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Global Sun Care Market Size By Product Type, By Distribution Channel, By End-User, By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Sun Care Market Size By Product Type, By Distribution Channel, By End-User, By Geographic Scope And Forecast

Sun Care Market Size And Forecast

Sun Care Market size was valued at USD 14.60 Billion in 2023 and is projected to reach USD 19.87 Billion by 2030, growing at a CAGR of 14.59% during the forecast period 2024-2030.

Global Sun Care Market Drivers

The following factors influence the sun care market

  • Growing Knowledge of Skin Health As individuals become more conscious of the damaging effects of UV rays on skin, they also understand how important it is to protect themselves from the sun, which is fueling the market for sun care products.
  • Growing Incidence of Skin Cancer As a result of the increased emphasis on sun protection brought about by the rising incidence of skin cancer brought on by prolonged sun exposure, the market for sun care products has expanded.
  • Changing Lifestyles and Outdoor Activities The risk of solar damage has increased due to the trend of outdoor activities and an active lifestyle. In order to preserve their skin while participating in outdoor activities and leisure, consumers are looking for efficient sun care solutions.
  • Product Formulation Innovations The market is growing as a result of ongoing developments in sun care product formulations, such as the creation of products with a higher SPF, broad-spectrum protection, and the addition of natural components.
  • Concerns about Beauty and Anti-Aging Sun protection is frequently linked to advantages against aging. The need for sun care solutions that provide skincare benefits in addition to protection has been driven by the desire for youthful, healthy-looking skin.
  • Climate Change and Global Warming The necessity for adequate sun protection has increased due to concerns about climate change and the ozone layer’s loss, which has further fueled the sun care industry.
  • Growth in Disposable Income As consumers’ disposable income rises, they become more inclined to spend on high-end sun care products, which propels market expansion.
  • Social Media Influence A larger emphasis on skincare, particularly sun protection, is a result of social media’s influence and beauty standards. The sun care market is expanding as a result of trends that influencers and beauty bloggers are pushing.
  • Regulatory Focus on Sunscreen Safety As standards and regulations around sunscreen safety and effectiveness have grown, producers have been compelled to provide high-caliber goods, fostering customer confidence and propelling market expansion.

Global Sun Care Market Restraints

Undoubtedly, any market faces certain difficulties. The following are a few market limitations for sun care products

  • Demand for Sun Care Products Is Generally Seasonal Sales of sun care products peak in the summer. For manufacturers, this can make it difficult to sustain steady sales throughout the year.
  • Perception of Sunscreen as a Commodity In certain cases, consumers may purchase products based more on price than on particular characteristics or benefits, and sunscreen is one of those products. Manufacturers may under pressure to lower prices and cut their profit margins as a result.
  • Concerns Regarding Chemical Ingredients As a result of customer concerns regarding the use of specific chemicals in sun care products, demand for natural and organic substitutes is rising. For producers, satisfying these desires might be difficult.
  • Regulatory Compliance and Testing Strict rules pertaining to the safety and effectiveness of products apply to the sun care sector. For producers, complying with these regulatory standards can be expensive and time-consuming.
  • Limited Shelf Life The effectiveness of sunscreen and sun care products can wane over time and they frequently have a limited shelf life. Businesses may find it difficult to manage inventory and reduce product waste from expiration.
  • Global Economic Uncertainty Changes in the economy can have an effect on the purchasing patterns of consumers. Consumer discretionary spending on non-essential items, such as sun care products, may decline during economic downturns.
  • Competitive Market Landscape There are many brands offering a wide range of products in the fiercely competitive sun care market. It might be difficult to stand out in the market and set your products apart from those of rivals.
  • Opposition to Sunscreen Application Some customers may be reluctant to apply sunscreen on a regular basis for a variety of reasons, including a distaste for the texture and smell of specific products, a sense of inconvenience, or greasiness.
  • Limited Awareness in Some Locations The need for sun protection may not be well understood in some locations, which could impede market expansion. To get around this restriction, campaigns for awareness and education could be required.

Global Sun Care Market Segmentation Analysis

The Global Sun Care Market is Segmented on the basis of Product Type, Distribution Channel, End-User, and Geography.

Sun Care Market, By Product Type

  • Sunscreen Lotions These are traditional sunscreens available in lotion form, offering varying levels of SPF.
  • Sunscreen Sprays Convenient spray formulations of sunscreen for easy application.
  • Sunscreen Creams Moisturizing formulations with sun protection benefits.
  • Sunscreen Gels Lightweight and often water-resistant formulations.

Sun Care Market, By Distribution Channel

  • Mass Merchandisers and Drugstores Sun care products are available in retail chains and drugstores.
  • Specialty Stores Products sold in stores specializing in beauty and skincare.
  • Online Retail Increasingly popular for purchasing sun care products.
  • Pharmacies and Healthcare Centers Products recommended by healthcare professionals.

Sun Care Market, By End-User

  • Adults Sun care products are designed for the general adult population.
  • Children Specifically formulated sunscreens for the delicate skin of children.
  • Sports Enthusiasts Sun protection products cater to individuals engaging in outdoor sports and activities.

Sun Care Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • Europe Analysis of the Sun Care Market Market in European countries.
  • Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa Examining market dynamics in the Middle East and African regions.
  • Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Sun Care Market are

  • L’Oréal S.A.
  • Shiseido Co., Ltd.
  • Beiersdorf AG
  • Johnson & Johnson Services Inc.
  • Edgewell Personal Care Company
  • Procter & Gamble Company
  • Coty Inc.
  • Groupe Clarins
  • BullFrog
  • La Roche-Posay

Report Scope

Report AttributesDetails
Study Period

2020-2030

Base Year

2023

Forecast Period

2024-2030

Historical Period

2020-2022

Unit

Value (USD Billion)

Key Companies Profiled

L’Oréal S.A., Shiseido Co., Ltd., Beiersdorf AG, Johnson & Johnson Services Inc., Edgewel, Personal Care Company, Procter & Gamble Company, Coty Inc., Groupe Clarins, BullFrog, La Roche-Posay

Segments Covered

By Product Type, By Distribution Channel, By End-User, and By Geography.

Customization scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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