Industry Background:
After sun care products help to recover skin from sun damage. After sun care products market is expected to grow exponentially during the forecast period owing to the increasing working women population and improved spending capacity by them. Also, increasing demand for natural and organic cosmetics is generating lucrative opportunities and propelling players to innovate new products according to the ever-changing customer preference. The women cosmetic market is expected to witness augmenting demand for sun and skincare products owing to variable climatic conditions, and skin aging thereby contributing towards revenue growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | L’Oréal International (France), Clarins Group (France), Unilever Plc (United Kingdom), Procter & Gamble (United States), Burt’s Bees (United States), Shiseido Company, Ltd. (Japan), Coty Inc. (United States), Beiersdorf Inc. (United States), Estee Lauder Companies (United States) and Bioderma Laboratories (France) |
This growth is primarily driven by Growing Need for Skin Care Products owing to Changing Climatic Conditions and Rising Popularity among Millennials.
Globally, a noticeable market trend is evident Growing Adoption of After Sun Care Products
Major Vendors, such as L’Oréal International (France), Clarins Group (France), Unilever Plc (United Kingdom), Procter & Gamble (United States), Burt’s Bees (United States), Shiseido Company, Ltd. (Japan), Coty Inc. (United States), Beiersdorf Inc. (United States), Estee Lauder Companies (United States) and Bioderma Laboratories (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the after sun care products market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings.
Key Developments in the Market:
In March 2023, Sun Pharma, a leading pharmaceutical company, acquired Concert Pharmaceuticals, a US-based pharmaceutical company. The Mumbai-based company had previously entered into an agreement in January to acquire Concert in a deal worth USD 576 million. With the completion of this acquisition, Sun Pharma further expands its presence in the pharmaceutical market, reinforcing its commitment to growth and innovation.
In June 2021, Boots UK joined forces with ITV to establish a noteworthy collaboration as the inaugural official 'Feel Good' partner and exclusive beauty partner for this season's Love Island. This exciting partnership entails Boots UK supplying the Love Island villa with an array of beauty, skincare, sun cream, and male grooming products. As the islanders embark on their quest for love, they will have access to a range of high-quality products from Boots UK, enhancing their confidence and self-care routines throughout the summer.
Influencing Trend:
Growing Adoption of After Sun Care Products and Increasing Online Sales of Cosmetic Products
Market Growth Drivers:
Growing Need for Skin Care Products owing to Changing Climatic Conditions and Rising Popularity among Millennials
Challenges:
Advanced Medical Beauty Treatments and Easy Availability of Forged Products
Restraints:
Side Effects of Chemical Based Cosmetics and Elongated Time for New Product Launches
Opportunities:
Attractive Promotional and Marketing Strategies and Product Innovation According to Customer Preferences
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in After Sun Care Products Market
- Analysis about New Entrants in After Sun Care Products Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, After Sun Care Products Study Sheds Light on
The After Sun Care Products Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the After Sun Care Products industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where After Sun Care Products industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.