Several Organisations are Increasing Awareness
About the Need for Sun Protection Products
Increasing consumer awareness of
the harmful effects of UV exposure on the skin is anticipated to increase
market growth. Furthermore, the increasing prevalence of skin-related disorders
such as solar elastosis and skin cancer drives the need for better sun
protection. Several governments and non-governmental organisations, such as the
FDA and he Skin Cancer Foundation, raise awareness about sun protection, which
promotes the industry. The rising usage of skin care products and increased
awareness of them will assist to boost the market as the industry expands. Many
new entrants may consider this as an opportune chance to break into the sun protection market.
The preference of consumers is
for longer skin protection as well as resistance to perspiration and water.
This is one of the primary reasons for their increased spending on sun
protection products. Consumers are interested in the long-lasting
effects of these items, which has resulted in a rise in global demand. The
adequate supply of sun protection products including various active physical,
chemical, and biological elements for various skin needs is expected to speed
up the rise of sun protection products. The availability of many products would
enable consumers to choose the best ingredient-based product for their
requirements.
Increasing Rate of Skin-Cancer
has to Propel Sun Protection Products Market
Growth
With the surge in skin illnesses
and allergies caused by UV radiation, the market is striving to develop
creative ways to safeguard the skin from sunburn and other challenges. The most
profitable segment of the skin Protection product industry is sun protection.
The global market for sun protection products has expanded dramatically in
recent years. Sun protection lotions contain compounds such as avobenzone and
benzophenone, that effectively protect the skin from UV radiation. Furthermore,
cancer-care organization' initiatives to enhance
sun-care awareness will drive demand for the sun-protection product market
during the forecast period.
Sun Protection Creams for Adults Will
Remain the Most Popular
The adult cream segment dominated
the sun protection product market. Adult cream is used to the skin to
protect it against sunburn and premature ageing, such as wrinkles and leathery
skin. These products have gained popularity among adults due to their
multi-purpose advantages such as protection against the high risk of skin
cancer, skin discolouration, and irritation.
The growing demand for natural
and organic ingredients is projected to drive the use of after-sun protection
products among adults. Adults prefer physical products with mineral-based
ingredients such as titanium dioxide and zinc oxide. The growing trend of
sunbathing alternatives that do not expose skin to harmful ultraviolet (UV)
radiation is driving the market for sun protection products. Lotions, creams,
and sprays are typical forms of sunless tanning products. Demand is being
driven by the development of natural-looking products, an increase in the
number of service providers, and general acceptance of the concept of sun
protection. Consumers like sunless tanning since it helps them maintain a
better appearance all year.
Sun Protection Products Market Segmentation
The global sun protection
products market is segmented on the basis of product, form, ingredient,
packaging type and distribution channel.
On the basis of Product:
·
Sun Protection Products
o
SPF-15-29
o
SPF-30-55
o
SPF-55+
·
After Sun Products
·
Self-Tanning Protection Products
On the basis of Form:
·
Creams
·
Gels
·
Lotions
·
Powder
·
Wipes
·
Sprays
·
Natural Oils
·
Other Forms
On the basis of Ingredient:
·
Sun Protection Creams
·
Ecamsule-based Sun Protection Products
·
Avobenzone-based Sun Protection Products
·
Oxybenzone-based Sun Protection Products
·
Titanium Dioxide-based Sun Protection Products
·
Zinc Oxide-based Sun Protection Products
·
Natural Oils
o
Raspberry Seed Oil
o
Wheat germ Oil
o
Avocado Oil
o
Hazelnut Oil
o
Carrot Seed Oil
o
Other Natural Oils
On the basis of Packaging Type:
·
Sticks
o
10 - 20 grams
o
>20 grams
·
Tubes
o
<50 grams
o
50 grams – 100 grams
o
101 grams - 200 grams
o
>200 grams
·
Bottle
o
50 ml – 100 ml
o
101 ml – 200 ml
o
201 ml – 300 ml
·
Other Packaging Types
On the basis
of Distribution Channel:
·
Hypermarket & supermarket
·
Pharmacy & drug store
·
Specialty store
·
Online
·
Others
The Covid-19 Era is a Nightmare
for Sun Protection Products Market Participants
COVID-19 has had a negative
impact on several industry sectors, including the sun protection products
market. It has impacted consumers' spending habits and purchasing behaviours,
resulting in a slight decline in market growth due to domestic and
international travel bans around the world, which resulted in the cancellation
of holiday and business tours. As a result, people were ordered to stay at
home, which had a negative impact on sales. Additionally, the spread of the
virus was severe in the United States and many European countries during the
summer of 2020, which was also responsible for a decline in consumption of
products during the first half of the year.
