https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
According to Cognitive Market Research, The Global sunscreen market size is USD 12.3 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.60% from 2023 to 2030.
The demand for sunscreen market is rising due to the rise in air pollutants, and the depletion of the ozone layer, all of which can intensify the harm inflicted on the skin.
Demand for sun protection lotion remains higher in the sunscreen market.
The adult category held the highest sunscreen market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific sunscreen market will experience the strongest growth until 2030
Increasing Awareness of Skin Health to Provide Viable Market Output
The growing awareness of skin health. With rising concerns about skin cancer and premature aging due to sun exposure, consumers are becoming more conscious about the importance of sun protection. This awareness is driving the demand for sunscreens as an essential skincare product, not just during outdoor activities but also as a daily routine.
The mCaffeine Company introduced a powder sunscreen to the Indian sunscreen market in July 2022. Alongside the powder sunscreen, the company also released a new sunscreen lotion, featuring caffeine as a main ingredient in both products.
The rising knowledge about harmful UV rays and their impact on skin health, coupled with educational campaigns by healthcare organizations and skincare brands, encourages consumers to incorporate sun protection into their daily regimen. Additionally, the beauty industry's emphasis on youthful and healthy skin further propels the demand for sunscreens, fostering a culture of proactive sun protection.
Innovation in Product Formulations and Technologies to Propel Market Growth
The sunscreen market is the constant innovation in product formulations and technologies. Skincare companies are investing heavily in research and development to create sunscreens that offer advanced protection against a broad spectrum of UV rays. Innovations include the development of reef-safe and eco-friendly formulations, water-resistant sunscreens for outdoor enthusiasts, and sunscreens with anti-pollution properties to combat environmental stressors. Advancements in nanotechnology have led to the creation of lightweight and non-greasy sunscreens, addressing the common consumer complaint about the texture of traditional sunscreens.
Growing Number of Manufacturers Worldwide Drives the Market Growth
Market Dynamics of Sunscreen
Supply Chain Disruptions to Hinder Market Growth
The PA612 and sunscreen markets are the vulnerability of supply chains. Disruptions in the supply of raw materials, packaging components, and active ingredients due to factors like natural disasters, geopolitical tensions, or the ongoing COVID-19 pandemic can severely impact production and distribution. In the PA612 market, which relies on raw materials derived from petrochemical sources, fluctuations in oil prices can disrupt the cost structure, affecting the market
Impact of COVID–19 on the Sunscreen Marke
The COVID-19 pandemic significantly impacted the sunscreen market, causing a shift in consumer behavior and preferences. With increased awareness about health and hygiene, there was a surge in demand for sunscreens offering not only sun protection but also skincare benefits. Consumers became more conscious of the importance of maintaining healthy skin, even while staying indoors, leading to a rise in sales of sunscreens with added skincare ingredients such as antioxidants and moisturizers. However, the market also faced challenges due to disrupted supply chains and temporary closures of retail outlets during lockdowns. Travel restrictions and reduced outdoor activities also affected the demand for travel-sized and sport-specific sunscreens. Introduction of Sunscreen Market
Sunscreen is a product that helps safeguard the skin from the sun's harmful rays and radiation, making it an essential part of skincare and healthcare. The supply side of the global sunscreen market comprises companies that specialize in producing dermatological pharmaceuticals, consumer health items, and personal care products. The growth of this market is driven by the escalating global average temperatures, the rise in air pollutants, and the depletion of the ozone layer, all of which can intensify the harm inflicted on the skin....
