Global Sun Protection Products Market: Brief Analysis of Products and Application Set to Attain Higher Position Through 2022
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Sun protection products are available in gel, spray, lotion or other topical formula that either reflect or absorb some of the sun's ultraviolet (UV) radiation. These products are largely used for protecting oneself against sunburn. Regular use of sun protection can also slowdown the process of skin aging as well as momentarily prevent the development of wrinkles.
In many ways, sun protection products are more than just a sun blocking lotion. The American Cancer Society has suggested that use of sun protection products can reduce the risk of squamous cell carcinomas. However, a number of sun protection products available in the market may not come with UVA radiation protection. In several cases, primary cause of photodermatitis and melanoma has been linked with extreme exposure to UVA radiation. Sun protection products are normally labeled and rated with sun protection factor (SPF) that dilutes the fraction of UVA present in sun rays that reach the skin. For instance, "SPF 15" refers to 1/15th of the burning radiation that reach the skin.
Demand for sun protection products usually peaks during the summer season, as consumers particularly the female section seek for the best cosmetics products to protect themselves from sunburn and intensified UV rays. To an extent, sale of sun protection products is subjected to seasonal climate change and consumer preference for alternative products. Therefore, cosmetic brands are now trying to close the gap between sun care and skin care by introducing multipurpose sun protection products. Fact.MR’s latest study projects that the global sun protection products market will increase at a CAGR of 5.6% between 2017 and 2022 to reach a valuation of US$ 13,464.9 Mn. Moreover, growing popularity of natural and organic sun protection formula as well as the universal desire to remain young and attractive is driving innovation in beauty and wellness products.
Sun Protection Products to Remain Highly Sought-After in the Market
Towards the end of forecast period, around US$ 5,675.7 Mn worth sun protection products are expected to sold worldwide. In terms of revenue, sun protection products currently account for more than one-third share of the market. Further, highlighting the use of natural and herbal ingredients in sun protection products remain a key branding strategy for manufacturers, which creates a positive image of the product on the consumer’s mind.
Hypermarket/supermarket will Remain the Leading Distribution Channel for Sun Protection Products
Based on distribution channel, hypermarket/supermarket will continue to be an attractive distribution channel for sun protection products. Mushrooming of hypermarket/supermarket in emerging markets such as China and India is helping the global sun protection products market gain further momentum. Hypermarket/supermarket can accommodate huge stocks of wellness products including sun protection products and also making them easily available to consumers. In recent years, online retails stores have also emerged as a lucrative distribution channel as many of the younger generation of consumers prefer to shop online. By 2022-end, the online sales segment is expected to reach a market valuation of US$ 2,879.4 Mn, reflecting a CAGR of 5.1%.
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Global Sun Protection Products Market- Regional Overview
Among regions, Asia-Pacific excluding Japan (APEJ) is expected to remain at the forefront of the global sun protection products market. APEJ’s sun protection products market revenue is anticipated to increase at a CAGR of 6.4% during the forecast period. This is primarily owing to rising disposable income in the many of the emerging countries in the region. Moreover, the economic growth in APEJ is leading to higher standards of living, which in turn is driving the desires of maintaining oneself better in terms looks and health. Markets in Europe and North America are expected to exhibit positive growth. Revenue from North America sun protection products market is anticipated to increase at a CAGR of 5% over 2022. Meanwhile, Latin America is also expected to account for a significant revenue share of the market during the forecast period. By 2017-end, the region is likely to command for 21.3% market share in terms of revenue, possibly gaining 15 BPS in its market share by 2022.
The report has also profiled prominent manufacturers of sun protection products in the global market, which include Johnson & Johnson, L'Oréal S.A., Avon Products, Inc., Kao Corporation, Shiseido Co.,Ltd, Unilever PLC, Mary Kay Inc., The Procter & Gamble Company, Christian Dior SE, and Beiersdorf Aktiengesellschaft.
Table of Content
Global Sun Protection Products Market - Executive Summary
Global Sun Protection Products Market Overview
2.1.1. Global Sun Protection Products Market Taxonomy
2.1.2. Global Sun Protection Products Market Definition
2.2. Global Sun Protection Products Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Sun Protection Products Market Y-o-Y Growth
2.3. Global Sun Protection Products Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
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