An Incisive, In-depth Analysis on the Mineral Sunscreen Market
This study offers a comprehensive, 360 degree analysis on the Mineral Sunscreen market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Mineral Sunscreen market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Global Mineral Sunscreen Market: Key Takeaways and Outlook
- Global mineral sunscreen market to register a CAGR of over 5% between 2020 and 2030
- Mineral sunscreen to lead the way as they act with immediacy against their chemical counterparts
- Europe and North America to lead as regions boast travellers by the beach
- Increasing number of outdoor sporting activities to ensure mineral sunscreen has an excellent revenue stream
- Tinted sunscreen that double up as light complexion cream to present unique opportunities
Effective Messaging through Advertisements Shifts Pushes User from Chemical to Mineral Sunscreen
Advertised and understood as the most critical component of beauty regime, sunscreen has become a part of every vanity kit. The sudden rise in importance of sunscreen is attributable to the growing awareness about the exposure to UV rays.
Depletion of ozone layer has led to penetration of unfiltered sunrays causing premature aging and appearance of sun spots. In worst case scenarios, prolonged exposure to UV rays of the sun can lead to severe skin damage and cancer. This has caused a monumental surge in the demand for sunscreen.
Part of the same category, mineral sunscreen is an effective remedy to chemical ones. The biggest difference between the two is that mineral sunscreen sits on the skin surface to block harmful rays, while chemical one converts the penetrated UV rays into heat, releasing it from the skin.
The basic difference has been the turning point for mineral sunscreen to make humungous sales in the past few years. The recent realization about harmful effects of ingredients such as avobenzone and oxybenzoe used in the production of chemical-based sunscreens has upped the demand for mineral-based one. In the light of these factors, the global mineral sunscreen market is projected to show an incremental opportunity of US$ 1.8 Bn by the end of 2030.
Influx of Luxury and Local Brands Present Multiple Buying Options to Various Consumers
Like most cosmetics, the mineral sunscreen market is also benefitting from the strong presence of brands in the market. A wide range of product availability has given consumers a plethora of choices with varying ingredients to pick from.
Mineral sunscreens, manufactured to suit the needs of differing skin types, are projected to bode well for the market. From luxury brands to generic drugstore brands, the market is filled with products ranging from high to low prices.
Brands offering organic skin care have truly made a remarkable sale in the market as they promise a chemical-free treatment to the skin. The strengthening trend of organic skin care is expected to fuel the demand for mineral sunscreen and customers look for healthy skincare routines for long-term benefits.
The industry has a large number of players operating in the global mineral sunscreen market. However, the revenue volatility is quite consistent across all regions as due to relatively low entry barrier, which allows local players to eat into revenue share of established ones. Furthermore, influx of counterfeit products also chips away revenue avenues.
Capital intensiveness and consistency in demand is projected to remain the same across all regions. However, only across Europe, the demand is higher the region is higher awareness about skin care and has more inflow of tourists.
The scope of differentiation has been high for all regions as manufacturers are constantly trying to develop products that are suit the needs of population specific to certain weather conditions. From adding various fruit and flower extracts to wide range of SPF, the scope of differentiation for products is relatively high.
The competitiveness is quite high as the number of players continue to increase with every passing year due to medium barrier to entry. Furthermore, navigable regulatory complexity across most regions is expected to add to the competitiveness as it allows easy entry for new players.
Despite the ups and downs, the overall attractiveness of the global mineral sunscreen market is exceptionally high across North America, Latin America, Europe, South Asia and Pacific, and the Middle East and Africa as the influencers voicing the importance of wearing sunscreens remain all pervasive to communities and cultures.
Increasing Participation in Outdoor Activities Remains Key Driver for Mineral Sunscreens
One of the key reasons that is has spiked the demand for mineral sunscreen is the growing number of outdoor activities. Increasing participation in sports, hiking, and leisure activities has increased the demand for sunscreen as protecting the skin is important.
Higher awareness and better diagnostics about health risks associated with prolonged exposure to sun have upped the sale of sunscreen while being outdoors. According to Skin Cancer Foundation, about 90% of non-melanoma skin cancers are related to UV radiation from the sun.
