Sun Protection Active Ingredient Market

Sun Protection Active Ingredients Market Outlook (2023 to 2033)

The global sun protection active ingredients market is set to reach a valuation of US$ 816.3 million in 2023 and further expand at a CAGR of 5.3% to reach US$ 1,370.3 million by the end of 2033.

The market for sun protection active ingredients has grown as a result of regional economic expansion and customer desire for high-quality cosmetics with longer shelf lives. This is expected to give the market an absolute dollar opportunity worth US$ 373.6 million between 2028-2033.

Report Attributes	Details
Sun Protection Active Ingredients Market Size (2022A)	US$ 780.6 Million
Estimated Market Value (2023E)	US$ 816.3 Million
Forecasted Market Value (2033F)	US$ 1,370.3 Million
Global Market Growth Rate (2023-2033)	5.3% CAGR
North America Market Share (2023)	35.0%
Europe Market Growth Rate (2023-2033)	5.1% CAGR
United States Market Growth Rate (2023-2033)	5.4% CAGR
Market Share of Top 5 Companies	51.1%
Key Companies Profiled	BASF SE Koninklijke DSM N.V. Ashland Sunjin Beauty Science Co. Ltd. Croda International PLC Clariant AG L'Oréal

Sales Analysis of Sun Protection Active Ingredients (2018-2022) Vs. Market Forecast Outlook (2023-2033)

The changing consumer preferences in accordance with the ever evolving landscape of cosmetics industry have influenced the steady stream sales of sun protection active ingredients across the globe. Hence, the market for sun protection active ingredients observed positive growth in major parts of the globe during the historical period holding a CAGR of 4.1%.

Increasing awareness about the importance of sun protection and the development of advanced active ingredients used in sunscreens to bolster the value of sun protection active ingredients thereby exhibiting positive market growth during the assessment period. The increasing desire among men to look young and prevent skin problems is expected to be a significant factor that will provide ample opportunities to the players in the sun care protection products market which will have a direct effect on the consumption of active ingredients.

• Short Term (2023-2026): There has been a growing awareness among consumers about the importance of sun protection and the harmful effects of UV radiation on the skin. As more people become aware of the need for sun protection to prevent skin damage and skin cancer, the demand for sunscreens and sun protection products with effective active ingredients is likely to increase, thereby influencing the market growth for sun protection active ingredients during the short term period of 2023-2026.
• Medium Term (2026-2029): The field of sun protection active ingredients is constantly evolving, with continuous advancements in research and technology. New active ingredients are being developed with improved efficacy, safety, and ease of use which will in turn gives momentum to target market growth in the medium-term forecast period.
• Long Term (2029-2033): With the increasing trend towards natural and organic products in the skincare and personal care industry, there is a growing demand for sunscreens and sun protection active ingredients derived from natural or organic sources this will stimulate long-term growth opportunities to the target market.

Over the 2018-2022 historical period, the global sun protection active ingredients market registered a CAGR of 4.1%, according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 5.3% CAGR between 2023 and 2033.

Market share analysis of sun protection active ingredients based on use case and region is provided in a nutshell in the above image. Under the use case segment, the sun protection product formulation segment is estimated to dominate with a 59.2% market share in 2023.

Market Dynamics Overview

“Awareness Regarding Harmful Effects of the Sun on the Skin to Spur the Market Growth’’

The awareness regarding the harmful effects of the sun on the skin is expected to spur the growth of the market for sun protection products. Sun exposure can have damaging effects on the skin, including sunburn, premature aging, and an increased risk of skin cancer. As people become more aware of these risks, they are increasingly seeking ways to protect their skin from the harmful effects of the sun, driving the demand for sun protection products.

There are several factors that contribute to the growing awareness regarding the harmful effects of the sun on the skin. One of the key factors is the increasing prevalence of skin cancer worldwide. Skin cancer is one of the most common types of cancer, and its incidence has been steadily rising over the past few decades. This has prompted health organizations and dermatologists to emphasize the importance of sun protection as a preventive measure against skin cancer.

“Growing Demand for Sun Care Products to Boost the Demand”

As consumers become more educated about the risks associated with exposure to UV radiation, they are more likely to seek out sun care products that offer effective protection against the sun's rays. Also, skin cancer rates have been rising in recent years, driving demand for sun care products that can help to reduce the risk of skin cancer.

As more people engage in outdoor activities such as hiking, swimming, and sports, the demand for sun care products that can provide long-lasting protection against the sun's rays is expected to increase. Overall, these factors are expected to drive strong demand for sun care products, which in turn will boost the sales of sun protection active ingredients. As a result, companies that specialize in the production of sun protection active ingredients are likely to see significant growth in the coming years.

“Stringent Government Regulations to Affect Market Growth”

In different nations and areas, active chemicals used in sunscreen are subject to varied regulatory restrictions and standards. The most recent regulations must be kept up to date, and manufacturers must guarantee that their ingredients meet these specifications.

