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, 2023 - 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
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)
Sun Care Cosmetic, Distribution Channel (Revenue - USD Billion, 2019 - 2032)
Sun Care Cosmetic, Regional Outlook (Revenue - USD Billion, 2019 - 2032)