Global Sun Screen Market To Record Robust Compound Annual Growth Rate During Forecast Period : Fact.MR

The global demand for sun screen normally rises in the summer season owing to the increasing intensity of sun rays that compel people to take various measure to protect themselves from sunburn.

However, seasonal climate change and availability of other alternatives continue to impact the global sales of sun screen. Which is why, manufacturers are focusing on development of multiuse sun screen lotions that can also address other issues related to skin care.

As per Fact.MR's recently published report, the global market for sun screen is set to expand at 5.6% CAGR during the forecast period (2017-2022) to surpass a valuation of US$ 13,464 Mn. In addition, rising preference for organic and natural sun screen formula coupled with increased desires to look attractive and young is expected to favor the prospects of the market in the years to come.

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Global Sun Screen Market by Category

By Product Type :
Sun Protection Products
After Sun Products
Self-Tanning Care Products
Others

By Form :
Cream
Gel
Lotion
Wipes
Sprays
Others

By Distribution Channel :
Online Sales
Company Owned Websites
E-Commerce Websites
Offline Sales
Supermarkets/Hypermarkets
Specialty Stores
Departmental Store
Convenience Stores
Pharmacy & Drug Stores
Other Sales Channel

By Region :
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Following projection from Fact.MR's report on the global sun screen market are expected to outline the market's future prospects

Demand for sun protection products will continue to be higher than suntan and other sun block products. Over US$ 5,675 Mn worth sun protection products are estimated to be sold by the end of 2022. Currently, sun protection products command for over one-third revenue share of the global market. Cosmetics brands are emphasizing on herbal and natural ingredient owing to increasing concerns over side-effects from use of sun screens that are prepared from synthetic chemicals.

Hypermarket/supermarket has emerged as the top distribution channel for sun screen. Increase construction of hypermarket/supermarket in emerging countries such as India and China is allowing the global market for sun screen to gain further momentum. Huge stocks of wellness items including sun screen can be stored in hypermarket/supermarket giving consumers the option to select form a range of different sun block products. Online retail stores are also a key distribution channel for sun screen as a large portion of the young population chose to hope online. The online sales segment is also projected to grow at a steady CAGR during the forecast period.

The market for sun screen in Asia Pacific excluding Japan (APEJ) is project to remain highly lucrative during the forecast period. The region's market revenue is expected to expand at over 6% CAGR over 2022. This is attributed to the increasing disposable income and rising purchasing power of consumers in APEJ. Furthermore, growth of the economy in various countries in the region is resulting in improving lifestyle and standard of living. The markets in North America and Europe are also anticipated to register impressive growth rate during the assessment period. Meanwhile, Latin America's market is also projected to command for a considerable market share in terms of revenues over the forecast period

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This release was published on openPR.