Sun Protection Products Market Manufacturers Analysis, Industry Growth Prospectus, Regional Overview to 2027
The Global Sun Protection Products Market is
estimated to be valued at USD 11,002.34 Million by 2025 and is
expected to register a CAGR of 5.31% during the forecast
period. The demand for natural and organic skincare products is increasing,
especially in Europe and North America, opening up avenues for manufacturers to
develop products with natural and organic ingredients. Natural chemicals such
as polyphenols (curcumin and tannins), anthocyanidins, carotenoids, volatile
oils from vegetables and fruits, medicinal plants such as aloe vera juice, algae,
and lichens are more effective than synthetic chemicals. Owing to the long-term
benefits of natural ingredients, especially against UV rays and free radicals,
which cause skin damage, they are widely preferred by the manufacturers of sun
protection products.
Sun
Protection Products Market Analysis
Europe was the largest market for sun protection products
in 2018 and the regional market is expected to maintain its
dominance during the forecast period. North America held a notable market share
in 2018 and the regional market is expected to register a
growth rate of 4.99% during the forecast period. However, the
Asia-Pacific market is projected to register the highest CAGR of 5.49% during
the forecast period of 2019 to 2025. Rising awareness of the
potential effectiveness of sun protection products has led to an increase in
sales of these products in the region.
Market players are offering products with various advantages
and convenience, as well as better quality. However, there is an extremely low
scope for product differentiation among the biggest brands in the market as
these companies offer similar formulations and packaging in the same price
range. Manufacturers have responded to consumer needs by tapping into a variety
of segments; they are focused on high protection, including SPF 100+.
Furthermore, innovation in products is expected through the use of new
ingredients, technology, and environmentally friendly ingredients and
materials.
Segmental Analysis
The global sun protection products market has been segmented
on the basis of form, SPF range, application, and region.
Based on form, the global sun protection products market is
segmented into gel, lotion, cream, and others. The cream segment is
projected to register the highest CAGR of approximately 5% during
the forecast period. Sun protecting creams shield the collagen, elastin, and
keratin in the skin, which keep it smooth and firm; these products also protect
the skin from irritation caused by UV rays. Such creams have a higher oil
content as compared to other forms of sun protection products. They have high
viscosity, making them heavier, thus, protecting against moisture loss. Creams
are generally suitable for dry or dehydrated skin, as they moisturize the skin
along with protecting it from UV rays.
By SPF range, the market has been divided into SPF 15, SPF 30,
SPF 50, SPF 70, and others. The SPF 30 segment garnered the largest share of
the global sun protection products market in 2018. Sun protection
products with SPF 30 allow 1/30th of the ambient UV rays to penetrate or reach
the surface of the skin. SPF 30 blocks nearly 97% of UVB
radiations. According to the Cancer Council of Australia, consumers should opt
for sun protection products with SPF 30 or above that are water-resistant and
labeled as broad-spectrum products that filter both UVA and UVB radiation.
Market Players
Market Research Future recognizes Johnson &
Johnson Services, Inc (US), L’Oreal S.A. (France), The Estée Lauder Companies
Inc. (US), Revlon, Inc. (US), Shiseido Co., Ltd (Japan), Avon Products, Inc
(UK), Groupe Clarins (France), Amway (US), Lotus Herbals Pvt. Ltd. (India), Edgewell
Personal Care Company (US), Beiersdorf AG (Germany), Procter & Gamble
Company (US), and Unilever (UK) as the key players active in the
global sun protection products market.
Regional Analysis
Geographically, the global sun protection products market
has been segmented into North America, Europe, Asia-Pacific, Central &
South America, and the Middle East & Africa. As per MRFR analysis, Europe
dominated the market, accounting for the largest share of 35.00% in
2018. However, the market in Asia-Pacific is expected to register the
highest CAGR of 5.49% during the assessment period.
Complete Report Details @ https://www.marketresearchfuture.com/reports/sun-protection-products-market-8087
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