Sun Care Products Market Size, Share and Forecast 2019-2024

Press Release:

Global Sun Care Products Market to Reach US$ 13.4 Billion by 2024, Impelled by Changes in Regulatory Requirements

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Sun Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global sun care products market was worth US$ 11.2 Billion in 2018. Sun care products are used on the skin for protection against harmful ultraviolet (UVA and UVB) rays. They counter the damaging effects of continuous sun exposure such as early signs of aging, tanning, sunburn, wrinkles, fine lines and pigmentation. These products are made by using ingredients, such as benzophenone and avobenzone, that create a barrier and prevent the UV rays from harming the skin. The efficiency of a sun care product depends upon its Sun Protection Factor (SPF), a scientific measure that correlates to how long the user can stay in the sun without sustaining any serious damage to the skin.

Global Sun Care Products Market Report

The frequent occurrence of melanoma and non-melanoma skin cancer caused by exposure to UV radiations is the key factor driving the market. In addition to this, various sun care products also incorporate elements which cater to other related skin care issues such as the signs of aging. An indomitable urge to retain youthfulness among the masses has inclined them toward products which boast of an overall replenishment of the skin cells by providing anti-aging as well as sun protection solutions. Moreover, the incorporation of organic and natural ingredients in these products is increasing as these ingredients are eco-friendly and have no side-effects. Also, the launch of value-added products with benefits such as diversified fragrances, rapid-drying effects, and glitter and matte-finish is also attracting consumers. Other factors contributing to the market growth include easy accessibility and wide distribution through online retailers and multi-brand stores, rising disposable income and awareness about the benefits of these products, along with aggressive promotional activities by several leading manufacturers. Looking forward, IMARC Group expects the market to reach a value of US$ 13.4 Billion by 2024, registering a CAGR of around 3% during 2019-2024.

Report Coverage:

Historical, Current and Future Market Trends
Market Breakup by Product Type:
- Sun Protection Products
- After-Sun Products
- Self-Tanning Products
Market Breakup by Product Form:
- Cream
- Gel
- Lotion
- Wipes
- Spray
- Others
Market Breakup by Gender:
- Female
- Male
- Unisex
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Retailers
- Pharmacies and Drug Stores
- Online Stores
- Others
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Johnson & Johnson, L’Oreal, Revlon, Unilever, Shiseido, Estee Lauder, Beiersdorf, Avon Products, Clarins Group, Proctor & Gamble, Coty, Lotus Herbals, Amway, Edgewell Personal Care, etc.

Key Questions Answered in This Report:

How has the global sun care products market performed so far and how will it perform in the coming years?
What are the key regional markets in the global sun care products industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the product form?
What is the breakup of the market based on the gender?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the global sun care products industry?
What are the key driving factors and challenges in the global sun care products industry?
What is the structure of the global sun care products industry and who are the key players?
What is the degree of competition in the global sun care products industry?
What are the profit margins in the sun care products industry?