The ‘Global Sun Care Products Market Share, Size, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global sun care products market, assessing the market on the basis of its segments like product, form, gender, distribution channel, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Sun Care Products Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 7.2%
The growth of the sun care products market is being driven by the increasing consumer awareness of the harmful effects of UVA radiation leading to conditions such as solar elastosis and skin cancer. Moreover, rising disposable income and increasing penetration of key players in the market is driving the consumers’ demand for innovative products with effective UVA/UVB protection to meet their sun-protection needs. For instance, manufacturers are innovating to produce multifunctional products such as skin lighteners equipped with sun protection and moisturisers with sun protection among others, to cater to changing consumer preferences.
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The increasing incidences of sunburns, skin ageing, and cancers due to prolonged exposure to high-intensity sunlight are fuelling the demand for skin care products. Moreover, several cancer organisations are working to increase awareness related to the benefits of sun care products to prevent skin cancer which is expected to bolster the market growth over the coming years.
The diversification of e-commerce due to the penetration of the internet and the presence of online channels selling a range of sun care products is further aiding the growth of the global sun care products market. Moreover, with the rise in social media awareness, the use of sun care products has surged in recent years.
Sun Care Products Market Segmentation
Sun-care products are used to prevent skin damage from the sun. These products contain compounds that can reflect or absorb UV rays. They obstruct the damaging consequences of continuous sun exposure such as tanning, signs of ageing, sunburn, fine lines wrinkles, and pigmentation. Sun-care products are available in the form of creams, gels, lotions, etc.
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Based on product, the market is segmented into:
• Sun Protection Products
• After Sun
• Self-Tanning Products
On the basis of form, the market is divided into:
Based on gender, the market is categorised into:
On the basis of distribution channel, the market is divided into:
• Hypermarkets and Supermarkets
• Specialty Store
• Pharmacies and Drug Stores
The major regional markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Sun Care Products Market Trends
With a growing global economy and changing consumer lifestyles, the purchase of sunscreen and self-tanning products are rising, supporting the growth of the global sun care products market. Players in the market are investing in new technological advancements and product development to increase their customer base. For instance, A. Menarini expanded its portfolio by launching Solar D® sunscreen that uses a unique UV-activated vitamin D technology for protecting the skin .
North America and Europe are expected to hold significant shares in the global sun care product markets over the forecast period. Factors such as high awareness related to the benefits of sun care products, presence of key players, and increasing participation in outdoor recreational activities in the European and North American regions are augmenting the growth in the sun care products market. Meanwhile, the Asia Pacific region is expected to witness the fastest growth rate due to growing awareness of the photoaging and cancer-causing effects of UV radiation, increasing expenditure on personal care products, and socioeconomic and social advancements.
Key Market Players
The major players in the sun care products market report include
• The Procter & Gamble Company
• Unilever plc
• L’oréal SA
• Johnson & Johnson Services, Inc.
• Beiersdorf AG
• Shiseido Co., Ltd.
• The Estée Lauder Companies Inc
• S.C. Johnson & Son Inc.
• Edgewell Personal Care
• KOSÉ Corporation
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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