Sun Care Products Market Size
The global Sun Care Products market size was valued at $13.03 billion in 2023 and is projected to reach $18.27 billion by 2029, growing at a CAGR of 5.8% during the forecast period.
Sun Care Products Market Dynamics
• The sun care products market is expected to witness significant growth in the future due to increasing popularity among Millennials, a surge in need for skin care products owing to changing climatic conditions, and growing online sales of cosmetic products.
• Additionally, increased demand for organic and natural personal care products, as well as increasing efforts by key players to produce products that meet the needs of end users, are prominent drivers driving the rise of the sun care products market demand.
• However, side effects of chemical-based cosmetics and elongated time for new product launches are restraining the market growth.
• On the contrary, attractive promotional and marketing strategies and product innovation according to customer preferences are creating opportunities for market growth.
Sun Care Products Market Overview
Sun protection products are applied to the skin to shield it from harmful ultraviolet (UVA and UVB) rays. They protect against early indications of ageing, tanning, sunburn, wrinkles, fine lines, and pigmentation caused by continuous sun exposure. These lotions are made with ingredients like benzophenone and avobenzone, which act as a barrier to protect the skin from UV rays. The effectiveness of a sun care product is determined by its Sun Protection Factor (SPF), which is a scientific measure of how long a user may spend in the sun without suffering major skin damage.
By Distribution Channel, Hypermarket & Supermarket segment is projected to be the largest Segment in the Sun Care Products Market
Hypermarket & supermarket segment is expected to have a huge demand in the forecast period because of the discounts and availability; people choose to acquire all of their products from a single location. In the cosmetics and beauty aisles, many of these businesses feature trained professionals who can provide clients with expert advice and recommendations. As a result of increased demand for cosmetics and shrinking shelf space, consumers can choose from a wide choice of options.
By Geography, Europe Projected to Strong Presence in the Global Market
Europe holds significant market share due to consumers are becoming more aware of the negative consequences of prolonged sun exposure on the skin. Additionally, an increasing number of products that provide additional benefits such as dark spot reduction and anti-aging have driven product demand.
Some of the key players profiled in the Report Include:
• ITC Limited
• Beiersdorf AG
• Johnson & Johnson
• L'Oreal SA
• Lotus Herbals Pvt. Ltd
• Procter & Gamble
• S. C. Johnson & Son Inc.
• Shiseido Company Limited
• The Estée Lauder Companies Inc.
• Unilever
• VLCC Health Care Ltd
• Burt's Bees
• Coty Inc.
• Bioderma Laboratories
• Groupe Clarins
What Can be Explored with this Research Report:
• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Product
• Sun Protection
• After Sun
• Tanning
Market by, Form
• Cream & Lotion
• Gel
• Powder
• Wipes
• Spray
• Other Forms
Market by, Distribution Channel
• Hypermarket & Supermarket
• Pharmacy & Drug Store
• Specialty Store
• Convenient Stores
• Online
• Other Distribution Channels
Market by, Geography
The Sun Care Products Market report also analyzes the major geographic regions and countries for the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.
Table Of Content
1 Market Overview
1.1 Introduction
1.2 Research Objectives
1.3 Market Segmentation
1.4 Stakeholders
1.5 List of Acronyms
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Evaluation of Market Dynamics
3.3 Collaboration of Data
3.4 Verification and Analysis
3.5 Data Sources
3.6 Assumptions
4 Market Dynamics
4.1 Market Drivers
4.1.1 Increasing Popularity among Millennials
4.1.2 Surge in Need for Skin Care Products owing to Changing Climatic Conditions
4.1.3 Growing Online Sales of Cosmetic Products
4.2 Market Restraints
4.2.1 Side Effects of Chemical Based Cosmetics
4.2.2 Elongated Time for New Product Launches
4.3 Market Opportunities
4.3.1 Attractive Promotional and Marketing Strategies and Product Innovation According to Customer Preferences
4.4 Market Challenges
4.4.1 Advanced Medical Beauty Treatments and Easy Availability of Forged Products
4.5 Impact of COVID-19 on Sun Care Products Market
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Sun Care Products Market by, Product
6.1 Overview
6.2 Sun Protection
6.3 After Sun
6.4 Tanning
7 Global Sun Care Products Market by, Form
7.1 Overview
7.2 Cream & Lotion
7.3 Gel
7.4 Powder
7.5 Wipes
7.6 Spray
7.7 Other Forms
8 Global Sun Care Products Market by, Distribution Channel
8.1 Overview
8.2 Hypermarket & Supermarket
8.3 Pharmacy & Drug Store
8.4 Specialty Store
8.5 Convenient Stores
8.6 Online
8.7 Other Distribution Channels
9 Global Sun Care Products Market by, Geography
9.1 Overview
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Australia
9.4.6 New Zealand
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 Qatar
9.6.4 Iran
9.6.5 South Africa
9.6.6 Rest of Middle East & Africa
10 Key Developments
11 Company Profiling
11.1 ITC Limited
11.1.1 Business Overview
11.1.2 Product/Service Offering
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Activities
11.2 Beiersdorf AG
11.3 Johnson & Johnson
11.4 L'Oreal SA
11.5 Lotus Herbals Pvt. Ltd
11.6 Procter & Gamble
11.7 S. C. Johnson & Son Inc.
11.8 Shiseido Company Limited
11.9 The Estée Lauder Companies Inc.
11.10 Unilever
11.11 VLCC Health Care Ltd
11.12 Burt's Bees
11.13 Coty Inc.
11.14 Bioderma Laboratories
11.15 Groupe Clarins
Report Details
SKU Code | : DI2084 |
Industry | : Consumer Goods and Services |
Region | : Global |
Tables | : 108 |
Format | : Electronic PDF |
Published | : 2023 |
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