Global Sun care product Market is valued approximately at USD 15.07 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.00% over the forecast period 2024-2032. The sun care products are gaining larger demand across the globe due to the growing awareness among people regarding harmful effects on skin from UVA and UVB rays of sun. These products prevents & overcome skin from various side effects such as tanning, sunburns, skin cancer and others. These sun care products are available in various forms consisting of a broad spectrum of Sun Protecting Factor usually known as the SPF to protect the skin against harmful rays. The rapid growth in cases of skin cancer across the globe due to the over skin exposure to the sun is the factor driving the growth of market over the forecast years. For instance, Skin Cancer Foundation (America), the global cases of melanoma is increased by 2% in 2024. An estimated 196,060 cases of melanoma will be diagnosed by the end of 2024 in United States, out of which 95,710 cases will be in situ (noninvasive), confined to the epidermis (the top layer of skin), and 100,350 cases will be invasive, penetrating the epidermis into the skin’s second layer (the dermis). Similarly, the largest number of skin cases occurs in Australia, where over two in three Australians will be diagnosed with skin cancer by the time, they are 70. In 2018, 2094 people died from skin cancer in Australia, 1429 from melanoma and 665 from non-melanoma skin cancers. In addition, growing awareness among people regarding harmful effects on skin from sun rays and skin care is the factor stimulating the growth of market over the forecast years. However, global spread of Novel coronavirus is the factor hampering the growth of market over the forecast years.
The regional analysis of the global Sun care product market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing incidence of skin cancer in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2024-2032. Factors such as growing awareness among people regarding skin care is creating a lucrative opportunity for the growth of the cancer vaccine market in the Asia-Pacific region.
Major market player included in this report are:
Shiseido Company Ltd.
Loreal S.A.
Beiersdorf AG
Johnson & Johnson
The Procter & Gamble Company
The Estee Lauder Companies Inc.
Lotus Herbal Pvt. Ltd.
Kao Corporation
Avon Products Inc.
Bayer AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Self-tanning
After sun
Sun protection
By Distribution Channel:
Supermarkets/Hypermarkets
Specialists stores
Online stores
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2023
Forecast period – 2024 to 2032
Target Audience of the Global Sun care product Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook