The global sun care products market is poised for substantial growth, with Future Market Insights (FMI) forecasting the market’s valuation will rise from USD 13.6 billion in 2023 to USD 25.3 billion by 2033, growing at an average compound annual growth rate (CAGR) of 6.4% during the forecast period. This growth is being driven by several key factors, including rising consumer awareness about skincare, increasing instances of skin-related problems, and the growing demand for organic and natural sun protection products.
Key Influencing Factors Driving Market Growth
- Increased Awareness of Skin Health and UV Protection:
As consumers become more aware of the damaging effects of ultraviolet (UV) rays on skin health, the demand for effective sun care products continues to rise. Conditions such as sunburn, premature aging, and skin cancer are contributing to the growing adoption of sun protection products worldwide. - Rising Skin Disorders and Conditions:
The prevalence of skin disorders such as tanning, rashes, dullness, and even skin cancer is spurring demand for products that protect and rejuvenate the skin. These disorders are particularly prevalent in regions with high UV exposure, driving the need for products that provide not only protection but also healing benefits. - Shift Toward Organic and Chemical-Free Products:
Consumers, especially millennials, are increasingly seeking natural and organic alternatives in their skincare routines. Products that promise healthier, glowing skin without harmful chemicals are growing in popularity, pushing manufacturers to innovate and deliver products with plant-based ingredients. - Consumer Adoption of Sun Care Products for Outdoor Activities:
With an increase in outdoor activities and adventure sports, consumers are looking for reliable sun care products that can offer superior UV protection. Sun care products that provide deep moisturization, anti-aging properties, and skin health benefits are becoming essential for consumers leading active lifestyles. - Innovation in Product Technology:
New product innovations, including those utilizing advanced shield technologies and natural ingredients, are opening up numerous market opportunities. Manufacturers are also focusing on sustainability, offering eco-friendly packaging and minimizing the use of harmful synthetic chemicals.
Market Insights by Segment
- Product Type:
Self-tanning products are expected to capture nearly 50% of the market share during the forecast period. The increasing awareness of long-term skin health and reduced sun exposure is driving consumers to opt for self-tanning products as an alternative to excessive sun exposure. - Packaging Format:
The demand for sun care products in tube packaging is set to grow, with tubes expected to hold a market share of 42.8% by 2033. This format is popular for its convenience, reliability, and eco-friendly potential, as companies are shifting to recyclable paper tubes to minimize environmental impact. - Age Group:
Adults are projected to hold a significant share of 79.2% by 2033, with sun care products becoming essential for managing skin issues such as premature aging, sunburn, and wrinkles.
Regional Insights
- United States: The U.S. is expected to maintain dominance with a strong CAGR, driven by innovation and the influence of social media, holding 81.1% of the market share by 2033.
- China: China’s market is projected to grow at a robust CAGR, reaching a 42.6% share by 2033, fueled by the increasing demand for organic and natural products.
- India: India is forecast to capture 27.3% of the market share by 2033, driven by rising skin disorders and changing consumer lifestyles, with a healthy CAGR.
- Germany: Germany’s market is expected to see steady growth at a solid CAGR, representing 16.6% of the global market by 2033, with strong demand for high-quality sun care products.
- Japan: Japan’s sun care market is set to grow at a healthy CAGR, reaching a 33.1% share by 2033, with increasing demand for advanced UV protection and organic formulations.
- Australia: Australia is predicted to capture 57.8% of the market by 2033, with a high CAGR driven by the country’s emphasis on sun protection due to high UV exposure.
Competitive Landscape
The leading players in the global market play a pivotal role in shaping industry trends. These companies are highly focused on meeting consumer needs and delivering high-quality products to strengthen their brand reputation. They invest heavily in research and development to drive revenue growth and maintain competitive advantage. Additionally, they are continuously innovating by leveraging advanced technologies to create products tailored to evolving consumer demands.
In-depth market analysis conducted by these key players results in solutions that push the market to new heights. Strategic approaches such as mergers, acquisitions, collaborations, product launches, partnerships, and agreements are frequently employed to accelerate growth and expand market presence.
Prominent 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
- For instance, in 2020, L’Oréal SA acquired Takami Co., a skincare brand. Moreover, L’Oréal SA acquired Thayers Natural Remedies, the United States-based natural skincare brand from Henry Thayer company. The brand integrated into L’Oréal’s Consumer Products Division.
- In May 2022, L’Oréal announced its newly launched UV filtering technology product UVMune 400. This product protects the skin from ultra-UVA radiation.
- In May 2022, Beiersdorf’s skincare brand announced the expansion of its business portfolio in the United States under the Eucerin sun line. Eucerin expands the business by promoting healthy-looking skin products to its consumers.
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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
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 over 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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