The tinted Sunscreen market is anticipated to record a CAGR of 4.5% during the forecast period. It is expected the market value will go up from US$ 930 Mn in 2021 to reach a valuation of US$ 1.67 Bn by 2032.
Over the last few decades, the sun protection industry has developed significantly owing to rise in consumer need to protect from the sun harmful rays, advancement in sunscreen technology, and growing products availability in the market. This speedily growing sun protection industry has enabled companies to reach potential customers with more innovative and attractive products that will protect them from harmful environment and other health conditions.
Additionally, nowadays, consumers are moving towards a healthier lifestyle and are increasingly aware of side effects associated with UV rays on skin health; they are more concern about ingredients used in personal care products. With this growing consumer awareness and healthcare anxieties, sunscreens are gaining popularity as an essential ingredient in a wide range of skin care products in the market. Tinted sunscreen is one such sunscreen products that protect the skin from ultraviolet long-wave (UVA) and ultraviolet shortwave (UVB) rays and also contain SPF for prolonged protection.
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Reasons for Covering Tinted Sunscreen Market Title
Growing penetration and consumption of sunscreens among consumers, rise in demand for multifunctional skin care products, rapidly growing UV radiation level, an increase in demand for chemical-free ingredients in the beauty products are the factors influencing the growth of the tinted sunscreen market in the near future. Also, significantly influx of novel sunscreen formulations and wide range of sunscreens in the skin care industry coupled with a rise in demand for sustainable products are some other factors fueling the growth of the tinted sunscreen market during the forecast period. However, banning of certain sunscreen chemicals, side associated with products, and availability of counterfeit products in the market are some of the factors that may hamper the growth of the global tinted sunscreen market.
Moreover, developing research and development activities in skin care industry such as combining sunscreen with antioxidants such as vitamin C and vitamin E that minimize the sun effect on skin cells, as well as a rise in do-it-yourself natural skin care products are predicted to create the substantial potential for tinted sunscreen market in the near future.
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Global Tinted Sunscreen Market: Regional Outlook
The tinted sunscreen market is anticipated to register significant growth across all the regions during the forecast period. The tinted sunscreen market is classified into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa. North America is expected to be the leading markets in the global tinted sunscreen market followed by Europe owing to the high consumption of sunscreen products along with high consumer prefer for beauty products containing natural ingredients in the region. South Asia and East Asia tinted sunscreen market is expected to account healthy CAGR during the forecast period owing to the rise in consumer awareness pertaining to skincare. MEA is likely to offer attractive opportunity in the global tinted sunscreen market in the coming years.
Global Tinted Sunscreen Market: Key Players
Some of the key players operating in the global tinted sunscreen market are Johnson & Johnson Consumer Inc., Australian Gold LLC, Sweetsation Therapy, Pierre Fabre Dermo-Cosmetique USA, Inc., Coola Suncare LLC, Tizo Company, Tarte Cosmetics, Unilever, First Aid Beauty Ltd., Boscia, LLC, Algenist Brands LLC, Colorescience, Inc., MD SolarSciences Corporation, L’Oréal S.A., MyChelle Dermaceuticals, LLC, SkinMedica Inc., Galderma Laboratories, L.P., Suntegrity Skincare Company, and others.
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Global Tinted Sunscreen: Market Segmentation
On the basis of product type, the global tinted sunscreen market has been segmented as –
- Cream/ Moisturizer
- Gel
- Lotion
- Liquid
- Others
On the basis of form type, the global tinted sunscreen market has been segmented as –
- Matte
- Dewy
- Satin
On the basis of SPF type, the global tinted sunscreen market has been segmented as –
- SPF 6-10
- SPF 15-25
- SPF 30-40
- SPF 50 and Above
On the basis of source, the global tinted sunscreen market has been segmented as –
- Natural
- Synthetic
On the basis of sales channel, the global tinted sunscreen market has been segmented as –
- Supermarkets/Hypermarkets
- Pharmacies & Drug Stores
- Specialty Outlets
- Independent Small Stores
- Beauty Specialist Stores
- E-Retailers
- Other Sales Channel
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