https://www.verifiedmarketresearch.com/privacy-policy/https://www.verifiedmarketresearch.com/privacy-policy/
Sunscreen Market size was valued at USD 14.59 Billion in 2023 and is projected to reach USD 19.84 Billion by 2030, growing at a CAGR of 4.5% during the forecast period 2024-2030.Global Sunscreen Market DriversNumerous elements impact the sunscreen market, propelling its expansion and demand. The following are some of the main factors driving the sunscreen market:Increasing Knowledge About Skin Health: The need for sunscreens as a preventive strategy is driven by growing awareness of the detrimental effects of UV radiation on the skin, including sunburn, premature aging, and skin cancer.Increasing Rate of Skin Cancer Cases: Globally, the incidence of skin cancer is on the rise, which raises awareness of the need of sun protection and encourages the use of sunscreen.Shifting Lifestyles of Consumers: Sun protection is becoming more and more important as people's lifestyles change and more of them travel and participate in outdoor activities. Sunscreen is seen as a need for anyone who spends time in the sun.Trends in Beauty and Fashion: The popularity of sunscreens is fueled by the incorporation of sun protection into skincare and cosmetic routines, which is driven by a growing awareness of anti-aging advantages and beauty trends.Increasing Sunscreen Use Frequency: Instead of being thought of as a seasonal or seldom product, sunscreen is now considered a daily necessity. The trend toward sunscreen use all year round supports market expansion.Climate Change and Global Warming: People are becoming increasingly conscious of the need for sun protection as a result of worries about climate change and global warming, which exposes them to longer and more intense sun exposure.New Formulations and Product Innovations: Constant advancements in sunscreen formulations, such as the creation of solutions that are lightweight, non-greasy, and simple to use, draw in customers looking for options that are comfortable and convenient.A Greater Emphasis on UVB and UVA Defense: More and more customers are looking for broad-spectrum sunscreens that offer UVB and UVA protection. The industry is expanding due to consumer demand for all-encompassing sun protection solutions.Influencer and celebrity endorsements on social media: The market for sunscreen is expanding as a result of consumer decisions influenced by social media platforms and celebrity endorsements that raise awareness of sun protection.Trends in Health and Wellbeing: Sunscreens are becoming a regular part of skincare routines as people focus their skin health due to the general trend toward health and wellness.Public health campaigns and government initiatives: Campaigns by the government and public health groups that promote sun safety and the prevention of skin cancer help raise awareness of and encourage the use of sunscreen.Growth of the Travel and Tourism Industry Worldwide: The increase of the tourist and travel business drives up demand for sunscreens among people visiting sunny places, which in turn drives up market share.Growth of E-Commerce: With the growth of e-commerce, sunscreens are now widely available to the public, giving customers a practical option to buy sun protection goods.Impact of Dermatologist Suggestions: Dermatologists' and skincare experts' recommendations help build customer trust in certain sunscreen brands and formulations, which propels market expansion.
For the 52 weeks ended 12 December 2019, Edgewell Personal Care accounted for about 23.7 percent of sun care product sales in the United States. That year, the total sales of the sun care category in multi-outlet in the U.S. was about 1.27 billion U.S. dollars.
https://www.futuremarketinsights.com/privacy-policyhttps://www.futuremarketinsights.com/privacy-policy
By 2025, sun products market valuation is estimated at USD 15.43 billion. Expansion is anticipated to USD 28.96 billion by 2035, reflecting a compound annual growth rate (CAGR) of 6.5% throughout this period. Growth is driven by rising global awareness about skin health.
Metric | Value |
---|---|
Industry Size (2025E) | USD 15.43 billion |
Industry Value (2035F) | USD 28.96 billion |
CAGR (2025 to 2035) | 6.5% |
Country wise Outlook
Country | CAGR (2025 to 2035) |
---|---|
USA | 6.3% |
Country | CAGR (2025 to 2035) |
---|---|
UK | 6.4% |
Region | CAGR (2025 to 2035) |
---|---|
European Union | 6.7% |
Country | CAGR (2025 to 2035) |
---|---|
Japan | 6.6% |
Country | CAGR (2025 to 2035) |
---|---|
South Korea | 6.8% |
Competitive Outlook
Company Name | Estimated Market Share (%) |
---|---|
Shiseido Co., Ltd | 15-20% |
La Roche- Posay | 12-16% |
Coppertone | 10-14% |
Banana Boat | 8-12% |
BullFrog | 6-10% |
Other Companies | 35-45% |
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
The Asia Pacific's Sunscreen market region has emerged as the fastest-growing segment, boasting a remarkable 23% market share.
https://market.us/privacy-policy/https://market.us/privacy-policy/
Sun Care Products Market size is expected to be worth around USD 19.9 Bn by 2033, from USD 13.2 Bn in 2023, growing at a CAGR of 4.2%.
