Sun Care Products Market to Grow with a CAGR of 5.1% Globally through 2028

Rising awareness of sun-related health concerns and increased exposure to environmental pollutants are driving the Global Sun Care Products Market in the forecast period 2024-2028.

 

According to TechSci Research report, “Global Sun Care Products Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Sun Care Products Market stood at USD 13.15 Billion in 2022 and is anticipated to grow with a CAGR of 5.1% in the forecast period, 2024-2028. The global sun care products market has experienced steady growth due to increasing awareness of sun-related health concerns. Skin cancer, premature aging, and other UV-related skin issues have driven consumers to prioritize sun protection in their daily routines. Geographically, the Asia-Pacific region is expected to be the fastest-growing market, driven by rising disposable incomes and a growing awareness of skin health. The market is also expanding into emerging regions as consumers in countries like China and India seek healthier, more youthful skin through sun care products.

Several drivers underpin the growth of the global sun care products market. First, the increasing awareness of sun-related health issues, such as skin cancer and premature aging, has prompted consumers to prioritize sun protection in their daily routines. This awareness is reinforced by healthcare organizations and governments, which emphasize the importance of sun protection

 

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Changing lifestyles, including outdoor activities and recreational pursuits, contribute to the demand for sun care products as people seek effective UV protection while engaging in these activities. The beauty industry has also played a role, integrating sun protection into skincare routines and creating multifunctional products that offer both UV protection and skincare benefits. Furthermore, urbanization and environmental pollution have made sun protection more essential, particularly in urban settings. The growth of the market in emerging regions, driven by increased disposable incomes and shifting consumer preferences, is another major driver.

The global sun care products market is characterized by several notable trends. The rise of clean and natural formulations reflects consumers' preference for safer and more environmentally friendly products. Natural ingredients like zinc oxide and titanium dioxide are replacing traditional chemical UV filters in sunscreens. Innovations in UV protection technologies, such as smart sunscreens that change color based on UV radiation levels, are becoming more prevalent, as are wearable UV monitoring devices. Multifunctional sun care products, which combine sun protection with skincare benefits, are gaining popularity. Inclusivity and diversity in product offerings are becoming increasingly important, with products designed to cater to a range of skin tones and types. Digital marketing and e-commerce are transforming the way sun care products are marketed and sold, with companies leveraging online platforms to reach and engage consumers effectively.

The sun care products market faces several challenges. Regulatory hurdles and compliance issues have intensified as governments implement stricter guidelines for sun care products. Environmental concerns have arisen as certain sunscreen ingredients have been found to harm coral reefs and marine ecosystems, leading to bans in some regions. Health-related questions about the safety of sunscreen ingredients, such as oxybenzone and octinoxate, present challenges for manufacturers. Consumer education is necessary to dispel misinformation and promote proper sun care practices. Intense competition and market saturation have led to price wars and reduced profit margins, necessitating innovation and effective differentiation for market success.

The global sun care products market continues to grow and evolve, driven by factors like increased awareness of sun-related health issues, changing lifestyles, beauty industry innovation, urbanization, and market expansion into emerging regions. Key trends include the rise of clean and natural formulations, innovations in UV protection technologies, multifunctional products, inclusivity and diversity in offerings, and the importance of digital marketing and e-commerce. The market's challenges include navigating regulatory hurdles, addressing environmental and sustainability concerns, ensuring ingredient safety, consumer education, and managing intense competition. To thrive in this dynamic market, companies must adapt and innovate to meet the changing needs of a more health-conscious and eco-aware consumer base.

The Global Sun Care Products Market is segmented into type, sales channel, regional distribution, and company.

Based on type the market is segmented into adult sun cream, baby sun cream, after sun, self-tan, and others. The global sun care products market has witnessed a notable surge in the demand for adult sun creams. This trend is propelled by increasing awareness among adults about the long-term effects of sun exposure on skin health, including skin cancer and premature aging. As a result, more adults are incorporating sun creams into their daily skincare routines, recognizing the essential role of sun protection. Furthermore, the beauty industry's emphasis on multifunctional products that combine sun protection with other skincare benefits has contributed to the rising demand for adult sun creams, making them a vital component of daily skin care regimens.

Based on sales channel the market is segmented into hypermarkets/supermarkets, specialty stores, online, others.

Based on region the market is segmented into five regions, North America, Europe, Asia Pacific, Middle East & Africa, and South America.

 

Major companies operating in Global Sun Care Products Market are:

• Beiersdorf AG
• Groupe Clarins
• Johnson & Johnson
• Coty Inc.
• Shiseido Co. Ltd.
• L'oreal
• The Estee Lauder Companies Inc.
• Burt's Bees
• Bioderma Laboratories
• Unilever

 

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“Multifunctional sun care products is a significant trend that is expected to have an impact on growth over the forecasted period. Rising awareness of sun-related health concerns, increased exposure to environmental pollutants and increased incidence of skin sensitivities will positively impact the Global Sun Care Products Market. Due to the wide range of products available to meet specific needs of, as well as the growing popularity of the online sales channel, the market is growing at impressive rate through projected period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Sun Care Products Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Adult Sun Cream, Baby Sun Cream, After Sun, Self-Tan, Others), By Sales Channel (Hypermarkets/Supermarkets, Specialty Stores, Online, Others), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Sun Care Products Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Sun Care Products Market.

 

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