What is the global market size of Sun Care Cosmetics Market?

Sun Care Cosmetics Market size was valued at USD 11.1 billion in 2021 and is poised to grow from USD 11.59 billion in 2022 to USD 15.6 billion by 2030, growing at a CAGR of 4.4% in the forecast period (2023-2030).

Which region accounted for the largest share in Global Sun Care Cosmetics Market?

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.

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 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.

Sun Care Cosmetics Market Report Snapshots

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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).

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. '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!'

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.

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.

North America dominates the sun care cosmetics market as of 2021, holding a significant share of the 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.

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Sun Care Cosmetics Market Dynamics

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