https://www.promarketreports.com/privacy-policyhttps://www.promarketreports.com/privacy-policy
Type:Sun Protection Products: Offer protection from UV rays, primarily sunscreens and sunblocks.After Sun Products: Soothe and hydrate skin after sun exposure, including lotions, serums, and masks.Form:Creams & Lotions: Provide easy application and broad coverage.Gels: Lightweight and non-greasy options, suitable for oily or acne-prone skin.Powder: Convenient and easy to apply for touch-ups or on-the-go protection.Sprays: Offer quick and even coverage, ideal for large areas or hard-to-reach spots.End-Use:Skin Care: Primary use for sun protection and skin health maintenance.Hair Care: Protection for the scalp and hair from UV damage.Distribution Channel:Store: Retail stores, including department stores, drugstores, and supermarkets.Non-Store: Online platforms, direct-to-consumer sales, and beauty salons. Recent developments include: August 2019: Beiersdorf purchased the Coppertone sun care line. Beiersdorf's leadership position as a sun protection expert is strengthened by this acquisition. Beiersdorf enters the US sun care sector and grows its operations in North America, thanks to Coppertone's strong position in the region., August 2019: KINeSYS Performance Sunscreen collaborated with rock climbers Tommy Caldwell and Kevin Jorgeson from Australia. These two athletes are well-known rock climbers as well as motivational speakers. They will be promoting KINeSYS sunscreen products in Australia.. Key drivers for this market are: INCREASING CONSUMPTION OF COFFEE IN ASIA-PACIFIC 33, RISING USE OF CAPSULE COFFEE MACHINES 34. Notable trends are: Growing demand for organic and natural care products to boost the Sun Care Products market growth.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Sun Care Products Market report segments the industry into Type (Self-tanning Products, After-sun Products, Sun Protection Products), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail Store, Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, Middle-East and Africa). Get five years of historical data as well as market forecasts for the next five years.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
According to Cognitive Market Research, the global tinted sunscreen market size is USD 1254.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 501.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 376.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 288.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 62.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 25.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The SPF 15 to SPF 29 held the highest tinted sunscreen market revenue share in 2024.
Market Dynamics of Tinted Sunscreen Market
Key Drivers for Tinted Sunscreen Market
Increased Consumer Penetration & Consumption of Multifunctional Skincare to Increase the Demand Globally
The tinted sunscreen market is experiencing growth due to increased consumer demand for multifunctional skincare products. Tinted sunscreens offer sun protection while providing cosmetic benefits like evening out skin tone and acting as a light foundation. This dual functionality appeals to consumers seeking simplified beauty routines. The trend towards minimalism in skincare, driven by busy lifestyles and the desire for efficient products, further boosts the market. Additionally, rising awareness about the harmful effects of UV radiation and the importance of daily sun protection contributes to the increased penetration and consumption of tinted sunscreens.
Expanding Research & Development Activities in the Skincare to Propel Market Growth
The tinted sunscreen market is witnessing growth due to expanding research and development activities in skincare. Innovations focus on enhancing product formulations to provide better protection against UV rays while offering cosmetic benefits like skin tone enhancement. Advances in ingredients and technology aim to improve sunscreen efficacy, texture, and user experience. Additionally, R&D efforts are addressing consumer demand for multifunctional products that combine sun protection with skincare benefits, driving the popularity of tinted sunscreens as they cater to both sun protection and cosmetic needs in one application.
Restraint Factor for the Tinted Sunscreen Market
High Cost of Product to Limit the Sales
The high cost of tinted sunscreens restrains market growth due to several factors. These products often contain premium ingredients for effective sun protection and skin benefits, driving up manufacturing costs. Additionally, specialized formulations and pigmentation processes add to production expenses. As a result, consumers might opt for more affordable alternatives, limiting market penetration. This price sensitivity is particularly significant in cost-conscious regions, where budget constraints hinder the adoption of higher-priced products, ultimately curbing the overall market expansion despite growing awareness of skincare benefits.
