About Sun Care Product
Sun-care products are used to protect the skin from the harmful effects of the sun's UV rays. The sun care products market is a growing industry that includes a wide range of products designed to protect the skin from the harmful effects of the sun's ultraviolet (UV) rays. This market includes various products such as sunscreen lotions, sprays, creams, gels, and oils, among others. These products include sunscreen, sunblock, and other protective measures. The increasing awareness among consumers about skin damage caused by UV rays is the major factor accelerating the market growth. Further, other factors driving the market growth of sun care products are the increasing incidence of skin cancer and the growing demand for organic and natural sun care products.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The sun care products market is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs and preferences of consumers. Thus constantly introducing new products and innovative formulations to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Sun Care Product market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Johnson & Johnson (United States), L'Oreal SA (France), Beiersdorf AG (Germany), Unilever (United Kingdom), Shiseido Company Limited (Japan), Procter & Gamble Company (United States), The Estée Lauder Companies Inc. (United States), Supergoop (United States), VLCC Health Care Ltd (India) and Lotus Herbals Pvt. Ltd (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Coty (United States), Bioderma (France) and Coppertone (New Jersey).
Segmentation Overview
AMA Research has segmented the market of Global Sun Care Product market by Type (Self-tanning Products, After-sun Products and Sun Protection Products), Application (Dry skin, Oily skin, Sensitive skin, Normal skin and Others) and Region.
On the basis of geography, the market of Sun Care Product 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). If we see Market by Type, the sub-segment i.e. Creams will boost the Sun Care Product market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by SPF Level, the sub-segment i.e. SPF 15 will boost the Sun Care Product market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Natural and Organic Products and Growing Trend towards Personalized Sun Care Products
Market Growth Drivers:
Growing Awareness about the Harmful Effects of UV Radiation, Rising Incidence of Skin Cancer and Increasing Disposable Income across the Globe Drive the Market for Sun Care Products
Challenges:
Advanced Medical Beauty Treatments and Easy Availability of Forged Products and Limited access to sun care products in some regions
Restraints:
Side Effects of Chemical-Based Cosmetics, Elongated Time for New Product Launches and High Cost Related to Sun Care Products
Opportunities:
Attractive Promotional and Marketing Strategies and Product Innovation, Growing Demand for Innovative Sun Care Products Offering Unique Benefits and Features and Technological Advancements in Developing New and Innovative Sun Care Products
Market Leaders and their expansionary development strategies
In September 2022, L’Oréal SA signed an agreement to acquire Skinbetter Science, a physician-dispensed American skincare brand backed by cutting-edge, dermatological science, combining patented efficacious ingredients with luxurious sensorial textures. This strategic move further strengthens the company’s Active Cosmetics Division’s portfolio.
In May 2022, L’Oréal SA introduced the new UVMune 400 ultra-long UVA ray filter technology, claiming it to be the biggest sun care advancement in the past 30 years. It effectively protects the skin against ultra-long UVA rays, which account for 30% of solar rays that had so far been insufficiently filtered.
Annex VI of the EU cosmetic regulation includes the list of approved UV filters for use in cosmetic products. There are currently 31 allowed UV filters, including 4 nano-sized UV filters. In 2006, the European Commission published its recommendation on the efficacy of sunscreen products and the claims made relating to them (2006/647/EC), which set basic rules for labeling, claims, and efficacy of sunscreen products.
Key Target Audience
Manufacturers of Sun Care Product, Suppliers of Sun Care Product, Cosmetic Industry, Regulatory Bodies, Sun Care Products Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.