Global Sun Care Cosmetics Market Size and Forecast
Sun care cosmetics are products that are used to protect the skin from the harmful effects of the sun. These products include sunscreens, sunblocks, and after-sun products. The global sun care cosmetics market is expected to grow at a CAGR of 5.6% during the forecast period (2021-2026).
Overview
The global sun care cosmetics market is driven by the increasing awareness about the harmful effects of UV radiation on the skin. The rise in skin cancer cases and the growing concern about premature aging are also driving the demand for sun care cosmetics. The market is also being driven by the increasing popularity of outdoor activities and the growing trend of using natural and organic products.
The market is segmented based on product type, distribution channel, and geography. Based on product type, the market is segmented into sunscreens, sunblocks, and after-sun products. Based on distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, online stores, and others.
Key Players in the Global Sun Care Cosmetics Market Size and Forecast
The key players in the global sun care cosmetics market include L’Oreal, Johnson & Johnson, Unilever, Shiseido, Estee Lauder, Beiersdorf, Avon Products, Clarins Group, Coty, and Lotus Herbals.
L’Oreal is one of the leading players in the global sun care cosmetics market. The company offers a wide range of sun care products under its brands such as La Roche-Posay, Vichy, and Garnier. Johnson & Johnson is another major player in the market. The company offers sun care products under its brands such as Neutrogena and Aveeno.
Unilever is also a major player in the market. The company offers sun care products under its brands such as Dove and Simple. Shiseido is a Japanese company that offers sun care products under its brands such as Anessa and Shiseido. Estee Lauder is an American company that offers sun care products under its brands such as Clinique and Origins.
Market Challenges
One of the major challenges facing the global sun care cosmetics market is the increasing competition from natural and organic products. Consumers are becoming more aware of the harmful effects of chemicals and are opting for natural and organic products. This is leading to a decline in the demand for traditional sun care products.
Another challenge facing the market is the high cost of sun care products. Many consumers are reluctant to spend a lot of money on sun care products, especially in developing countries where the disposable income is low.
Market Opportunities
One of the major opportunities in the global sun care cosmetics market is the growing demand for natural and organic products. Many consumers are becoming more aware of the harmful effects of chemicals and are opting for natural and organic products. This is leading to a rise in the demand for natural and organic sun care products.
Another opportunity in the market is the growing popularity of online stores. Many consumers are opting to purchase sun care products online due to the convenience and the availability of a wide range of products. This is leading to a rise in the demand for sun care products through online stores.
Future of the Global Sun Care Cosmetics Market Size and Forecast
The future of the global sun care cosmetics market looks promising. The market is expected to grow at a CAGR of 5.6% during the forecast period (2021-2026). The market is being driven by the increasing awareness about the harmful effects of UV radiation on the skin and the growing concern about premature aging.
The market is also being driven by the increasing popularity of outdoor activities and the growing trend of using natural and organic products. The market is expected to continue to grow in the future due to the increasing demand for sun care products in developing countries.
Conclusion
The global sun care cosmetics market is expected to grow at a CAGR of 5.6% during the forecast period (2021-2026). The market is being driven by the increasing awareness about the harmful effects of UV radiation on the skin and the growing concern about premature aging. The market is also being driven by the increasing popularity of outdoor activities and the growing trend of using natural and organic products. The market is expected to continue to grow in the future due to the increasing demand for sun care products in developing countries.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Knox Market Research journalist was involved in the writing and production of this article.