Global Sunscreen Cosmetics Market- Description
Sunscreen cosmetics are referred to as the types of photo protective topical products that are applied to on the skin to protect it from the harmful effects of sunrays. It mostly absorbs the toxic UV rays and prevent sunburns and other skin conditions. They are also known to reduce the chances of skin cancer by shielding the skin from UVA and UVB radiations. These cosmetics come in the form of cream, gel, lotions, and wipes, among others. In fact, many of the cosmetics and beauty based products such as foundation, compact, concealer, and lipstick, among others are being induced with sun protecting properties.
Global Sunscreen Cosmetics Market- Overview
The global sunscreen cosmetics market is predicted to attain a valuation of USD 3 billion in 2030 from USD 1.7 billion in 2020. The industry, fueled by various growth inducing factors will further expand with a CAGR of 5.6% over 2022-2030.
The increasing prevalence of skin ailments caused by excessive sun exposure along with growing health and appearance consciousness of the masses are primarily augmenting the outlook of this business vertical.
Also, growing R&D activities in the field, increasing income levels of the masses, and surging technological innovations in the field are adding momentum to the progression of this marketplace.
Moreover, the booming cosmetics sector, increasing pollution levels, and surging efforts of industry players to develop highly efficient products in the field are creating lucrative opportunities for the business sphere to prosper.
On the contrary, fluctuating prices of sunscreen based cosmetics along with the growing occurrences of skin allergies are hindering the remuneration scope of this industry vertical.
Global Sunscreen Cosmetics Market- Key trends
Beneficial characteristics of sunscreen cosmetics is escalating their demand
Sun screen based cosmetics are equipped with numerous beneficial properties. Their ability to absorb harmful UV radiation from sun rays prevents deadly ailments like skin cancer. Moreover, they also reduce signs of aging and damage caused by excessive exposure to the sun. These factors are adding traction to the development of this industry sphere.
Rising adoption of organic sunscreens to bolster market growth
There has been an elevating demand for organic sunscreen based cosmetics across the globe. This is predominantly powered by the growing health and environment consciousness of the masses. Moreover, increasing trends of veganism has further increased the adoption or organic sunscreens. Therefore, industry players are emphasizing on to developing and launching sunscreen based cosmetics made of natural and eco-friendly ingredients. This in turn is stimulating the overall dynamics of this market vertical.
Global Sunscreen Cosmetics Market- Segmental assessment
By Form
• Cream
• Gel
• Lotion
• Liquid
• Sprays
• Lip Balm
• Wipes
By SPF
• SPF 6-14
• SPF 15-29
• SPF 30-50
• SPF 50+
By Sports type
• Extreme Outdoor
• Baseball
• Swimming
• Others
The extreme outdoor segment is slated to generate significant returns by 2030 as individuals playing extreme outdoor sports need effective sun protection.
By Price
• High/Premium
• Medium
• Low
The medium segment is poised to amass notable gains owing to their affordability.
Global Sunscreen Cosmetics Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is reckoned to lead the market in terms of revenue share over the forecast duration of 2022-2030. This is ascribed to the growing beauty and health consciousness of the masses, increasing per capita income levels, along with the rapidly evolving cosmetics and personal care industry in the region.
Global Sunscreen Cosmetics Market- Competitive hierarchy
The prominent players characterizing the competitive terrain of this market vertical are Johnson & Johnson, L’Oreal, Unilever, Proctor & Gamble, Beiersdorf, Revlon, Shiseido, Estee Lauder, Clarins Group, Kao Corporation, Pierre Fabre Dermo-Cosmetique, Kanebo Cosmetics, Origins Natural Resources, and Chanel International B.V.
Notably, in August 2019, Beiersdorf announced the acquisition of sun care brand Coppertone to strengthen its global position as a sun protection expert.
Report scope
Global Sunscreen Cosmetics Market: Historical Years- 2018-2021
Global Sunscreen Cosmetics Market: Forecast Years- 2022-2030
Global Sunscreen Cosmetics Market 2020- USD 1.7 billion
Global Sunscreen Cosmetics Market CAGR- 5.6%
Global Sunscreen Cosmetics Market 2030- USD 3 billion
Key segments covered-
• By Form (Cream, Gel, Lotion, Liquid, Sprays, Lip Balm, and Wipes)
• By SPF (SPF 6-14, SPF 15-29, SPF 30-50, and SPF 50+)
• By Sports type (Extreme Outdoor, Baseball, Swimming, and Others)
• By Price (High/Premium, Medium, and Low)
Major regions and countries reported-
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Argentina, and Colombia)
• Europe (Germany, U.K., France, Italy, Spain, and Russia)
• Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
• Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Johnson & Johnson, L’Oreal, Unilever, Proctor & Gamble, Beiersdorf, Revlon, Shiseido, Estee Lauder, Clarins Group, Kao Corporation, Pierre Fabre Dermo-Cosmetique, Kanebo Cosmetics, Origins Natural Resources, and Chanel International B.V.
Reasons to Get this Report:
The analysis covers global market and its advancements across different industry verticals as well as regions. It targets estimating the current market size and growth potential of the global market across sections such as also application and representatives.
In an insight outlook, this research report has dedicated to several quantities of analysis – industry research (global industry trends) and global market share analysis of high players, along with company profiles, and which collectively include about the fundamental opinions regarding the market landscape; emerging and high-growth sections of global market; high-growth regions; and market drivers, restraints, and also market chances.
Additionally, the analysis also has a comprehensive review of the crucial players on the global market together side their company profiles, SWOT analysis, latest advancements, and business plans.