As more and more number of end users become aware of this peril of prolonged exposure, they are likely to invest in good quality of sunscreens. Sunscreens between SPF 15-SPF 30 are expected to do well in the forecast period as they are manufactured to protect against 97% of UVB rays.
Studies suggest that one ounce of sunscreen of SPF 30 is an excellent protection from the harmful sunrays while being outdoors.
Broad Spectrum Protection Option Wins the Day
The demand for mineral sunscreen is especially high amongst pregnant women and young children. Its chemical-free production has made it an apt option for sensitive skin and for pregnant women who go through a precarious phase that demands extra caution.
Similarly, as its free of harmful chemicals and other hard substances, it is a preferred sun protection cream for young kids as it does not irritate the skin. Furthermore, it works immediately as opposed to chemical sunscreen that take about 20-30 minutes to act after application.
In some cases, chemical sunscreen irritates the skin, leading to acne. These salient features are expected to promote the sales for mineral sunscreen and make it a go-to option amongst dermatologists for prescription.
The market for global mineral sunscreen is also on an upward trend as it offers a broad spectrum protection exactly like its chemical counterpart. Protection from UVB, which leads to sunburns and UVA, which causes premature aging has upped the demand for this safe choice of skincare product in recent years.
Influencers, Generation Z, and Beauty Trends Define Grounds of Success for Mineral Sunscreens
Sunscreen, as a part of beauty regimen and cosmetics, are gaining popularity largely due to growing number of social media influencers who are advertising, reviewing, and promoting products. Increasing fan following of influencers and their loyal fan base has helped certain products gain traction in recent years.
A huge pool of Generation Z and Millennials have also contributed to the increasing demand for mineral sunscreens. Participation in outdoor activities by these age groups and tremendous awareness about ill effects of harmful sunrays have helped the market see explosion of sales.
Rise of travel and tourism, especially to beach locations have also created a massive demand for mineral sunscreen in recent years. As growing number of people belonging to Generation Z take a gap year to travel, participate in volunteer activities, and pursue sports, they inadvertently end up spending on mineral sunscreen, which is an unavoidable beauty product.
Global Mineral Sunscreen Market: Regional Analysis
North America and Europe hold a lion’s share in the global market for mineral sunscreen. The regions have a first-mover’s advantage as sunscreen is predominantly a western product.
Increasing number of travellers, higher awareness about skin cancer, beauty regimens that have crossed over a generation, and wide range of products on constantly display have all added this to mammoth market share.
Future Market Insights predicts that South Asia and Pacific will be the fastest-growing market for mineral sunscreen as economies such as India and China have a younger population base that is slowly beginning to understand how sunscreen protects the skin.
Availability of disposable incomes, expanding and accessible field of dermatology, and influencers are all projected to add to region’s demand for mineral sunscreen.
Similar trends are expected to drive demand in Oceania as well as the number of surfers grow. Increasing participation beach-related sporting activities and holidaying at the beach are expected to drive this demand in the coming days.
Global Miner Sunscreen Market: Competitive Analysis
The global mineral sunscreen market is quite fragmented due to large number of players and constant entry of local players. This has significantly intensified the competition in the market over the last few years. However, companies are trying to balance the price of the product and its quality to remain relevant and to increase profit margins.
Some of the key players operating in the global mineral sunscreen market are:
- New Avon Company
- EltaMD, Inc.
- Sun Bum
- Johnson & Johnson Consumer Inc.
- La Roche-Posay
- Avalon Natural Products, Inc.
- Australian Gold LLC
- Goddess Garden
- Drunk Elephant
*The list is not exhaustive, and only for representational purposes. Full competitive analysis available in the report
Vitamin-enriched Sunscreens to Lead Growth for Global Mineral Sunscreen Market
The future of global mineral sunscreen market lies in the hands of Vitamin-E enriched sunscreen. Best known to reverse the signs of aging by reducing the UV damage to the skin, Vitamin-E enriched sunscreen are expected to be vogue. The growing preference and emerging beauty trends of youthful skin have prompted the sale of these specific sunscreens.
