|Fastest Growing Market:||Asia-Pacific|
- Beiersdorf AG
- Groupe Clarins
- Johnson & Johnson
- Coty Inc.
- Shiseido Co. Ltd.
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As per the current market research conducted by Custom Market Insight Team, the global Sun Protection market is expected to record a CAGR of 4% from 2023 to 2030. In 2023, the market size is projected to reach a valuation of USD 13.11 billion. By 2030, the valuation is anticipated to reach US$ 21.05 billion.
The sun protection market refers to the industry that provides products designed to protect the skin from the harmful effects of the sun’s UV (ultraviolet) radiation. These products include a range of sunscreen lotions, sprays, and creams that help prevent sunburn, skin aging, and skin cancer caused by UV rays.
The sun protection market caters to consumers of all ages and skin types, with varying levels of SPF (sun protection factor) and other ingredients to meet different skin care needs. In addition to traditional sunscreens, the market also includes products such as sun-protective clothing, hats, and sunglasses.
Sun Protection Market – Significant Growth Factors
The sun protection market is expected to experience significant growth in the coming years, driven by several key factors, including:
- Rising incidence of skin cancer: The increasing prevalence of skin cancer caused by exposure to UV radiation is driving demand for sun protection products. Consumers are increasingly aware of the need to protect their skin from harmful UV rays, leading to higher demand for sunscreens and other sun protection products.
- Growing awareness about skin aging: Exposure to the sun’s UV rays can accelerate skin aging and cause fine lines, wrinkles, and other signs of aging. This has led to a growing demand for anti-aging sun protection products that can help prevent or reduce these effects.
- Increasing popularity of outdoor activities: Outdoor activities such as sports, hiking, and camping are becoming more popular, leading to higher demand for sun protection products. Consumers are looking for products that can provide long-lasting protection during extended periods of outdoor activity.
- Technological advancements in sun protection products: Advances in technology have led to the development of more effective and innovative sun protection products. For example, the use of nanoparticles and other advanced materials can improve the efficacy of sunscreens and provide better protection against UV radiation.
- Growing demand for natural and organic products: Consumers are increasingly looking for natural and organic sun protection products that are free from harmful chemicals and are better for the environment. This has led to the development of a range of natural and organic sunscreens and other sun protection products.
|Sun Protection Market Expected Value (2023)||USD 13.11 Billion|
|Sun Protection Market Forecast Value (2030)||US$ 21.05 Billion|
|Sun Protection Market Expected CAGR (2023 to 2030)||4%|
Sun Protection Market – Mergers and Acquisitions
The sun protection market has witnessed several mergers and acquisitions in recent years, driven by a desire to expand product portfolios, increase market share, and enhance research and development capabilities. Some of the notable mergers and acquisitions in the sun protection market include:
- L’Oreal’s acquisition of CeraVe: In 2017, L’Oreal acquired CeraVe, a skincare brand that specializes in developing dermatologist-approved products for sensitive skin. The acquisition allowed L’Oreal to expand its presence in the U.S. market and enhance its expertise in developing products for sensitive skin.
- Johnson & Johnson’s acquisition of Neutrogena: In 1994, Johnson & Johnson acquired Neutrogena, a skincare brand that offers a range of sun protection products. The acquisition allowed Johnson & Johnson to expand its presence in the skincare market and enhance its research and development capabilities.
- Beiersdorf’s acquisition of Coppertone: In 2019, Beiersdorf acquired Coppertone, a leading sun care brand in the U.S. The acquisition allowed Beiersdorf to expand its presence in the U.S. market and enhance its expertise in developing sun protection products.
- Shiseido’s acquisition of Drunk Elephant: In 2019, Shiseido acquired Drunk Elephant, a clean skincare brand that offers a range of sun protection products. The acquisition allowed Shiseido to expand its portfolio of clean skincare products and increase its presence in the U.S. market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
|Sun Protection Market||Anti-Aging Cosmetics Market||Anti-Aging Market|
|CAGR 4% (Approx)||CAGR 8%|
|USD 21.05 billion by 2030||USD 120 Billion by 2030||USD 120 Billion by 2030.|
Sun Protection Market – Significant Threats
The sun protection market faces several significant threats that could potentially hinder its growth and development. Some of the key threats include:
- Lack of awareness: While awareness about the importance of sun protection has increased in recent years, there is still a significant portion of the population that is unaware of the risks of UV radiation and the need for sun protection. This lack of awareness can limit the demand for sun protection products.
