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 Million in 2021 to reach a valuation of US$ 1.67 Billion by 2032.
Advancements in sunscreen technology have led to the availability of a wide range of products offering UV protection, complexion enhancement, and skin tone effects, thereby rapidly increasing the sales of tinted sunscreen products across various demographics. Additionally, the dual benefits associated with using such products are expected to drive higher demand for tinted sunscreen among all age groups.
The use of carbon-based compounds such as oxybenzone and octinoxate, known as organic absorbers, has contributed to the rising popularity of tinted sunscreen products. The incorporation of these safe ingredients has sparked fresh demand for tinted sunscreen, further boosting its appeal in the market.
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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.
Key Segmentations
On the basis of product type
- Cream/ Moisturizer
- Gel
- Lotion
- Liquid
- Others
On the basis of form type
- Matte
- Dewy
- Satin
On the basis of SPF type
- SPF 6-10
- SPF 15-25
- SPF 30-40
- SPF 50 and Above
On the basis of source
- Natural
- Synthetic
On the basis of sales channel
- Supermarkets/Hypermarkets
- Pharmacies & Drug Stores
- Specialty Outlets
- Independent Small Stores
- Beauty Specialist Stores
- E-Retailers
- Other Sales Channel
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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