The global sun care products market is estimated to expand at a substantial CAGR during the projected period, between 2021 and 2028. Sun care products are applied to the skin in order to protect it from harmful ultraviolet (UVB and UVA) radiation. They protect against the harmful consequences of chronic sun exposure such as premature tanning, aging, sunburn, fine lines, wrinkles, and pigmentation. These products are formulated with chemicals such as avobenzone and benzophenone, which form a barrier and protect the skin from UV rays. The effectiveness of a sun care product is determined by its Sun Protection Factor (SPF), a scientific metric that correlates to how long the user can spend in the sun without suffering major skin damage.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing importance of personal healthcare and rising knowledge of skin care are key factors driving the market expansion.
- Rising production of various personal care products and growing share of the older population interested in using skin care products are propelling the market growth.
- Increasing popularity of outdoor activities, changing lifestyles, and rising purchasing power of a large number of the global population are driving to increase product demand.
- Seasonal product requirements, absence of efficient supply chain management, and strict government regulations prohibition on toxic ingredients are major challenges hampering the market growth.
- Introduction of innovative solutions such as the accessibility of formulations with SPF+ moisturizer in the products are key factors offering lucrative opportunities for market expansion.
Scope of the report:
The report on the global sun care products market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Sun Care Products Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018 & 2019
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Forecast Period
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2021–2028
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Segmentation
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Product Types (After-sun Products, Self-tanning Products, and Sun Protection Products), Forms (Cream, Lotion, Gel, Spray, Wipes, and Others), SPFs (0-29, 30-50, and >50), Distribution Channels (Supermarkets & Hypermarkets, Pharmacies & Drug Stores, Specialty Retailers, Online Stores, and Others)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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Edgewell Personal Care; Unilever; Johnson & Johnson; Procter & Gamble Co.; Beiersdorf AG; Natura & Co.; Shiseido Company, Limited; The Estee Lauder Co.; L’Oreal S.A.; and Kao Corp.
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Sun Care Products Market Segment Insights:
Sun protection products segment is projected to hold significant market share
Based on products types, the sun care products market is segmented into after-sun products, self-tanning products, and sun protection products. The sun protection products segment is projected to hold significant market share owing to increasing occurrence of sunburns and dry skin due to excessive outdoor activities. The common prevalence of non-melanoma and melanoma skin cancers induced by UV radiation exposure is the primary driver driving the segment. The self-tanning segment, however, is expected to register a substantial growth rate in the coming years. Consumers are becoming more aware of the detrimental effects of indoor tanning through the use of a synthetic source of UV exposure including a sunlamp, sunbed, and tanning salon. This factor has significantly increased the use of tanning sunscreen lotions, which deliver dark tanned skin without the requirement for UV exposure.
Lotion segment is anticipated to account for a substantial share
On the basis of forms, the market is segregated into cream, lotion, gel, spray, wipes, and others. The lotion segment is anticipated to account for a substantial share owing to wide use of the product for providing comprehensive skin nourishment while shielding the skin from UV rays. The cream segment, however, is anticipated to expand at a robust pace during the projected timeline due to high application of the cream for the skin protection from sunburn and premature aging such as leathery and wrinkled skin. These products have grown in popularity among adults due to their multi-purpose advantages such as protection against the increased risk of skin discoloration, skin cancer, and irritation.
0-29 segment to register a healthy growth rate during the forecast period
In terms of SPFs, the sun care products market is divided into 0-29, 30-50, and >50. The 0-29 segment is expected to register a healthy growth rate during the forecast period owing to high consumers’ preference for lower SPF products for daily usages to prevent from sun exposure. Due to rising customer demand, several tanning and after-sun products are now available in non-SPF or zero SPF forms. As a result of its broader application range, the 0-29 SPF segment is projected to account for a sizable percentage in the coming years.
Supermarkets & hypermarkets segment to expand at a robust pace in the near future
Based on distribution channels, the market is fragmented into supermarkets & hypermarkets, pharmacies & drug stores, specialty retailers, online stores, and others. The supermarkets & hypermarkets segment is anticipated to expand at a robust pace in the near future as these establishments draw a significant number of customers and are typically located in urban areas. Owing to the availability of many brands, customers choose to purchase things from these outlets. Skin care items for women and men are available at supermarkets and hypermarkets. Many of these establishments have trained employees in the beauty and cosmetics lanes who can provide clients with expert advice and recommendations. Moreover, increasing demand for cosmetics and restricted shelf space have allowed consumers to easily choose from a broad range of availability.
Asia Pacific is expected to dominate the market
In terms of regions, the sun care products market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market in the coming years due to the increasing number of consumers who are awareness of the negative effects of prolonged sunlight exposure on the skin. Furthermore, introducing a variety of products that provide extra advantages such as black spot elimination and anti-aging have driven the product demand even further. The rise of the chemical sector in India and China is predicted to offer uninterrupted raw material availability to cosmetic makers and hence is a significantly positive factor for Asian manufacturers during the projected timeframe.
Segments
Segments Covered in the Report:
By Product Types
- After-sun Products
- Self-tanning Products
- Sun Protection Products
By Forms
- Cream
- Lotion
- Gel
- Spray
- Wipes
- Others
By SPFs
By Distribution Channels
- Supermarkets & Hypermarkets
- Pharmacies & Drug Stores
- Specialty Retailers
- Online Stores
- Others
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
Competitive Landscape
Key players in the global sun care products market are Edgewell Personal Care; Unilever; Johnson & Johnson; Procter & Gamble Co.; Beiersdorf AG; Natura & Co.; Shiseido Company, Limited; The Estee Lauder Co.; L’Oreal S.A.; and Kao Corp. These players have constantly engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.
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