USD 11.66 billion
Sun Care Products Market Size, Share, Growth Analysis, By Distribution Channels(Hypermarket, Drug Store, Specialty Store, online), By Form(Spray, Lotion, Stick), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2193 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
64
|Figures:
77
Sun Care Products Market Insights
Global Sun Care Products Market size was valued at USD 11.66 billion in 2022 and is poised to grow from USD 12.17 billion in 2023 to USD 17.18 billion by 2031, growing at a CAGR of 4.40% during the forecast period (2024-2031).
Due to rising knowledge of the effects and harm caused by ultraviolet rays on the skin, the market for skincare products for sun protection is one of the skincare markets with the quickest growth. Products for sun protection come in a variety of forms, including gel, lotion, cream, oil, and spray, among others. They contain substances that can absorb, reflect, or scatter UV light. L'Oréal, a cosmetics company, created the first sunscreen in 1936. After that, in 1944, a Florida chemist created Coppertone, a sun protection lotion. The U.S. Food and Drug Administration started to regulate the labelling, testing, and rating of suncare products in the early 1970s, which helped the product gain popularity. As a result, producers of sun care goods utilised labelling to state that the item offered therapeutic benefits to the skin. In the upcoming years, consumers will probably seek out one-stop shops across all cosmetic companies. Therefore, it is likely that the majority of sun care products on the market contain a blend of substances with anti-aging characteristics and potent moisturising agents. For instance, the skincare company La Roche-Posay unveiled Anthelios UV Correct SPF 70 Daily Anti-Aging Face Sunscreen in February 2022. It is made using Cellox-B3 Shield technology to shield the skin from sun damage symptoms. Its formulation is devoid of oxybenzone and octinoxate, blending on all skin tones and promoting collagen synthesis. The demand for sun care products has increased due to the rising global awareness of skin cancer and other skin illnesses, and this demand is anticipated to continue to expand during the forecast period. These products are also becoming more and more well-liked among consumers because of their many different sun protection functions that also prevent wrinkles.
US Sun Care Products Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Lotion
Fastest Growth
Lotion
Growth Rate
4.40% CAGR
Global Sun Care Product Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Sun Care Products Market Segmental Analysis
Global Sun care Products Market is segmented on the basis of product, distribution channels, form and region. By product, the market is segmented into sun protection, after sun, self tan, tanning. By distribution channels, market is segmented into hypermarket, drug store, specialty store, online. By form, the market is segmented into spray, lotion, stick. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Sun care Products Market Analysis by Distribution Channels
The market's largest contributor, the hypermarkets and supermarkets category, is anticipated to expand at a CAGR of 49.40% over the forecast period. The core commercial sector of the city is often where you'll find the supermarkets/hypermarkets, which draw a lot of patrons. Customers choose to buy at these places because there are many different brands available. Supermarkets and hypermarkets sell a selection of skin care products for both men and women. Many of these shops have trained employees working in the cosmetics and beauty sections who can offer customers professional advice and recommendations. Consumers can choose from a wide variety of products due to a surge in cosmetics demand and a decrease in store space.
There will likely be tremendous growth in the specialty retail market. Customers' needs are given top priority at these shops, which specialize on a small range of goods. Most specialized skin care shops keep a wide range of items in stock in order to offer top-notch client service. Specialty shops put a focus on specific categories and give customers first priority. Most market-focused specialized shops retain a wide variety of products to provide high-quality service. Due to their focus on well-known brands and increased accountability for the quality of the whole service, many brands prefer to sell their goods through specialized shops.
Global Sun care Products Market Analysis by Product
The sun protection market category, which accounts for the largest share of the overall market, is anticipated to expand at a CAGR of 57.34% from now until 2022. Sun protection lotions are applied to exposed body areas just before going outside in the sun. The American Academy of Dermatology advises reapplying the cream to the skin every two hours when outside to avoid additional cell damage to the skin. Furthermore, the need for reapplication has significantly increased product consumption, which has supported the segment's improved revenue generation.
A higher CAGR is anticipated for the self-tanning goods market. Consumer awareness of the negative effects of indoor tanning using artificial UV sources, such as sunlamps, tanning beds, and booths, is rising. Because of this, self-tanning sunscreen lotions that give a sunless tan without UV exposure have become much more popular.
Global Sun Care Product Market Size By form 2022(%)
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Sun Care Products Market Regional Insights
The market's largest contributor, North America, is anticipated to expand at a CAGR of 37.20% over the forecast period. Because consumers are becoming more aware of the importance of practicing skin protection, there is a significant demand for sunscreen and SunCare products in North America. In the North American continent, people are affected by skin cancer and skin ageing issues. One in five Americans will be diagnosed with skin cancer by the time they are 70, according to "The Skin Cancer Foundation." White people frequently experience skin ageing and skin cancer. Comparatively speaking, skin cancer cases among Asians or Blacks are lower. Residents of North America now have a greater need for skincare products as a result.