The market also has a tremendous potential as several manufacturers are focussing on developing tinted sunscreens that act as a light complexion creams for adding brilliance to the skin. Thus, the two-in-one formula of sunscreens is expected to carve a special niche for these sunscreens in the forecast period
Global Mineral Sunscreen Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on global mineral sunscreen market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
The global mineral sunscreen market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Sun Protection Factor
Chapter 01 - Executive Summary
The executive summary of the mineral sunscreen market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global mineral sunscreen.
Chapter 02 – Market Overview
Readers can find the detailed segmentation and definition of the mineral sunscreen market in this chapter, which will help them understand basic information about the mineral sunscreen market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the mineral sunscreen market report.
Chapter 03 – Key Market Trends
This chapter exclusively discusses the key market trends present in the global mineral sunscreen market. It highlights the ongoing technological advancements, demand for premium products, increasing preference for organic products, burgeoning middle class, and increasing health concerns amongst users.
Chapter 04– Impact of COVID-19 on Global Mineral Sunscreen Market
This section provides an in-depth analysis on the impact of COVID-19 outbreak on global economy and its related effect across various countries. Readers can also find information on the impact of the pandemic on various sectors such as manufacturing and supply chain across the globe.
Chapter 05 – Impact of Covid-19 on Industrial Market
This chapter provides in-depth analysis of progression by phase and response. It also highlights the factors affecting the sales of mineral sunscreen products and forecast in the post COVID-19 world.
Chapter 06 – COVID-19 Impact on Retail Industry
This chapter bring attention to the impact of COVID-19 on the retail industry. It shows the shift in consumer spending and answers questions pertaining to winning and losing segments.
Chapter 07 – Adoption Rate of Mineral Sunscreen
The chapter highlights the adoption rate of mineral sunscreen. It assesses the rise in OTC demand vs. prescribed demand.
Chapter 08 – Brand Mapping Analysis
This section provides an in-depth brand mapping analysis, brand loyalty mapping, and top of mind mineral sunscreen brands, positioning the key sales differentiator and many others.
Chapter 09 – Key Regulations
This section provides an explanation of the key regulations present in the packaging and labelling industry that have to be adhered for safety purposes.
Chapter 10 – Global Mineral Sunscreen Market Demand Analysis 2015-2019 and Forecast, 2020-2030
This section provides detailed analysis of the historical mineral sunscreen market volume, along with an opportunity analysis of the future. Readers can also find the incremental opportunity for the current year (2020 – 2021) and an absolute opportunity for the forecast period (2020–2030).
Chapter 11 – Global Mineral Sunscreen Market Pricing Analysis
This chapter highlights the pricing analysis based on product type for base year 2019 and forecast year 2030. In addition, profit margins at each level of the mineral sunscreen market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
Chapter 12 – Global Mineral Sunscreen Market Demand (in Value or Size in US$ Mn) Analysis and Forecast 2015-2030
This chapter includes detailed analysis of the mineral sunscreen market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the incremental opportunity for the current year (2020 –2021) and absolute $ opportunity for the forecast period (2020–2030).
Chapter 13 – Market Background
The associated industry assessment of the global mineral sunscreen market is carried out in this section. In addition, this chapter explains key macroeconomic factors that are expected to influence the growth of the global mineral sunscreen market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the market. It offers provides key market dynamics of the mineral sunscreen market, which include drivers, restraints, and trends. Moreover, it will help readers understand key trends followed by leading manufacturers in the mineral sunscreen market.
Chapter 14 – Consumer Sentiment Analysis
This chapter highlights which specific brand preferred by the consumers and why, factor influencing market behavior, which mode of advertisement is more preferred by the vendors, key challenges associated with the market suppliers, and many others consumer sentiment analysis.
Chapter 15 – Social Media Sentiment Analysis
This section of the report highlights the consumer perception for target products on social media platforms, trending brands, trending #hashtags, trending subject titles and many others social media sentiment analysis.
Chapter 16 – Global Mineral Sunscreen Market Analysis 2015-2019 and Forecast 2020-2030, by Skin Type
Based on skin type, the mineral sunscreen market is segmented into sensitive, normal, oily, and dry.
