The Pepper Sprays Market Is Estimated To Witness High Growth Owing To Rising Crime Rates

 

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.\

Read More - https://www.dailyprbulletin.com/self-defense-products-is-the-largest-segment-driving-the-growth-of-pepper-sprays-market/

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