The global sun care products market is projected to expand from USD 13.6 billion in 2023 to a remarkable USD 25.3 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 6.4% during the forecast period. This growth is driven by a surge in consumer awareness surrounding skincare, an increasing preference for organic and natural products, and the rising incidence of skin-related health concerns, including sunburn, premature aging, and skin cancer.
Key Drivers of Market Growth
- Growing Awareness About UV Exposure: As consumers become more conscious of the harmful effects of UV rays, including premature aging, tanning, and skin cancer, the demand for effective sun care products continues to rise. Educational campaigns and a greater focus on sun protection have spurred a global shift toward preventive skincare routines.
- Skin Disorders and Health Concerns: The rising prevalence of skin-related issues such as rashes, irritation, dullness, and more severe conditions like skin cancer is driving the demand for sun protection products. Consumers are increasingly seeking products that provide both SPF protection and added skincare benefits.
- Consumer Shift Toward Organic and Natural Products: As concerns over the harmful effects of chemicals in skincare products grow, consumers are increasingly favoring organic and natural sun care formulations. This trend has contributed to the growing market share of plant-based ingredients that are free from harsh chemicals, appealing to a more health-conscious consumer base.
- Increasing Participation in Outdoor Activities: Sun care products are gaining traction due to the rise in outdoor activities, including hiking, sports, and beach holidays, which require adequate sun protection. Consumers are seeking products that protect their skin from UV rays while ensuring long-lasting hydration and anti-aging benefits.
- Innovation in Product Formulations: Manufacturers are investing heavily in R&D to develop sun care products that not only protect against UV damage but also offer additional benefits such as deep moisturization, anti-aging properties, and skin tone enhancement. New formulations with advanced shield technology are gaining popularity for their ability to heal damaged skin while maintaining a natural appearance.
Regional Insights
- United States: The U.S. dominates the global sun care products market, driven by innovation in cosmetics and the influence of social media on consumer preferences.
- China: China’s sun care market is propelled by a growing demand for organic, natural products and a strong focus on clean beauty among consumers.
- India: India’s sun care market is expanding rapidly due to rising awareness of skin health and increased exposure to environmental factors leading to skin issues.
- Germany: Germany’s market is growing as consumers increasingly prioritize skincare routines that include effective sun protection products.
- Japan: Japan’s sun care products market is supported by a strong skincare culture and rising demand for products that combine sun protection with anti-aging benefits.
- Australia: Australia’s market is seeing robust growth due to the country’s high levels of sun exposure and a strong focus on sun protection due to skin cancer risks.
Competitive Landscape
The leading players in the global market play a vital role in shaping industry trends and driving growth. These companies are highly attuned to consumer needs, consistently offering high-quality products to strengthen their brand value. By investing millions in research and development, they aim to secure substantial revenue and maintain a competitive edge. Additionally, they leverage cutting-edge technologies to innovate and create products that cater to evolving consumer demands.
Through in-depth market analysis, prominent players are able to deliver solutions that push the market forward. Key strategies such as mergers, acquisitions, collaborations, product launches, partnerships, and agreements are often employed to solidify their market position and accelerate growth.
Prominent Players in the Market
- 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:
- 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.
- In February 2022, Beiersdorf announced its inauguration center for sun care products and therapeutic OTC in the United States.
- In March 2020, Ergodyne announced its new brand, ‘Krew’d’. The product contains water resistance sunscreens in spray, lotion, and stick formats.
Get Connected with Our Expert Analyst on Email: sales@futuremarketinsights.com
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube