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Sun Care Products Market to Reach USD 16.84 Billion by 2027; Rising Cases of Skin-related Issues Associated with UV Exposure to Boost Growth

October 08, 2020 | Consumer Goods

The global sun care products market size is projected to reach USD 16.84 Billion by 2027. The increasing cases of skin-related issues occurring because of UV exposure are set to propel the demand for sun care products. Also, numerous organizations are conducting awareness programs to educate the masses about the benefits of using these products to prevent skin cancer. Fortune Business Insights™ published this information in a new report, titled, “Sun Care Products Market Size, Share & COVID-19 Impact Analysis, By Product Type (Sun-protection, After-sun, and Tanning), Form (Lotion, Spray, Stick, and Others), SPF (0-29, 30-50, and >50), Distribution Channel, and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 13.03 Billion in 2019. But, it would exhibit a CAGR of 3.5% during the forecast period between 2020 to 2027.


Ergodyne Unveils Five SPF 50 Products Under its KREW’D™ Brand


In March 2020, Ergodyne, a manufacturer of well-crafted and innovative safety gear & training solutions based in Saint Paul introduced its latest brand called KREW’D™. It consists of five SPF 50 products in three sizes and forms, namely, stick, spray, and lotion. According to one of the officials, “We can surge the likelihood of workers protecting their skin well by offering several formulations and capacities.”


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/sun-care-products-market-103821


Increasing Demand for Skincare Products with SPF Ingredients to Spur Growth


Nowadays, the demand for skincare products equipped with multiple benefits is surging from women across the globe. Products, such as moisturizer with sun protection or skin whitener with sun protection are experiencing more popularity. The ‘2020 RealSelf Sun Safety Report’ found that approximately 56% of the surveyed people used moisturizer with SPF benefits that very year. It was only 51% back in 2019. Also, 1 out of 3 adults use make-up products including SPF ingredients in the U.S. This factor is expected to propel the sun care products market growth in the forthcoming years.


However, the outbreak of the COVID-19 pandemic is compelling people to purchase only essential items instead of spending more on sun care products. This factor may obstruct demand.


Key Companies Focus on Acquisitions & Product Launches to Intensify Competition


The market possesses several multinational companies, such as Johnson and Johnson, Edgewell Personal Care, and Beiersdorf AG. It also includes numerous local firms. Most of them are aiming to generate more sales by developing eco-friendly sun care products infused with highly active ingredients. A few others are engaging in the acquisition strategy to expand their geographic presence.


Fortune Business Insights™ presents a list of all the renowned sun care products manufacturers operating in the global market. They are as follows:



  • Edgewell Personal Care (Shelton, U.S.)

  • L’Oreal S.A. (Paris, France)

  • Shiseido Company, Limited (Tokyo, Japan)

  • Beiersdorf AG (Hamburg, Germany)

  • Johnson & Johnson (New Brunswick, U.S.)

  • Unilever (London, U.K.)

  • Procter & Gamble Co. (Ohio, U.S.)

  • Natura & Co. (São Paulo, Brazil)

  • The Estee Lauder Co. (New York, U.S.)

  • Kao Corp. (Tokyo, Japan)


Few Noteworthy Industry Developments-



  • August 2019: Beiersdorf successfully acquired Coppertone, a provider of sun care products. This new development would help Beiersdorf to get access to the market in the U.S., thereby accelerating its growth and geographic footprint.

  • October 2019: Shiseido Company, a multinational personal care company headquartered in Japan developed the world’s first innovative technology for surging the effect of UV protection. It will be done by spreading the novel ingredient in a film coating once the applied sunscreen is warmed by sunlight.


Further Report Findings-



  • Europe procured USD 4.19 billion in 2019 in terms of revenue. This growth is attributable to the rising usage of sun care products in the summer season in this region.

  • Asia Pacific is anticipated to showcase considerable growth in the coming years fueled by the increasing trend of sunbathing, rising beachside tourism, as well as traveling in the region.

  • Based on product type, the sun-protection segment held 78.81% in terms of sun care products market share in 2019. According to the American Academy of Dermatology, such products need to be applied on the skin every 2 hours when the person is outdoors. They also help in preventing skin cell damage. The segment generated 76.43% in terms of share in the U.K.


The global market can be segmented in the following way:






















































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation



By Product Type, Form, SPF, Distribution Channel, and Geography



By Product Type


 




  • Sun-protection

  • After-sun

  • Tanning



By Form


 




  • Lotion/Cream

  • Sprays

  • Stick/Roll-on

  • Others



By SPF


 




  • 0-29

  • 30-50

  • >50



By Distribution Channel


 




  • Hypermarkets/Supermarkets

  • Pharmacies

  • Online Channel

  • Others



By Geography


 




  • North America

    • By Product Type

    • By Form

    • By SPF

    • By Distribution Channel

    • By Country

      • USA

      • Canada

      • Mexico





  • Europe

    • By Product Type

    • By Form

    • By SPF

    • By Distribution Channel

    • By Country

      • Germany

      • France

      • Italy

      • Spain

      • U.K.

      • Rest of Europe







  • Asia Pacific

    • By Product Type

    • By Form

    • By SPF

    • By Distribution Channel

    • By Country

      • China

      • India

      • Japan

      • Australia

      • Rest of Asia Pacific





  • South America

    • By Product Type

    • By Form

    • By SPF

    • By Distribution Channel

    • By Country

      • Brazil

      • Argentina

      • Rest of South America





  • Middle East & Africa

    • By Product Type

    • By Form

    • By SPF

    • By Distribution Channel

    • By Country

      • UAE

      • Saudi Arabia

      • South Africa

      • Rest of Middle East & Africa






Global Sun Care Products Market
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  • 2019
  • 2016-2018
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