- Side effects of sunscreens: Some consumers have raised concerns about the potential side effects of sunscreens, such as skin irritation, allergic reactions, and hormone disruption. These concerns may lead some consumers to avoid using sunscreens or seek out alternative sun protection methods.
- Increasing competition: The sun protection market is becoming increasingly crowded, with numerous players offering a wide range of products at different price points. This increased competition can make it difficult for companies to stand out and gain market share.
- Regulatory challenges: The sun protection market is subject to various regulatory challenges, including changing regulations around the safety and efficacy of sunscreens. These regulatory challenges can create uncertainty for companies and limit their ability to innovate and develop new products.
- Limited effectiveness of sun protection products: Despite advances in technology, sun protection products are not always effective at preventing sun damage, particularly if not applied correctly or if used in inadequate amounts. This limited effectiveness can undermine consumer confidence in sun protection products and limit their demand.
To mitigate these threats, companies in the sun protection market need to focus on educating consumers about the importance of sun protection, developing safer and more effective sun protection products, and differentiating themselves from their competitors. They also need to stay up-to-date with changing regulations and invest in research and development to innovate and stay ahead of the competition.
|Feature of the Report||Details|
|Market Size in 2023||USD 13.11 Billion|
|Projected Market Size in 2030||USD 21.05 Billion|
|Market Size in 2022||USD 11.97 Billion|
|CAGR Growth Rate||4% CAGR (2022-2030)|
|Key Segment||By Product, Distribution Channel, and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends|
|Regional Scope||North America, Europe, Asia Pacific, Middle East &, Africa, and South &, Central America|
|Buying Options||Request tailored purchasing options to fulfil your requirements for research.|
According to a report by CMI, in 2022, the adult cream segment dominated the sun care products market, holding a significant revenue share of more than 68.5%. This segment is expected to continue its dominance throughout the forecast period, as it offers multiple benefits, such as protection against sunburn, premature aging, skin cancer, skin discoloration, and inflammation, making it a popular choice among adults.
The rising demand for natural and organic products is also driving the adoption of after-sun care products among adults. Physical products containing mineral-based components like titanium dioxide and zinc oxide are particularly popular among them. Additionally, the fake tan/self-tan segment is expected to witness the fastest growth during the forecast period, with a CAGR of 4.9% from 2023 to 2030. This growth can be attributed to the increasing trend of using alternatives to sunbathing to avoid exposure to harmful UV rays. Sunless tanning products, available in the form of lotions, creams, and sprays, are becoming increasingly popular among consumers.
Global Sun Protection Market 2023–2030 (By Billion)
Distribution Channel Insights
According to a report by CMI, in 2022, the hypermarket and supermarket segment dominated the skin care products market, holding the largest revenue share of 49.9%. This segment is expected to maintain its dominance over the forecast period, owing to the availability of various brands and the convenience of location.
These stores offer a wide range of skincare products for both men and women and often have trained personnel in the cosmetics and beauty aisles to provide expert help and recommendations to customers. However, the specialty store segment is projected to register the fastest CAGR of 5.7% over the forecast period. These stores specialize in a narrow range of skin care products and prioritize customer satisfaction. They maintain a significant depth in terms of the products offered to customers to provide exceptional service.
Many renowned brands prefer to sell their products through specialty stores as they focus on quality service and offer greater accountability. The increasing demand for high-quality skin care products has fueled the growth of specialty stores in the market.
Global Sun Protection Market 2023–2030 (By Distribution Channel Outlook)
Sun Protection Market – Regional Analysis
China: According to market analysis, China is expected to capture a significant share of the global sun protection market, accounting for 43.6% by 2033. The increasing demand for organic sun care products among consumers is one of the key drivers of the market in China. Cosmetic manufacturers are introducing new products made with 100% natural ingredients that are non-toxic and help maintain the skin’s pH level.