Impact of Covid-19 on the Tinted Sunscreen Market
The tinted sunscreen market experienced significant growth during the COVID-19 pandemic as consumers sought multifunctional skincare products for home use. The shift towards minimalistic beauty routines and increased screen time heightened the demand for products offering protection against UV rays and blue light. The pandemic's emphasis on health and wellness also boosted awareness and adoption of sunscreens with added skincare benefits. Despite initial supply chain disruptions, the market adapted quickly, benefiting from the e-commerce boom and sustained interest in self-care products. Introduction of the Tinted Sunscreen Market
Tinted sunscreen is a skincare product that combines sun protection with a slight tint to provide coverage, even skin tone, and protect against UV rays and blue light. The tinted sunscreen market is growing due to increasing awareness of the harmful effe...
https://www.futuremarketinsights.com/privacy-policyhttps://www.futuremarketinsights.com/privacy-policy
The global mineral sunscreen market size is poised to reach a valuation of US$ 2,441.0 million by 2033. The mineral sunscreen market is expected to expand at a CAGR of 5.2% through 2033 and reach a valuation of US$ 1,470.3 million by 2033.
Report Attributes | Details |
---|---|
Mineral Sunscreen Market Size, 2022 | US$ 1,403.0 million |
Mineral Sunscreen Market Size, 2023 | US$ 1,470.3 million |
Mineral Sunscreen Market Size, 2033 | US$ 2,441.0 million |
Historical Sales Analysis vs. Demand Outlook
Attributes | Details |
---|---|
Mineral Sunscreen Market Size (2018) | US$ 1,145.5 million |
Mineral Sunscreen Market Size (2022) | US$ 1,403.0 million |
Category-wise Insights
Top Skin Type | Dry |
---|---|
Market Share (2023) | 26.99% |
Top Sales Channel | Direct Sales |
---|---|
Market Share (2023) | 8.66% |
Country-wise Insights
Countries | Market Share (2023) |
---|---|
Canada | 4.3% |
Germany | 4.4% |
India | 4.5% |
China | 6.1% |
Australia | 2% |
This statistic shows the forecasted market value of sunscreen cream worldwide in 2019 and 2024. Sunscreens are being increasingly used in beauty products. The global sunscreen cream market size amounted to about 8.5 billion U.S. dollars in 2019, and was forecast to reach over 10.7 billion U.S dollars by 2024.
https://dataintelo.com/privacy-and-policyhttps://dataintelo.com/privacy-and-policy
The natural and organic sunscreen market size was valued at approximately USD 1.5 billion in 2023 and is expected to grow to USD 3.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.5% during the forecast period. This rapid growth is driven by increasing consumer awareness of the harmful effects of chemical ingredients in conventional sunscreens and a rising preference for eco-friendly and skin-safe products.
One of the primary growth factors behind the surge in the natural and organic sunscreen market is the growing consumer awareness about the adverse environmental and health impacts of traditional sunscreens. Many chemical-based sunscreens contain ingredients like oxybenzone and octinoxate, which are known to cause coral bleaching and disrupt marine ecosystems. This has led to a growing demand for eco-friendly, reef-safe sunscreens that utilize natural and organic ingredients such as zinc oxide and titanium dioxide, which are recognized as safe and effective by regulatory bodies.
Another significant growth driver is the rising preference for products with clean, non-toxic, and natural formulations. Consumers are increasingly scrutinizing product labels and opting for sunscreens that are free from synthetic fragrances, parabens, phthalates, and other harmful chemicals. This shift towards clean beauty is not only driven by health-conscious individuals but also by parents who are increasingly concerned about the safety of the products used on their children. This has spurred demand for natural and organic sunscreens marketed specifically for children, ensuring gentle yet effective sun protection.
The rapid growth of e-commerce and online retail platforms has also played a crucial role in expanding the natural and organic sunscreen market. Online stores offer consumers the convenience of accessing a wide range of products from different brands, along with detailed ingredient lists, customer reviews, and expert opinions. This accessibility and transparency have empowered consumers to make informed purchasing decisions, further driving the market growth. Additionally, the influence of social media, beauty influencers, and dermatologists advocating for natural sun protection has significantly boosted market demand.
