Global Sun Protection Products Market is estimated to be valued at USD 11,002.34 Million by 2025 and is expected to register a CAGR of 5.31% during the forecast period. The demand for natural and organic skincare products is increasing, especially in Europe and North America, opening up avenues for manufacturers to develop products with natural and organic ingredients. Natural chemicals such as polyphenols (curcumin and tannins), anthocyanidins, carotenoids, volatile oils from vegetables and fruits, medicinal plants such as aloe vera juice, algae, and lichens are more effective than synthetic chemicals. Owing to the long-term benefits of natural ingredients, especially against UV rays and free radicals, which cause skin damage, they are widely preferred by the manufacturers of sun protection products.
These ingredients offer strong antioxidant, moisturizing, and cooling effects on the skin, making them ideal ingredients for various skincare and personal care products. Frequent reapplication of organic sun protection products helps mitigate the damage caused by UV radiation and avoid chronic conditions such as cancer. Hence, these natural chemicals can be used in sunscreen products. The rising demand for clean label products, increasing consumer awareness of health and wellness, and growing consumer interest in natural and organic products are expected to offer lucrative opportunities to the players active in the global sun protection products market.
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The global sun protection products market has been segmented on the basis of form, SPF range, application, and region.
Based on form, the global sun protection products market is segmented into gel, lotion, cream, and others. The cream segment is projected to register the highest CAGR of approximately 5% during the forecast period. Sun protecting creams shield the collagen, elastin, and keratin in the skin, which keep it smooth and firm; these products also protect the skin from irritation caused by UV rays. Such creams have a higher oil content as compared to other forms of sun protection products. They have high viscosity, making them heavier, thus, protecting against moisture loss. Creams are generally suitable for dry or dehydrated skin, as they moisturize the skin along with protecting it from UV rays.
By SPF range, the market has been divided into SPF 15, SPF 30, SPF 50, SPF 70, and others. The SPF 30 segment garnered the largest share of the global sun protection products market in 2018. Sun protection products with SPF 30 allow 1/30th of the ambient UV rays to penetrate or reach the surface of the skin. SPF 30 blocks nearly 97% of UVB radiations. According to the Cancer Council of Australia, consumers should opt for sun protection products with SPF 30 or above that are water-resistant and labeled as broad-spectrum products that filter both UVA and UVB radiation.
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Based on distribution channel, the global sun protection products market has been classified as store-based and non-store-based. The store-based segment has been further divided into supermarkets and hypermarkets, convenience stores, and others. In 2018, the store-based segment accounted for the larger share and it is expected to register a CAGR of 5.28% during the forecast period of 2019 to 2025. Supermarkets and hypermarkets account for the majority of personalized sales of cosmetics and skincare products, including sun protection products. Convenience stores also contribute significantly to the distribution of sun protection products. Consumers prefer store-based channels as they provide a one-stop shopping experience.
"Sun Care Products Market 2020" record percentage informative facts figures in addition to critical insights concerning a number of the market element that is taken into consideration to be destiny path architects for the market.
This consists of elements including market size, market percentage, market segmentation, good-sized increase drivers, market opposition, exclusive elements impacting monetary cycles with inside the market, demand, anticipated commercial enterprise up-downs, converting patron sentiments, key agencies running with inside the Sun Care Products Market, etc.
The record affords a 360-diploma evaluation and SWOT evaluation of the aggressive panorama of the industries.
The fundamental goals of the studies record complex the general market evaluation on Sun Care Products market dynamics, ancient extent and value, sturdy market methodology, present-day and destiny trends, Porter's Five Forces Analysis, upstream and downstream enterprise chain, new technological development, value shape, authorities guidelines, and regulations, etc.
Major agencies, organization evaluation, monetary facts, merchandise and services, method evaluation, key trends market opposition, enterprise opposition shape evaluation, SWOT Analysis, etc.
The ultraviolet (UV) radiation with inside the daylight, whilst overexposed to, reasons painful sunburn and can cause extra severe fitness problems, which include untimely getting old of pores and skin, eye damage, immune device suppression, and pores and skin cancer.
Study on the Global Sun Protection Products MarketFact.MR, recently published a market study which indicates that the global Sun Protection Products market is anticipated to grow at a CAGR of ~7% during the forecast period (2020-2030).
The growth of the Sun Protection Products market is predominantly driven by rising demand for Sun Protection Products from multiple end-use industries.Due to the pandemic, we have remembered an uncommon segment for the Impact of COVID 19 on the Scientific Research Satellites Services Market which would make reference to How the Covid-19 is influencing the Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for Sun Protection Products Market Players to Combat Covid-19 Impact.Request to View Sample of Report @ https://www.factmr.com/connectus/sample?flag=S_id=140The presented study addresses the following queries related to the Sun Protection Products market:Why is the demand for product 1 expected to witness considerable growth over the forecast period?How will progress in technology influence the growth of the Sun Protection Products market in the upcoming years?Which region is likely to emerge as the most lucrative pocket for market players?What are the recent trends that are likely to impact the growth of the Sun Protection Products market in the near future?Which market players are expected to have a strong global presence in the Sun Protection Products market?Competitive LandscapeThe presented market report dives deep into understanding the business strategies adopted by leading market players in the global Sun Protection Products market.
Further, the SWOT analysis for leading market players is enclosed in the report along with the revenue share, pricing analysis, and product overview of each company.Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, product portfolio of Sun Protection Products manufacturers, and recent developments in the Sun Protection Products market space.
These factors were the representative of an entire value chain, as well as macro-economic indicators such as production have been taken into consideration to arrive at the volume consumption of Sun Protection Products in respective countries.The weighted average selling price for Sun Protection Products was considered to estimate the market size for top Sun Protection Products consuming countries.
These prices were captured in their respective countries, and then converted into USD to offer forecasts in one consistent currency standard.Given the characteristics of the market, Fact.MR triangulated the data based on supply side, demand side, and dynamics of the global Sun Protection Products market.
However, quantifying the market across the abovementioned segments is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.It is imperative to note that, in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR but also analyze on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and identify the right opportunities.Another key feature of this report is the analysis of the global Sun Protection Products market and the corresponding revenue forecast in terms of absolute dollar opportunity.
