Sun-Care Powder Market Forecast and CAGR
According to the latest study on sun-care powder done by Fact.MR, it projects significant rise in demand for the product owing to its ability to protect skin from cancer causing UVB radiations. Additionally, portability is also being considered as major driver propelling the product’s growth and is projected to grow at a CAGR of around 8.5% in next ten years.
Transition from chemical based sunscreen to mineral based sunscreen powder has been noted as a recent trend in the skin care industry. This can be mainly attributed to the side effects of various chemicals involved in making traditional sunscreen creams.
What is the Major Demand Driver for Sun-Care-Powder?
Sun-care powder is a recent trend in skincare industry. Even though dermatologist suggests more study needs to be carried out before arriving at any conclusion, there are several benefits that has been pointed out thus projecting upward growth in sales of the product.
For instance, consumers over the years have suggested sunscreen powder to be much more convenient than sunscreen creams. The powder can be applied using brush without getting the hands messy.
Moreover, powder sunscreen has been identified to be best fitted for sensitive skin mainly due to the use of mineral oxides along with its ability to adjust on acne-prone complexions.
Further, there has been a shift in consumer preference as various side effects of traditional creams and lotions have surfaced over the years. Owing to these discussed factors sun-care powder is projected to get a major boost in demand over the forecast period.
Know More Details About the Report
Broad Spectrum or Full Spectrum Sun-Care Powder to be Top Choice of Consumers.
Labels play an important role when it comes to product’s authenticity. Consumers tend to buy products that are verified and authenticated by research or government organizations. Further, products that comes equipped with additional features are generally labeled to aware consumers of their benefits while choosing.
For instance powder sun-care products that are labeled “full spectrum” or “broad spectrum” are being preferred by consumers globally. This is mainly because products with these labels are able to screen UVA and UVB radiations both thus being preferred by customers more.
Moreover, SPF-30 or higher labeled sunscreen powder are in trend as they contain various mineral formulas such as zinc, iron or titanium oxides owing to their ability to be less irritating for sensitive skins.
Attributed to above mentioned factors sun-care powder is projected to grow with higher single digit CAGR over the next ten years.
Europe Sun-Care Powder Market Outlook
Europe is poised to provide leading growth opportunity for powder sun-care products owing to well established cosmetic industry in the region along with ability of consumers to spend more on cosmetic products.
For instance, around 100+ cosmetic manufacturing companies are in Europe whose spending on R&D is more than any of the manufacturers globally. Further as a comparison, consumers in Europe tends to spend ~3x more than average Asian consumers on skincare products.
Moreover, high R&D spending on sun protection products mean innovation and product development providing consumers with varied options to choose from.
Attributed to above discussed factors Europe is projected to provide high absolute $ opportunity over the next decade.
Avail customized purchase options for your needs
Asia Pacific Sun-Care Powder Market Outlook
Asia Pacific has been identified as the most lucrative market for powder sun-care products owing to rising consumption of beauty products in the region along with growing awareness regarding side effects of traditional creams and lotions.
Additionally, over the years it has been seen that Asia population have become more conscious of their appearance which has provided the regional cosmetic market with required push.
Moreover, growing participation of women in workforce is also propelling the regional sun-care powder market. For instance, in Malaysia participation of women in workforce has been hovering around 45% thus providing uptick growth in demand for powder products.
India is also seeing surge in innovative products like that of sun-care powder mainly because of changing spending pattern among young population that prefers less toxic and labelled skincare products.
Attributed to these discussed factors Asia Pacific region is poised to provide high incremental growth opportunity to sun-care powder sales in the region.
Who are the Key Manufacturers and Suppliers of Sun-Care Powder?
Some of the prominent players in this industry are
- Peter ThomasRoth
- Jane Iredale
Above mentioned players are mainly focused on organic growth strategies such as innovation and product launches to expand their market share.
- For instance, in May 2020 ZO skin health launched sunscreen touch up powder diversifying its triple-spectrum product line up.
- In July 2020, Colorescience announced expanding brush on sunscreen product line specially developed for acne, oily and blemish prone skin. Through these key innovation and product launches company wants to establish itself as a leading player in the industry.
An Adaptive Approach to Modern-day Research Needs
Sun-Care-Powder 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
- Zinc Oxide
- Titanium Oxide
- Iron Oxides
By Skin Type
- 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.
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
The Rise of Intelligent Packaging
Personalized, Connected and Sustainable
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
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.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.