Consumer preference for clean labels and synthetic-free products is also contributing to the growth of sun care product sales in China. The market is further driven by the increasing popularity of online marketing and social media, which is being used to educate consumers about sun care products and their benefits.
The use of sun care products not only enhances the appearance, tone, and texture of the skin but also helps protect it from harmful UV rays. Moreover, the rising demand for vegan-based products with natural properties is also fueling the sun protection market in China. With these factors in play, the sun care products market in China is poised for significant growth in the coming years.
The United States: By 2033, the United States is projected to hold the largest share of the global sun protection market, accounting for 82.1% of the market. The market in the US is witnessing growth due to the increasing focus on personal and beauty care and the constant innovation of cosmetic products. The use of social media influencers, bloggers, and online distribution channels is also driving the growth of the sun care products market in the country.
According to the American Academy of Dermatology, men are more likely than women to maintain their skincare routine. This is because men have thicker and more sensitive skin, making them prefer sun care products to protect their skin from damage caused by UV rays, which are known to affect men’s skin more than women’s.
Global Sun Protection Market 2023–2030 (By Outlook)
Competitive Landscape – Sun Protection Market
- Beiersdorf AG
- Groupe Clarins
- Johnson & Johnson
- Coty Inc.
- Shiseido Co. Ltd.
- The Estee Lauder Companies Inc.
- Burt’s Bees
- Bioderma Laboratories
The global market is significantly impacted by the prominent players who are dedicated to meeting consumer needs by providing high-quality products to increase their brand recognition. These key players invest a substantial amount of money in research and development activities to drive substantial revenue in the market. Moreover, they employ advanced technologies to innovate products that cater to the unique needs of consumers.
The profound market analysis conducted by these players often leads to effective solutions that propel the market to new heights. Strategies such as mergers, acquisitions, collaborations, product launches, partnerships, and agreements are commonly utilized by these players in their marketing efforts.
The Sun Protection Market is segmented as follows:
By Product Outlook
- Adult Sun Cream
- Baby Sun Cream
- After Sun
- Fake Tan/Self Tan
By Distribution Channel Outlook
- Hypermarket & supermarket
- Pharmacy & drug store
- Specialty store
- The U.S.
- The UK
- Rest of Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
|Perspective||Primary research||Secondary research|
Market Analysis Matrix
|Qualitative analysis||Quantitative analysis|
The global market for Sun Care Products estimated at US$11.9 Billion in the year 2022, is projected to reach a revised size of US$23.2 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2022-2030.How big is the market for sunscreen? ›
The market size, measured by revenue, of the Sunscreen Manufacturing industry was $648.1m in 2022. What was the growth rate of the Sunscreen Manufacturing industry in the US in 2022? The market size of the Sunscreen Manufacturing industry increased 12.9% in 2022.Which brand is best for sunscreen? ›
- Best Overall: Eucerin Sun Age Defense SPF 50 Face Sunscreen Lotion.
- Best Waterproof: Bioderma Photoderm Creme Teinte Claire SPF 50+ Sunscreen.
- Best Sweat-Resistant: LISEN Korean Sunscreen with SPF 50+ PA+++ & CICA.
- Best Non-Greasy: ISNTREE Hyaluronic Acid Airy Sun Stick SPF 50+
The target market for sunscreen includes anyone who has a risk of skin damage from over-exposure to the sun.Is the sunscreen market growing? ›
Revenue in the Sun Protection segment amounts to US$1.98bn in 2023. The market is expected to grow annually by 2.42% (CAGR 2023-2027).What is the number 1 sunscreen? ›
Our winner for body sunscreen, Rodan + Fields Essentials Face + Body Sunscreen SPF 50, felt silky and non-sticky on skin, while Vichy LiftActiv Peptide-C Sunscreen SPF 30 got top marks as a hydrating, fast-absorbing face sunscreen.Is there an increase in demand for sunscreen? ›
- According to a TMR study, the global Mineral Sunscreen Market is expected to grow at a CAGR of 5.4% during the forecast period from 2022 to 2031. Mineral sunscreens are products containing active minerals such as zinc dioxide and titanium dioxide. Mineral sunscreens find demand among both men and women.Who sells the most sunscreen? ›
The leading name brand of suntan lotion and suntan oil in the United States is Neutrogena Ultra Sheer, which generated some 116.5 million U.S. dollars in sales in 2019. However, private label suntan lotions had higher dollar sales than any name brand in that year, at around 177.3 million U.S. dollars.Which countries use the most sunscreen? ›
Eight countries accounted for 70% of the consumption in dollar terms: Canada, France, Germany, Italy, Japan, Spain, the United Kingdom and the USA. For the category of sunscreens alone, the Euro- pean Union and the USA represent about 75% of the world wide market.What sunscreen does the FDA recommend? ›
The FDA recommends that you use broad spectrum sunscreen with an SPF of 15 or higher, even on cloudy days.
