What is Global Suncare Products Market?
The Global Suncare Products Market is a vast and dynamic sector that encompasses a wide range of products designed to protect and nourish the skin from the harmful effects of the sun. These products are not just limited to sunscreens, but also include after-sun products and self-tanning products. The market is driven by the increasing awareness about the harmful effects of UV rays on the skin and the rising demand for skin care products worldwide. The market is also influenced by the changing lifestyle and increasing disposable income of consumers, which is leading to a higher spending on personal care products. However, the market also faces challenges such as stringent regulations regarding the ingredients used in suncare products and the high cost of these products. Despite these challenges, the market is expected to grow in the coming years due to the introduction of innovative products and the increasing demand from emerging economies.
Sun Protection Products, After-Sun Products, Self-Tanning Products in the Global Suncare Products Market:
Sun Protection Products, After-Sun Products, and Self-Tanning Products are the three main categories of products in the Global Suncare Products Market. Sun Protection Products are designed to protect the skin from the harmful UV rays of the sun. They include products such as sunscreens, sunblocks, and sun protection lotions. After-Sun Products are used after exposure to the sun to soothe and moisturize the skin. They include products such as after-sun lotions, gels, and creams. Self-Tanning Products are used to give the skin a tanned look without exposure to the sun. They include products such as self-tanning lotions, sprays, and wipes. These products are gaining popularity due to the increasing awareness about the harmful effects of sun exposure and the desire to have a tanned look without damaging the skin.
General People, Children and Pregnant Women in the Global Suncare Products Market:
The Global Suncare Products Market caters to a wide range of consumers including general people, children, and pregnant women. General people are the largest consumer group for suncare products. They use these products to protect their skin from the harmful effects of the sun and to maintain a healthy and youthful appearance. Children are also a significant consumer group for suncare products. Parents are increasingly aware of the need to protect their children's skin from the harmful effects of the sun and are therefore buying suncare products for their children. Pregnant women are another important consumer group for suncare products. During pregnancy, the skin becomes more sensitive and prone to sunburn and other sun-related skin problems. Therefore, pregnant women need to use suncare products to protect their skin.
Global Suncare Products Market Outlook:
The Global Suncare Products Market is a rapidly growing sector. In 2022, the market was valued at US$ 5921.3 million. This value is expected to increase significantly in the coming years. By 2029, the market is anticipated to reach a value of US$ 9112.4 million. This represents a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period from 2023 to 2029. This growth is driven by several factors such as the increasing awareness about the harmful effects of UV rays on the skin, the rising demand for skin care products worldwide, and the changing lifestyle and increasing disposable income of consumers. However, the market also faces challenges such as stringent regulations regarding the ingredients used in suncare products and the high cost of these products. Despite these challenges, the market is expected to grow in the coming years due to the introduction of innovative products and the increasing demand from emerging economies.
| Report Metric | Details |
| Report Name | Suncare Products Market |
| Accounted market size in 2022 | US$ 5921.3 in million |
| Forecasted market size in 2029 | US$ 9112.4 million |
| CAGR | 5.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Johnson & Johnson, L'Oreal, Proctor & Gamble, Unilever, Shiseido, Estee Lauder, Beiersdorf, Avon Products, Clarins Group, Coty, Lotus Herbals, Amway, Edgewell Personal Care |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