The market for suncare products is anticipated to expand rapidly in Europe over the course of the forecast period as a result of increased consumption of the products during the summer and during vacations. For instance, the British Beauty Council Report 2018 found that the direct contribution of sun care products to the U.K. GDP during that particular year was roughly 220 million pounds. Additionally, data from the World Cancer Research Fund International showed that 15 of the top 19 countries with the highest melanoma incidence rates were European countries. Because of this, several marketing and awareness-building projects are being conducted in Europe to persuade people to adopt sun protection habits that will increase their market.
Global Sun Care Product Market Size By Geography, 2022-2030
- Largest
- Fastest
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Sun Care Products Market Dynamics
Global Sun care Products Market Drivers
Social Media Influence and Exposure to Bolster Demand for Sun Care Products
- Due to rising health and beauty concerns, suncare products are becoming more and more popular with customers, especially adults and millennials. Because of urbanization, shifting consumer lifestyles, and rising per capita income, they are gaining traction in emerging countries. In poor countries, people are prepared to spend on such personal care and cosmetic products. Consumers' growing awareness about skin cancer is one of the key reasons anticipated to drive the market. According to "The Skin Care Foundation," more than 9,500 people in the United States receive a skin cancer diagnosis each day, and more than two people pass away from the disease every hour. Around USD 8.1 is spent a year in the US on treating skin cancer. This has engendered a severe concern about skin cancer among people in North America and other regions as well, which has led to a need for suncare products.
- Skin cancer, sunburn, and aging can all occur when the body's skin is exposed to strong sunlight for a lengthy period of time. Additionally, the growing need for sun protection and anti-aging treatments is being fuelled by skin-related problems brought on by UV exposure. For instance, according to the study "Youth Risk Behaviour Surveillance," in the United States, almost 78.8% of questioned female participants who were white (non-Hispanic) had sunburned themselves the year prior. The demand for the goods will also rise as a result of cancer support group campaigns to raise sun protection awareness.
Global Sun care Products Market Restraints
Harmful Ingredients to Hinder Its Demand
- The environmental impact of many chemicals, including oxybenzone and octinoxate, is becoming clearer. The state of Hawaii has banned the retail sale of sunscreen items with these ingredients without a valid prescription. The U.S. FDA has also placed a number of limits on the usage of chemicals in sun protection products, which could make it challenging for producers to achieve a balance between competitive pricing and novel formulation. As a result, it is projected that rigorous product formulation rules will limit the market's growth for sun care goods.
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Sun Care Products Market Competitive Landscape
A few well-established firms and medium-sized players dominate the market for sun care goods. The introduction of new products is one of the industry's top strategic goals.
Top Player’s Company Profiles In Global Sun Care Products Market
- L'Oréal (France)
- Beiersdorf AG (Germany)
- Johnson & Johnson (United States)
- Estée Lauder Companies Inc. (United States)
- Shiseido Co., Ltd. (Japan)
- Procter & Gamble Co. (United States)
- Unilever PLC (United Kingdom/Netherlands)
- Colgate-Palmolive Company (United States)
- Coty Inc. (United States)
- Avon Products, Inc. (United Kingdom)
- Mary Kay Inc. (United States)
- Amway Corporation (United States)
- Natura & Co Holding S.A. (Brazil)
- Clarins Group (France)
- Revlon, Inc. (United States)
- Kao Corporation (Japan)
- Chanel S.A. (France)
- Estée Lauder (United States)
- Bioderma (France)
- La Roche-Posay (France)
- Neutrogena Corporation (United States)
- Hawaiian Tropic (United States)
Global Sun care Products Market Recent Developments
- In November 2022, to reveal the complete traceability of the components in its new products and the manufacturing process, Clarins established a blockchain-based platform.
- In July 2022, Nykaa as well as Estee Lauder teamed up and introduced Beauty & You India to pSun care Products the next wave of beauty brands in India.
- In May 2022, L'Oréal, a cosmetics firm, unveiled new UV filtering technology, touting it as the biggest development in sun care in the previous 30 years. UVMune 400 is designed to shield the skin against ultra-long UVA radiation, which makes up 30% of sunlight that was previously unprotected. La Roche-Posay Anthelios, a division of L'Oréal, was the first business brand to include the technology into its product line.
Sun Care Products Key Market Trends
- Suncare product manufacturers are investing in research and development to introduce innovative formulations with improved sun protection factors (SPF), water resistance, and longer-lasting effects. Companies are also focusing on developing broad-spectrum sunscreens that protect against both UVA and UVB rays.
Sun Care Products 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.
According to our analyses, the suncare product market has been expanding steadily, driven by increasing consumer awareness about the importance of sun protection and the rising incidence of skin cancer. The market size has witnessed substantial growth and is expected to continue growing in the coming years. The primary drivers of the suncare product market include growing concerns about skin health and the rising incidence of skin cancer. Increasing awareness of the harmful effects of UV radiation and the importance of sun protection has fuelled the demand for suncare products globally. Additionally, factors such as changing consumer preferences, product innovation, and the rise of e-commerce have contributed to market growth. As consumers become more conscious of the need for sun protection, the market is likely to witness further growth and development in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 11.66 billion |
| Market size value in 2031 | USD 17.18 billion |
| Growth Rate | 4.40% |
| 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 Products 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 Products 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 Products 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 Products 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 Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sun Care Products 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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