Sunscreens are required by the Food and Drug Administration to remain at their original strengths for at least three years. This means that you can use leftover sunscreen from one year to the next. Some sunscreens include an expiration date — a date indicating when they're no longer effective.Why is sunscreen so expensive? ›
Why Is Sunscreen Expensive? Sunscreens contain active ingredients that work to block UVB rays. Any skincare product with active ingredients is typically more pricey.How do you market sunscreen? ›
- Get Real About the Facts. These three little words have so much meaning—practice safe sun—all day every day. ...
- Teach Them How to Work it Into Their Skincare Routine. ...
- Emphasize Anti-Aging Benefits. ...
- Give Them a Product They'll Love.
In 2020, 12.3% of men and 29.0% of women aged ≥18 years always used sunscreen when outside on a sunny day for >1 hour.Why you should invest in sunscreen? ›
Reasons for Investing in Sunscreen Production
Whenever the UV index is above three, the skin is at risk of sun damage. To save your skin from harmful ultraviolet rays, it is mandatory to wear sunscreen if you remain exposed to the sun for a longer period.
The [Food and Drug Administration] has not approved a new filter ingredient for broad use in the United States since the 1990s. In Europe, Asia and Australia, they have, you know, almost double the filters available for cosmetic chemists that we have.What sunscreen brand is being sued? ›
Sunscreen Recall Lawsuit
On October 8, 2021, the MDL Panel created a sunscreen recall class action lawsuit. This means all federal benzene cancer lawsuits against Johnson & Johnson sunscreen products filed in federal court will be assigned to U.S. District Judge Anuraag Singhal in Fort Lauderdale.
People with fair skin are more likely to develop skin cancer due to sun exposure, but people with darker skin are at risk of more serious kinds of skin cancer. Therefore, everyone should wear sunscreen every day, no matter your skin tone.What is the 3 1 1 rule for sunscreen? ›
Each passenger may carry liquids, gels and aerosols in travel-size containers that are 3.4 ounces or100 milliliters. Each passenger is limited to one quart-size bag of liquids, gels and aerosols.What is the strongest sunscreen protection? ›
Let's first break down how the SPF system works: "SPF 15 guards against 93 percent of UVB rays, SPF 30 protects against 97 percent, SPF 50 is about 98 percent, and SPF 100 blocks 99 percent," Joshua Zeichner MD, a board-certified dermatologist from New York City, tells Allure.
