The sun care products market is experiencing a scorching upsurge, with a projected value of US$ 25.3 billion by 2033. That’s a sizzling CAGR of 6.4%, making it a golden opportunity for savvy decision-makers in the industry. Here’s why you should take a dip in this lucrative pool:
Rising Consumer Awareness:
- Consumers are increasingly skin-conscious, understanding the dangers of UV rays and demanding effective sun protection.
Multiple Growth Drivers:
- Growing concerns over skin cancer, tanning, and other sun-related issues are propelling the market forward.
- Organic sun care is a major trend, with consumers seeking natural ingredients for a healthy glow.
- The popularity of outdoor activities necessitates effective sun protection products for all ages.
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Innovation is Key:
- Advanced shield technology that repairs damaged skin and maintains tone will create a competitive edge.
- Invest in sun care with additional benefits like anti-aging, deep moisturization, and overall skin health.
Embrace Sustainability:
- The skincare industry is booming with the demand for plant-based sun care free from harsh chemicals.
- By offering natural and eco-friendly products, you can attract a growing segment of environmentally conscious consumers.
USP Advantage:
- Develop targeted sun care solutions for various skin types and activity levels.
- Focus on natural ingredients and advanced formulas for superior protection.
- Invest in innovative packaging and user-friendly application methods.
The Takeaway:
The sun care market is a bright and sunny landscape ripe for explosive growth. By capitalizing on these trends, developing innovative products, and embracing sustainability, you can position your brand as a leader in this sizzling industry. Don’t miss out on this golden opportunity – invest in sun care today!
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.
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.
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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
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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.
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