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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.”
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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:
Few Noteworthy Industry Developments-
Further Report Findings-
The global market can be segmented in the following way:
Value (USD Billion)
By Product Type, Form, SPF, Distribution Channel, and Geography
By Product Type
By Distribution Channel