Sun Protection Products Market Scope
Sun care products are used to protect the skin from harmful ultraviolet rays. Increasing prevalence of skin cancer driving the demand for sun care products. Sun care market has high growth prospects owing to the increasing demand for outdoor recreational activities. Further, increasing demand from the developing economies and growing popularity among working women population expected to drive the demand for sun care products market over the forecasted period.
According to AMA, the Global Sun Protection Products market is expected to see growth rate of 6.38%
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 Sun Protection Products market throughout the predicted period.
Avon Products, Inc. (United Kingdom), Bayer Healthcare (Germany), Beiersdorf AG (Germany), Blistex, Inc. (United States), Lakme Cosmetics (India), Clarins Group (France), Shiseido Company (Japan), L’Oréal (France), Revlon Inc. (United States) and Johnson & Johnson (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 Amway (United States), Coty, Inc. (United States) and Estée Lauder Companies (United States).
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 total available market.
Segmentation Overview
The study have segmented the market of Global Sun Protection Products market by Type (Self-Tanning Products and After-Sun Products) and Region with country level break-up.
On the basis of geography, the market of Sun Protection 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).
“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.”
Market Trend
- Emphasizing On Development of High SPF Sun Care Products
- Focus On Price Reduction through Product Development
Market Drivers
- Rising Prevalence of Melanoma and Non-Melanoma Skin Cancers
- Increasing In Participation in Outdoor Recreational Activities
Opportunities
- Increasing Focus of Millennials on Skin Care
- Rising Demand from the Developing Economies
Restraints
- Stringent Government Regulations for Cosmetic Products
- Side Effects Associated With Toxicity Chemicals Presence in Sun Care Products
Challenges
- Lack of Awareness in the Developing Economies
- Increasing Number of Local Players in the Market
Key Target Audience
Sun Protection Products Manufacturers, Sun Protection Products Distributors, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others