According to DataHorizzon Research, The sun care products market size was valued at USD 14.3 Billion in 2022 to reach USD 22.5 Billion by 2032 and is expected to exhibit a CAGR of 4.7%.
Fort Collins, Colorado, Sept. 28, 2023 (GLOBE NEWSWIRE) -- DataHorizzon Research Published a report titled, "Sun Care Products Market Size, Growth, Share Statistical Report By Product (Sun Protection, After-Tan, Self-Tan), By Application (Untinted, Tinted), By Form, By Distribution Channel, By Region, and Segment Forecasts 2023-2032 ."
According to DataHorizzon Research, The sun care products market size was valued at USD 14.3 Billion in 2022 to reach USD 22.5 Billion by 2032 and is expected to exhibit a CAGR of 4.7%. The global sun care products market report discusses opportunities and challenges along with consumer trends until the forecast range. The report comprehensively analyzes the market segments with key takeaways on the global market scenario.
Sun care products are formulations that prevent the skin from damage due to UVA and UVB rays. UVA and UVB rays are the main causes of skin cancer. According to The World Cancer Research Fund International, skin cancer is the 17th most common worldwide cancer type. The rising prevalence of skin cancer in urban areas bolsters the sun care products market.
With worldwide increased incidences of skin cancers such as basal and squamous cell carcinoma, the use of photoprotective products has increased over the years. The rising prevalence of sunburn cases and increasing awareness about photoprotection and sun care products are the major drivers for the sun care products market.
According to the National Center for Biotechnology Information, bacterial-derived melanin has been shown to protect fibroblast cells against UVA radiation significantly. This provides scope for pharmaceutical companies to focus on developing sun care products with this agent. The development of cost-effective sun care products will also prove efficient for pharmaceutical companies in the near future.
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Report Snapshot:
| Report Title | Sun Care Products Market |
| Market Size in 2022 | USD 14.3 Billion |
| Market Size by 2032 | USD 22.5 Billion |
| CAGR from 2023 to 2032 | 4.7% |
| Largest Market | Europe |
| Forecast Period | 2023 to 2032 |
| Historic Period | 2021 |
| Base Year | 2022 |
| Report Scope & Coverage | Market Size, Market Estimations, Competitor Analysis, Trends, and Growth Factors. |
| By Product | Sun protection, after-tan products, and self-tan products. |
| By Application | Untinted and tinted products. |
| By Form | Cream and lotion, gel, spray, stick, and others. |
| By Distribution Channel | Hypermarkets, supermarkets, pharmacy stores, specialty stores, online retailers and others. |
| Region | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. |
| Countries Covered | U.S., Canada, U.K., Germany, France, China, Japan, India, South Korea, Brazil, Mexico, UAE, Saudi Arabia, and South Africa, among others. |
| Major Market Players | Johnson and Johnson, Beiersdorf AG, Estee Lauder Companies Inc., L’Oreal Group, Procter and Gamble Company, Shiseido Company Ltd, Amway Corporation, Revlon Inc., Kiehl’s LLC, Unilever Plc. |
Segmentation Overview:
The global sun care products market has been segmented into product, application, form, distribution channel, and region. Online retailers will dominate the market in 2022. High internet penetration, expansion of retailers on online platforms, and user-friendly interface provided by websites are the main reasons for the growth of the online market.