Dublin, March 02, 2023 (GLOBE NEWSWIRE) -- The "Sunless Tanners: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Sunless Tanners estimated at US$1.5 Billion in the year 2022, is projected to reach a revised size of US$2.3 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2022-2030.
Lotions, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$1.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Gels segment is readjusted to a revised 6.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $402.5 Million, While China is Forecast to Grow at 7.6% CAGR
The Sunless Tanners market in the U.S. is estimated at US$402.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$130.5 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$123.4 Million by the year 2030.
Select Competitors (Total 68 Featured) -
- Avon Products, Inc.
- Beiersdorf AG
- Christian Dior SE
- Edgewell Personal Care LLC
- Fake Bake
- Johnson & Johnson Services, Inc.
- Kao Corporation
- L'Oreal S.A.
- Shiseido Co., Ltd.
- TanTowel
- The Estee Lauder Companies, Inc.
- Unilever Plc
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Report Metrics
| Report Attribute | Details |
| No. of Pages | 280 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.5 Billion |
| Forecasted Market Value (USD) by 2030 | $2.3 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- 2020 Marked as a Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- General Assessment of Impact of COVID-19 on Personal Care and Beauty Industry
- Global Personal Care Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- COVID-19 Brings Seminal Shifts in Beauty Consumption Patterns with New Trends
- Self Tanning Products Market to Improve after COVID-19 Outbreak Setback
- E-Commerce Wave Unlikely to Recuperate Losses for Beauty Products Caused by COVID-19-Led Store Closures
- Sunless Tanners - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Sunless Tanners: A Prelude
- Types of Sunless Tanners
- Advantages & Disadvantages of Sunless Tanners
- Outlook: The Desire for Glowing, Healthy and Naturally Tanned Look Boosts Market Growth
- Europe Leads Sunless Tanners Market, Emerging Markets Set to Spearhead Future Growth
- Concerns over Skin Cancer Move UV-Free Tanners Demand in Upward Trajectory
- Skin Cancer Rates Across Select Countries: 2018
- Promising Growth of Sun Care Market: A Considerable Opportunity for Sunless Tanners Market
- Global Sun Care Market by Product Segment (2020): Percentage Breakdown of Value Sales for After Sun Products, Self-Tanning Products and Sun Protection Products
- Competition
- A Fragmented Market
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Advanced Formulas and Technologies Pep up Growth in Sunless Tanning Market
- Mists Gain Popularity
- Innovative Products and Formulations Help Self-Tanners Support Growth
- A Glimpse of Select Recently Unveiled Formulations
- Tanning Water: A Popular Emerging Trend
- Advanced Technologies Come to the Fore
- Understanding the Usage and Performance of Self-Tanners
- Characteristics that Make a Great Self Tanner
- Manufacturers Focus on Developing DHA-Free Sunless Tanning Products
- Natural & Organic Ingredients Gather Steam
- Select Unique Ingredients in Sunless Tanners & Their Benefits
- Select Sun Tanners with Natural & Organic Ingredients
- Multifunctional Self-Tanning Products with Multiple Benefits Grow in Popularity
- Self-Tanning Market Gets Premium Makeover
- Self-tan Eraser Products: Prepping Skin for Next Application of Tan
- Improving Manufacturing Processes and Quality of Ingredients Resolve Orange Color Effect and Unpleasant Odor Issues in Self-Tan Products
- Self-Tanning Products for Sensitive Skin: Addressing Needs of People with Skin Issues
- Rising Popularity of Tanning among Men Augurs Well for Sunless Tanners Market
- Share of Men Using Tanning Products and Services in the UK: 2015 Vs 2019
- Millennials: A Strong Demographic
- Global Millennials Population Spread by Region: 2019
- Millennial Population as a Percentage (%) of Total Population in Select Countries: 2019
- How Safe Are Self-Tanning Products?
- Sunless Tanning Pills: An Ingestible Alternative to Fake Tan Products
- Rising Prominence of Home Remedies Threatens Commercial Self-Tan Products
- Social Media Emerges as a Vital Tool to Increase Consumer Engagement and Promote Sales
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/218k32
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