Press Release

Tinted Sunscreen Market to Grow with a CAGR of 4.82% through 2029

Growing demand for multi-functional skincare products and the growing trend of using tinted sunscreens as a makeup base are the factor driving the global tinted sunscreen market.

 

According to TechSci Research report, “Tinted Sunscreen Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Tinted Sunscreen Market stood at USD 998.91 million in 2023 and is anticipated to grow with a CAGR of 4.82% through 2029. 

the global tinted sunscreen market is the push for inclusivity and customization. Consumers are increasingly seeking products that cater to their specific skin types and tones. Tinted sunscreens are addressing this demand by offering a wide spectrum of shades to match various skin tones, ensuring that individuals from diverse backgrounds can access sun protection that complements their natural complexion. This inclusivity extends to people with sensitive skin, as tinted sunscreens often feature gentle, non-comedogenic formulas that are less likely to cause irritation or breakouts. The manufacturers are striving to make tinted sunscreens customizable, allowing consumers to tailor their sun protection to their exact preferences. This could involve selecting the level of coverage, choosing between matte or dewy finishes, or picking products suitable for oily, dry, or combination skin. By offering this level of choice and customization, the global tinted sunscreen market is addressing the need for personalized skincare solutions, which are becoming increasingly significant in the beauty and cosmetics industry.

The global tinted sunscreen market is becoming increasingly competitive, with established and new brands vying for consumer attention. This competitive landscape has led to a proliferation of products, each claiming unique benefits, and it can be challenging for consumers to navigate the options effectively. As more companies enter the market, product innovation becomes crucial to maintaining a competitive edge. The market is gradually approaching saturation, especially in regions with higher consumer awareness and demand. Saturation can lead to a price war among manufacturers and decreased profit margins, making it difficult for all players to thrive. Smaller or newer entrants may find it particularly challenging to gain market share and compete with established brands that have larger marketing budgets and distribution networks. Overcoming the competition and market saturation challenge necessitates innovation and differentiation. Manufacturers must focus on developing unique formulations, marketing strategies, and sustainable practices to stand out in a crowded field. Building strong brand recognition and loyalty also becomes paramount in maintaining a foothold in the market.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Tinted Sunscreen Market”.


The global tinted sunscreen market is segmented into product type, sun protection factor, distribution channel, regional distribution, and company. 

Based on sun protection factor, the market is segmented into SPF 15 to SPF 30, SPF 30 to SPF 50, above SPF 50. Within the Global Tinted Sunscreen Market, the SPF 30 to SPF 50 segment is experiencing significant growth. Consumers are increasingly recognizing the importance of higher sun protection factors (SPF) in safeguarding their skin against UV damage. This trend is propelled by heightened sun safety awareness and a desire for more robust protection, particularly in regions with intense sun exposure. Tinted sunscreens with SPF 30 to 50 offer a balance between effective sun protection and wearability, appealing to those seeking comprehensive UV defense while enjoying the added cosmetic benefits of tinted formulations. This segment's expansion aligns with the overarching focus on holistic skincare and sun protection.

North America is emerging as the fastest-growing region in the global tinted sunscreen market due to several key factors driving consumer demand and market expansion. One of the most significant trends contributing to this growth is the rising awareness of skin health and sun protection. Consumers in North America are increasingly conscious of the harmful effects of ultraviolet (UV) radiation, which can lead to skin cancer, premature aging, and other skin-related issues. Tinted sunscreens offer dual benefits: protection from harmful UV rays and cosmetic coverage, making them highly appealing to the region’s consumers. The surge in demand for multi-functional skincare products has also bolstered the tinted sunscreen market in North America. Consumers are gravitating toward products that combine skincare, makeup, and sun protection, simplifying their beauty routines. Tinted sunscreens often contain ingredients like antioxidants, moisturizers, and pigments that not only protect against UV rays but also offer light coverage, addressing uneven skin tone, blemishes, and other imperfections. This combination has made tinted sunscreens a popular choice among both men and women in the region. The rise in health-conscious and environmentally aware consumers has fueled demand for sunscreens with cleaner, natural, and organic formulations. Many brands are responding to this trend by offering tinted sunscreens that are free from harmful chemicals such as parabens, sulfates, and synthetic fragrances. The increasing popularity of "clean beauty" in North America is encouraging manufacturers to develop products that cater to this growing consumer base, further driving the market's expansion. The influence of social media and beauty influencers in North America has significantly boosted awareness and adoption of tinted sunscreens. Beauty influencers often promote these products for their versatility and skin benefits, further driving demand. Combined with innovation in product formulations and the expansion of e-commerce platforms, North America’s tinted sunscreen market is set to witness continued growth in the coming years.

 

Major companies operating in Global Tinted Sunscreen Market are:

  • Synchronicity Spa, Inc. (Suntegrity Skincare)
  • Boscia LLC
  • The Procter & Gamble Company
  • L'Oréal S.A. 
  • Unilever plc
  • Allergan, Inc. (SkinMedica)
  • New Sunshine, LLC (Australian Gold)
  • Colorescience, Inc.
  • Coola, LLC
  • Pierre Fabre Dermo-Cosmetique Usa, Inc. (Avene)

 

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Tinted sunscreens are advancing to offer enhanced skincare benefits that go beyond sun protection. This evolution involves the incorporation of ingredients such as hyaluronic acid, niacinamide, vitamins C and E, and botanical extracts to effectively address a variety of skincare concerns. As a result, tinted sunscreens are now recognized for their hydrating, anti-aging, and antioxidant properties alongside their UV defense. For example, hyaluronic acid provides exceptional hydration, helping to maintain the skin's moisture balance, while niacinamide effectively reduces redness and fine lines. These multifunctional attributes appeal to consumers who increasingly prefer simplified skincare routines. Additionally, the fusion of skincare and sun protection in a single product aligns with the growing "skinimalism" trend, emphasizing the demand for simpler and more effective skincare solutions”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

Tinted Sunscreen Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Sticks, Tubes, Roll-on), By Sun Protection Factor (SPF 15 to SPF 30, SPF 30 to SPF 50, Above SPF 50), By Distribution Channel (Online, Offline), By Region & Competition, 2019-2029F”, has evaluated the future growth potential of global tinted sunscreen 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 the global tinted sunscreen market.

 

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Tinted Sunscreen Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Sticks, Tubes, Roll-on), By Sun Protection Factor (SPF 15 to SPF 30, SPF 30 to SPF 50, Above SPF 50), By Distribution Channel (Online, Offline), By Region & Competition, 2019-2029F

Consumer Goods and Retail | Sep, 2024

Growing demand for multi-functional skincare products and the growing trend of using tinted sunscreens as a makeup base are the factor driving the global tinted sunscreen market.

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