Market Scenario
As per the MRFR reports, the global sun care products market will record a healthy CAGR of over 3.45% during the review timeframe ending in 2027.
Suncare products refer to skincare products that offer protection to the skin. With the emergence of skin problems and allergies due to sun rays, the market is trying its best to launch innovative products which can save the skin from harsh sunburn or problems. Suncare products are the most profitable segment of the skincare product market.
The global sun care products market size has registered enormous growth in the last few years. The market’s growth is mainly attributed to the increasing awareness among people about skin and hair worldwide. As well, governments and organizations’ changing lifestyles and several initiatives are also projected to boost the demand for these products over the forecasted era. On the other hand, the loss in all seasons other than summer and the ban imposed by numerous governments across the globe are likely to impede the market’s growth over the coming years.
The increase in sales of sun care products as the first line of protection for skin and hair from the harmful sun radiation can promote the expansion of the industry. The availability of sunscreen solutions with different SPFs improves convenience for customers, favoring the growth of the market. Suncare products also aid in retaining natural features of hair and skin, while giving protection. The additional benefit of these products can support the rise of the global sun care product market in the analysis period. Rising product awareness and their additional health benefits, a hike in disposable income, and alterations in the lifestyle of people can catalyze the sun care products’ market rise in the analysis period. The expansion of the product portfolio by many marketers can work in favor of the market through the analysis period.
COVID 19 Analysis
As the pandemic has affected many businesses, it affected the business very severely. Many companies are still trying to cope with the losses they have faced. COVID made many businesses suffer because of the loss. Due to the lockdown amendment in many countries, most companies faced many issues as only necessities were allowed in the lockdown period. As the situation is getting better, many companies are trying their best to recover from the losses. The skincare market does not face many losses as cosmetics were also available during the lockdown period. But skincare products market faced a lot due to lockdown; people were not allowed to go out; hence the use of sun care products got minimized, which affected the market growth. The sun care products market share is dependent on the market growth.
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Key Players
Burt’s Bees (the US), Beiersdorf AG (Germany), Bioderma Laboratories (France), Johnson & Johnson (the US), L’Oréal (France), Groupe Clarins (France), Coty Inc. (the US), Shiseido Co. Ltd. (Japan), Unilever (UK), and The Estée Lauder Companies Inc. (the US) are some reputed sun care product players that are operating in the world that are listed by MRFR.
Market Segmentation
Segmentation assessment of the global sunscreen products industry by form, type, distribution channel, and end-use.
The type-based segments of the global sun care product market are after-sun products, sun protection products, and self-tanning care products among others.
Based form-based segments of the global sun care market are gels, creams & lotion, sprays, and powder among others.
The end-use-based segments of the global sun care market are hair care and skincare among others.
The distribution channel-based segments of the sun care products market are non-store-based and store-based. The sub-segments of the store-based segment are convenience stores, supermarkets and hypermarkets, and specialty stores among others.
Regional Study Analysis
In Europe, the increase in popularity of outdoor recreation is creating the demand for skincare products, especially sun care solutions. This event facilitates the expansion of the regional industry throughout the review period. With the resumption of outdoor gaming activities, the increase in the number of sports participants may benefit the European sunscreen products market during the evaluation period. A favorable response to outbound tourism from beach volleyball trends could benefit the EU market. In addition, the increase in I rate of participation in outdoor recreational activities can contribute significantly to the sales of sun care products that can promote the market expansion soon.
In the Middle East and Africa, the sun care products market is likely to be the fastest-growing market due to the climate. The intensive heat in the region can create melanoma and non-melanoma skin cancers if exposed to the scorching sun of the region. The need for prevention from UV radiation can increase sales of sun care products. This can impact the expansion of the regional market. The high rate of adoption of sun care products by athletes and outdoor laborers can support the growth of the market in the years to come. The rise in recommendations for sun care products by dermatologists can also favor the industry. The Saudi Arabian market can thrive as new products are introduced in the market that offers greater efficiency. What’s more, ease of product availability and high shelf visibility of sun care products can favor the regional market.
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