Sun Care Products Market Report

Market Overview:

The global sun care products market size reached US$ 12.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028. The increasing awareness regarding the adverse effects of UV rays on skin health, shifting consumer preference toward beauty and grooming, and rising incidences of skin cancer across the globe represent some of the key factors driving the market. 

Sun care products refer to the cosmetic or pharmaceutical products that are formulated to shield the skin from the harmful impact of the ultraviolet (UV) radiation. These products comprise active ingredients that contain organic and inorganic filters, antioxidants, and other elements that aid in soothing and nourishing the skin. They function by either absorbing or reflecting the UV radiation, or a combination of both. The sun protection factor (SPF) value measures the effectiveness of a sun care product against UVB radiation, with those products rated broad-spectrum SPF 30 or higher, assisting in the reduction of skin cancer and other sun damage, when applied correctly. A wide range of sun care products is available for all skin types, such as sunscreen, sprays, gels, sticks, and after-sun products including moisturizers and cooling gels. To reduce the risk of sunburn, skin irritation, and other sun damage, sun care products should be applied generously and regularly to exposed skin areas, which also improves the overall appearance and texture of the skin. 

Sun Care Products Market Trends: 

The market is primarily driven by the increasing awareness regarding the adverse effects of UV rays on skin health among the masses. This can be attributed to the shifting consumer preference toward beauty and grooming. In line with this, the rising incidences of skin cancer across the globe is providing an impetus to the market growth. Moreover, the emerging trend of natural and organic products that are free from harmful chemicals is natural and organic sun care products is resulting in a higher product uptake among individuals. In addition to this, the rising popularity of outdoor activities such as hiking, camping, and swimming, resulting in higher exposure to UV rays is augmenting the demand for sun care products. The market is further driven by continual product innovations, with better ingredients, higher SPF and more convenience to cater to the demand of consumers for superior protection and ease of use. Apart from this, the growing geriatric population that is more susceptible to numerous ailments such as skin cancer, sunburns, skin irritation and allergies, is impacting the market positively. Furthermore, the considerable rise in travel and tourism, particularly in tropical regions is further creating a positive outlook for the market. Some of the other factors contributing to the market include rapid urbanization, inflating disposable income levels of the consumers, product premiumization, and extensive research and development (R&D) activities conducted by the key players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global sun care products market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, product form, gender and distribution channel.

Product Type Insights: 

• Sun Protection Products 
• After-Sun Products
• Self-Tanning Products
   

The report has provided a detailed breakup and analysis of the sun care products market based on the product type. This includes sun protection products, after-sun products and self-tanning products. According to the report, sun protection products represented the largest segment. 

Product Form Insights: 

• Cream
• Gel
• Lotion
• Wipes
• Spray
• Others
   

The report has provided a detailed breakup and analysis of the sun care products market based on the product form. This includes cream, gel, lotion, wipes, spray and others. According to the report, lotion represented the largest segment. 

Gender Insights: 

• Female
• Male
• Unisex
   

The report has provided a detailed breakup and analysis of the sun care products market based on the gender. This includes female, male and unisex. According to the report, female represented the largest segment. 

Distribution Channel Insights: 

• Supermarkets and Hypermarkets
• Specialty Retailers
• Pharmacies and Drug Stores
• Online Stores
• Others
   

A detailed breakup and analysis of the sun care products market based on the distribution channel has also been provided in the report. This includes supermarkets and hypermarkets, specialty retailers, pharmacies and drug stores, online stores and others.

Regional Insights: 

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America; Europe; Asia Pacific; Latin America; and the Middle East and Africa. According to the report, Asia Pacific was the largest market for sun care products. Some of the factors driving the Asia Pacific sun care products market included rapid urbanization, inflating disposable income levels of the consumers, product premiumization, rising incidences of skin cancer, etc.  

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global sun care products market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Johnson & Johnson, L’Oreal, Revlon, Unilever, Shiseido, Estee Lauder, Beiersdorf, Avon Products, Clarins Group, Proctor & Gamble, Coty, Lotus Herbals, Amway and Edgewell Personal Care, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report. 

Report Coverage:

Key Benefits for Stakeholders:  

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the sun care products market from 2017-2028.  
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global sun care products market.  
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region. 
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the sun care products industry and its attractiveness. 
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.