Global Sun Protection Products Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Form;

Gel, Lotion, Cream and Others.

By SPF Range;

SPF 15, SPF 30, SPF 50, SPF 70 and Others.

By Distribution Channel;

Store-Based - (Supermarkets & Hypermarkets, Convenience Stores and Others), Non-Store-Based.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn890362365 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Sun Protection Products Market (USD Million), 2020 - 2030

In the year 2023, the Global Sun Protection Products Market was valued at USD 16,674.06 million. The size of this market is expected to increase to USD 25,996.53 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.6%.

The global sun protection products market encompasses a wide array of skincare solutions designed to shield individuals from the harmful effects of ultraviolet (UV) radiation emitted by the sun. These products include sunscreens, sunblocks, sun hats, sunglasses, and protective clothing, among others. With rising awareness about the detrimental impact of UV exposure on skin health, the demand for sun protection products has witnessed significant growth, driving innovation and market expansion across various regions worldwide.

Sun protection products play a crucial role in safeguarding the skin against sunburn, premature aging, and the risk of skin cancer associated with prolonged exposure to UV rays. As a result, they are essential components of daily skincare routines, outdoor activities, and leisure pursuits in sunny climates. The market caters to a diverse consumer base, including individuals of all ages, genders, and skin types, as well as professionals working in outdoor settings and athletes engaging in outdoor sports and recreational activities.

Key factors driving the growth of the global sun protection products market include increasing awareness about the importance of sun protection, rising concerns about skin health and aging, and growing participation in outdoor activities and leisure pursuits. Additionally, advancements in formulation technologies, the introduction of broad-spectrum and water-resistant formulations, and the expansion of product portfolios to include natural and organic ingredients are further propelling market growth and product innovation.

Shifting consumer preferences toward multifunctional sun protection products that offer additional skincare benefits such as hydration, anti-aging properties, and environmental protection are driving market expansion and diversification. Furthermore, the emergence of online retail channels, social media influencers, and digital marketing strategies are providing brands with new avenues to reach and engage consumers, driving sales and brand visibility in the competitive sun protection products market.

Despite these opportunities, the market faces challenges such as regulatory complexities, formulation concerns, and environmental sustainability issues related to ingredient sourcing, packaging materials, and product disposal. Moreover, the ongoing COVID-19 pandemic has impacted consumer behavior, distribution channels, and manufacturing operations, posing short-term challenges and uncertainties for market players.

The global sun protection products market presents significant opportunities for manufacturers, retailers, and investors to capitalize on the growing demand for skincare solutions that offer effective sun protection, skin health benefits, and consumer convenience. By leveraging technological advancements, marketing innovations, and sustainable practices, businesses can address evolving consumer needs and preferences, driving growth and differentiation in the dynamic and competitive sun protection products market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By SPF Range
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Sun Protection Products Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Awareness about Skin Health
        2. Rising Incidence of Skin Cancer
        3. Changing Lifestyles and Outdoor Activities
        4. Adoption of Skincare Regimens
      2. Restraints
        1. Regulatory Compliance and Testing Requirements
        2. Formulation Challenges
        3. Environmental Concerns
        4. Seasonal Demand and Geographic Variations
      3. Opportunities
        1. Rising Awareness and Education Initiatives
        2. Expansion into Emerging Markets
        3. Innovation in Formulations and Technologies
        4. Demand for Natural and Organic Products
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Trends
    1. Global Sun Protection Products Market, By Form, 2022 - 2032 (USD Million)
      1. Gel
      2. Lotion
      3. Cream
      4. Others
    2. Global Sun Protection Products Market, By SPF Range, 2022 - 2032 (USD Million)
      1. SPF 15
      2. SPF 30
      3. SPF 50
      4. SPF 70
      5. Others
    3. Global Sun Protection Products Market, By Distribution Channel, 2022 - 2032 (USD Million)
      1. Store-Based
        1. Supermarkets & Hypermarkets
        2. Convenience Stores
        3. Others
      2. Non-Store-Based
    4. Global Sun Protection Products Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Johnson & Johnson Services, Inc
      2. L’Oreal S.A.
      3. The Estée Lauder Companies Inc.
      4. Revlon, Inc.
      5. Shiseido Co., Ltd
      6. Avon Products, Inc
      7. Groupe Clarins
      8. Amway
      9. Lotus Herbals Pvt. Ltd.
  7. Analyst Views
  8. Future Outlook of the Market

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