Sun Protection Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2030
According to the most recent Emergen Research analysis, the global sun protection market was worth USD 10.91 billion in 2021 and is expected to grow at a 4.0% CAGR during the forecast period. Growing awareness of skin cancers and other skin disorders, as well as the increasing popularity of multi-functional sun protection products such as tinted sunscreen, are key factors driving market revenue growth. Prolonged sun exposure causes skin reddening, sunburn, and inflammation as a result of Ultraviolet (UV) radiation, as well as decreased skin flexibility and collagen loss, all of which are major factors driving demand for sun protection products. Sun exposure causes hyperpigmentation or uneven skin pigmentation, which can be avoided by regularly applying sun protection creams.
Manufacturers are focusing on meeting consumer demand for innovative, multifunctional sun protection products that nourish the skin. Because suncare creams and lotions provide complete skin nourishment while also protecting the skin from UV rays, demand for after-sun protection such as creams and lotions is expected to rise. Most manufacturers aim to target health-conscious consumers worldwide by using organic and natural ingredients instead of chemicals when producing sun protection products.
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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
In 2021, the adult sun cream segment generated the most revenue. The rising demand for effective sun protection products to prevent sunburn and premature skin ageing is a major factor driving this segment’s revenue growth. The requirement to reapply product for effective sun protection and to prevent further cell damage is increasing product usage, which is contributing to market growth.
Because of better sun protection, the lotion/cream segment accounted for the largest revenue share in 2021. Furthermore, lotion/cream products have multi-functional properties such as moisturisers, which contribute to the segment’s growth. While providing effective protection, sunscreen cream is easily absorbed and requires less frequent application.
Shiseido collaborated with the World Surf League (WSL) to release limited edition Shiseido x WSL Ultimate Sun Protector Lotion SPF 50+ and Clear Sunscreen Stick SPF 50+ on June 21, 2022. Shiseido will donate a portion of the proceeds from the limited edition packaging design to the World Surf League’s environmental efforts to educate, inspire, and empower ocean protection.
In 2021, Europe will have the highest revenue share. Increasing outbound tourism and outdoor activities, as well as raising awareness about the harmful effects of prolonged sun exposure on skin, are key factors driving market revenue growth. According to the Netherlands Enterprise Agency’s Ministry of Foreign Affairs’ Centre for Promotion of Imports (CBI), Europe accounts for approximately 618 million international tourist arrivals, accounting for nearly 50% of total tourist global arrivals prior to COVID-19. Sun damage is increasing demand for sun protection products as the number of young travellers who are significantly more engaged in travel experiences and outdoor activities grows.
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
Form Outlook (Revenue, USD Billion; 2019-2030)
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Supermarket & hypermarket
- Pharmacy & drugstore
- Specialty store
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- North America
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