Increasing consumer awareness regarding the dangers of excessive UVA and UVB exposure has worked in the Sunscreen Manufacturing industry's favor by boosting demand for sun-protection products. Furthermore, rising disposable income over the five years to 2019 has increased demand for price-premium sunscreen products, such as aerosol sprays, that are easier to apply than traditional sunscreen. Nonetheless, the proliferation of creams and cosmetics outside the scope of this industry with built-in sun protection has limited demand. Consumers' growing spending power over the five years to 2024 is expected to bolster demand for price-premium sun protection products. Rising disposable income levels will encourage consumers to purchase price-premium sunscreen products and engage in outdoor recreational activities, increasing industry demand.
Operators in the Sunscreen Manufacturing industry prepare, blend, compound and package sun protection products. Sunscreen comes in lotion, cream, spray or other topical applications and is used to protect the skin from the sun’s harmful rays, limiting sunburns and helping prevent skin cancer. This industry does not include sun amplification products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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