Sun Protection Market: A Look at the Industry’s Growth and Future Prospects

Sun Protection Market

The global sun protection market size was USD 10.91 Billion in 2021 and is expected to register a revenue CAGR of 4.0% during the forecast period, according to latest analysis by Emergen Research. Growing awareness of skin cancers and various other skin disorders and increasing popularity of sun protection products owing to multi-functional properties, such as tinted sunscreen, are key factors driving market revenue growth. Prolonged sun exposure causes skin reddening, sunburn, and inflammation due to Ultraviolet (UV) radiation, reducing skin flexibility and collagen loss, which are a few major factors driving demand for sun protection products. Sun exposure causes hyperpigmentation or uneven skin pigmentation, which may be avoided by using sun protection creams on a regular basis. According to American Cancer Society estimates, about 99,780 new melanomas are expected to be diagnosed in 2022. Excessive sun exposure increase possibility of three forms of cancer, melanoma, basal cell carcinoma, and squamous cell carcinoma, with melanomas having a higher fatality rate, while non-melanoma skin cancers have a greater morbidity and skin damage. Furthermore, various major pharmaceutical and cosmetology companies are researching & developing better and effective sun protection solutions that would provide manufacturing quality, efficacy, and safe sunscreen formulations.

The Sun Protection market research report is broadly bifurcated in terms of product type, application spectrum, end-user landscape, and competitive backdrop, which would help readers gain more impactful insights into the different aspects of the market. Under the competitive outlook, the report’s authors have analyzed the financial standing of the leading companies operating across this industry. The gross profits, revenue shares, sales volume, manufacturing costs, and the individual growth rates of these companies have also been ascertained in this section. Our team has accurately predicted the future market scope of the new entrants and established competitors using several analytical tools, such as Porter’s Five Forces Analysis, SWOT analysis, and investment assessment.

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Leading Players Profiled in the Report Include:

Beiersdorf Global, Johnson & Johnson Services, Inc., L’Oréal, Clarins, Shiseido Company, Procter & Gamble, The Estée Lauder Companies Inc., Burt’s Bees, Unilever, and VLCC Wellness

Some Key Highlights From the Report

  • The adult sun cream segment accounted for largest revenue share in 2021. Increasing demand for effective sun protection products for preventing sunburn and premature skin aging is a major factor driving revenue growth of this segment. Requirement of re-application of product for effective sun protection preventing further cell damage is increasing usage of product, which is contributing to market growth.
  • The supermarket & hypermarket segment accounted for a significant revenue share in 2021. Availability and convenient location for consumers, which attracts a large number of footholds are driving revenue growth of this segment. Furthermore, supermarkets provide consumers with access to a variety of brands that cater to both men and women, which contributes to growth of the supermarket and hypermarket category. However, availability of qualified professionals to provide expert rapid assistance and advice to buyers is growing consumer preference.
  • The Europe market accounted for largest revenue share in 2021. Increasing outbound tourism and outdoor activities in addition to increasing awareness regarding harmful effects of prolonged sun exposure on skin are key factors driving revenue growth of the market. According to the Centre for Promotion of Imports (CBI), part of the Netherlands Enterprise Agency, Ministry of Foreign Affairs, Europe accounts for around 618 million international tourist arrivals, which is almost 50% of total tourist global arrivals before COVID-19. Sun damage due to growing number of young travelers who are considerably more engaged in travel experiences and outdoor activities is  increasing demand for sun protection products.

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Emergen Research has segmented the global sun protection market based on product type, form, distribution channel, and region:

  • Product Type Outlook (Revenue, USD Billion; 2019-2030)

    • Baby sun cream
    • Adult sun cream
    • After sun
    • Tanning
  • Form Outlook (Revenue, USD Billion; 2019-2030)

    • Sprays
    • Lotion/cream
    • Roll-on/stick
    • Others
  • Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

    • Supermarket & hypermarket
    • Online
    • Pharmacy & drugstore
    • Specialty store
    • Others

The global Sun Protection market is classified into the following regions:

  • North America (the U.S., Canada)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Europe (the U.K., Italy, Germany, France, Rest of EU)
  • Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • The Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

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Key Points Covered in This Section:

  • Regional contribution
  • Estimated revenue generation
  • Vital data and information about the consumption rate in all the leading regional segments
  • An expected rise in market share
  • Forecast growth in the overall consumption rate

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