Sun Care product is the first line of defense to prevent the harmful effects of sun rays. Long-term exposure to UVA and UVB rays can cause premature skin aging, tanning, sunburn, skin cancer, etc. To overcome these harmful effects, there are a variety of sunscreen products on the market. These products come in several forms, which consist of a wide range of sun protection factors commonly known as SPF, to protect the skin from harmful rays. Suncare products also have multifunctional whitening properties that prevent wrinkles.
Market Overview
The Global Sun Care Products Market was worth US$ xx million in 2020 and is estimated to reach a valuation of US$ xx million by the end of 2025, rising at an annual compound rate of xx% between 2020 and 2025.
Recent Developments and Trends
Lakme has launched Lakme Sun Expert Ultra Matte SPF 40 PA +++ Compact, a compact cream that protects against UVA and UVB rays that has an anti-aging effect and has a non-sticky matte finish.
Beiersdorf NIVEA Sun Protect & Moisture moisturizing sunscreen lotion provides hydration and skin protection with an extensive SPF-30.
The Avène Eau Thermale brand has successfully pioneered the market for products aimed at consumers with specific skin needs.
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Market Growth
Driven by the rapid growth of urbanization speed and the equally prosperous industrialization, the market for sunscreen products will witness remarkable growth in future.
Drivers
As consumers become more aware of the harmful effects of UV rays and their interest in premature aging, skin cancer and other skin diseases, the demand for sunscreen products is increasing significantly. The global sun care products market is expected to grow significantly, especially in areas with high exposure to UV rays, as the need for exceptional protection against ultraviolet rays and the sun increases. Consumer expectations about the additional benefits of these products are leading manufacturers to produce innovative and versatile sun protection products. Sunscreen products with other advantages and features such as skin nutrition, redness reduction, stain removal, hydration and anti-aging are expected to gain more popularity during the forecast period.
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The popularity of organic and natural products for personal care is growing worldwide. The demand for sunscreen products based on raspberry seed oil, wheat germ oil, hazelnut oil and carrot seed oil increases, which will lead the market for sun care products.
Restraints
The government imposes various regulations on sunscreen products to ensure consumer safety. Cheap and low-quality products can have a negative impact instead of protecting your skin. The government has developed several standards that all manufacturers must meet.
Market Segmentation
Depending on the type, the global sun care products market includes Sun Protection, After Sun and Self-Tanning. Among the types of sunscreens, sun protection products occupied a large part of 2018. Factors that support the growth of this sector include increased concern for skin protection against sun rays and better cancer alerts of skin. Sunscreen products consist of SPF 6-14, SPF 15-30, SPF 30-50 and SPF 50+.
Depending on the form, the global Sun Care Products Market consists of creams, gels, lotions, powders, liquids, wipes, sprays and colors. In 2018, the cream segment accounted for the majority of sunscreen products. The factors that propel the division include the simplicity of use and the nutritional ingredients of the cream. It is also one of the most common forms of sunscreen products.
Regional Analysis
By region, the Sun Care Products Market encompasses North America, Europe, Asia Pacific and other countries globally. For the geographic areas, North America sun care products market accounted for the majority in 2019, followed by Europe. Both North America and Europe had the largest market share of sunscreen products in 2019. But the size of the market has reached a saturation point that is expected to stagnate in the forecast period.
On the other hand, the Asia-Pacific sun care products market is expected to become the fastest growing industry in the global business during the projection period due to increased awareness of sunburn damage among consumers.
Top Leading Company
Hindustan Unilever was at the forefront of sun care management in 2018, taking advantage of the strengths of the Lakme brand, a high-capacity sunscreen solution that has been widely used by consumers over the years.
Key Players
Key players that drive global sun care products market growth include Groupe Clarins, Burt's Bees, Beiersdorf AG, Johnson & Johnson, Shiseido Co. Ltd., Coty Inc., L'oreal, Estee Lauder, Bioderma Laboratories, Unilever and others.