The latest report published by IMARC Group, titled “Sun Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global sun care products brands. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global sun care products market reached a value of US$ 11.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.6 Billion by 2027, exhibiting at a CAGR of 7.3% during 2022-2027. Suncare products refer to ointments, gels and lotions that are applied to the skin to protect it from the harmful ultraviolet (UV) rays of the sun. The UV light can be bifurcated into UVA and UVB rays, which enter the skin upon prolonged exposure and damage the skin cells. These rays can increase the incidences of dermatological conditions such as freckles, moles, wrinkles, as well as the risk of chronic diseases like skin cancer. The active ingredient in sun care products works by reflecting, absorbing, or scattering all or some of the sun’s rays, thereby reducing the chances of developing these conditions. These products are currently available in different forms, including lip balms, gels, hair tonics and creams. Some countries, like the US, regulate the sales and labeling of sunscreen products as they are considered a part of the pharmaceutical industry.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Sun Care Products Market Trends:
In recent years, individuals across the globe have become aware of the harmful effects of sun exposure, owing to which, there has been a notable increase in the demand for effective sun protection products. Besides, the rising cases of skin cancer have prompted various governing bodies to make changes in the current regulatory framework for manufacturers. For example, in 2019, the US Food and Drug Administrator (USFDA) proposed a rule to update nonprescription, over-the-counter (OTC) sunscreens with the latest scientific research to make sure that consumers have access to efficient products. The goal of the proposal is to officially designate sunscreens as Generally Recognized as Safe and Effective (GRASE) with two sun-blocking ingredients – titanium dioxide and zinc oxide. Major players in the market are also focusing on introducing innovative products to attract a larger consumer base. For instance, the France-based personal care company, L’Oréal, recently launched “UV Sense,” the world’s first wearable, battery-free, electronic UV sensor, at the 2018 Consumer Electronics Show (CES). After getting attached to the user’s thumbnail, the device sends information about the UV exposure of the user to an app using the wireless technology, Near Field Communication (NFC).
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Global Sun Care Products Market 2022-2027 Analysis and Segmentation:
Competitive Landscape With Key Players:
- Johnson & Johnson Services, Inc.
- L’Oréal S.A., Revlon, Inc.
- Unilever PLC, Shiseido Company, Limited
- Estee Lauder Companies, Inc.
- Beiersdorf AG, Avon Products, Inc.
- Clarins Group, Procter & Gamble Company, Coty, Inc.
- Lotus Herbals Pvt. Ltd., Amway Corp.
- Edgewell Personal Care LLC.
Market Breakup by Product Type:
- Sun Protection Products
- After-Sun Products
- Self-Tanning Products
Market Breakup by Product Form:
Market Breakup by Gender:
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Retailers
- Pharmacies and Drug Stores
- Online Stores
Market Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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