FMI anticipates that the sun care products market is expected to reach a valuation from US$ 13.6 billion in 2023 to US$ 25.3 billion by 2033. The market is anticipated to record an average CAGR of 6.4% during the forecast period.
Influencing Factors in the Market are as follows:
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According to a survey conducted in the United Kingdom, 54 percent of millennials are turning toward simplified skincare routines. They are looking for a sustainable solution for their skin with transparency in the product ingredients.
To meet consumers' requirements, top manufacturing companies are offering valuable and minimalist skincare products. The leading companies interact with their customers, gathering feedback, learning about their preferences in products, and other ways to sustain their brand value.
Millennials tend to spend more on reliable, convenient, and effective sun care products. Therefore, to provide better and organic products, manufacturers are focused on limiting carbon footprints by using organic cosmetic ingredients.
Attributes | Details |
---|---|
Market CAGR (2023 to 2033) | 6.4% |
Market Valuation (2023) | US$ 13.6 billion |
Market Valuation (2033) | US$ 25.3 billion |
According to Future Market Insights, the global sun care products market registered a healthy 6.4% CAGR during the forecast period. Historically, the market registered a CAGR of 4.3% between 2018 and 2022.
The rapidly growing cosmetic sector is attracting consumers to maintain their skin routine. Consumers are concerned about their health and naturally breathing skin. At the same time, they are focusing on natural ingredients that are used in it.
Manufacturers have made several changes in the last few decades to advance market growth. The manufacturers provide fresh, natural, and non-toxic products to their consumers. But, they also use potentially toxic ingredients in their products, which might harm the skin in the long run, slowing down the market expansion in the coming years. Nowadays, companies seek to manufacture innovative products without side effects as the market is highly competitive.
The market is estimated to reach US$ 25.3 billion during the forecast period. Historically, the market reached a valuation of US$ 12.9 billion from 2018 to 2022.
Sun Care Products Market:
Attributes | Sun Care Products Market |
---|---|
CAGR (2023 to 2033) | 6.4% |
Value (2023) | US$ 13.6 billion |
Value (2033) | US$ 25.3 billion |
Trends | Consumers adopt sun care & sun protection products for their outdoor activities to protect their skin from UV rays. |
Opportunities | Newly launched products with advanced shield technology to cure damaged skin and maintain natural skin tone are booming the market opportunities. |
Skin Care Products Market:
Attributes | Skin Care Products Market |
---|---|
CAGR (2023 to 2033) | 4.6% |
Value (2023) | US$ 142.78 billion |
Value (2033) | US$ 223.86 billion |
Trends | Increasing demand for organic and cruelty-free products is driving the market size. |
Opportunities | Opportunities anticipated to drive the market include expanding awareness campaigns and growing distribution channels. |
Organic Personal Care Market:
Attributes | Organic Personal Care Market |
---|---|
CAGR (2023 to 2033) | 9.1% |
Value (2023) | US$ 26.84 billion |
Value (2033) | US$ 64.13 billion |
Trends | Increasing sustainable, eco-friendly, and chemical-free products are propelling the market size. |
Opportunities | Expanding research and development activities, and government initiatives are boosting market growth. |
Segments | Product Type |
---|---|
Top Categories | Self Tanning Products |
Market Share | 49.9% |
Segments | Packaging Format |
---|---|
Top Categories | Tubes |
Market Share | 42.8% |
Based on product type, self-tanning products are likely to capture a significant share of 49.9% during the forecast period. The increasing consumers' awareness of healthy skin in the long term and reduced excessive sun exposure are rising the demand for self-tanning products. The UV rays and excess sun exposure increases skin disorders such as damage, scars, and skin cancer. However, consumers' rapidly increasing adoption of self-tanning products is crucial in limiting widespread UVB & UVA exposure.
Based on the packaging format, tubes are leading the global market and are expected to reach a market share of 42.8% by 2033. Cosmetic manufacturers prefer tube packaging format to provide their products to their customers. These tubes are easy to store, reliable, and convenient for storing cosmetic products such as cream, lotion, foundation, and face wash.
