The global Sun Care Products market size is expected to be worth around US$ 20.7 billion by 2030, according to a new report by Vision Research Reports.
The global Sun Care Products market size was valued at US$ 11.7 billion in 2020 and is anticipated to grow at a CAGR of 5.0% during forecast period 2021 to 2030.
|Market Size||US$ 20.7 Billion by 2030|
|Growth Rate||CAGR of 5.0% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Distribution Channel|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Beiersdorf AG; Groupe Clarins; Johnson & Johnson; Coty Inc.; Shiseido Co. Ltd.; L'oreal; The Estee Lauder Companies Inc.; Burt's Bees; Bioderma Laboratories; Unilever|
The rising concern about skin protection against detrimental rays of the sun and improved alertness regarding skin cancer are the major factors driving the growth of the market. The COVID-19 pandemic has declined the sales for sun care products, due to consumers shifting to the work from home model. Owing to this factor, consumers around the world limited their travel in 2020 for leisure, recreational activities, and sports events, this, in turn, reduced the consumption by the consumers.
Sun care products are gaining popularity among consumers owing to the rising awareness of the effects of UV rays on the human skin. Moreover, consumers’ concerns about the signs of skin aging due to increased sun exposure are expected to drive the market.
By Product Analysis
The adult cream segment dominated the market for sun care products and held the largest revenue share of more than 69.4% in 2020. The segment is expected to maintain its dominance over the forecast period. Adult cream is used to protect the skin from sunburn and premature aging such as wrinkles, leathery skin.
The demand for natural and organic elements is increasing, that expected to fuel the adoption of after-sun care products among adults. Physical products with mineral-based components such as titanium dioxide and zinc oxide are popular among adults.
The proliferation of natural-looking products, the rise in the number of service providers, and widespread acceptance of the concept of sun care are driving the demand. Consumers prefer sunless tanning as it aids in achieving a healthier appearance throughout the year.
By Distribution Channel Analysis
The hypermarket and supermarket segment dominated the market and held the largest revenue share of 49.5% in 2020. The segment is expected to maintain its dominance over the forecast period.
Hypermarkets and supermarkets sell a variety of skin care products for men and women. Many of these stores have trained personnel in the cosmetics and beauty aisles to give clients expert help and recommendations.
the specialty store segment is projected to register the fastest CAGR of 5.8% from 2021 to 2030. These stores specialize in a narrow range of offering and place a premium on customer pleasure.
Specialty stores focus on specific categories and primarily focus on high customer satisfaction. Most specialty stores dealing in the market maintain a considerable depth in terms of the offering to ensure quality service.
By Regional Analysis
Europe dominated the sun care products market and accounted for the largest revenue share of 35.1% in 2020. Rising awareness among consumers regarding the harmful effects of prolonged sun exposure on the skin has helped boost product demand across the region.
Asia Pacific is the fastest-growing market for sun care products and is expected to witness the highest CAGR from 2021 to 2030. The major factor driving the Asia Pacific market growth is the expansion of the chemical industry in India and China,
Johnson & Johnson
Shiseido Co. Ltd.
The Estee Lauder Companies Inc.
Adult Sun Cream
Baby Sun Cream
Fake Tan/Self Tan
By Distribution Channel
Hypermarket & supermarket
Pharmacy & drug store
Central & South America
Middle East & Africa
The Sun Care Products market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Sun Care Products market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Sun Care Products market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Sun Care Products market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Sun Care Products market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Sun Care Products capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Sun Care Products by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Sun Care Products market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Sun Care Products market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Sun Care Products market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Sun Care Products industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Sun Care Products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Sun Care Products market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Sun Care Products market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Sun Care Products market. These factors have benefited the growth of the global market for Sun Care Products. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Sun Care Products. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Sun Care Products are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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