Global Sun Care Product Market Overview:
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 | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
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
Competitive Landscape:
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Coty (United States), Bioderma (France) and Coppertone (New Jersey). Analyst at AMA Research see Global Vendors to retain maximum share of Global Sun Care Product market by 2030. Considering Market by Type, the sub-segment i.e. Creams will boost the Sun Care Product market. Considering Market by SPF Level, the sub-segment i.e. SPF 15 will boost the Sun Care Product market.
Latest Market Insights:
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.
What Can be Explored with the Sun Care Product Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Sun Care Product Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Sun Care Product
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sun Care Product market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sun Care Product market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes 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.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.