The global sun protection products market witnessed substantial growth in 2020 and is projected to maintain a steady revenue compound annual growth rate (CAGR) throughout the forecast period. Key drivers of this market's revenue expansion include increasing public awareness regarding skincare, a rise in the number of melanoma and non-melanoma skin cancer cases attributed to UV exposure, a strong desire among individuals to preserve a youthful appearance, and the growing utilization of organic and natural ingredients with no adverse effects.
The harmful effects of UVA and UVB radiation on the skin have necessitated the development of sun care treatments. These products aim to prevent various conditions caused by exposure to such radiation, including premature aging, tanning, sunburns, wrinkles, fine lines, and pigmentation. Sunscreen creams are formulated with substances like benzophenone and avobenzone, which create a protective barrier against UV radiation and safeguard the skin from damage. The Sun Protection Factor (SPF) of a sun care product indicates the length of time a user can spend in the sun without significant skin harm.
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Top Companies Operating in the Global Sun UV Protection Product Market Report:
- Johnson Johnson
- L'Oreal
- Proctor Gamble
- Revlon
- Unilever
- Shiseido
- Estee Lauder
- Beiersdorf
- Avon Products
- Clarins Group
- Coty
- Lotus Herbals
- Amway
- Edgewell Personal Care
- Others
Revenue growth in the global consumer goods market is primarily due to factors such as the rapid increase in the world population, the growing demand for food and other essential goods, including healthcare nutrition, personal care hygiene, and electronic products. Consumer preferences and lifestyles are changing significantly, the demand for packaged and processed food and beverage products is rising, and the number of people working is increasing. There has been a rapid adoption of cutting-edge technologies such as artificial intelligence (AI), IoT (Internet of Things), big data analytics, robotics automation in the consumer goods industry. Other key factors driving the growth of the global consumer goods market include a growing awareness of the adverse environmental impacts of plastic packaging and a growing demand for eco-friendly and sustainable packaging solutions. Rising income levels in developing economies such as India and stringent government regulations for product quality and safety are expected to boost market revenue growth in the near future.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Sun Protection
- After-sun Protection
- Self- Tanning
- Others
Product Form Outlook (Revenue, USD Billion; 2018-2028)
- Cream
- Gel
- Lotion
- Wipes
- Spray
- Others
SPF Outlook (Revenue, USD Billion; 2018-2028)
- 0-29
- 30-50
- 50
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
- Supermarkets and Hypermarkets
- Specialty Retailers
- Pharmacies and Drug Stores
- Online Stores
- Others
Key Takeaways of the Global Sun UV Protection Product Market Report:
- A comprehensive overview of the global Sun UV Protection Product industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Sun UV Protection Product market.
- Elaborate study of the leading regional markets in the global Sun UV Protection Product market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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