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 global sun care products market share. 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. Sun care products are widely used by individuals to protect the skin from harmful ultraviolet (UV) rays. They aid in preventing the skin from sunburn, premature aging, actinic keratosis and leathery skin. These products are generally formulated with avobenzone, zinc oxide and benzophenone that build a barrier and shield the skin from UV radiation. Additionally, the efficacy of these products depends upon their sun protection factor (SPF), which usually indicates the level of protection from UV rays. They are gaining popularity among the masses due to their easy availability in diversified range across the online and offline organized retail channels.
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:
The global market is primarily driven by the increasing prevalence of skin cancer. In line with this, the rising awareness regarding the harmful effects of sun rays on the skin is providing a boost to the sales of sun care products. Moreover, the increasing preference for maintaining an aesthetic appearance, along with the inflating disposable income levels of the masses, is creating a positive outlook for the market. The market is further driven by rising investments by leading players in product innovations, such as the introduction of sun care products infused with the combination of compounds exhibiting intensive moisturizing solutions and anti-aging properties. Also, the advent of innovative product variants in diversified fragrances and matte or dewy finish is positively influencing the market growth. Additionally, the development of robust marketing strategies, promotional campaigns and celebrity endorsements by vendors is also acting as a major growth-inducing factor.
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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.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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