Sun Screen Market : Overview
Sunscreen, suntan and sunblock are available in gel, spray, lotion or other topical formula that either reflects or absorbs some of the sun's ultraviolet (UV) radiation.
The product is largely used for protecting oneself against sunburn. Regular use of sunscreen can also slowdown the process of skin aging as well as momentarily prevent the development of wrinkles.
In many ways, sunscreen is more than just a sun blocking lotion. The American Cancer Society has suggested that use of sun screen can reduce the risk of squamous cell carcinomas.
However, a number of sunscreens available in the market may not come with UVA radiation protection. In several cases, primary cause of photodermatitis and melanoma has been linked with extreme exposure to UVA radiation. Sunscreens are normally labeled and rated with sun protection factor (SPF) that dilutes the fraction of UVA present in sun rays that reach the skin.
For instance, "SPF 15" refers to 1/15th of the burning radiation that reach the skin.
Fact.MR’s latest study projects that the global sun screen market will increase at a CAGR of 5.6% between 2017 and 2022 to reach a valuation of US$ 13,464.9 Mn.
Moreover, growing popularity of natural and organic sun protection formula as well as the universal desire to remain young and attractive is driving innovation in beauty and wellness products.
Sun Protection Products to Remain Highly Sough-After in the Market
Towards the end of forecast period, around US$ 5,675.7 Mn worth sun protection products are expected to sold worldwide. In terms of revenue, sun protection products currently account for more than one-third share of the market.
Further, highlighting the use of natural and herbal ingredients in sun protection products remain a key branding strategy for manufacturers, which creates a positive image of the product on the consumer’s mind.
Hypermarket/supermarket will Remain the Leading Distribution Channel for Sun Screen
Based on distribution channel, hypermarket/supermarket will continue to be an attractive distribution channel for sun screen.
Mushrooming of hypermarket/supermarket in emerging markets such as China and India is helping the global sun screen market gain further momentum. Hypermarket/supermarket can accommodate huge stocks of wellness products including suns screen and also making them easily available to consumers.
In recent years, online retails stores have also emerged as a lucrative distribution channel as many of the younger generation of consumers prefer to shop online. By 2022-end, the online sales segment is expected to reach a market valuation of US$ 2,879.4 Mn, reflecting a CAGR of 5.1%.
Global Sun Screen Market- Regional Overview
Among regions, Asia Pacific excluding Japan (APEJ) is expected to remain at the forefront of the global sun screen market. APEJ’s sun screen market revenue is anticipated to increase at a CAGR of 6.4% during the forecast period. This is primarily owing to rising disposable income in the many of the emerging countries in the region.
Moreover, the economic growth in APEJ is leading to higher standards of living, which in turn is driving the desires of maintaining oneself better in terms looks and health. Markets in Europe and North America are expected to exhibit positive growth.
Revenue from North America sun screen market is anticipated to increase at a steady CAGR through 2022. Meanwhile, Latin America is also expected to account for a significant revenue share of the market during the forecast period. By 2017-end, the region is likely to command over 20% market share in terms of revenue.
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The global market for sun screen is categorized as follows:
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Cosmetics remain one of the most profound product category of the vast consumer good market. To stay relevant, cosmetic brands are constantly analyzing the change in consume buying pattern.
Majority of the companies are focused to meet the gold standards through process optimization and consumer interactions. A recent report by Fact.MR provides an in-depth analysis of the global sun screen market for the forecast period 2017-2022, and delivers key insights on the future prospects of the market.
The scope of Fact.MR’s report is to analyze the global sun screen market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Sun screen manufacturers, stakeholders, and suppliers in the global market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading beauty and wellness journals.
The report commences with a brief information of the global sun screen market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global sun screen market.
The next section offers an overview of the global sun screen market. This comprises an introduction to the market, along with a standard definition of the product. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global sun screen market, the report provides updates about market opportunities, which can benefit leading manufacturers of sun screen. With continuous evolution of the beauty and wellness sector, keeping a record of latest developments and trends is fundamental for sun screen manufacturers to formulate key business strategies.
Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global sun screen market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast.
The sun screen market has been categorized on the basis of product type, distribution channel, and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global sun screen market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global sun screen market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research.
We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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