CTZ announced the release of CTZ
Sport SPF 45 in February 2020. CTZ is an abbreviation for Contains Only
Titanium and Zinc. CTZ Sport SPF 45 is aimed towards a wide range of consumers,
from outdoor lovers to serious athletes. The line is chemical-free and works by
reflecting damaging UVA-UVB rays away from the skin before they can enter. MyKAI,
the cosmetic product line created by a collaboration between Bio-on and
Unilever, was launched on April 8, 2019. The sun protection product
industry is defined as the presence of a few well-established and intermediate
players. One of the industry's most important strategic objectives is the
introduction of new products. Among the major companies in the sun protection products
industry are:
Coty Inc., Shiseido Co. Ltd., Beiersdorf
AG, Burt's Bees, Bioderma Laboratories, Groupe Clarins, Johnson & Johnson, L'oreal,
The Estee Lauder Companies Inc., Unilever.
Consumer Awareness for Sun Protection Products
in the Europe is High
Europe dominated the sun protection
products industry and generated its most revenue. Rising consumer
awareness of the negative consequences of prolonged sun exposure on the skin
has raised product demand across the region. Furthermore, the growing number of
products that provide additional benefits like as dark spot reduction and
anti-aging has boosted product demand.
The sun protection
product market in Asia Pacific is the fastest developing. The rise of the
chemical sector in India and China is predicted to guarantee continuous raw
material availability to skin protection product makers, and therefore to
be a positive factor for Asian manufacturers during the forecast period. The
increased demand from emerging markets such as China and India, as a result of
an increase in the number of new product releases and rising concerns about the
negative effects of UV radiation and skin disorders, is expected to favourably
affect the Asia Pacific market.
The report provides a detailed
overview of the sun protection products market insights in regions including
North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle
East and Africa. The country-specific assessment for sun protection products
market has been offered for all regional market share, along with forecasts,
market scope estimates, price point assessment, and impact analysis of
prominent countries and regions. Throughout this market research report, Y-o-Y growth
and CAGR estimates are also incorporated for every country and region, to
provide a detailed view of the sun protection products market. These Y-o-Y
projections on regional and country-level markets brighten the political,
economic and business environment outlook, which are anticipated to have a
substantial impact on the growth of the sun protection products market. Some
key country and region included in the sun protection products market report as
follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy, U.K.,
BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN, India,
Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The Sun Protection Products Market Research
Report Covers In-depth
Analysis on:
·
Sun protection products market segments
·
Sun protection products market dynamics
·
Sun protection products market value and share
analysis
·
Recent trends, restraints, opportunities in sun
protection products market
·
Companies & competition involved sun
protection products market
·
Latest technologies in sun protection products
market
·
Supply chain and value chain sun protection
products market
·
Sun protection products market sales and
distribution strategies
Sun Protection Products Market Growth
Highlights:
·
A comprehensive overview of parent market
·
Market dynamics, demand and trends in the
industry
·
Current, historical and anticipated market size in
terms of volume
·
In-depth market segmentation
·
Competition landscape
·
Key Strategies of leading companies and product portfolio
·
Sun protection products industry trends and developments
·
Potential and country, regions and segments exhibiting
future growth
·
A detailed viewpoint on sun protection products market
forecast by countries
·
Essential information to enhance market position
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