Sun Care Products Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025 (2023)

The sun care products market share is expected to increase by USD4.83 billion from 2020 to 2025,and the market's growth momentum will accelerate at a CAGR of 6.18%.

This sun care products market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sun care products marketsegmentationby product(sun protection products, after-sun products, and self-tanning products), distribution channel (offline and online), and geography (Europe, North America, APAC, South America, and MEA). The sun care products market report also offers information on several market vendors, including Amorepacific Group Inc., Amway Corp., Beiersdorf AG, Coty Inc., Edgewell Personal Care Co., Groupe Clarins, Johnson and Johnson Inc., LOreal SA, Shiseido Co. Ltd., and The Estee Lauder Co. Inc. among others.

What will the Sun Care Products Market Size be During the Forecast Period?

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Sun Care Products Market:Key Drivers and Challenges

The product innovation and product line extension is notably driving the sun care products market growth,although factors such as the availability of counterfeit sun care products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sun care products industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Sun Care Products Market Driver

Product innovation and product line extension are someof the key factors driving the global sun care products market growth. This market requires continuous innovations as there has been a significant increase in the demand for natural and high-quality products that can also address other skin concerns such as anti-aging. Moreover,the increase in the disposable income of the middle-income populationespecially the working class of women has fueled the demand for premium sun care products that can keep the skin moisturized for a longer period of time. Availability of these premium products coupled with rising in spending power will drive the growth of the market in focus during the forecast period.

Key Sun Care Products Market Challenge

Availability of counterfeit sun care products is one of the key challenges to the global sun care products market growth. Low-quality counterfeit BPC products can cause serious skin problems. Price-sensitive customers are attracted to these products due to their low price compared to the products by key vendors. In addition, many consumers buy these fake products asdifferentiating between counterfeits and real products is difficult becausecounterfeit products are copied from original products, which affects the market penetration and profit margins of key vendors. Counterfeit sun care products contain petrochemicals, parabens, and other harmful chemicals, which harm the skin of consumers and the brand's name. Such factors are expected to negatively impact the growth of the market in focus during the forecast period.

Thissun care products market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trendsand challengeswill help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Sun Care Products Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Amorepacific Group Inc.
• Amway Corp.
• Beiersdorf AG
• Coty Inc.
• Edgewell Personal Care Co.
• Groupe Clarins
• Johnson and Johnson Inc.
• LOreal SA
• Shiseido Co. Ltd.
• The Estee Lauder Co. Inc.

This statistical study of thesun care products market encompassessuccessful business strategies deployed by the key vendors.The sun care products market is fragmented and the vendors are deploying growth strategies such as product differentiation and business expansion in emerging marketsto compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The sun care products market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Sun Care Products Market?

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33% of the market's growth will originate from Europe during the forecast period. Germany, France, and UK are the key markets for sun care products in Europe. However, the market growth rate in this region will be slowerthan the growth of the market inSouth America and APAC.

The significant increase in the demand forpremium-priced and multifunctional sun care products will facilitate thesun care products market growth in Europe over the forecast period. This market research report entails detailed information on thecompetitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Sun Care Products Market?

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The sun care products market share growth by the sun protection productssegment will be significant during the forecast period. This high number is attributed to the awareness among consumers about thebenefits of using sun protection products.Amorepacific, Coty, Johnson & Johnson, Beiersdorf, Estée Lauder Companies, and L?Oréal are launching high-quality products in the form of lotions, sticks, and sprays which will further increase the demand forsun care products during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the sun care products market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Sun Care Products Market Report?

• CAGR of the market during the forecast period2021-2025
• Detailed information on factors that will drivesun care products market growth during the next five years
• Precise estimation of the sun care products marketsize and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the sun care productsindustry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of sun care products marketvendors

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