Sunscreen Cream Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global sunscreen cream market is anticipated to grow at a CAGR of 6.0% during the forecast period (2022-2028). Sunscreen, popularly available in the market by names such as sun cream, sunblock, suntan lotion and is defined as a photoprotective topical product for the skin that absorbs or reflects some ultraviolet radiation of the sun. The market growth is majorly attributable to the benefits range offered by these creams which primarily include protection against the harmful ultra violet rays of the sun, protection from sunburn and predominantly for the prevention of skin cancer.

Furthermore, the growing population that is specially inclined to maintaining skincare regime, growing activities that involve direct exposure to sun, increasing outdoor sports and activities, and the added advantage of these creams in limiting the aging effects on the skin are all major contributors to the overall market growth. For instance, as per the Outdoor Industry Association 2020, Outdoor Participation Report showed that 53% of Americans participated in at least one outdoor activity in 2020, whereas 50.7% Americans participated in 2019 - out of which 46.2% of outdoor participants were female versus 53.8% male. Western countries' population comparatively prefer using sun care products more while taking part in any outdoor activity. These activities range from participating in sports to spending time on beaches. Such trends are anticipated to augment the growth of the global sunscreen cream market.

Some key players operating in the market include Beiersdorf AG, L'Oréal S.A., and Proctor & Gamble Co., among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in November 2020, Cetaphil launched its all-new Sun range. The selection features a Cetaphil Sun SPF 50+ Light Gel (50 ml) and a Cetaphil Sun SPF 30+ Light Gel (100 ml).

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Product Type
•By Application
•Regions covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape: Beiersdorf AG, L'Oréal S.A., and Proctor & Gamble Co., among others.

A full report Sunscreen Cream Market of is available at:  https://orionmarketreports.com/sunscreen-cream-market/107432/

Global Sunscreen Cream Market Report by Segment
By Product Type
•Physical Sunscreens
•Chemical Sunscreens
•Biological Sunscreens
•Cosmeceutical Sunscreens
By Application
•Combination Skin
•Oil Skin
•Dry Skin
•Normal Skin

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 
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This release was published on openPR.