The latest report published by the IMARC group, titled “Sunscreen Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”offers comprehensive industry analysis, which includes information on Global solar products market share. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. The global solar products market reached a value of US$11.4 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$17.6 billion by 2027, exhibiting a CAGR of 7.3% over the period 2022-2027.
Sunscreen products are widely used by individuals to protect the skin from harmful ultraviolet (UV) rays. They help prevent sunburn, premature aging, actinic keratosis and tough skin. These products are usually formulated with avobenzone, zinc oxide and benzophenone which form a barrier and protect the skin from UV rays. In addition, the effectiveness of these products depends on their sun protection factor (SPF), which generally indicates the level of protection against UV rays. They are gaining popularity among the masses due to their easy availability in a diverse range through the online and offline organized retail channels.
As the novel coronavirus (COVID-19) crisis grips the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world – our estimates on the latest market trends and values planned after taking into account the impact of this pandemic. These observations will be incorporated into the report.
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Global Sunscreen Products Market Trends:
The global market is mainly driven by the increasing prevalence of skin cancer. With this in mind, the growing awareness of the harmful effects of the sun’s rays on the skin is boosting sales of sunscreen products. Additionally, the growing preference for maintaining an aesthetic appearance, along with inflation in the disposable income levels of the masses, is creating a positive outlook for the market. The market is further driven by rising investment by major players in product innovations such as the introduction of sunscreen products infused with the combination of compounds exhibiting intensive moisturizing solutions and anti-aging properties. Moreover, the advent of innovative product variants in diversified scents and matte or dewy finish is positively influencing the growth of the market. Moreover, the development of robust marketing strategies, promotional campaigns and celebrity endorsements by the vendors also acts as a major growth factor.
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2022-2027 Global Sunscreen Products Market Analysis and Segmentation:
Competitive landscape with key players:
- Johnson & Johnson Services, Inc.
- L’Oreal SA, Revlon, Inc.
- Unilever PLC, Shiseido Company, Limited
- Estee Lauder Companies, Inc.
- Beiersdorf AG, Avon Products, Inc.
- Clarins Group, Procter & Gamble Company, Coty, Inc.
- Lotus Herbals Pvt. Ltd., Amway Corp.
- Edgewell Personal Care LLC.
Breakdown of the market by type of product:
- Sun protection products
- After-Sun Products
- Self-tanning products
Market breakdown by product form:
Market breakdown by gender:
Market breakdown by distribution channel:
- Supermarkets and Hypermarkets
- Specialized retailers
- Pharmacies and drugstores
- Online stores
Market Breakdown by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
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