The Sun Care Products Market was valued at US$ 11.57 billion in 2022. Rising worries about skin protection from the sun’s damaging rays, as well as growing awareness about skin cancer, are driving market expansion. As a result of the COVID-19 epidemic, sales of sun care products have declined as clients have converted to a work-from-home lifestyle. As a result of this factor, consumers worldwide reduced their leisure, recreational, and sports event travel in 2020, resulting in lower consumer consumption.
Sun Care Products Market Overview:
The Sun Care Products Market is predicted to develop at a rapid pace during the forecast period, owing to a variety of factors such as rising Sun Care Products demand, increasing Sun Care Products technology adoption, and rising consumer disposable incomes. The paper also notes a number of market issues, such as increased competition from replacement products and regulatory impediments.
Key Insights :
Sun Care Products Market Size in 2022 was worth US $ 11.57 Bn. at a CAGR 4% and it is expected to reach US $ 15.22 Bn. in 2029.
Sun Care Products Market Scope:
This study’s market scope is to evaluate the Sun Care Products market size, share, trends, total profits, gross revenue, and profit margin. Using a SWOT analysis, the study also seeks to identify the strengths and weaknesses of the market’s major rivals. The report will provide expert insights to investors to keep them up to date on market trends.
The research will also include information on the top industry players in the Sun Care Products market, such as company biographies, product pictures and specifications, capacity, production, pricing, cost, revenue, and contact information. The analysis will also look at regional and company market trends, volume, and value.
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Sun Care Products Market Drivers:
The growing global awareness of skin cancer and other skin ailments has increased demand for sun care products, which is expected to climb further throughout the forecast period. Furthermore, these products are gaining popularity among clients due to their multi-functional sun protection and wrinkle prevention capabilities. People are becoming more conscious of the importance of protecting their skin from damaging UV rays, which is fueling the worldwide sun care market’s rapid expansion. As government health experts work to reduce the rising number of cases of UV-induced melanomas, the use of such devices grows.
Sun Care Products Market Segmentation:
by Product Type
• Adult Sun Cream
• Baby Sun Cream
• After Sun
• Fake Tan/Self Tan
• Tanning
by Distribution channel
• Hypermarket & supermarket
• Pharmacy & drug store
• Specialty store
• Online
• Others
Key Players:
The research looks at important advancements in the Sun Care Products business, as well as organic and inorganic growth strategies. Organic growth tactics, such as new product releases, product approvals, patents, and events, are being pursued by a variety of businesses. Acquisitions, partnerships, and collaborations are examples of inorganic growth tactics mentioned in the industry. As demand rises, industry participants in the Sun Care Products markets are expected to profit from favourable growth opportunities in the future.
The following is a list of a few firms involved in the document camera industry.
• Beiersdorf AG
• Groupe Clarins
• Johnson & Johnson
• Coty Inc.
• Shiseido Co. Ltd.
• L’oreal
• Burt’s Bees
• Bioderma Laboratories
• Unilever
• Procter & Gamble
• Kao Corp.
• Avon Products, Inc.
• Christian Dior SE
• Estee Lauder
• Shiseido Company
Table Of Content :
1. Sun Care Products Market: Research Methodology
2. Sun Care Products Market: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Sun Care Products Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Sun Care Products Market: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• Latin America
3.12. COVID-19 Impact
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Regional Analysis:
The market is separated into five regions for regional analysis: North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Each region is divided further into sub-regions and countries. Profit estimates and market share data for each country are included in the analysis. Throughout the estimated time period, the share and growth rate of each region, country, and sub-market region are also analysed.
The PEST analysis for each region looks at the political, economic, social, and technological factors driving the Sun Care Products market in that region. Government laws, trade policy, and political stability are examples of political influences. GDP growth, inflation, and interest rates are all economic factors. Demographics, consumer spending, and lifestyle trends are examples of social influences. Technological innovation, product development, and the adoption of new technologies are examples of technical factors.
COVID-19 Impact Analysis on Sun Care Products Market:
The pandemic of COVID-19 has had a tremendous impact on customer behaviour across many industries. To remain competitive, industries will need to adjust their strategy to shifting market demand.
In addition, the study covers extensive market research, competition analysis, and industry trends.
The study’s conclusions can assist organisations in the Sun Care Products market in adapting to the new normal and building a prosperous future.
Here are a few examples of how the COVID-19 epidemic has affected the Sun Care Products market:
As people spend more time at home, the market for Sun Care Products products have skyrocketed.
The supply chain for Sun Care Products products have been interrupted, resulting in certain shortages.
Government measures have been implemented to restrict people’s migration, affecting demand for Sun Care Products products.
Key Questions Answered in the Sun Care Products Market Report are:
- Market potential: What is the total addressable market for Sun Care Products ? What is the current market size? What is the expected growth rate for the market over the next few years?
- Regional market: Which regional market is expected to lead the Sun Care Products market in the next few years? What are the factors driving growth in these regions?
- Application category: Which application category is expected to see the most rapid growth in the Sun Care Products market? What are the factors driving growth in this category?
- Development opportunities: What are the key development opportunities for the Sun Care Products sector in the next few years? What are the trends that are driving these opportunities?
- Future challenges: What are the most important future challenges that the Sun Care Products market may face? How can businesses mitigate these challenges?
- Market leaders: Who are the leading companies in the Sun Care Products segment? What are their strengths and weaknesses?
- Positive trends: What are the primary trends that are positively affecting market growth? How can businesses capitalize on these trends?
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