Global Sun Care Market worth US$ 8.9 Billion 2018 with a CAGR of 4.50%

The report "Global Sun Care Market, By Product (Self-tanning Products, After-sun Products, and Sun Protection Products), By Type (SPF 6-14, SPF 15-30, SPF 30-50, SPF 50 ), By Distribution Channel (Offline Retail Stores and Online Retail Stores), By Form (Cream, Gel, Lotion, Powder, Liquid, Wipes, Spray), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030" Global suncare market accounted for US$ 8.9 billion in 2018 with a CAGR of 4.50%. As consumer has become more aware of the harmful effects of UV rays and their interest in premature skin ageing, skin cancer and other skin diseases, the demand for sunscreen products is grow significantly, especially in areas with high exposure to UV rays, as the need for exceptional protection against ultraviolet rays and the sun rays. Consumer expectations about the additional benefits of these products are leading manufacturers to produce innovative and versatile sun protection products.

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Key Highlights:

On October 7, 2019, Shiseido announced that it develops the world's first technology that increases UV protection effect with heat.
On May 13, 2019, Beiersdorf acquires Coppertone from Bayer, Beiersdorf entered into a definitive agreement with Bayer for the purchase of the sun care business marketed under the Coppertone brand.

Key Market Insights from the report:

The global sun care market accounted for US$ 8.9 billion in 2019 and is projected to register a moderate CAGR of 4.50% over the forecast period. The market report has been segmented based on component, business type, category, and region.

By product, the demand for self-tanning products is expected to surge in the foreseeable future, and the majority of the demand is likely to be concentrated across the world.
By type, the target market is segmented into SPF 6-14, SPF 15-30, SPF 30-50, and SPF 50 .
By distribution channel, the global market is classified into offline retail stores and online retail stores.
By form, the cream segment accounted for the majority of sunscreen products. The factors that propel the division include the simplicity of use and the nutritional ingredients of the creams. It is also one of the most common forms of sunscreen products.
By region, Asia-Pacific is projected to lead the global Sun Care market and is expected to remain dominant during the forecast period, due to increasing awareness of sunburn damage among consumers.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Sun Care Market," By Product (Self-tanning Products, After-sun Products, and Sun Protection Products), By Type (SPF 6-14, SPF 15-30, SPF 30-50, SPF 50 ), By Distribution Channel (Offline Retail Stores and Online Retail Stores), By Form (Cream, Gel, Lotion, Powder, Liquid, Wipes, Spray), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

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The prominent player operating in the global Sun Care market includes Group Clarins, Burt's Bees, Beiersdorf AG, Johnson & Johnson, Shiseido Co. Ltd., Coty inc., L'Oreal, Estee Lauder, Bioderma Laboratories, and Unilever.

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This release was published on openPR.