective in self-defense as they disable attackers temporarily. Pepper sprays
are legal to carry and use for self-defense in most countries and states. They
are lightweight, compact and easily portable for self-defense needs.
Weakness: Pepper sprays can
accidentally harm the user or others if not used carefully. Strong winds can
blow the spray back to affect the user.
Opportunity: Growing awareness about
personal safety and security is driving people to opt for non-lethal self-defense
products like pepper sprays. Various governments are promoting use of pepper
sprays for self-defense over firearms which is expanding the market.
Threats: Stringent regulations and
bans on pepper sprays in some regions can hamper the market growth.
Alternatively, attackers may resort to more lethal weapons overwhelming use of
pepper sprays.
Key Takeaways
The Global
Pepper Sprays Market is expected to witness high growth, exhibiting a
CAGR of 13% over the forecast period, due to increasing safety concerns among
people and promotion of non-lethal self-defense products. North America
dominated the market in 2023 with a share of over 30% owing to early adoption
of pepper sprays for self-defense and strict gun control policies promoting use
of pepper sprays. The market in the region is further driven by growing women
population opting for convenient self-defense products.
Asia Pacific is fastest growing region in the pepper sprays market expanding at
a CAGR of 15% during the forecast period. The growth can be attributed to
rising per capita income, increasing women workforce and escalating criminal
activities in emerging countries of the region. China, Japan and India
contribute almost half of the region's pepper sprays market revenue owing to
rising safety awareness and quick adoption of innovative self-defense
equipment.
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 highly competitive with these players
introducing newer variants with advanced features and launching awareness
campaigns to promote pepper sprays over firearms.\
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