By the year 2033, the global mineral sunscreen market is projected to achieve a significant valuation of US$ 2,441.0 million, with an estimated compound annual growth rate (CAGR) of 5.2% driving this expansion. This growth trajectory underscores the increasing awareness and preference for mineral-based sun protection products among consumers. With rising concerns about skin health and environmental sustainability, the demand for mineral sunscreens is expected to witness substantial growth over the forecast period. This trend reflects a shift towards safer and more eco-friendly alternatives in the skincare industry, presenting promising opportunities for market players to capitalize on this evolving consumer preference.
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.
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Growth Factors:
- Globalization of Asian Beauty Trends: The exposure and accessibility of K-Beauty and J-Beauty products, including mineral sunscreens, have expanded significantly due to the globalization of Asian beauty trends via social media and e-commerce platforms. This increased exposure has sparked interest among consumers worldwide, driving the demand for these products.
- Rising Consumer Awareness: Consumers are becoming increasingly aware of the benefits of mineral sunscreens compared to chemical alternatives. With greater awareness of the potential skin irritants found in chemical sunscreens like avobenzone, oxybenzone, and octinoxate, there is a growing preference for hypoallergenic mineral sunscreens, which are less likely to cause skin irritation or allergic reactions.
- Clean Beauty Movement: The clean beauty movement is gaining momentum, with consumers prioritizing skincare products free of synthetic chemicals and pollutants. Mineral sunscreens align with this trend as they are formulated with natural UV-blocking agents like zinc oxide and titanium dioxide. As consumers seek healthier and more sustainable skincare options, the demand for non-toxic, eco-friendly mineral sunscreens continues to rise.
- Growing Preference for Non-Toxic Products: Increasingly, consumers are opting for skincare products that are free from harmful chemicals and toxins. Mineral sunscreens offer a safer alternative, as they rely on physical blockers rather than chemical absorbers to protect the skin from the sun’s harmful rays. This growing preference for non-toxic products is driving sales of mineral sunscreens across various demographics.
- Customized Sun Protection: As consumers become more knowledgeable about skincare ingredients and their effects, there is a growing demand for personalized sun protection solutions. Mineral sunscreens cater to this demand by offering a gentle yet effective option suitable for sensitive skin types. The ability to provide customized sun protection solutions tailored to individual needs further contributes to the growth of the mineral sunscreen market.
“The mineral sunscreen market is on a trajectory of rapid growth due to distinct factors converging together—the clean beauty movement, sustainability conscience, health concerns, and expert endorsements. In the near future, market growth is anticipated as long as customers continue to prioritize efficient, secure, and environmentally responsible sun protection,” says an FMI analyst.
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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.
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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
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.
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.
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