by Market Overview:
Pepper sprays are self-defense products containing oleoresin capsicum or capsaicin, a lachrymatory agent irritating the eyes exposed to it. Pepper sprays help to temporarily incapacitate attackers, providing time for escape or to summon help. They are commonly used for personal defense against attacks by individuals or animals.
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 key trends:
One of the key trends in the pepper sprays market is the increasing instances of violent crimes against individuals. According to the U.S. Bureau of Justice Statistics, in 2018, about 1.2 million violent crimes were committed against individuals in the U.S. alone. This has driven the demand for non-lethal self-defense products such as pepper sprays, tasers, and stun guns among individuals for personal safety and protection. Furthermore, rising concerns about women’s safety have also boosted the adoption of pepper sprays as one of the most accessible non-lethal weapons, especially on college campuses.
SWOT Analysis
Strength: Pepper sprays are small, easily carried self-defense devices that offer a non-lethal way to deter attackers. They provide temporary disabling effects like eye closure, coughing, difficulty breathing etc.
Weakness: Pepper sprays have limitations on outdoor windy conditions where the sprays can blow back to the user. Certain individuals with respiratory issues may have severe reactions.
Opportunity: Growing awareness about personal safety is increasing the demand for non-lethal self-defense products. Pepper sprays offer a viable alternative to firearms for self-protection.
Threats: Stringent regulations and bans on pepper sprays in some regions act as a challenge. Alternative non-lethal self-defense products like stun guns and alarms are also capturing market share.
Key Takeaways
The Global Pepper Sprays Market Size is expected to witness high growth, exhibiting a CAGR of 13% over the forecast period, due to increasing awareness about personal safety among individuals.
Regional analysis: North America dominates the pepper sprays market currently due to high demand in the US for self-defense products. Asia Pacific is expected to be the fastest growing market due to rapidly growing economies and rising safety concerns in major countries like 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 highly fragmented with numerous global and regional players offering a wide range of products. Major players are focusing on new product launches with advanced features and technologies for different target groups.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