And why wouldn't you? It's a simple equation: The sun produces ultraviolet (UV) rays, which cause sunburns and skin cancer. Using a full-spectrum sunscreen helps prevent UV rays from penetrating the skin, reducing skin cancer risk.What is the controversy over sunscreen? ›
One of the major controversies surrounding sunscreen use is that it can interfere with natural Vitamin D synthesis. Studies on this topic have generated conflicting results, partly because of methodological differences.Is more expensive sunscreen worth it? ›
While you want to find a sunscreen that's SPF 30 to 50, broad spectrum, and with water resistance, it doesn't matter which brand you choose. If you've been asking, "Is expensive sunscreen worth it?" know that "there is no correlation between the cost of a sunscreen and its effectiveness," Frey says.What sunscreen do the Kardashians use? ›
When it comes to shielding themselves from harmful UV rays, stars like Kourtney Kardashian, Drew Barrymore and Hailey Bieber turn to EltaMD UV Clear Facial Sunscreen. Right now, the dermatologist-favorite product — along with more EltaMD sunscreen and skincare — is steeply discounted at Amazon.What sunscreen did Mark Zuckerberg use? ›
Mark Zuckerberg Uses Mineral-Based Sunscreen – Smart Guy! Mineral-based sunscreen is not a joke. It got a lot of laughs when Facebook founder Mark Zuckerberg over-applied that heavy-duty zinc oxide, but we still think it's pretty cool.Does a black person need sunscreen? ›
Everyone, including those with darker skin, needs to wear sunscreen every day. Putting on broad-spectrum sunscreen that blocks both UVA and UVB rays can help decrease your risk of skin cancer. Sunscreen also helps prevent hyperpigmentation and premature skin aging, including wrinkles, sagging and age spots.Do Chinese use sunscreen? ›
Many Asian cultures are more conscious of skin protection than Westerners, which means they use sunscreen more often. While the use of sunscreen differs between Asia and Western countries, so does the sunscreen formula.Why is Korean sunscreen so good? ›
Korean formulations are light, non-greasy, and apply easily. They wear well under makeup and over moisturisers and are a breeze to reapply. “Unlike most sunscreens that can feel heavy and greasy, Korean sunscreens leave no sticky residue and make skin feel smooth and moisturised,” says Banerjee.What is the new carcinogen in sunscreen? ›
In addition, tests published in 2023 of 50 sunscreen products (purchased in 2021) found that 80% contained benzene, with three containing relatively higher amounts. FDA guidance suggests that no level of benzene is safe, and it is not permitted in these or other products.What is the safest sunscreen to purchase? ›
Consider a mineral-based sunscreen
If you are concerned about health effects, the safest choice is a so-called “mineral” or “physical” sunscreen with zinc oxide or titanium dioxide, dermatologists say. Those are the only sunscreen ingredients that the FDA says are “generally recognized as safe and effective.”
Unseen Sunscreen SPF 40 is our top pick; it's a totally undetectable oil-free formula that's scentless and clear, too. For an option you can pick up in the drugstore, consider the wallet-friendly CeraVe Ultra-Light Moisturizing Lotion SPF 30 which is packed with ceramides and leaves skin with a matte finish.Will anything happen if I use expired sunscreen? ›
Expired sunscreen actually means that the product will no longer protect you and it increases your potential for sunburns, sun damage and skin cancer. “If you're using expired sunscreen, you're essentially just putting on a regular moisturizer and aren't getting any sort of UV protection,” says Dr. Vij.Does unopened sunscreen really expire? ›
Does Sunscreen Expire If Not Opened? Your bottle of sunscreen can still expire even if it hasn't been opened. Sunscreen deteriorates in efficacy when it's exposed to heat, sunlight, and moisture. All sunscreens are formulated to have a shelf life of up to three years– whether they've been opened or not.Does sunscreen go on before or after moisturizer? ›
However, a physical sunscreen (aka mineral sunscreen) should always be applied after your moisturizer. This is because a physical sunscreen sits on top of the skin—it never penetrates it—instead creating a barrier between your skin and UV rays, reflecting them away.Why are Japanese sunscreens better? ›
Another unique feature of Japanese sunscreens is their high protection factor. Many Japanese sunscreens offer a sun protection factor (SPF) of 50+ and above, providing maximum protection against harsh UV rays and UVB rays.Do we actually need sunscreen? ›
Wearing sunscreen is one of the best — and easiest — ways to protect your skin's appearance and health at any age. Used regularly, sunscreen helps prevent sunburn, skin cancer and premature aging. To help make sunscreen a part of your daily routine, dermatologist Anna Chien addresses common concerns.Why sunscreen is better than sunblock? ›
The difference between sunscreen and sunblock
Most sunscreens only cover UV-B rays. Sunblock physically blocks the sun's UV rays from penetrating the skin, acting as a barrier. Sunblocks contain either zinc oxide or titanium dioxide and protect the skin against both UV-A and UV-B rays.
