Sun Care Cosmetics Market Size Worth $16.02 Billion By 2032 | CAGR: 3.7%

Sun Care Cosmetics Market Size Worth $16.02 Billion By 2032 | CAGR: 3.7%

The global sun care cosmetics market size is expected to reach USD 16.02 billion by 2032, according to a new study by Polaris Market Research. The report “Sun Care Cosmetics Market Share, Size, Trends, Industry Analysis Report, By Product (Adult Sun Cream, Baby Sun Cream, After Sun, Fake Tan/Self Tan, Tanning); By Distribution Channel; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing worries about the negative effects of sunshine and rising public knowledge of skin cancer are the primary factors driving market expansion and innovation. Consumers today are looking for cosmetics with several uses, including anti-aging, makeup/beauty, and protection from skin diseases like skin cancer, sunburns, dark spots, wrinkles, and dryness. As a result, the best way for players to gain traction is through innovation in the cosmetics industry, particularly in the field of sun care products.

The sun care cosmetics that consumers choose to use are influenced by several cultural, social, and personal variables. The price of the product has a big impact on how popular it is. Expensive goods are perceived to be of superior quality when compared to their less costly rivals. Thus, goods discounts have a big impact on consumers' buying choices.

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Customers' spending habits and purchase decisions have been impacted by the COVID-19, which has caused a little slowdown in market expansion. This is as a result of many regulations put in place by the government to stop the COVID-19's spread. Due to this factor, consumers reduced their travel for pleasure, recreation, and sporting activities in 2020, which in turn reduced the need for sun care goods.

Sun Care Cosmetic Market Report Highlights

  • The category of supermarkets and hypermarket led the industry in 2022. This delivery method continues to be popular with many customers worldwide. Supermarkets and hypermarkets offer a vast choice of product options and variations all under one roof.
  • Between 2023 and 2032, the online distribution channels market is expected to grow at the quickest rate. Many businesses only conduct business through the e-commerce channel. These portals offer significant discounts to customers, increasing exposure and revenue. The average increase in global online sales of skincare and cosmetics between June 2019 and June 2020, according to data from Blucore, was 127%.
  • Asia Pacific dominated the market in 2022. The primary cause of skin cancer is prolonged exposure to ultraviolet radiation (UVR), which can come from both natural sources like the sun and artificial sources like sunbeds. Due to growing consumer awareness of the harmful effects of UV radiation, it is projected that there would be an increase in the market for sun care cosmetic products in the area.
  • The major players are Clorox Company, Coty Inc., Shiseido Company Ltd., L'Oréal Groupe, The Estée Lauder Companies Inc., Unilever, Groupe Clarins, and Beiersdorf AG are a few of the main companies competing on the international market.

Polaris Market Research has segmented the sun care cosmetic market report based on product, distribution channel and region:

Sun Care Cosmetics, Product (Revenue - USD Billion, 2019 - 2032)

  • Adult Sun Cream
  • Baby Sun Cream
  • After Sun
  • Fake Tan/Self Tan
  • Tanning

Sun Care Cosmetic, Distribution Channel (Revenue - USD Billion, 2019 - 2032)

  • Supermarkets/Hypermarkets
  • Online
  • Specialty Stores
  • Others

     Sun Care Cosmetic, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa