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

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.