The sun care products market is anticipated to reach a valuation of USD 13.6 billion in 2023 and is expected to be worth USD 25.3 billion by 2033. The market is likely to register a CAGR of 6.4% during the forecast period.
- Increasing Prevalence of Skin Disorders: The rise in skin-related issues such as acne, eczema, tanning, rashes, and infections is expected to propel the demand for effective skincare solutions.
- Impact of Urbanization and Lifestyle Changes: Urban living, along with changes in lifestyles and higher disposable incomes, contribute to market growth by increasing the consumption of skincare products.
Get Recently Updated Report of Market as Sample Copy! https://www.futuremarketinsights.com/reports/sample/rep-gb-12532
- Innovation Driving Market Expansion: Continuous innovation in skincare products, especially organic and natural formulations, is enhancing consumer interest and market expansion.
- Growing Awareness of Skin Health Risks: Increased consumer knowledge about the risks associated with UV exposure and skin dullness is boosting the demand for sun care products.
- Popularity of Organic Products: There is a growing preference for organic sun care products, which are perceived as safer and more beneficial for long-term skin health, aiding in toxin clearance and maintaining skin condition.
Customers are molding towards SPF & UV protection sun care products to prevent aging and provide deep moisturization. Manufacturers develop solutions using natural components to treat damaged skin, focusing on consumer needs. In addition, these producers expand market prospects by offering plant-based components free of harmful chemicals.
Why do Consumers Prefer Sun Care Products in Tubes Packaging?
Tubes packaging is expected to dominate the cosmetic market by securing a 42.8% share by 2033. The manufacturers provide cosmetic products such as shampoo, face wash, cream, lotion, and toothpaste in tube packaging. Tube packaging is dependable and practical because it stores the products and is simple to use. Many sorts, forms, and shapes of tubes are created by manufacturers along with product descriptions. High-quality tubes were designed by the makers for product packing to extend shelf life. Moreover, leading cosmetic and new start-up companies are developing innovative paper tube packaging to facilitate recycling and lower carbon emissions.
Key Takeaways:
- The sun care products market is likely to reach a valuation of US$ 25.3 billion by 2033.
- The sun care products market is expected to record a CAGR of 6.4% during the forecast period.
- The market in the United States is anticipated to capture 81.1% of the share through 2033.
- With a CAGR of 57.8%, the Australia sun care products market is expected to increase significantly during the forecast period.
- The market in India is expected to secure a share of 27.3% over the forecast period.
- The market in China is projected to reach a share of 42.6% by 2033.
Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-12532
Who is Winning?
The prominent players play a vital role in the global market by capturing maximum output. These prominent players focus on consumers’ requirements and launch innovative products to meet their needs. For example, they are developing sun care products without side effects and premium packaging to enhance product life.
These players invest in research and development activities to expand the market size. In addition, the key players upsurge the market through marketing strategies, including collaborations, partnerships, product launches, mergers, and acquisitions.
Other Players in the Market are:
- Estee Lauder Companies, Inc.
- Coty, Inc.
- Revlon, Inc.
- Clarins Group
- Clinique Laboratories, Inc.
- Natura & Co.
- Amway Corporation
- Shiseido Company, Limited
- AmorePacific Corporation
- Revlon, Inc.
- Kiehl’s LLC
- Others (On Request)
- Beiersdorf AG
- The Procter & Gamble Company
- Unilever PLC
- L’Oreal Group
Recent Developments in the Market are:
- In September 2020, a Korean Brand, KOKOSTAR, launched its new product Sunscreen Capsule Mask by adding sunscreen oil and sunblock serum. The company launched this vegan mask with biodegradable ingredients.
- In May 2022, L’Oréal launched its new UV filter technology-based product UVMune 400, to protect skin from harmful UVA radiation.
- In February 2022, Beiersdorf established its new center in the United States for therapeutic OTC and sun care products.
Gain Immediate Access to Detailed Market Insights: https://www.futuremarketinsights.com/checkout/12532
Sun Care Products Market by Category
By Product Type:
- Sunscreen
- After Sun Care
- Self-tanning Products
By Packaging Type:
- Bottles/Jars
- Pumps & Dispensers
- Tubes
- Others
By Age:
- Adult
- Kids
By Nature:
- Organic
- Conventional
By Sales Channel:
- Hypermarkets/Supermarkets
- Specialty Stores
- Multi-brand Stores
- Pharmacy/Drug Stores
- Department Stores
- Convenience Stores
- Online Retailers
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube