July 23, 2024

Rapid Urbanization And Increasing Crime Rates To Boost The Growth Of Pepper Sprays Market

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, also known as OC sprays (from Oleoresin Capsicum), are chemical sprays or aerosols used in civilian self-defense and law enforcement self-defense pepper spray products. Pepper sprays cause temporary blindness, pain, breathing difficulties and coughing. It is most effective when sprayed directly into the face from close range as it incapacitates the attacker by causing immediate closing of the eyes, difficulty breathing, runny nose, and coughing. This allows the victim to flee to safety. Pepper sprays provide protection without long-term or permanent injury and can deter or repel attacks.

Market key trends:
The Pepper Sprays market is primarily driven by increasing crime rates and rising concerns regarding personal safety globally. According to the FBI report, violent crimes increased by 5% in the U.S. in 2021 compared to 2020. In addition, rapid urbanization leading to overcrowding in cities has amplified the need for self-defense products. Another key trend is the growing availability of pepper spray products through e-commerce channels. This has made such products easily accessible to mass population. Moreover, increasing adoption of pepper sprays by women for self-protection purposes is expected to propel market growth over the forecast period.

Porter’s Analysis

Threat of new entrants: Low barriers to entry like low initial capital investment make threat of new entrants moderate in pepper sprays market.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of variety of products and brands in market but high switching cost reduces their power.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitute raw materials and components.

Threat of new substitutes: Threat of new substitutes is low as pepper sprays are effective non-lethal self defense weapons.

Competitive rivalry: Intense competition exists among existing players due to highly fragmented market with large number of national and international brands.

Key Takeaways

The Global Pepper Sprays Market is expected to witness high growth, exhibiting CAGR of 13.% over the forecast period, due to increasing incidences of violence and criminal assaults. The market size for 2023 is US$ 31.47 Mn.

North America dominates pepper sprays market with over 50% share due to stringent gun control policies and awareness about non-lethal self defense weapons. Asia Pacific exhibits fastest growth due to growing female population in urban areas and safety concerns.

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. Players adopt strategies like new product launches, mergers, partnerships and geographic expansion to increase market share.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it