For instance, the U.S. Food and Drug Administration (FDA) in the United States regulates sunscreens as over-the-counter (OTC) medications and has established precise standards for sunscreen active ingredients, labeling, and testing. For their products to be safe, effective, and compliant, manufacturers must make sure that the active compounds in their sun protection ingredients meet these regulatory requirements.

Country-wise Insights

Will the Flourishing Cosmetics Industry in China Provide Traction for Sun Protection Active Ingredients Market?

China has a large and growing cosmetics industry, with a rising middle class and increasing consumer demand for personal care and beauty products. China stood in ninth position in terms of beauty products export and it exported products worth US$ 2.28 billion in 2021.

The awareness about the harmful effects of UV radiation on the skin and the importance of sun protection has also been increasing among Chinese consumers, which has led to a growing demand for sun protection products.

Sun protection active ingredients market in China is anticipated to grow with a CAGR of 6.6% during the forecast period.

Which Growth Prospects Impel Sun Protection Active Ingredients Sale across Germany?

Germany is one of the market leaders in the European sun protection active ingredients products market. Germans have a strong outdoor lifestyle, with activities such as hiking, cycling, and outdoor sports being popular. This means that there is a higher risk of sun exposure during outdoor activities, leading to an increased demand for effective sun protection products. Sun protection active ingredients play a crucial role in formulating sunscreens and other sun protection products that can provide adequate protection during outdoor activities.

Hence, sun protection active ingredients market in Germany is anticipated to grow with a CAGR of 5.1% during the forecast period creating an absolute $ opportunity of US$ 20.9 million between 2023 and 2033.

Category-wise Insights

Which Active Ingredient is Gaining Traction Across the Globe?

Titanium dioxide is of the most commonly used sun protection active ingredients across the world. The segment is expected to hold the prominent market share of 17.0% of the global target market in 2023 and is expected to witness a CAGR of 6.2% during the forecast years of 2023-2033.

Titanium dioxide is a versatile and effective active ingredient in sun protection products that are likely to continue gaining popularity in the coming years. Its ability to provide reliable sun protection and its safety profile make it a popular choice among consumers.

How does Sun Protection Product Formulation Support Market Growth?

Sun protection product formulation plays a critical role in supporting the growth of the sun protection active ingredients market during the forecast period. Effective formulation of sun protection products is important because it can enhance the efficacy of the active ingredients used in the products, making them more effective at protecting the skin from the harmful effects of the sun.

SPF 15-30 formulation segment is expected to grow during the forecast period due to recommendations by dermatologists. Dermatologists recommend using sunscreen products labelled between SPF-15 and SPF-30 when doing any outdoor activity. Above 50 SPF sun care products gives slightly better protection and can give a false sense of security and make users spend more time in the sun increasing the risk of skin problems.

Competitive Landscape

Prominent sun protection active ingredients manufacturers are BASF SE, Symrise AG, Koninklijke DSM N.V., Ashland, Sunjin Beauty Science Co. Ltd., Croda International PLC, Salicylates and Chemicals Pvt. Ltd., Clariant AG, Galaxy Surfactants, L'Oréal, etc.

Investments by prominent cosmetics companies to introduce new goods which are compatible with the changing consumer preferences across the globe to offer opportunities for the players to drive their revenue market share. Furthermore, mergers, acquisitions, and capacity expansions adopted by the players to facilitate expanding their presence across developed as well as emerging markets.

• In 2022, Ashland Inc. launched Sensiva Go Natural which is a liquid multifunctional ingredient for personal care products and has broad spectrum efficacy combined with well-known humectant properties.
• In September 2021, DSM launched a new PARSOL EHT which is a highly efficient UVB filter to progress in eco-friendly sun care products. This UVB filter can help in achieving a high SPF even at low concentrations.

Fact.MR has provided detailed information about the price points of key manufacturers of sun protection active ingredients positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Sun Protection Active Ingredients Industry Research

• By Active Ingredient :

  • Avobenzone
  • Cinoxate
  • Ensulizole
  • Homosalate
  • Isotrinizole
  • Meradimate
  • Mexoryl XL
  • Meroxyl SX
  • Octinoxate
  • Octisalate
  • Octocrylene
  • Octyltriazon
  • Oxybenzone
  • Padimate O
  • Sulisobenzone
  • Titanium Dioxide
  • Trolamine Salicylate
  • Zinc Oxide
  • Others (Aminobenzoic Acid, Dioxybenzone)

• By Use Case :

  • Sun Protection Product Formulation
    • SPF 6-14 Formulation
    • SPF 15 -30 Formulation
    • SPF 30 - 50 Formulation
    • SPF 50+ Formulation
  • After Sun Product Formulation
  • Self-Tanning Product Formulation

• By Finished Product :

  • Creams
  • Gel
  • Lotion
  • Powder
  • Wipes
  • Spray
  • Oils

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA