Sun Care Products Market

Sun Care Products Market Overview:

The global demand for Sun Care Products market, in terms of revenue, was worth USD 11,144 million in 2022 and is expected to reach USD 16,637.3 million in 2029, growing at a CAGR of 6.0% from 2023 to 2029. The global Sun Care Products Market is anticipated to expand due to the Increasing prevalence of skin-related diseases such as skin cancer and solar elastosis and rising popularity of outdoor recreational activities and sports.

Sun-care products are utilized on the skin for protection against harmful ultraviolet rays. It is applied to the skin and hair to protect them from the UV rays of the sun. Their products respond to the harmful effects of continuous sun exposure, such as early signs of aging, tanning, sunburn, wrinkles, fine lines, and pigmentation. Sun care products are available in various forms, such as creams, lotions, lip balms, hair tonics, gels, and many others. The active ingredients in the products work by absorbing, reflecting, or scattering some or all of the sun's rays. There are two categories of ultraviolet rays that sun care protects against: UVB and UVA. With the growth of skin disorders and allergies caused by UV radiation, the market is working hard to develop innovative solutions to protect the skin from sunburn and other difficulties. The Sun Protection Factor (SPF) is a metric that defines how well and how long a sunscreen will protect the skin.

COVID-19 had a negative impact on the market due to the strict lockdowns and reduced manufacturing activities across the world. Market players suffered from falling sales of sun care products. The economic uncertainty and stop in transportation induced by COVID-19, therefore, caused a partial shutdown of business, which impacted demand for the sun care product market. Also, due to the strict rules and regulations directed by the government as well as safety concerns, many people were staying at home rather than going outside, thereby not using the sun care product. As children preferred to play indoor games, the use of sun care products was hampered. Also, during a lockdown, people only buy necessities rather than cosmetics and sun care products. This has further decreased the demand for sun care products.

High awareness regarding sun care products and high technological advancement are boosting the market share of the sun care product industry. The idea of spending millions on a sun care product that will be effective in the future is forcing companies to bet heavily on new product development in the healthcare market. For example, Recently, in August 2022, SunScoop, a sunscreen-only brand of Innovist, a leading personal care house of brands, expanded its product portfolio with the launch of its new Fluid Body Sunscreen Spray. The brand now offers five different types of sunscreens, four of which are for the face. Also, in February 2022, the glow recipe launched into sun care sector. Furthermore, in July 2022, Revieve, a digital brand experience company working with global brands, retailers, and digital service providers in the beauty, skin, health, and wellness categories, announced a partnership with Marionnaud Italy. A sun care product is one of the best and easiest ways to protect consumers' skin's appearance and health at any age. Used regularly, sun care products help prevent sunburn, skin cancer, premature aging, and many other beneficial factors. Therefore, high awareness regarding sun care products and high technological advancement are boosting the market share of the sun care product industry.

Excessive adoption of the sun care product market has led many businesses to invest millions of dollars in the market. Edgewell Personal Care, L’Oreal S.A., Shiseido Company Limited, Beiersdorf AG, Johnson & Johnson, Unilever, Procter & Gamble Co., Natura & Co., and many other businesses are contributing to expanding their roots in this sector by executing organic strategies. For example, in January 2021, Kao Partners will launch the leading Biore sunscreen brand in India. All these business strategies are increasing the global sales of the sun care products market.

APAC has accounted for almost 34% of the market share in the market for sun care products. Due to the high adoption rate of sun care products. Also, due to several innovations & recent developments happening in the region and the increasing number of players across European countries, Europe is the second-dominating region in the sun care product market. Latin America is the fastest-growing region with a CAGR of 7.4%.

The regions covered in the global Sun Care Products market are North America, Europe, Asia-Pacific, and the Rest of the World. Based on a country level, the global Sun Care Products market sub divided into U.S., Canada, U.K., France, Germany, Italy, China, Japan, India, South-East Asia, Brazil, Mexico, GCC, Africa, etc.

According to BrandEssence Analyst: "Huge investments by various businesses and participation in sun care products are generating lucrative opportunities for the sun care product market worldwide and are projected to reach USD 16,637.6 million in 2029.”

The increasing prevalence of skin-related diseases such as skin cancer and solar elastosis, and the rising popularity of outdoor recreational activities and sports, are driving the growth of the Global Sun Care Product Market.

The increasing prevalence of skin-related diseases such as skin cancer and solar elastosis is one of the major factors driving the market growth. Ultraviolet (UV) radiation from the sun changes the DNA in the cells of human skin. This can prompt untimely skin aging (photoaging) and skin cancer. For example, according to the World Health Organization (WHO), somewhere in the range of 2 and 3 million non-melanoma skin cancers and 132,000 melanoma skin cancers occur worldwide every year. According to the European Academy of Dermatology and Venereology (EADV) survey introduced that 1.71% of the grown-up European general population revealed having skin cancer, meaning around 7,304,000 Europeans are assessed to have the disease. Also, according to the American Cancer Society and the American Society of Clinical Oncologists, in 2022, approximately 3.4 million United States people will be diagnosed with skin cancer. Thus, as sun-care products help to prevent various skin diseases, a number of people are using sun-care products to avoid skin diseases. Hence, the rising concern about skin insurance against detrimental rays of the sun and further developed alertness in regard to skin disease are the major factors driving the development of the market.

In addition, rising popularity outdoor recreational activities and sports is also boosting the growth of the market. The last couple of years have seen an expansion in participation in sports, particularly in outside games. Sun care products are acquiring popularity among sports personalities in order to safeguard themselves against harmful UVA and UVB beams. A new pattern developing across the world is the enormous response toward outbound the travel industry. The rising pattern for ocean-side volleyball has additionally helped in the development of the market. For example, as per the Outdoor Industry Association 2020, Open Air Participation Report which showed 53% of Americans took part in somewhere around one outdoor activity in 2020, while 50.7 % of Americans took an interest in 2019 out of which 46.2% of outdoor participants were female versus 53.8% male. Consumers from Western nations are inclined toward utilizing sun care products during their open-air exercises, particularly on beaches and sports. Thus, the higher participation rate in outdoor sporting activities has added to the increase in sales of sun care products also various companies offer sun care products that consumers utilize during sports activities. For instance, in February 2020, CōTZ reported the launch of CōTZ Sport SPF 45. CōTZ represents just Titanium and Zinc. CōTZ Sport SPF 45 is intended for different customer segments, ranging from outside enthusiasts to serious athletes. The line is 100 percent free of chemical sunscreens and works by reflecting harmful UVA-UVB beams away before they can infiltrate the skin.