Regionally, North America holds the largest market share for natural and organic sunscreens, driven by high consumer awareness and stringent regulations regarding sunscreen formulations. Europe follows closely, with growing environmental concerns and a strong inclination towards clean beauty products. The Asia Pacific region is witnessing robust growth due to increasing disposable incomes, urbanization, and rising awareness about skincare and sun protection. Latin America and the Middle East & Africa, while smaller markets, are also showing promising growth potential as awareness and availability of natural products increase.
The natural and organic sunscreen market is segmented into various product types, including cream, lotion, gel, spray, stick, and others. Cream and lotion-based sunscreens hold a significant share of the market due to their widespread acceptance and ease of application. These formats are particularly favored for their moisturizing properties, which make them suitable for daily use on the face and body. Cream sunscreens often contain additional nourishing ingredients like aloe vera, shea butter, and essential oils, enhancing their appeal to consumers looking for multi-functional skincare products.
Lotions, similar to creams, are widely used and appreciated for their lightweight texture and ease of absorption. They are popular among consumers who prefer a non-greasy feel and are ideal for everyday use. The lotion format also provides an excellent base for adding natural antioxidants and vitamins, offering added skin benefits beyond sun protection. The availability of lotion sunscreens in various SPF ranges further caters to diverse consumer needs, from daily minimal sun exposure to intense outdoor activities.
Gel-based sunscreens are gaining traction, especially among consumers with oily or acne-prone skin. Gels offer a cooling effect and are quickly absorbed without leaving a sticky residue, making them suitable for hot and humid climates. The transparency of gel formulations also appeals to individuals who prefer a natural look without the white cast that some mineral sunscreens can leave behind. This segment is expected to see continued growth as formulations improve and more brands enter the market.&l
https://www.marketresearchintellect.com/privacy-policyhttps://www.marketresearchintellect.com/privacy-policy
The size and share of this market is categorized based on Product (Daily Sun Protection, Outdoor Activities, Sports, Anti-aging) and Application (SPF 30-50 Sunscreens, SPF 50+ Sunscreens, Mineral Sunscreens, Chemical Sunscreens) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).
https://www.emergenresearch.com/purpose-of-privacy-policyhttps://www.emergenresearch.com/purpose-of-privacy-policy
Analyze the market segmentation of the Sun Protection industry. Gain insights into market share distribution with a detailed breakdown of key segments and their growth.
https://www.marketresearchintellect.com/privacy-policyhttps://www.marketresearchintellect.com/privacy-policy
The size and share of this market is categorized based on Application (Sun Protection, Daily Skincare, Outdoor Activities, Sensitive Skin Care) and Product (Zinc Oxide Sunscreens, Titanium Dioxide Sunscreens, Combination Mineral Sunscreens) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).
https://www.futuremarketinsights.com/privacy-policyhttps://www.futuremarketinsights.com/privacy-policy
The ceramide sunscreen market offers significant opportunities for industry participants, with substantial growth anticipated in the foreseeable future. Projections indicate that the market is poised to reach a valuation of USD 1.5 billion by 2024, with further expansion expected to propel its value to USD 3.3 billion by 2034.
Attributes | Description |
---|---|
Estimated Global Ceramide Sunscreen Market Size (2024E) | USD 1.5 billion |
Projected Global Ceramide Sunscreen Industry Value (2034F) | USD 3.3 billion |
Value-based CAGR (2024 to 2034) | 8.1% |
Country-wise Insights
Countries | CAGR 2024 to 2034 |
---|---|
The United States | 4% |
The United Kingdom | 3.8% |
Japan | 9.7% |
China | 7.7% |
India | 10.1% |
Category-wise Insights
Segment | Medium SPF (30 to 50) (Sun Protection Factor) |
---|---|
Value Share (2024) | 43.7% |
Segment | Neck and Body Creams (Application) |
---|---|
Value Share (2024) | 53.6% |
https://www.marketresearchintellect.com/privacy-policyhttps://www.marketresearchintellect.com/privacy-policy
The size and share of this market is categorized based on Application (Outdoor Sports, Beach Activities, Summer Sports, Daily Use) and Product (Sunscreen, Sunblock, After-Sun Lotion, Sun Protection Clothing, Lip Balm) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).
https://www.valuemarketresearch.com/privacy-policyhttps://www.valuemarketresearch.com/privacy-policy
Global Ceramide Sunscreen Market is poised for a significant growth, with market size projected to surge from USD 2.01 Billion in 2024 to USD 4.09 Billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 8.22% during the forecast period.
