Sun Care Products Industry Overview
The global sun care products market is expected to reach USD 14.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.0% from 2021 to 2028. Sun care products are gaining popularity among consumers owing to the rising awareness of the effects of UV rays on the human skin. Moreover, consumers’ concerns about the signs of skin aging due to increased sun exposure are expected to drive the market.
Sun Care Products Market Segmentation
Grand View Research has segmented the global sun care products market on the basis of product, distribution channel, and region:
Based on the Products Insights, the market is segmented into Adult Sun Cream, Baby Sun Cream, After Sun, Fake Tan/Self Tan, Tanning.
- The adult cream segment dominated the market for sun care products and held the largest revenue share of more than 69.4% in 2020. The segment is expected to maintain its dominance over the forecast period. Adult cream is used to protect the skin from sunburn and premature aging such as wrinkles, leathery skin.
- The demand for natural and organic elements is increasing, that expected to fuel the adoption of after-sun care products among adults. Physical products with mineral-based components such as titanium dioxide and zinc oxide are popular among adults.
- The proliferation of natural-looking products, the rise in the number of service providers, and widespread acceptance of the concept of sun care are driving the demand. Consumers prefer sunless tanning as it aids in achieving a healthier appearance throughout the year.
Based on the Distribution Channel Insights, the market is segmented into Hypermarket supermarket, Pharmacy drug store, Specialty store, Online, Others.
- The hypermarket and supermarket segment dominated the market and held the largest revenue share of 48.5% in 2020. The segment is expected to maintain its dominance over the forecast period. These stores attract a large number of consumers and are usually located in central parts of the city.
- Hypermarkets and supermarkets sell a variety of skin care products for men and women. Many of these stores have trained personnel in the cosmetics and beauty aisles to give clients expert help and recommendations.
- The specialty store segment is projected to register the fastest CAGR of 4.8% from 2021 to 2028. These stores specialize in a narrow range of offering and place a premium on customer pleasure. To provide exceptional service, most specialty skin care stores retain a significant depth in terms of the products offered to customers.
- Specialty stores focus on specific categories and primarily focus on high customer satisfaction. Most specialty stores dealing in the market maintain a considerable depth in terms of the offering to ensure quality service.
Sun Care Products Regional Outlook
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa (MEA)
Key Companies Profile Market Share Insights
The market for sun care products is characterized by the presence of a few well-established players and medium players. Launching new products is one of the key strategic initiatives in the industry.
Some prominent players in the global sun care products market include
- Beiersdorf AG
- Groupe Clarins
- Johnson Johnson
- Coty Inc.
- Shiseido Co. Ltd.
- L'oreal
- The Estee Lauder Companies Inc.
- Burt's Bees
- Bioderma Laboratories
- Unilever
Order a free sample PDF of the Sun Care Products Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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