Sun Protection Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2030 | Emerging research

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Market Size – USD 10.91 Billion in 2021, Market Growth – at a CAGR of 4.0%, Market Trends – Rising awareness of skin cancers and various other skin disorders

Rising popularity of sunscreen products owing to their multi-functional properties is a key driver for revenue growth of the sunscreen market”

— Emerging research

VANCOUVER, BC, CANADA, Nov. 7, 2022 /EINPresswire.com/ — The global sunscreen 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 the latest analysis from Emerging Research. Growing awareness of skin cancers and various other skin disorders and growing popularity of sunscreen products due to their multifunctional properties such as tinted sunscreens are key factors driving the market revenue growth. Prolonged sun exposure causes skin redness, sunburn and inflammation due to ultraviolet (UV) rays, reducing skin suppleness and loss of collagen, which are some major factors driving the demand for protective products solar. Sun exposure causes hyperpigmentation or uneven pigmentation of the skin, which can be avoided by regularly using sunscreen creams. According to estimates by the American Cancer Society, approximately 99,780 new melanomas are expected to be diagnosed in 2022. Excessive sun exposure increases the possibility of three forms of cancer, melanoma, basal cell carcinoma and squamous cell carcinoma, with melanomas having a higher mortality rate, while non-melanoma skin cancers have higher morbidity and skin lesions.

The report explains the scope of various business opportunities in the global sunscreen market over the coming years. The estimated revenue accumulation over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides in-depth market insights to help readers formulate lucrative strategies for business expansion. The global sunscreen industry is highly consolidated due to the presence of renowned companies operating in several international and local market segments. These players dominate the industry in terms of strong geographic reach and large number of production facilities. The companies are fiercely competitive against each other and excel in their individual technological capabilities, as well as product development, innovation and pricing strategies.

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Some highlights of the report

The lotions/creams segment accounted for the largest share of revenue in 2021 due to the provision of better sun protection. Additionally, lotions/creams offer multifunctional properties such as moisturizers, which are also contributing to the growth of this segment. Sunscreen is easily absorbed and requires less frequent application while providing effective protection.

The supermarket and hypermarket segment accounted for a large share of revenue in 2021. Availability and convenient location for consumers, which attract a large number of outlets, are driving the revenue growth of this segment. Additionally, supermarkets provide consumers with access to a variety of brands that cater to both men and women, which is contributing to the growth of the supermarket and hypermarket category. However, the availability of qualified professionals to provide quick and expert assistance and advice to buyers is a growing consumer preference.

The European market accounted for the largest share of revenue in 2021. Rising outbound tourism and outdoor activities, as well as increased awareness of the harmful effects of prolonged sun exposure on the skin, are key factors driving drive market revenue growth. According to the Center for Import Promotion (CBI), part of the Netherlands Business Agency of the Ministry of Foreign Affairs, Europe accounts for around 618 million international tourist arrivals, almost 50% of total arrivals. tourists worldwide before COVID-19. Sun damage due to the increasing number of young travelers who are significantly more engaged in travel experiences and outdoor activities is increasing the demand for sun protection products.

The adult sunscreen segment accounted for the largest revenue share in 2021. Growing demand for effective sunscreen products to prevent sunburn and premature skin aging is a major driver of revenue growth for this segment. . The requirement for new product application for effective sun protection preventing further cellular damage is increasing the usage of the product which is contributing to the growth of the market.

Leading companies in the Sunscreen industry and profiled in the report are:

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.

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

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

Baby sunscreen

Adult sunscreen

After Sun

Sun tanning

Outlook Form (Revenue, USD Billion; 2019-2030)

Vaporizers

lotion/cream

Roll-on/stick

Others

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

Supermarket & hypermarket

On line

Pharmacy & parapharmacy

Specialized shop

Others

Regional analysis:

The report sheds light on the region expected to dominate the sunscreen market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share that each region is expected to hold during the forecast period. The report analyzes the spread of the sunscreen market in key geographies covering North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. The regional analysis gives an idea of ​​production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and presence leading players in each region.

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The report covers the key points of the market including the standards, regulations and policy changes applied by the government on the industry for the coming years. The report encompasses in-depth research conducted through the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to identify trends and growth patterns. Factors likely to influence market growth, current trends, opportunities, restraining factors, and the business landscape are thoroughly discussed in the market study.

Key questions answered by the report:

What is the Sun Protection market growth rate? What is the anticipated market valuation of the sun protection industry by 2030?

What are the key growth drivers and restraining factors in the Sun Protection market?

Who are the major players operating in the market? What are the main strategies adopted by these companies?

What are the key opportunities and growth prospects for the sunscreen industry during the forecast period?

Which region is expected to show significant growth in the coming years?

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Sunscreen market size worth USD 15.53 billion in 2030