NEWARK, Del, , Sept. 26, 2023 (GLOBE NEWSWIRE) -- The mineral sunscreen market size is US$ 1,470.3 Million in 2023 and is likely to attain a valuation of US$ 2,441.0 Million by 2033. The mineral sunscreen market share is projected to rise at a CAGR of 5.2% from 2023 to 2033.
K-beauty and J-beauty trends are substantially influencing the mineral sunscreen market growth. Beauty products from Korea and Japan are renowned for their cosmetic elegance, which includes a smooth and non-greasy finish. In order to satisfy consumer's need for soothing sun protection, mineral sunscreens with a matte or transparent finish are gaining popularity.
The exposure and accessibility of K-Beauty and J-Beauty products, especially mineral sunscreens, have expanded due to the globalization of Asian beauty trends via social media and e-commerce platforms. The market demand is rising largely due to consumers' greater awareness of these products and their advantages.
Avobenzone, oxybenzone, and octinoxate are common chemical sunscreen ingredients that may irritate those with sensitive skin. Mineral sunscreens are hypoallergenic and less prone to irritate the skin or produce allergy reactions because they are made of benign physical blocks. The market for mineral sunscreens continues to expand as more consumers look for sun protection options suitable for their sensitive skin.
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Consumers are increasingly drawn to skincare products free of synthetic chemicals and pollutants, fueling the clean beauty movement. Mineral sunscreens fit this trend because they are made with all-natural UV-blocking agents like zinc oxide and titanium dioxide. Consumers prioritizing healthy and sustainable skincare are becoming more attracted to non-toxic, eco-friendly products, promoting sales of mineral sunscreens.
“The mineral sunscreen market is on a trajectory of rapid growth due to distinct factors converging together—the clean beauty movement, sustainability conscience, health concerns, and expert endorsements. In the near future, market growth is anticipated as long as customers continue to prioritize efficient, secure, and environmentally responsible sun protection,” says an FMI analyst.
Key Takeaways from Mineral Sunscreen Market Report
- In 2018, the global market size stood at US$ 1,145.5 million.
- In 2022, the global market size stood at US$ 1,403 million.
- Canada’s mineral sunscreen market share is 4.3% in 2023.
- Australia’s mineral sunscreen market share is 2% in 2023.
- India’s mineral sunscreen market share is 4.5% in 2023.
- China’s mineral sunscreen market share is 6.1% in 2023.
- In 2023, the direct sales channel segment captured an 8.66% share of the mineral sunscreen industry.
- In 2023, the dry skin type segment captured nearly 26.99% of the mineral sunscreen market shares.
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Key Players in the Mineral Sunscreen Market
- Neutrogena
- EltaMD Inc.
- Sun Bum
- Johnson & Johnson Consumer Inc.
- La Roche-Posay
- Avalon Natural Products Inc.
- J&JCI
- Australian Gold LLC
- Edgewall
- Goddess Garden
- Coppertone
- Drunk Elephant
- BeautyCorner
Recent Developments in the Mineral Sunscreen Market
- Glenmark Pharmaceuticals launched La Shield in 2012. Over the years, the brand grew its portfolio to offer a range of mineral sunscreens that cater to different skin types.
- Chennai-based CHOSEN® has launched six mineral-based sunscreens under the banner of SAFESCREEN™ to suit Indian skin types. The sunscreens are made of 80-90 percent natural ingredients and have high SPF perfect for Indian skin types ranging from 30 to 50+ and a high PA of ++++ rating.
- Croda has become an R&D partner with Entekno Materials for solar protection, featuring the upcoming mineral sunscreen line Solaveil MicNo. The partnership is focused on driving innovation and delivering natural and safe inorganic sunscreens to the market.
Market Segmentation
By Skin Type:
- Dry
- Oily
- Sensitive
Sun Protection Factor:
- Up to 29 SPF
- 30 SPF to 49 SPF
- 50 SPF to 69 SPF
- 70 SPF and more
By Consumer Orientation:
- Male
- Female
- Unisex
By Nature:
- Natural
- Organic
- Synthetic
Price Range:
- Economy/Mid-Range
- Premium
Age:
- Adult
- Children
Sales Channel:
- Direct
- Indirect
- Supermarkets/Hypermarkets
- Convenience Stores
- Independent Small Stores
- Discounted Stores
- Online Sales Channel
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
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Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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