The manufacturers develop these tubes with high-quality material that enhances the product quality and shelf-life. The innovation of paper tube packaging is 100% recyclable and eco-friendly, reducing carbon footprints. Several top companies are adopting these packaging methods by replacing plastic packaging during the forecast period.
Based on age, adult people are likely to hold a significant market share of 79.2% by 2033. The increasing skin issues among people, including premature aging, wrinkles, and sunburn, are rising adults' demand for SPF & UV protection sun care products. Suncare products reduce skin cancer, leathery skin, and inflammation. Therefore these products are highly preferred by adult group people.
Based on sales channels, online retailing is dominating the global market by securing a significant share by 2033. Customers are fond of buying products through online platforms. The top companies sell their products online to acquire maximum profits.
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Countries | Share |
---|---|
United States | 81.1% |
India | 27.3% |
China | 42.6% |
Germany | 16.6% |
Japan | 33.1% |
Australia | 57.8% |
During the forecast period, India is estimated to capture a share of 27.3% of the global market. The growing cosmetic industry and skin disorders are advancing the market in the country. In addition, the availability of raw materials, growing urbanization, and changing consumers' lifestyles drive India's sun care products market growth.
Manufacturers are developing products for all skin consumers to reduce infection, skin damage, and other skin-related problems. During summer days, the explosion of sun rays affects the skin, such as rashes, tanning, and allergies are fueling the market in India.
China is estimated to capture a share of 42.6% of the global market by 2033. The increasing demand for organic sun care products among consumers is bolstering the market in China. Cosmetic manufacturers innovate new products that are 100% natural without toxicity to maintain the skin's pH level with organic ingredients. In addition, consumers prefer clean labels and synthetic products that increase sun care sales.
China's market is being driven by expanding online marketing on social media to educate consumers about the product. Adopting sun care products enhances skin tone, appearance, and texture. In addition, the popularity of vegan-based products attracts consumers due to their natural properties, which on the other hand, is fueling the sun care products market in China.
The United States is dominating the global market by capturing a share of 81.1% by 2033. The increasing innovation in cosmetic products in the United States towards personal and beauty care is fueling the market size. The United States sun care products market is also driven by social media influencers, bloggers, and online distribution channels.
According to the American Academy of Dermatology, more men maintain their skin routine than women. Due to their thicker and more sensitive skin, they prefer sun care products. The research found that UV rays damage men's skin more than women's.
The prominent players play a crucial role in the global market. These players are focused on consumers' requirements and provide quality products to enhance their brand value. The key players invest millions of dollars in research & development activities to acquire significant revenue in the market. In addition, they are innovating unique products per consumers' requirements by adopting advanced technologies.
Deep market analysis by a well-known player results in solutions that propel the market to new heights. Mergers, acquisitions, collaborations, product launches, partnerships, and agreements are a few marketing strategies.
Recent Developments in the Market are:
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | US$ billion for Value |
Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Türkiye, Northern Africa, and South Africa |
Key Segments Covered | Product Type, Packaging Type, Age, Nature, Sales Channel, Region |
Key Companies Profiled | Estee Lauder Companies, Inc.; Coty, Inc.; Revlon, Inc.; Clarins Group; Clinique Laboratories, Inc.; Natura & Co.; Amway Corporation; Shiseido Company, Limited; AmorePacific Corporation; Revlon, Inc.; Kiehl’s LLC; Others (On Request); Beiersdorf AG; The Procter & Gamble Company; Unilever PLC; L’Oreal Group |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The market is valued at US$ 13.6 billion in 2023.
The growth potential of the sun care products market is 6.4% CAGR through 2033.
Growing demand for organic variants and surging skin-related issues are catalyzing market growth.
The market expanded at a CAGR of 4.3% in the historical period.
The leading market competitors are Estee Lauder Companies, Inc., Coty, Inc., and Revlon, Inc.
