03.28.23
According to FMI, the value of the sun care products market is expected increase from $13.6 billion in 2023 to $25.3 billion by 2033 at an average CAGR of 6.4% during the forecast period.
Influencing Factors in the Market are as follows:
Meanwhile, China is estimated to capture a share of 42.6% of the global market by 2033. The increasing demand for organic sun care products among consumers is bolstering the market in China. Cosmetic manufacturers are innovating new products that are 100% natural without toxicity to maintain the skin's pH level with organic ingredients. In addition, consumers prefer clean labels and synthetic products that increase sun care sales.
China's market is being driven by expanding online marketing on social media to educate consumers about the product. In addition, the popularity of vegan-based products attracts consumers due to their natural properties.
The United States is dominating the global market by capturing a share of 81.1% by 2033. The increasing innovation in cosmetic products in the United States towards personal and beauty care is fueling the market size. The United States sun care products market is also driven by social media influencers, bloggers and online distribution channels.
Find FMI’s full Sun Care Products Market report here.
Influencing Factors in the Market are as follows:
- The growing consumer awareness related to skincare and exposure to UV rays is increasing the demand for sun care products.
- Rising skin-related problems and disorders such as tanning, itching, rashes, dullness, infection, and cancer propel the market growth.
- Increasing consumer demand for organic sun care products for naturally glowing skin without harmful chemicals increases the market size.
- Increasing consumers' adoption of sun care & sun protection products for outdoor activities to protect their skin from UV rays.
- Benefits from SPF & UV protection sun care products, such as anti-ageing properties, deep moisturization, and healthy skin, drive the market growth.
- An increase in newly launched products with advanced shield technology to cure damaged skin and maintain natural skin tone creates multiple market opportunities.
- The skin care industry is expanding due to the increasing demand for plant-based materials as they are free from harsh chemicals.
- Prominent manufacturers are reducing the usage of synthetic chemicals and delivering natural ingredients products to their consumers, increasing the market size.
Top Countries Driving the Market Growth
During the forecast period, India is estimated to capture a share of 27.3% of the global market. The growing cosmetic industry and skin disorders are advancing the market in the country. In addition, the availability of raw materials, growing urbanization, and changing consumers' lifestyles drive India's sun care products market growth.Meanwhile, China is estimated to capture a share of 42.6% of the global market by 2033. The increasing demand for organic sun care products among consumers is bolstering the market in China. Cosmetic manufacturers are innovating new products that are 100% natural without toxicity to maintain the skin's pH level with organic ingredients. In addition, consumers prefer clean labels and synthetic products that increase sun care sales.
China's market is being driven by expanding online marketing on social media to educate consumers about the product. In addition, the popularity of vegan-based products attracts consumers due to their natural properties.
The United States is dominating the global market by capturing a share of 81.1% by 2033. The increasing innovation in cosmetic products in the United States towards personal and beauty care is fueling the market size. The United States sun care products market is also driven by social media influencers, bloggers and online distribution channels.
Find FMI’s full Sun Care Products Market report here.