Sun Care Products Market SWOT Analysis, Size, Share, Price, Trends and Growth Forecast to 2023
Research Reports
Jan 07, 2021
Market Research Future (MRFR) projects that the global sun care products market will exhibit a sound growth in the forthcoming years. Sun care products have strong penetration in consumer markets worldwide. These products offer the firs-line of defence from harsh sun rays. There is a vast range of sun care products available today. These products are perceived to help in maintaining and restoring skin health. The ingredients are used in preparing sun care products to have properties that shield the skin cell from harmful sun rays. Factors as such continue to drive the global popularity of sun care products.
The market for sun care products has expanded significantly in recent years. Rising awareness coupled with increased uptake in markets with massive pools of price-sensitive consumers is boosting the sales as well. Increasing disposable income and improving standard of living in fast-developing countries is partly influencing the market growth. Increased awareness about the advantages of sun care products and dire effect of UV rays on the skin is driving the sales. Market players are making efforts to spread awareness about the benefits of such products through campaigns. In addition, robust marketing and promotional campaigns are also helping in boosting product sales.
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Global Sun Care Products Market: Segmental Analysis
The segmental analysis of the market has been conducted on the basis of form, type, distribution channel, and end-use.
Based on form, the market has been segmented into gels, sprays, creams & lotion, powder and others. Based on type, the market has been segmented into after sun products, sun protection products, self-tanning care products and others. Based on distribution channel, the market has been segmented into non-store based and store based. The store-based segment covers convenience stores, supermarket and hypermarket, specialty stores and others. Based on end-use, the market has been segmented into hair care, skin care and others.
Global Sun Care Products Market: Regional Analysis
Key regions discussed in the report include North America, South America, Asia Pacific (APAC), Europe and the Middle East & Africa (MEA). North America is the lasted market for sun care products. A large number of Americans use these products. High level of consciousness and desire to keep a healthy and glowing skin are factoring favouring the market growth in the region. Following North America, the demand for sun care products is highest in Europe. In terms of revenue, Europe accounts for the second spot in the global sun care products market. At the same time, increased inclination towards organic and natural variants, is opening new growth avenues for market players. Meanwhile, a sharp rise in demand for sun care products is expected in APAC in the years to come.
Global Sun Care Products Market: Competitive Landscape
Notable companies discussed in MRFR’s report include Groupe Clarins (France), Coty Inc. (the US), L’oreal (France), Beiersdorf AG (Germany), Beiersdorf AG (Germany), Unilever (UK), Johnson & Johnson (the US), Shiseido Co. Ltd. (Japan), Burt’s Bees (the US), and Bioderma Laboratories (France).
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Industry News
- US-based cannabis company Medical Marijuana, Inc., which is renowned for its exclusive cannabis-derived nutraceutical products, brands and supply chain is reportedly planning to collaborate with a sun-care and skin-care company surface products Corp. Medical Marijuana will use its subsidiary DixieBotanicals for this collaboration, which will be focused on commercialization hemp-derived CBD sunscreen.
- SC Johnson & Sons, a Racine-based consumer chemical company is reportedly planning to acquire Sun Bum a California-based wellness products manufacturer. Sun Bum has an impressive line of personal care products, which include hair care, lip care and sun protection products.
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