Ideally, 1 teaspoon of sunscreen needs to be applied on your face. You can even follow Fiddy's 3 finger rule - According to Jade (Fiddy Snails), the equivalent to three fingers is the right amount of sunscreen that needs to be applied on your face to get the right protection.Have sunscreen sales increased? ›
Sunscreen sales have increased steadily over the past 5 years, with the 2 most popular formulations being lotions and clear aerosol sprays.Who regulates sunscreen? ›
FDA regulates sunscreens to ensure they meet safety and effectiveness standards.
American Indians/Alaskan Natives also reported less frequent sunscreen use compared to Non-Hispanic Whites and Asians, but more frequent use than African Americans.What do Americans call sunscreen? ›
Sunscreen, also known as sunblock or sun cream, is a photoprotective topical product for the skin that helps protect against sunburn and most importantly prevent skin cancer. Sunscreens come as lotions, sprays, gels, foams (such as an expanded foam lotion or whipped lotion), sticks, powders and other topical products.Did Native Americans have sunscreen? ›
Some Native American tribes used Tsuga canadensis, a type of pine needle, which was is also effective in soothing sunburns. It is surprising that these cultures were able to formulate sunscreens long before the cause of sun damage was understood.Why wear SPF everyday? ›
Sunscreen helps protect against photoageing, cellular DNA damage and hyperpigmentation, so you should wear sunscreen every day as part of your skincare routine. To prevent sunburn, reduce the risk of skin cancer, and decrease the likelihood of early skin ageing we recommend you wear sunscreen every day.How big is the global skincare market? ›
Skincare Market Research, 2031. The global skincare market size was valued at $146.7 billion in 2021, and is projected to reach $273.3 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.How much sunscreen is sold every year? ›
Global market size of sunscreen cream 2019-2024
The global sunscreen cream market size amounted to about 8.5 billion U.S. dollars in 2019, and was forecast to reach over 10.7 billion U.S dollars by 2024.
The global revenue in the sun protection skin care segment of the beauty & personal care market was forecast to continuously increase between 2023 and 2027 by in total 2,371.2 million U.S. dollars (+21.9 percent). The revenue is estimated to amount to 13.2 billion U.S. dollars in 2027.How much sunscreen is recommended by the FDA? ›
Reapply at least every two hours. Apply more often if you're swimming or sweating. (Read the label for your specific sunscreen. An average-size adult or child needs at least one ounce of sunscreen, about the amount it takes to fill a shot glass, to evenly cover the body.)How big is the skincare market in 2023? ›
Revenue in the Skin Care segment amounts to US$155.70bn in 2023.How much is the skincare industry worth 2023? ›
Revenue in the Skin Care segment amounts to US$21.09bn in 2023. The market is expected to grow annually by 3.42% (CAGR 2023-2027). In global comparison, most revenue is generated in the United States (US$21,090.00m in 2023). In relation to total population figures, per person revenues of US$62.64 are generated in 2023.
Revenue in the Beauty & Personal Care market amounts to US$571.10bn in 2023. The market is expected to grow annually by 3.80% (CAGR 2023-2027). The market's largest segment is the segment Personal Care with a market volume of US$253.30bn in 2023.How many Americans wear sunscreen daily? ›
Most American Adults Do Not Use Sunscreen Regularly
About 30 percent of women and less than 15 percent of men regularly use sunscreen on both the face and other exposed areas of skin, the survey suggested.
“According to the latest research study, the demand of global Sun Protection Market size & share was valued at approximately USD 11.97 Billion in 2022 and is expected to reach USD 13.11 Billion in 2023 and is expected to reach a value of around USD 21.05 Billion by 2030, at a compound annual growth rate (CAGR) of about ...Why is sunscreen so expensive now? ›
High-Quality Ingredients And Formulations
One of the primary reasons sunscreen can be expensive is due to the high-quality ingredients and sophisticated formulations that are required for effective sun protection.
The law was a response to an approval process that has origins in a late-1970s decision by FDA to regulate sunscreens as OTC drugs subject to dosage and labeling restrictions. Proposed new molecules are subject to a higher degree of safety scrutiny than if they were regular cosmetics ingredients.What sunscreen does the CDC recommend? ›
You should use a broad spectrum sunscreen with SPF of 15 or higher.