Sun Care Market Share Research Top Companies with Demand & Forecast 2030
Sun Care Products Market Overview
The sun care products market is a large and growing industry. Sun Care Products Market Size was valued at USD 12.1 billion in 2021. The sun care products market industry is projected to grow from USD 12.52 Billion in 2022 to USD 15.93 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2022–2030). The rising worry about skin protection against harmful sun rays and increased awareness about skin cancer are the primary market drivers driving sun care products’ market expansion.
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The sun care products market is segmented by product type, distribution channel, and region. By product type, the market is segmented into sunscreen, after-sun care products, and self-tanning products. Sunscreen is the largest segment of the market, accounting for a majority of the market share. After-sun care products are the second largest segment, while self-tanning products are the fastest-growing segment.
By distribution channel, the market is segmented into offline channels and online channels. Offline channels, such as drug stores, supermarkets, and specialty stores, are still the most popular way to purchase sun care products. However, online channels are growing in popularity, as they offer a wider selection of products and more competitive prices.
By region, the sun care products market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is the largest market for sun care products, followed by Europe and Asia-Pacific. The growth of the sun care products market in North America is being driven by the increasing awareness of the harmful effects of the sun’s UV rays and the rising disposable incomes of consumers in the region.
There are a number of factors that are driving the growth of the sun care products market. These include:
- The increasing awareness of the harmful effects of the sun’s UV rays
- The rising disposable incomes of consumers
- The growing popularity of outdoor activities
- The increasing demand for natural and organic sun care products
The sun care products market is facing a number of challenges, however. These include:
- The counterfeit sun care products market
- The increasing competition from generic and private label products
- The challenges of formulating effective sun care products that are also cosmetically appealing
Despite these challenges, the sun care products market is expected to continue to grow in the coming years. The growth of the market will be driven by the increasing awareness of the harmful effects of the sun’s UV rays, the rising disposable incomes of consumers, and the growing popularity of outdoor activities.
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