Chapter 17 – Global Mineral Sunscreen Market Analysis 2015-2019 and Forecast 2020-2030, by Sun Protection Factor
On the basis of sun protection factor, the market is segmented into up to 20 SPF, 30 SPF to 40 SPF, 50 SPF to 69 SPF, and 70 SPF and more.
Chapter 18 – Global Mineral Sunscreen Market Analysis 2015-2019 and Forecast 2020-2030, by Consumer Orientation
On the basis of consumer orientation, the global market for mineral sunscreen is segmented into male, female, and unisex.
Chapter 19 – Global Mineral Sunscreen Market Analysis 2015-2019 and Forecast 2020-2030, by Nature
This chapter provides detailed analysis of segmentation of the market on the basis of nature, which includes natural, organic, and synthetic.
Chapter 20 – Global Mineral Sunscreen Market Analysis 2015-2019 and Forecast 2020-2030, by Price Range
Based on price range, the mineral sunscreen market is segmented into economy/ mid-range and premium. In this chapter, readers can find market attractiveness analysis, based on delivery.
Chapter 21 – Global Mineral Sunscreen Market Analysis 2015-2019 and Forecast 2020-2030, by Age
Based on age, the global mineral sunscreen market is segmented into adult and children.
Chapter 22 – Global Mineral Sunscreen Market Analysis 2015-2019 and Forecast 2020-2030, by Sales Channel
Based on sales channel, the mineral sunscreen market is segmented into direct, indirect and indirect is further sub-segmented into supermarkets/ hypermarkets, convenience stores, independent small stores, discounted stores, online sales channel, and others. In this chapter, readers can find market attractiveness analysis, based on sales channel.
Chapter 23 – Global Mineral Sunscreen Market Analysis 2015–2019 and Opportunity Assessment 2020-2030 by Region
This chapter explains how the mineral sunscreen market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa (MEA).
Chapter 24 – North America Mineral Sunscreen Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the mineral sunscreen market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, opportunities, and market growth.
Chapter 25 – Latin America Mineral Sunscreen Market Analysis 2015-2019 & Forecast 2020-2030
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the mineral sunscreen market in the Latin America region.
Chapter 26 – Europe Mineral Sunscreen Market Analysis 2015-2019 & Forecast 2020-2030
Important growth prospects of the mineral sunscreen market based on its end user in several countries such as Germany, Spain, France, United Kingdom, Italy, and rest of Europe are included in this chapter.
Chapter 27 – South Asia Mineral Sunscreen Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the mineral sunscreen market in the South Asia region, along with a country-wise assessment that includes, India, Malaysia, Thailand, Indonesia, and Rest of South Asia. Readers can also find regional trends, restraints, and market growth of countries in the South Asia region.
Chapter 28 – East Asia Mineral Sunscren Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the mineral sunscreen market in East Asia region including the important growth prospects of mineral sunscreen market in several countries such as China, Japan, and South Korea are included in this chapter.
Chapter 29 – Oceania Mineral Sunscreen Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the mineral sunscreen market in East Asia region including the important growth prospects of the mineral sunscreen in several countries such as Australia and New Zealand are included in this chapter.
Chapter 30 – Middle East and Africa Mineral Sunscreen Market Analysis 2015-2019 & Forecast 2020-2030
This chapter offers insights into how the mineral sunscreen market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, Northern Africa, and the Rest of MEA, during the forecast period 2020-2030.
Chapter 31 – Market Structure Analysis
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the mineral sunscreen market along with their market presence analysis by region and product portfolio.
Chapter 32 – Competition Deep-Dive Analysis
In this chapter, readers can find a comprehensive list of vendors in the global mineral sunscreen, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are EltaMD, Inc., Sun Bum, New Avon Company, Johnson & Johnson Consumer Inc., La Roche-Posay, Avalon Natural Products, Inc., J&JCI, Australian Gold LLC, Edgewell, Goddess Garden, Coppertone, Neutrogena, Drunk Elephant, BeautyCounter, and others.
Chapter 33 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a based to the information and statistics included in the mineral sunscreen market report.
Chapter 34 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the mineral sunscreen market.
Sources and Primary Research Splits (%)