CERAMIDE SUNSCREEN MARKET SIZE AND FORECAST 2025 TO 2033
Ceramide sunscreen is a specialized skincare product that combines the protective p
https://dataintelo.com/privacy-and-policyhttps://dataintelo.com/privacy-and-policy
The global sunscreen sales market is expected to grow at a CAGR of 5.5% from 2022 to 2030. The sun spray segment is expected to be the fastest-growing segment during the forecast period, owing to its easy application and portability. The sun protection lotion segment is also expected to grow at a healthy rate during the forecast period, as it offers broad-spectrum protection from UVA and UVB rays. By application, the infant segment is projected to be the fastest-growing segment during the forecast period, followed by the children and adults segments.
Sunscreen sales are defined as the total sales of Sunscreen Products in a given period. Sunscreen is important because it helps protect skin from the sun's harmful UV rays, which can cause skin cancer.
Sun Spray is a type of sunscreen that is applied to the skin by spraying it. The primary factor responsible for this growth is increasing awareness among consumers regarding the harmful effects of ultraviolet rays on the skin, which can cause skin cancer. This has prompted consumers to buy more Sun Protection Products such as sunscreen, which blocks UV rays from reaching skin tissue. Sunscreen has become a necessity these days due to rising concerns about premature aging.
Sun protection lotions are usually lightweight moisturizers that offer broad-spectrum UVA & UVB sunscreen with a high SPF. They have higher concentrations of antioxidants and retinoids than most other sunscreens, which is one of the reasons why it's recommended by dermatologists as well as the American Academy of Dermatology to use sun protection products every day, even on cloudy days.
The adult segment accounted for more than 70% of the global sunscreen sales in 2021. Rising awareness regarding skin cancer and the increasing number of working-class professionals are expected to drive the demand for sun protection lotions among adults. The infant application segment is expected to witness growth at a CAGR of XX% from 2022 to 2030, in terms of revenue owing to high adoption rates across various regions including the Asia Pacific and Middle East & Africa.
Infant application is anticipated to witness significant growth over the forecast period due primarily to rising awareness about UV radiation effects on infants' skin as well as growing concerns regarding baby's health & safety during the summer season when most babies spend most of their day outdoors playing near dunes or swimming poolsides which increases their risk factor for Skin Cancer (melanoma & basil cell).
The Asia Pacific dominated the global sunscreen sales in 2021, accounting for over 40% of the global revenue share. The region is expected to witness significant growth on account of increasing penetration of sun protection lotions and sprays among middle-class income groups in countries such as China, India, Indonesia, and Thailand. Furthermore, growing awareness regarding skin cancer along with rising disposable income levels will drive demand for these products over the forecast period.
North America accounted for a market share exceeding 20% in 2021 owing to high consumer awareness coupled with government regulations mandating the usage of sun protection measures such as protective clothing and visors while driving vehicles that are parked under direct sunlight or during other times when exposure would cause damage to human skin cells (solar radiation). These factors are anticipated to boost regional demand over the forecast period.
https://www.futuremarketinsights.com/privacy-policyhttps://www.futuremarketinsights.com/privacy-policy
The tinted Sunscreen market is anticipated to record a CAGR of 4.5% during the forecast period. It is expected the market value will go up from US$ 930 Mn in 2021 to reach a valuation of US$ 1.67 Bn by 2032.
