Market Size of Sun Care Products Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.48 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Sun Care Products Market Analysis
The sun care products market is projected to witness a CAGR of 3.48% in the upcoming five years.
The market is anticipated to be one of the fastest-growing segments within the personal care industry, driven by the rise in consumer awareness related to skin cancer and aging associated with exposure to UV rays. The demand for self-tanning products is expected to surge in the foreseeable future, and most of the need is likely to be concentrated across North America and Europe.
Consumers will likely look for one-stop solutions across cosmetic brands in the coming years. Therefore, most sun care products available in the market are likely to be infused with a combination of compounds having anti-aging properties and intensive moisturizing solutions. For instance, in February 2022, the skincare brand La Roche-Posay introduced Anthelios UV Correct SPF 70 Daily Anti-Aging Face Sunscreen. It is formulated with Cellox-B3 Shield technology to protect the skin from signs of sun damage. It is formulated with an oxybenzone and octinoxate-free formula that blends on all skin tones and stimulates collagen production.
Furthermore, the growing demand for organic suncare products is expected to provide opportunities for market players in the coming years. These products are made of natural ingredients and are derived from plants. Thus, brands are now offering paraben-free suncare products to satisfy the growing demand for natural products in the market due to rising awareness about the side effects of chemicals used in suncare products.
