Self-tanning Products Market Scope
The global self-tanning products market is expected to grow in the future due to the rising concerns about skin diseases and other health risks associated with sun exposure. High awareness about UV protection and organic products expected to drive the demand for self-tanning products. Further, increasing demand from the developing economies and growing popularity among the working women population expected to drive the demand for self-tanning products market over the forecasted period.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Self-tanning Products market throughout the predicted period.
Avon Products, Inc. (United Kingdom), Beiersdorf AG (Germany), Unilever PLC (United Kingdom), Christian Dior SE (France), St. Tropez Inc. (United States), Kao Corporation (Japan), L’Oréal (France), Shiseido Company (Japan) and Coola LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Banana Boat (United States) and Tantowel Inc. (United States).
Segmentation Overview
The study have segmented the market of Global Self-tanning Products market by Type (Face Tanner and Body Tanner) and Region with country level break-up.
On the basis of geography, the market of Self-tanning Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Demand for UV-free Tan Products
Market Growth Drivers:
Rising concerns about Skin Diseases and other Health Risks associated with Sun Exposure and Increasing Consumer Awareness regarding the Benefits of Using Organic Products
Challenges:
Lack of Awareness in the Developing Economies and Increasing Number of Local Players in the Market
Restraints:
Stringent Government Regulations for Cosmetic Products and Side Effects Associated With Toxicity Chemicals Presence in Sun Care Products
Opportunities:
Increasing Focus of Millennials on Skin Care and Rising Demand from the Developing Economies
Market Leaders and their Expansionary Development Strategies
In Sept 2018, Unilever announced today that, further to the announcement made on 25 June 2018, it has completed the acquisition of a 75% stake in Equilibra, the Italian personal care, and wellbeing brand.
In Feb 2019, Tournesol™ will debut its new line of sunless tanning products this spring at major retailers, Evine Live and Amazon. The new line consists of three new products formulated with Algo Tan, a marine-based complex that is clinically proven to mimic a natural tan from the sun without the harmful effects. Along with natural DHA, these two combined provide the most beautiful, believable, natural looking sunless tan., and In January 2018, Sienna X launched three new self-tanning products that were previously available only at salons.
“The U.S. Food and Drug Administration issued a proposed rule that would update regulatory requirements for most sunscreen products in the United States. This significant action is aimed at bringing nonprescription, over-the-counter (OTC) sunscreens that are marketed without FDA-approved applications up to date with the latest science to better ensure consumers have access to safe and effective preventative sun care options. Among its provisions, the proposal addresses sunscreen active ingredient safety, dosage forms, and sun protection factor (SPF) and broad-spectrum requirements. It also proposes updates to how products are labeled to make it easier for consumers to identify key product information.”
Key Target Audience
Self-tanning Products Manufacturers, Self-tanning Products Distributors, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.