Sunscreen Cosmetics Market Analysis Growth Factors and Competitive Strategies by Forecast 2030

Global Sunscreen Cosmetics Market is predicted to attain a valuation of USD 3 billion in 2030 from USD 1.7 billion in 2020. The industry, fueled by various growth inducing factors will further expand with a CAGR of 5.6% over 2022-2030.

With strategic analysis, micro and macro market trend and scenario, pricing analysis, and a comprehensive description of the market circumstances in the projected period, the Sunscreen Cosmetics Industry Research Report keeps a close eye on the market's top competitors. It is an expertly written, in-depth study that emphasises key and secondary drivers, market share, top categories, and regional analysis. The report also examines key players, significant partnerships, mergers, and acquisitions, as well as popular innovations and business practices.

The availability of a wide range of solutions for UV protection, complexion enhancement, skin tone effects, and quickly rising sales of tinted sunscreen products in many verticals are all results of advancements in sunscreen technology. Additionally, it is anticipated that consumers of all ages will desire tinted sunscreen more due to the dual benefits of utilising such products.
Use of organic absorbers with a carbon base, such as oxybenzone and octinoxate, is well recognised. The use of these risk-free chemicals has increased demand for tinted sunscreen lotions, further enhancing their appeal.
Additionally, the fact that darker skin tones can use it in conjunction with light foundation is a contributing factor in the increased sales of tinted sunscreen lotions. The improving personal and economic
Demand for organic products has increased in both developed and emerging nations due to rising health concerns and awareness of the negative impacts of artificial and chemical products. Consumer demand for green label sun care products is growing, which has sparked an increase in the manufacture of sun protection goods worldwide.

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Global Sunscreen Cosmetics Market- Key trends

Beneficial characteristics of sunscreen cosmetics is escalating their demand

Sun screen based cosmetics are equipped with numerous beneficial properties. Their ability to absorb harmful UV radiation from sun rays prevents deadly ailments like skin cancer. Moreover, they also reduce signs of aging and damage caused by excessive exposure to the sun. These factors are adding traction to the development of this industry sphere.

Rising adoption of organic sunscreens to bolster market growth

There has been an elevating demand for organic sunscreen based cosmetics across the globe. This is predominantly powered by the growing health and environment consciousness of the masses. Moreover, increasing trends of veganism has further increased the adoption or organic sunscreens. Therefore, industry players are emphasizing on to developing and launching sunscreen based cosmetics made of natural and eco-friendly ingredients. This in turn is stimulating the overall dynamics of this market vertical.

Global Sunscreen Cosmetics Market- Segmental assessment
By Form
• Cream
• Gel
• Lotion
• Liquid
• Sprays
• Lip Balm
• Wipes

By SPF
• SPF 6-14
• SPF 15-29
• SPF 30-50
• SPF 50+

By Sports type
• Extreme Outdoor
• Baseball
• Swimming
• Others
The extreme outdoor segment is slated to generate significant returns by 2030 as individuals playing extreme outdoor sports need effective sun protection.

By Price
• High/Premium
• Medium
• Low
The medium segment is poised to amass notable gains owing to their affordability.

Global Sunscreen Cosmetics Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is reckoned to lead the market in terms of revenue share over the forecast duration of 2022-2030. This is ascribed to the growing beauty and health consciousness of the masses, increasing per capita income levels, along with the rapidly evolving cosmetics and personal care industry in the region.

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FAQs
• What is the overall value of the global sun protection products market?
• The global sun care products market enjoys a valuation of over US$ 15 Bn at present.
• What is the demand outlook for sun protection products?
• What is a key trend dominant in the sun protection products space?
• What are the key factors propelling the sales of sun protection products?
• What is the Europe sun protection products market outlook?
• What is the cumulative share of the top ten companies manufacturing sun protection products?
• Which are the top 5 countries exhibiting high demand for sun protection products?
• What is the share of Germany and China in the sun protection products industry?

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