USD 11.59 billion
Sun Care Cosmetics Market Size, Share, Growth Analysis, By Product Type(Cream, lotions, gel, sprays), By Formulation(Organic, inorganic, combination formulations, and others), By Distribution channel(Online, Offline and others), By SPF range(low SPF (less than 15), medium SPF (15 to 30), high SPF (30 to 50), and very high SPF (50+)), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2131 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
121
|Figures:
77
Sun Care Cosmetics Market Insights
Sun Care Cosmetics Market size was valued at USD 11.59 billion in 2022 and is poised to grow from USD 12.10 billion in 2023 to USD 17.08 billion by 2031, growing at a CAGR of 4.4% during the forecast period (2024-2031).
Sun Care Cosmetics is becoming popular since It Offers a wide range of advantages such as protection from UV rays, a broad range of products, growing demand, innovation, global appeal, and diversification.
Sun-care cosmetics provide a wide range of benefits, but one of the most significant advantages is protection from the damaging effects of UV radiation. UV rays are known to cause sunburn, premature aging, and even skin cancer, making it essential to take protective measures when spending time outdoors. Sun care cosmetics, such as sunscreen lotions, sprays, and oils, contain active ingredients that act as a barrier between the skin and the sun's harmful rays. These ingredients can help prevent sunburn, reduce the risk of skin cancer, and slow down the aging process caused by sun damage. By using sun care cosmetics, individuals can enjoy their time outdoors without putting their skin at risk of damage from UV radiation.
The sun care cosmetics market presents a range of opportunities for companies to diversify their product offerings. This is because different individuals have different needs and preferences when it comes to sun care products. For instance, people with sensitive skin require products that are gentle and non-irritating, while those with dry skin may need sunscreens that offer added hydration. Similarly, people of different age groups require sunscreens with different SPF levels, as well as different textures and formats. The market also presents opportunities for companies to introduce products designed for specific activities such as sports and outdoor recreation. For example, waterproof or sweat-resistant sunscreens are ideal for individuals engaging in water sports or outdoor activities that involve a lot of physical exertion. Furthermore, as research into the effects of UV radiation on the skin continues, companies can capitalize on emerging trends and consumer preferences by developing sun care products that offer added benefits such as anti-aging properties, antioxidants, and other skin-enhancing ingredients.
US Sun Care Cosmetics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Lotions.
Fastest Growth
Sprays.
Growth Rate
4.4% CAGR
Global Sun Care Cosmetics Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Sun Care Cosmetics Market Segmental Analysis
Global Sun Care Cosmetics market is segmented on the basis of Product type, formulation, SPF range distribution channel, End-user, and region. By Product type, the market is segmented into Creams, lotions, gels, sprays, and others. By Formulation, the market is segmented into Organic, inorganic, combination formulations, and others. By Distribution channel, the market is segmented into Online, offline and others. By SPF range, the market is segmented into low SPF (less than 15), medium SPF (15 to 30), high SPF (30 to 50), and very high SPF (50+), and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
Sunscreen lotions have conventionally been the dominant product type in the market owing to their simplicity of application, multiple formulations, and high SPF ratings. Meanwhile, spray sunscreens are rapidly emerging as the fastest-growing segment, primarily due to their convenient and effortless use. Compared to other sunscreen types, spray sunscreens are less oily and get absorbed quickly into the skin. Moreover, continuous spray sunscreens are gaining popularity as they offer uniform coverage without the need for manual rubbing, making them suitable for individuals with time constraints or difficulty applying other types of sunscreen.
Global Sun Care Cosmetics Market By Product type 2021 (%)
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Sun Care Cosmetics Market Regional Insights
North America dominates the sun care cosmetics market as of 2021, holding a significant share of the global market due to the rising awareness of the dangers of UV rays and the increasing demand for sun care products that offer adequate sun protection.
Meanwhile, the Asia Pacific region is experiencing the fastest growth in the sun care cosmetics market due to factors such as the large population, increasing disposable incomes, and growing awareness of skin care. Furthermore, the presence of numerous local and international manufacturers and the popularity of K-beauty and J-beauty trends are contributing to the growth of the market in the Asia Pacific region.
Global Sun Care Cosmetics Market By Geography, 2021-2030
- Largest
- Fastest
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Sun Care Cosmetics Market Dynamics
Drivers
Awareness about UV Rays to Hinder Market Growth
- The rise in awareness of the harmful effects of UV rays is prompting consumers to seek out suncare products that provide sufficient protection against the sun's damaging rays.
Restraints
Health Concerns to Hinder Market Growth
- Although sun care products are created to safeguard the skin against the negative effects of the sun's rays, certain individuals may have reservations about the potential health hazards that could be linked to specific active ingredients present in some of these products, like oxybenzone and octanoate.
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Sun Care Cosmetics Market Competitive Landscape
The sun care cosmetics market features a competitive landscape with a mix of established players and new entrants. In order to meet the growing demand for suncare products with better efficacy and enhanced functionality, companies are investing in research and development to create innovative offerings.
To remain competitive, companies are also implementing marketing and branding strategies such as social media campaigns, influencer marketing, and partnerships with beauty experts and dermatologists. Moreover, manufacturers are introducing eco-friendly and sustainable suncare products to cater to the increasing interest in environmental responsible options.Distribution channels are crucial in the sun care cosmetics market, with companies utilizing both online and offline channels to expand their consumer base. Collaborations with leading retail chains and e-commerce platforms have been instrumental in enhancing companies' reach and boosting sales.
Top Player’s Company Profiles
- L'Oreal SA
- Johnson & Johnson
- Beiersdorf AG
- Shiseido Company Limited
- Estée Lauder Companies Inc.
- Coty Inc.
- Unilever PLC
- Clarins Group
- AmorePacific Corporation
- Bioderma Laboratories
- Procter & Gamble Co.
- Avon Products Inc.
- Revlon Inc.
- Kao Corporation
- Mary Kay Inc.
- Lotus Herbals Pvt. Ltd.
- Amway Corporation
- Burt's Bees Inc.
- Avene USA
- Supergoop!
Recent Developments
- In December 2021, An undisclosed sum was paid by an investment management company based in the US to acquire a controlling interest in Supergoop!, a skincare product manufacturer. This acquisition will provide Supergoop! with the resources to introduce new product categories, educate consumers and promote the brand through top-notch marketing. Additionally, the company will be able to broaden its domestic and international presence thanks to this development.
Sun Care Cosmetics Key Market Trends
- Multifunctional suncare products are becoming increasingly popular, as consumers seek sun protection products that offer additional benefits such as moisturization, anti-aging effects, and brightening properties.
Sun Care Cosmetics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Our examination of the worldwide market for Sun Care Cosmetics indicates substantial expansion in the coming years, driven by various factors. These include shielding against UV rays, a wide variety of products, escalating demand, groundbreaking developments, a global consumer base, diversification, and a growing market. As the public becomes more aware of the detrimental effects of UV radiation, there is a growing demand for suncare products. However, some people may have concerns about the safety of specific active ingredients despite the intended purpose of sun care products to protect the skin from sun damage.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 11.59 billion |
| Market size value in 2031 | USD 17.08 billion |
| Growth Rate | 4.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sun Care Cosmetics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sun Care Cosmetics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sun Care Cosmetics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sun Care Cosmetics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sun Care Cosmetics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sun Care Cosmetics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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