Sun-Care Natural Oils Market
Sun-Care Natural Oils Market Share Analysis By Oil Type (Coconut Oil, Olive Oil, Avocado Oil, Jojoba Oil, Chamomile oil, Others), By Skin Type (Normal, Dry, Oily), By SPF (SPF below 15, SPF 15 to 29, SPF 30 to 49, SPF over 50) & By Region Forecast, 2021-2031
Sun-Care Natural Oils Market Forecast and CAGR
Latest study by Fact.MR on sun-care oils estimates substantial growth in sales for the product owing to rise in popularity of non-toxic and natural skin care products. Further, wide availability of natural oils has enabled consumers to choose from a wide range of products thus boosting product sales in recent years.
Fact.MR also estimates coconut oil based product to be most in demand thus providing major thrust in sales for the product. Owing to these factors sun-care oils market is projected to grow at higher single digit CAGR of around 7% over the forecast period.
What is Driving Demand for Sun-Care Natural Oils?
Over the past decade, there has been a decline in sales of conventional beauty and skincare products which can mainly be attributed to rising awareness regarding ill effects of conventional skin-care products. Additionally, in recent years there has been a change in consumer preference as people are opting for clean label products.
Further, use of harmful chemicals such as BPA and phthalates have raised concerns over their use in skin care products. Also, various effective properties of oils have added to its robust sales in coming years.
For instance, sun-care oils contains substances that replenishes the skin and helps in keeping it rejuvenated. Further, certain oils which are rich in antioxidants, have antimicrobial and anti-inflammatory properties are popular choice of customers as they provide additional layers of protection.
Attributed to these above discussed factors, sun-care natural oils is projected to grow at higher single digit CAGR over the forecast period.
Coconut Based Sun-Care Natural Oils to Propel the Product Demand
Coconut based oils have been identified as popular choice among consumers buying sun-care oils as it comes equipped with additional benefits such protecting skin from sunburns, fortifying skin tissues and acting as an antibiotic for skin.
Additionally, being naturally derived, coconut oil are being adopted for sun-care protection. Adoption rate for coconut-based oils has also seen a surge over past half decade and is also projected to dominate the market in forecast period.
Moreover, coconut based oils which provide SPF-30 and above protection are also high in demand due to their additional skin protection properties. Thus, it has been estimated that SPF-30 coconut-based oil will provide high absolute $ opportunity over the projected forecast period.
Owing to these trends coconut-based sun-care oils is projected to grow significantly thus driving the market at higher single digit CAGR.
North America Sun-Care Natural Oils Market Outlook
North America is projected to provide high growth opportunity for sun-care oil products owing to widespread adoption of skin care products which comes equipped with natural ingredients.
Further, North America has sizeable number of natural skin and body care consumers with spending more on natural products than conventional skin care items. Also, consumers in the region are getting more and more aware regarding ill effects of traditional cosmetic products that contains harmful chemicals such as parabens and BPA.
Moreover, companies and key manufacturers are also opting to make products from ingredients that are natural in order to gain traction of more consumers. Additionally, various startups have come up especially in the US providing widespread product line up and range of products to choose from.
Attributed to these above discussed factors, sun-care natural oil sales in the region is expected to provide high incremental growth opportunity over the forecast period.
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Asia Pacific Sun-Care Natural Oils Market Outlook
Asia Pacific is expected to provide stupendous growth opportunity to oils market owing to broadening consumer base for natural skin care products. Also over the years Asian market has been flooded with range of clean label products which insist rise in popularity of natural sun-care items.
Additionally, there is a rising trend for adoption of organic and natural cosmetic products in the region which can be attributed to the change in consumer preference.
Moreover, Asia Pacific region observed a surge in participation of women workforce which in turn has provided positive outlook to the industry. While players are also seeing Asia Pacific as a lucrative market and trying to gain competitive advantage by launching more innovative products.
In line with above discussed factors, Asia Pacific is projected to provide high incremental growth opportunity to sun-care natural oils industry.
Who are the Key Manufacturers and Suppliers of Sun-Care Natural Oils?
Prominent manufacturers in the segment of sun-care natural oils are
- Vacation Supergoop
- Sol Janeria
- Summer Fridays
- and Bawdy.
These above mentioned manufacturers are trying to expand their business footprint by opting for a mixture of inorganic and organic growth strategies such as collaborations, partnerships, product development and innovation.
An Adaptive Approach to Modern-day Research Needs
Sun-Care Natural Oils Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
By Oil Type
- Coconut Oil
- Olive Oil
- Avocado Oil
- Jojoba Oil
- Chamomile oil
- Marula Oil
By Skin Type
- SPF below 15
- SPF 15 to 29
- SPF 30 to 49
- SPF over 50
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may time to reflect in the analysis.
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Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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