Market Overview:
Sun Care Products Market was valued at USD 13930 million in 2021 and is expected to reach USD 20260 million by the year 2028, at a CAGR of 5.5%.
The understanding of the damaging effects of sun rays on the skin dates back to ancient times, and the identification of the ultraviolet light spectrum as the main cause of skin damage has been made possible through the description of the electromagnetic spectrum. Throughout history, sunscreens have been utilized with various measures to limit sun exposure. Over the past century, awareness of the risks associated with sun rays has grown, leading to significant advancements in science, technology, and the formulation of sun care products. The use of sunscreens continues to increase as government health agencies aim to address the rising cases of UV-induced melanomas, which have been exacerbated by recreational sunbathing and artificial tanning practices. The sun care industry primarily focuses on retailing sun protection, after-sun exposure, and self-tanning products. These products encompass different segments designed to either reflect or absorb the ultraviolet radiation from the sun.
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Top Key Players in Sun Care Products Market:
- L’Oréal S.A (France)
- Unilever (Netherlands/UK)
- DSM (Netherlands)
- Avon Products Inc. (US)
- Coty Inc. (US)
- Beiersdorf AG (Germany)
- Blistex Inc. (US)
- Clarins Group (France)
- Edgewell Personal Care Company (US)
- Shiseido Company Ltd (Japan)
- Johnson & Johnson (US)
- The Estée Lauder Companies Inc. (US)
- Neutrogena Corporation (US)
- Walgreens Boots Alliance (US/Switzerland)
- Kao Corp (Japan)
- Symrise AG (Germany)
- Procter & Gamble Co. (US)
- Natura & CO. (Brazil)
- Bayer Healthcare (Germany), and Other Major Players
Market Dynamics and Factors:
Consumer awareness of the essentiality of utilizing sun care products is a significant driver in the sun care industry. Over the years, there has been an increased understanding among consumers about the damaging effects of sun exposure on the skin and the importance of protecting it from harmful ultraviolet (UV) radiation. As scientific research and public health campaigns have highlighted the link between sun exposure and skin damage, including sunburns, premature aging, and an increased risk of skin cancer, consumers have become more conscious of the need for sun protection. They recognize the importance of using sunscreen, sunblock, and other sun care products to shield their skin from UV rays. The growing awareness of the risks associated with UV radiation has led to a change in consumer behavior, with individuals seeking out sun care products as a preventive measure. Health-conscious consumers now prioritize sun protection as part of their daily skincare routine, considering it as crucial as other skincare products.
Sizing up the demographics presents a growth opportunity in the sun care industry. By analyzing the demographics of the target market, companies can identify segments with high potential for growth and tailor their products and marketing strategies accordingly. Understanding the demographics allows sun care companies to identify key consumer groups, such as age cohorts, gender, geographical locations, and cultural backgrounds, that are more likely to prioritize sun protection. This knowledge enables them to develop targeted products that cater to the specific needs and preferences of these consumer segments. For example, the aging population represents a significant demographic group that is increasingly concerned about maintaining healthy and youthful-looking skin. Developing sun care products with anti-aging properties and marketing them specifically to this demographic can tap into their demand for effective sun protection while addressing their specific skincare concerns. considering the geographical location and cultural backgrounds of consumers is crucial in developing products suitable for different climates, lifestyles, and cultural norms related to sun exposure.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
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Key Industry Development:
In May 2022, UVMune 400: L’Oréal’s new sun care technology against ultra-long UVA rays. The global beauty giant has given some details about its new UVMune 400 technology, “a big leap in sun protection,” which has been launched in March 2022 through La Roche Posay’s Anthelios line.
In Dec 2022, International personal care major Unilever developed a two-step method offering high SPF and UVA protection via a cleanser and cream that can be offered to consumers in a kit. the two-step application method offered the “synergistic benefit” of high Sun Protection Factor (SPF) and UVA protection factor (UVAPF).
Sun Care Products Market Report Highlight:
- By Product Type, The Sun Protection Segment is the dominant Sun Care Products market based on product type, driven by the increasing consumer awareness of the importance of sun protection and the growing demand for products that offer effective defense against harmful UV radiation.
- By Sun Protection Factor, the 15-29 Segment is expected to dominate the market, based on Sun Protection Factor (SPF) preferences, indicating their strong awareness and prioritization of sun protection at a younger age.
- By Distribution Channel, The Pharmacy Stores Segment is estimated to develop the fastest, benefiting from its wide availability, trusted reputation, and expertise in providing skincare solutions to consumers.
- The North America region is expected to have the highest share of the Sun Care Products market over the projected period Because it is a large market size, strong distribution channels, and a high prevalence of skin-related concerns due to sun exposure.
Central to our report are the company profiles and competitive analysis, providing insights into market players’ overview, market roles, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Global Sun Care Products Market.
Sun Care Products Market Segmentation:
By Product Type
- Sun Protection Product
- After Sun-Products
- Self-Tanning Products
By Sun Protection Factor
- 15-29
- 30-50
- >50
By Distribution Channel
- Hypermarkets/Supermarkets
- Specialty Store
- Convenience Store
- Pharmacy Stores
- Online Sales
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For this report, Introspective Market Research has segmented the Sun Care Products Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
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Scope of the Report:
The latest research on the Sun Care Products market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Sun Care Products industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Sun Care Products market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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