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Sun Care Products Global Market to Reach $23.2 Billion by 2030: Innovations Fuel Growth in Suncare Products Market

Research and Markets
·4-min read
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Global Market for Sun Care Products

Global Market for Sun Care Products
Global Market for Sun Care Products

Dublin, March 14, 2023 (GLOBE NEWSWIRE) -- The "Sun Care Products: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Sun Care Products estimated at US$11.9 Billion in the year 2022, is projected to reach a revised size of US$23.2 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2022-2030.

Sun-Care Products, one of the segments analyzed in the report, is projected to record 9.2% CAGR and reach US$19.1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the After Sun Products segment is readjusted to a revised 6.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 13.5% CAGR

The Sun Care Products market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2030 trailing a CAGR of 13.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 7.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.

Select Competitors (Total 12 Featured) -

  • Avon Products Inc.

  • Bayer Healthcare

  • Beiersdorf AG

  • Blistex Inc.

  • Clarins Group

  • Edgewell Personal Care Company

  • Johnson & Johnson

  • L`Oreal S.A

  • Neutrogena Corporation

  • Shiseido Co. Ltd.

  • The Estee Lauder Companies Inc.

  • Walgreens Boots Alliance

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Key Attributes:

Report Attribute

Details

No. of Pages

258

Forecast Period

2020 - 2027

Estimated Market Value (USD) in 2020

$10.7 Billion

Forecasted Market Value (USD) by 2027

$18 Billion

Compound Annual Growth Rate

7.7%

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Industry to Shine with Brighter Prospects

  • Recent Market Activity

  • Current & Future Analysis

  • Growth Drivers in a Nutshell

  • Challenges in a Nutshell

  • Developing Countries Drive Future Market Growth

  • Sunscreens and Skin Cancer

  • Consumer Awareness: Key to Demand for Sun Care Products

  • Value Added Features Drive Sales

  • Demand for Youthful Appearence Add to Market Opportunities

  • Competition

  • Leading Players

  • Manufacturers Devise Distinct Strategies

  • Sun Care Products - Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Innovations Fuel Growth in Suncare Products Market

  • Demand for Stronger Sunscreens Ups the Demand for Ingredients

  • Novel Ingredients - A Prime Focus Area in Corporate R&D Agenda

  • Sustainability Emerges as a Buzzword in Sun Care Products Market

  • Demand for Natural Sun Screens Picks Up

  • Preference for Organic Products on Rise

  • Multi-Functional Products - A Crossover Segment Gaining Popularity

  • Sun Protection Factor (SPF) in Skin Care Products

  • Self-Tanning Products Witness Strong Demand

  • Industry Witnesses Growing Penetration of Nano Particles in Sun Care Products

  • Sunscreens for Sensitive Skin - An Emerging Niche

  • Sun Care Products for Kids - A High Growth Avenue

  • Smart Devices and Wearables to Determine Sun Exposure Drive Opportunities

  • Anti-Pollution Sunscreens Gain Entry

  • Research-Backed Ingredients: Key to Success in the Marketplace

  • Market Witnesses Evolution of Edible Sunscreens

  • Lotion Pumps for Sun Care Products Witness Rapid Uptake

  • Stem Cell Technology: The New Frontier

  • Sunscreens with High SPF under Question Even as their Demand Increases

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/h698df

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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