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Sun Care Products Market Size, Share, Statistics, Growth, Analysis & Forecast to 2032 | The Edgewell Personal Care Company, L'Oréal S.A., Shiseido Co. Ltd. & Others

Sun Care Products Market

Sun Care Products Market

The global sun care products market size was valued at USD 14.40 billion in 2023 and is projected to grow from USD 14.90 billion in 2024 to USD 22.28 billion by 2032, exhibiting a CAGR of 5.16% during the forecast period. Europe dominated the sun care products market with a market share of 30.42% in 2023. Increasing cases of severe melanomas due to UVA I, UVA II, and UVB radiation on the skin surface are expected to create demand for high-value SPF products. Shift towards luxury cosmetic products will increase the demand for premium quality products which will propel market growth. Fortune Business Insights™ shares this information in its report titled "Sun Care Products Market, 2023-2030."

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sun-care-products-market-103821

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

▶ The Edgewell Personal Care Company (U.S.)

▶ L'Oréal S.A. (France)

▶ Shiseido Co. Ltd. (Japan)

▶ Beiersdorf AG (Germany)

▶ Johnson & Johnson Services Inc. (U.S.)

▶ Unilever Plc. (U.K.)

▶ The Procter & Gamble Company (U.S.)

▶ Natura & Co. (Brazil)

▶ The Estee Lauder Companies Inc. (U.S.)

▶ Kao Corporation (Japan)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Sun-Protection to Lead Due To Greater Product Usage

On the basis of product type, the market is divided into sun-protection, after-sun, and tanning. The sun-protection segment dominates with the largest market share as sun-protection products are applied to exposed body parts before going into sunlight. The need to re-apply has prominently resulted in greater product usage.

Lotion/Cream To Lead Due As It is Traditional Forms Of Skincare Products

On the basis of form, the market is divided into lotion/cream, sprays, stick/roll-on, and others (gels, masks, etc.). The lotion/cream segment dominates with the largest market share as it is one of the traditional forms of skincare products.

0-29 SPF To Lead As It Is One Of Cost-Effective SPF Products

On the basis of SPF, the market is divided into 0-29, 30-50, and >50. 0-29 SPF segment dominates with the largest market share as it is one of cost-effective SPF products.

Hypermarkets/supermarkets To Lead As People Prefer Buying Products in Bulk

On the basis of distribution channel, the market is divided into hypermarkets/supermarkets, pharmacies, online, and others. The hypermarkets/supermarkets segment dominates as customers prefer buying the necessary grocery items in one place in bulk. Bulk purchasing also allows customers to avail of benefits such as discounts.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/sun-care-products-market-103821

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:

Availability of Formulations with SPF+ Moisturizer Benefits Augment Growth

Availability of formulations with SPF+ Moisturizer benefits is anticipated to drive the sun care products market growth. Women populace is seeking products which are multi-functional such as a whitener equipped with sun protection, or a moisturizer with sun protection, and others. Market players in the personal care market have been developing products that caters to changing consumer preferences.

However, people are less likely to purchase these products in other seasons as much as they do in holidays and summer periods which is expected to hamper the market growth.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

Europe to Lead Due To Greater Product Usage in Holidays and The Summer Season

Europe holds the largest part of the sun care products market share due to greater product usage in holidays and the summer season. The market stood at USD 4.31 billion in 2022 with the spike in the sale of self-tanning products.

Asia Pacific has a significant market share due to the high consumption of sun care products due to subtropical conditions in Australia and New Zealand. Surge in the travel and beachside activities is also increasing product sales in the region.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Market Players Have Been Focusing On Safe, Green, and Highly Active Ingredients

The key market players are Beiersdorf AG, Edgewell Personal Care, and Johnson and Johnson, and local players. The market players have been focusing on safe, green, and highly active ingredients. BASF and Galaxy Surfactants are the suppliers of active ingredients or UV filters such as would play a vital role in the supply chain of sun care products.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲: https://www.fortunebusinessinsights.com/sun-care-products-market-103821

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

May 2023- CJ Olive Young Corporation launched its own Greentea Cica Mild suncare stick products in the Japanese market. CJ Olive Young Corporation is a South Korean health and beauty products store. The product is available at Plaza, the Japanese lifestyle store.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

https://www.fortunebusinessinsights.com/skin-care-market-102544

https://www.fortunebusinessinsights.com/makeup-market-102587

https://www.fortunebusinessinsights.com/cosmetics-market-102614

https://www.fortunebusinessinsights.com/bath-and-shower-products-market-103302

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
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Maharashtra, India.
Phone:
U.S.: US +1 833 909 2966 (Toll Free)
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APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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