Dublin, March 14, 2023 (GLOBE NEWSWIRE) -- The "Sun Care Products: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Sun Care Products estimated at US$11.9 Billion in the year 2022, is projected to reach a revised size of US$23.2 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2022-2030.
Sun-Care Products, one of the segments analyzed in the report, is projected to record 9.2% CAGR and reach US$19.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the After Sun Products segment is readjusted to a revised 6.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 13.5% CAGR
The Sun Care Products market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2030 trailing a CAGR of 13.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 7.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
Select Competitors (Total 12 Featured) -
- Avon Products Inc.
- Bayer Healthcare
- Beiersdorf AG
- Blistex Inc.
- Clarins Group
- Edgewell Personal Care Company
- Johnson & Johnson
- L`Oreal S.A
- Neutrogena Corporation
- Shiseido Co. Ltd.
- The Estee Lauder Companies Inc.
- Walgreens Boots Alliance
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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 258 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value (USD) in 2020 | $10.7 Billion |
| Forecasted Market Value (USD) by 2027 | $18 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Industry to Shine with Brighter Prospects
- Recent Market Activity
- Current & Future Analysis
- Growth Drivers in a Nutshell
- Challenges in a Nutshell
- Developing Countries Drive Future Market Growth
- Sunscreens and Skin Cancer
- Consumer Awareness: Key to Demand for Sun Care Products
- Value Added Features Drive Sales
- Demand for Youthful Appearence Add to Market Opportunities
- Competition
- Leading Players
- Manufacturers Devise Distinct Strategies
- Sun Care Products - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Innovations Fuel Growth in Suncare Products Market
- Demand for Stronger Sunscreens Ups the Demand for Ingredients
- Novel Ingredients - A Prime Focus Area in Corporate R&D Agenda
- Sustainability Emerges as a Buzzword in Sun Care Products Market
- Demand for Natural Sun Screens Picks Up
- Preference for Organic Products on Rise
- Multi-Functional Products - A Crossover Segment Gaining Popularity
- Sun Protection Factor (SPF) in Skin Care Products
- Self-Tanning Products Witness Strong Demand
- Industry Witnesses Growing Penetration of Nano Particles in Sun Care Products
- Sunscreens for Sensitive Skin - An Emerging Niche
- Sun Care Products for Kids - A High Growth Avenue
- Smart Devices and Wearables to Determine Sun Exposure Drive Opportunities
- Anti-Pollution Sunscreens Gain Entry
- Research-Backed Ingredients: Key to Success in the Marketplace
- Market Witnesses Evolution of Edible Sunscreens
- Lotion Pumps for Sun Care Products Witness Rapid Uptake
- Stem Cell Technology: The New Frontier
- Sunscreens with High SPF under Question Even as their Demand Increases
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/h698df
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