Sun Care Products Global Market to Reach $23.2 Billion by 2030: Innovations Fuel Growth in Suncare Products Market


Dublin, March 14, 2023 (GLOBE NEWSWIRE) -- The "Sun Care Products: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Sun Care Products estimated at US$11.9 Billion in the year 2022, is projected to reach a revised size of US$23.2 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2022-2030.

Sun-Care Products, one of the segments analyzed in the report, is projected to record 9.2% CAGR and reach US$19.1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the After Sun Products segment is readjusted to a revised 6.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 13.5% CAGR

The Sun Care Products market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2030 trailing a CAGR of 13.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 7.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.

Select Competitors (Total 12 Featured) -

  • Avon Products Inc.
  • Bayer Healthcare
  • Beiersdorf AG
  • Blistex Inc.
  • Clarins Group
  • Edgewell Personal Care Company
  • Johnson & Johnson
  • L`Oreal S.A
  • Neutrogena Corporation
  • Shiseido Co. Ltd.
  • The Estee Lauder Companies Inc.
  • Walgreens Boots Alliance

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages258
Forecast Period2020 - 2027
Estimated Market Value (USD) in 2020$10.7 Billion
Forecasted Market Value (USD) by 2027$18 Billion
Compound Annual Growth Rate7.7%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Industry to Shine with Brighter Prospects
  • Recent Market Activity
  • Current & Future Analysis
  • Growth Drivers in a Nutshell
  • Challenges in a Nutshell
  • Developing Countries Drive Future Market Growth
  • Sunscreens and Skin Cancer
  • Consumer Awareness: Key to Demand for Sun Care Products
  • Value Added Features Drive Sales
  • Demand for Youthful Appearence Add to Market Opportunities
  • Competition
  • Leading Players
  • Manufacturers Devise Distinct Strategies
  • Sun Care Products - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Innovations Fuel Growth in Suncare Products Market
  • Demand for Stronger Sunscreens Ups the Demand for Ingredients
  • Novel Ingredients - A Prime Focus Area in Corporate R&D Agenda
  • Sustainability Emerges as a Buzzword in Sun Care Products Market
  • Demand for Natural Sun Screens Picks Up
  • Preference for Organic Products on Rise
  • Multi-Functional Products - A Crossover Segment Gaining Popularity
  • Sun Protection Factor (SPF) in Skin Care Products
  • Self-Tanning Products Witness Strong Demand
  • Industry Witnesses Growing Penetration of Nano Particles in Sun Care Products
  • Sunscreens for Sensitive Skin - An Emerging Niche
  • Sun Care Products for Kids - A High Growth Avenue
  • Smart Devices and Wearables to Determine Sun Exposure Drive Opportunities
  • Anti-Pollution Sunscreens Gain Entry
  • Research-Backed Ingredients: Key to Success in the Marketplace
  • Market Witnesses Evolution of Edible Sunscreens
  • Lotion Pumps for Sun Care Products Witness Rapid Uptake
  • Stem Cell Technology: The New Frontier
  • Sunscreens with High SPF under Question Even as their Demand Increases

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/h698df

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Global Market for Sun Care Products

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