1. Executive Summary | Sun Care Products Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Form, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Form, 2023 to 2033 5.3.1. Cream 5.3.2. Gel 5.3.3. Lotion 5.3.4. Liquid 5.3.5. Sprays 5.3.6. Lip Balm 5.3.7. Wipes 5.3.8. Sticks 5.3.9. Others 5.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By SPF 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By SPF, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By SPF, 2023 to 2033 6.3.1. SPF 6-14 6.3.2. SPF 15-29 6.3.3. SPF 30-50 6.3.4. SPF 50+ 6.4. Y-o-Y Growth Trend Analysis By SPF, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By SPF, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Price Category 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Price Category, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Price Category, 2023 to 2033 7.3.1. Premium 7.3.2. Standard 7.4. Y-o-Y Growth Trend Analysis By Price Category, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Price Category, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Form 9.2.3. By SPF 9.2.4. By Price Category 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Form 9.3.3. By SPF 9.3.4. By Price Category 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Form 10.2.3. By SPF 10.2.4. By Price Category 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Form 10.3.3. By SPF 10.3.4. By Price Category 10.4. Key Takeaways 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Form 11.2.3. By SPF 11.2.4. By Price Category 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Form 11.3.3. By SPF 11.3.4. By Price Category 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Singapore 12.2.1.5. Thailand 12.2.1.6. Indonesia 12.2.1.7. Australia 12.2.1.8. New Zealand 12.2.1.9. Rest of Asia Pacific 12.2.2. By Form 12.2.3. By SPF 12.2.4. By Price Category 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Form 12.3.3. By SPF 12.3.4. By Price Category 12.4. Key Takeaways 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of MEA 13.2.2. By Form 13.2.3. By SPF 13.2.4. By Price Category 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Form 13.3.3. By SPF 13.3.4. By Price Category 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. USA 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2022 14.1.2.1. By Form 14.1.2.2. By SPF 14.1.2.3. By Price Category 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2022 14.2.2.1. By Form 14.2.2.2. By SPF 14.2.2.3. By Price Category 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2022 14.3.2.1. By Form 14.3.2.2. By SPF 14.3.2.3. By Price Category 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2022 14.4.2.1. By Form 14.4.2.2. By SPF 14.4.2.3. By Price Category 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2022 14.5.2.1. By Form 14.5.2.2. By SPF 14.5.2.3. By Price Category 14.6. United Kingdom 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2022 14.6.2.1. By Form 14.6.2.2. By SPF 14.6.2.3. By Price Category 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2022 14.7.2.1. By Form 14.7.2.2. By SPF 14.7.2.3. By Price Category 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2022 14.8.2.1. By Form 14.8.2.2. By SPF 14.8.2.3. By Price Category 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2022 14.9.2.1. By Form 14.9.2.2. By SPF 14.9.2.3. By Price Category 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2022 14.10.2.1. By Form 14.10.2.2. By SPF 14.10.2.3. By Price Category 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2022 14.11.2.1. By Form 14.11.2.2. By SPF 14.11.2.3. By Price Category 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2022 14.12.2.1. By Form 14.12.2.2. By SPF 14.12.2.3. By Price Category 14.13. Singapore 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2022 14.13.2.1. By Form 14.13.2.2. By SPF 14.13.2.3. By Price Category 14.14. Thailand 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2022 14.14.2.1. By Form 14.14.2.2. By SPF 14.14.2.3. By Price Category 14.15. Indonesia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2022 14.15.2.1. By Form 14.15.2.2. By SPF 14.15.2.3. By Price Category 14.16. Australia 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2022 14.16.2.1. By Form 14.16.2.2. By SPF 14.16.2.3. By Price Category 14.17. New Zealand 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2022 14.17.2.1. By Form 14.17.2.2. By SPF 14.17.2.3. By Price Category 14.18. GCC Countries 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2022 14.18.2.1. By Form 14.18.2.2. By SPF 14.18.2.3. By Price Category 14.19. South Africa 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2022 14.19.2.1. By Form 14.19.2.2. By SPF 14.19.2.3. By Price Category 14.20. Israel 14.20.1. Pricing Analysis 14.20.2. Market Share Analysis, 2022 14.20.2.1. By Form 14.20.2.2. By SPF 14.20.2.3. By Price Category 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Form 15.3.3. By SPF 15.3.4. By Price Category 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Shiseido Co., Ltd 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. La Roche-Posay 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Coppertone 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Banana Boat 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. BullFrog 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Blue Lizard 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Fresh LLC 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. SkinCeuticals 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Vertra 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. KINeSYSs Performance Sunscreen 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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