Sun Care Products Market was worth US$ xx million in 2021 and is estimated to reach a valuation of US$ xx million by the end of 2026, rising at an annual compound rate of xx% between 2021and 2026.
Sun Care product is the first line of defense to prevent the harmful effects of sun rays. Long-term exposure to UVA and UVB rays can cause premature skin aging, tanning, sunburn, skin cancer, etc. To overcome these harmful effects, there are a variety of sunscreen products on the market. These products come in several forms, which consist of a wide range of sun protection factors commonly known as SPF, to protect the skin from harmful rays. Suncare products also have multifunctional whitening properties that prevent wrinkles.
Recent Developments and Trends:
Lakme has launched Lakme Sun Expert Ultra Matte SPF 40 PA +++ Compact, a compact cream that protects against UVA and UVB rays that has an anti-aging effect and has a non-sticky matte finish.
Beiersdorf NIVEA Sun Protect & Moisture moisturizing sunscreen lotion provides hydration and skin protection with an extensive SPF-30.
The Avène Eau Thermale brand has successfully pioneered the market for products aimed at consumers with specific skin needs.
Sun Care Products Market Growth:
Driven by the rapid growth of urbanization speed and the equally prosperous industrialization, the market for sunscreen products will witness remarkable growth in future.
Sun Care Products Market Drivers:
As consumers become more aware of the harmful effects of UV rays and their interest in premature aging, skin cancer and other skin diseases, the demand for sunscreen products is increasing significantly. The global sun care products market is expected to grow significantly, especially in areas with high exposure to UV rays, as the need for exceptional protection against ultraviolet rays and the sun increases. Consumer expectations about the additional benefits of these products are leading manufacturers to produce innovative and versatile sun protection products. Sunscreen products with other advantages and features such as skin nutrition, redness reduction, stain removal, hydration and anti-aging are expected to gain more popularity during the forecast period.
The popularity of organic and natural products for personal care is growing worldwide. The demand for sunscreen products based on raspberry seed oil, wheat germ oil, hazelnut oil and carrot seed oil increases, which will lead the market for sun care products.
Sun Care Products Market Restraints:
The government imposes various regulations on sunscreen products to ensure consumer safety. Cheap and low-quality products can have a negative impact instead of protecting your skin. The government has developed several standards that all manufacturers must meet.
Depending on the type, the global sun care products market includes Sun Protection, After Sun and Self-Tanning. Among the types of sunscreens, sun protection products occupied a large part of 2018. Factors that support the growth of this sector include increased concern for skin protection against sun rays and better cancer alerts of skin. Sunscreen products consist of SPF 6-14, SPF 15-30, SPF 30-50 and SPF 50+.
Depending on the form, the global Sun Care Products Market consists of creams, gels, lotions, powders, liquids, wipes, sprays and colors. In 2018, the cream segment accounted for the majority of sunscreen products. The factors that propel the division include the simplicity of use and the nutritional ingredients of the cream. It is also one of the most common forms of sunscreen products.
By region, the Sun Care Products Market encompasses North America, Europe, Asia Pacific and other countries globally. For the geographic areas, North America sun care products market accounted for the majority in 2019, followed by Europe. Both North America and Europe had the largest market share of sunscreen products in 2019. But the size of the market has reached a saturation point that is expected to stagnate in the forecast period.
On the other hand, the Asia-Pacific sun care products market is expected to become the fastest growing industry in the global business during the projection period due to increased awareness of sunburn damage among consumers.
Top Leading Company:
Hindustan Unilever was at the forefront of sun care management in 2018, taking advantage of the strengths of the Lakme brand, a high-capacity sunscreen solution that has been widely used by consumers over the years.
Key players that drive global sun care products market growth include Groupe Clarins, Burt's Bees, Beiersdorf AG, Johnson & Johnson, Shiseido Co. Ltd., Coty Inc., L'oreal, Estee Lauder, Bioderma Laboratories, Unilever and others.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Sun Care Products Market, By Type
6.1.1 Sun Protection
6.1.2 After Sun
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Sun Care Products Market, By Form
6.2.8 Market Size Estimations & Forecasts (2019-2024)
6.2.9 Y-o-Y Growth Rate Analysis
6.2.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Form
7.3.1 By Country
184.108.40.206 Rest of Europe
7.3.2 By Type
7.3.3 By Form
7.4 Asia Pacific
7.4.1 By Country
220.127.116.11 South Korea
18.104.22.168 South East Asia
22.214.171.124 Australia & NZ
126.96.36.199 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Form
7.5 Latin America
7.5.1 By Country
188.8.131.52 Rest of Latin America
7.5.2 By Type
7.5.3 By Form
7.6 Middle East and Africa
7.6.1 By Country
184.108.40.206 Middle East
7.6.2 By Type
7.6.3 By Form
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Unilever Plc
8.3 L'oreal SA
8.4 Johnson & Johnson
8.5 Groupe Clarins
8.6 Bioderma Laboratories
8.7 Burt's Bees
8.8 Beiersdorf AG
8.9 Shiseido Com. Ltd
8.10 Coty Inc.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures