The mineral sunscreen market size is USD 1,470.3 million in 2023 and is likely to attain a valuation of USD 2,441.0 million by 2033. The mineral sunscreen market share is projected to rise at a CAGR of 5.2% from 2023 to 2033.
K-beauty and J-beauty trends are substantially influencing the mineral sunscreen market growth. Beauty products from Korea and Japan are renowned for their cosmetic elegance, which includes a smooth and non-greasy finish. In order to satisfy consumer’s need for soothing sun protection, mineral sunscreens with a matte or transparent finish are gaining popularity. The exposure and accessibility of K-Beauty and J-Beauty products, especially mineral sunscreens, have expanded due to the globalization of Asian beauty trends via social media and e-commerce platforms. The market demand is rising largely due to consumers’ greater awareness of these products and their advantages.
Avobenzone, oxybenzone, and octinoxate are common chemical sunscreen ingredients that may irritate those with sensitive skin. Mineral sunscreens are hypoallergenic and less prone to irritate the skin or produce allergy reactions because they are made of benign physical blocks. The market for mineral sunscreens continues to expand as more consumers look for sun protection options suitable for their sensitive skin.
Consumers are increasingly drawn to skincare products free of synthetic chemicals and pollutants, fueling the clean beauty movement. Mineral sunscreens fit this trend because they are made with all-natural UV-blocking agents like zinc oxide and titanium dioxide. Consumers prioritizing healthy and sustainable skincare are becoming more attracted to non-toxic, eco-friendly products, promoting sales of mineral sunscreens.
Key Takeaways:
- In 2018, the global market size stood at US$ 1,145.5 million.
- In 2022, the global market size stood at US$ 1,403 million.
- Canada’s mineral sunscreen market share is 3% in 2023.
- Australia’s mineral sunscreen market share is 2% in 2023.
- India’s mineral sunscreen market share is 5% in 2023.
- China’s mineral sunscreen market share is 1% in 2023.
- In 2023, the direct sales channel segment captured an 66% share of the mineral sunscreen industry.
- In 2023, the dry skin type segment captured nearly 99% of the mineral sunscreen market shares.
Key Players:
- Neutrogena
- EltaMD Inc.
- Sun Bum
- Johnson & Johnson Consumer Inc.
- La Roche-Posay
- Avalon Natural Products Inc.
- J&JCI
- Australian Gold LLC
- Edgewall
- Goddess Garden
- Coppertone
- Drunk Elephant
- BeautyCorner
Recent Developments in the Mineral Sunscreen Market
- Glenmark Pharmaceuticals launched La Shield in 2012. Over the years, the brand grew its portfolio to offer a range of mineral sunscreens that cater to different skin types.
- Chennai-based CHOSEN® has launched six mineral-based sunscreens under the banner of SAFESCREEN™ to suit Indian skin types. The sunscreens are made of 80-90 percent natural ingredients and have high SPF perfect for Indian skin types ranging from 30 to 50+ and a high PA of ++++ rating.
- Croda has become an R&D partner with Entekno Materials for solar protection, featuring the upcoming mineral sunscreen line Solaveil MicNo. The partnership is focused on driving innovation and delivering natural and safe inorganic sunscreens to the market.
Complete Market Review: A Full Report Analysis
Market Segmentation
By Skin Type:
- Dry
- Oily
- Sensitive
Sun Protection Factor:
- Up to 29 SPF
- 30 SPF to 49 SPF
- 50 SPF to 69 SPF
- 70 SPF and more
By Consumer Orientation:
- Male
- Female
- Unisex
By Nature:
- Natural
- Organic
- Synthetic
Price Range:
- Economy/Mid-Range
- Premium
Age:
- Adult
- Children
Sales Channel:
- Direct
- Indirect
- Supermarkets/Hypermarkets
- Convenience Stores
- Independent Small Stores
- Discounted Stores
- Online Sales Channel
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
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