Report Attributes | Details |
---|---|
Tinted Sunscreen Market Estimated Base Year Value (2021) | US$ 930 Million |
Tinted Sunscreen Market Value in 2022 | US$ 980 Million |
Tinted Sunscreen Market CAGR 2022 to 2032 | 4.5% |
Anticipated Tinted Sunscreen Market Value (2032) | US$ 1.67 Billion |
Report Scope
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 4.5% from 2022 to 2032 |
Base Year of Estimation | 2021 |
Historical Data | 2014 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Product Type, Form Type, SPF Type, Source, Sales Channel, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
Key Companies Profiled | Johnson & Johnson Consumer Inc.; Australian Gold LLC, Sweetsation Therapy; Pierre Fabre Dermo-Cosmetique USA, Inc.; Coola Suncare LLC; Tizo Company; Tarte Cosmetics, Unilever; First Aid Beauty Ltd.; Boscia, LLC; Algenist Brands LLC; Colorescience, Inc.; MD SolarSciences Corporation; L'Oréal S.A.; MyChelle Dermaceuticals, LLC; SkinMedica Inc.; Galderma Laboratories, L.P.; Suntegrity Skincare Company |
Customization scope | Available Upon Request |
Pricing and Purchase Option | Avail Customized purchase options to meet your exact research needs. |
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
According to Cognitive Market Research, The Global sunscreen market size is USD 12.3 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.60% from 2023 to 2030.
The demand for sunscreen market is rising due to the rise in air pollutants, and the depletion of the ozone layer, all of which can intensify the harm inflicted on the skin.
Demand for sun protection lotion remains higher in the sunscreen market.
The adult category held the highest sunscreen market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific sunscreen market will experience the strongest growth until 2030
Increasing Awareness of Skin Health to Provide Viable Market Output
The growing awareness of skin health. With rising concerns about skin cancer and premature aging due to sun exposure, consumers are becoming more conscious about the importance of sun protection. This awareness is driving the demand for sunscreens as an essential skincare product, not just during outdoor activities but also as a daily routine.
The mCaffeine Company introduced a powder sunscreen to the Indian sunscreen market in July 2022. Alongside the powder sunscreen, the company also released a new sunscreen lotion, featuring caffeine as a main ingredient in both products.
The rising knowledge about harmful UV rays and their impact on skin health, coupled with educational campaigns by healthcare organizations and skincare brands, encourages consumers to incorporate sun protection into their daily regimen. Additionally, the beauty industry's emphasis on youthful and healthy skin further propels the demand for sunscreens, fostering a culture of proactive sun protection.
Innovation in Product Formulations and Technologies to Propel Market Growth
The sunscreen market is the constant innovation in product formulations and technologies. Skincare companies are investing heavily in research and development to create sunscreens that offer advanced protection against a broad spectrum of UV rays. Innovations include the development of reef-safe and eco-friendly formulations, water-resistant sunscreens for outdoor enthusiasts, and sunscreens with anti-pollution properties to combat environmental stressors. Advancements in nanotechnology have led to the creation of lightweight and non-greasy sunscreens, addressing the common consumer complaint about the texture of traditional sunscreens.
Growing Number of Manufacturers Worldwide Drives the Market Growth
Market Dynamics of Sunscreen
Supply Chain Disruptions to Hinder Market Growth
The PA612 and sunscreen markets are the vulnerability of supply chains. Disruptions in the supply of raw materials, packaging components, and active ingredients due to factors like natural disasters, geopolitical tensions, or the ongoing COVID-19 pandemic can severely impact production and distribution. In the PA612 market, which relies on raw materials derived from petrochemical sources, fluctuations in oil prices can disrupt the cost structure, affecting the market
Impact of COVID–19 on the Sunscreen Marke
The COVID-19 pandemic significantly impacted the sunscreen market, causing a shift in consumer behavior and preferences. With increased awareness about health and hygiene, there was a surge in demand for sunscreens offering not only sun protection but also skincare benefits. Consumers became more conscious of the importance of maintaining healthy skin, even while staying indoors, leading to a rise in sales of sunscreens with added skincare ingredients such as antioxidants and moisturizers. However, the market also faced challenges due to disrupted supply chains and temporary closures of retail outlets during lockdowns. Travel restrictions and reduced outdoor activities also affected the demand for travel-sized and sport-specific sunscreens. Introduction of Sunscreen Market
Sunscreen is a product that helps safeguard the skin from the sun's harmful rays and radiation, making it an essential part of skincare and healthcare. The supply side of the global sunscreen market comprises companies that specialize in producing dermatological pharmaceuticals, consumer health items, and personal care products. The growth of this market is driven by the escalating global average temperatures, the rise in air pollutants, and the depletion of the ozone layer, all of which can intensify the harm inflicted on the skin....