Sun Care Products Market Set to Shine: FMI Forecasts 6.4% CAGR, Reaching US$ 25.3 Billion by 2033

The sun care products market is anticipated to reach a valuation of US$ 13.6 billion in 2023 and is expected to be worth US$ 25.3 billion by 2033. The market is likely to register a CAGR of 6.4% during the forecast period.

The surge in skin-related disorders, including acne, eczema, tanning, rashes, and infection, is expected to drive market growth. Moreover, the market expansion is fueled by rising urbanization, shifting lifestyles, disposable income, and innovation. In addition, the rising consumer awareness of skin diseases, exposure to UV rays, and dullness of skin are increasing the demand for organic sun care products. These products aid in toxin clearance and skincare maintenance.

Customers are molding towards SPF & UV protection sun care products to prevent aging and provide deep moisturization. Manufacturers develop solutions using natural components to treat damaged skin, focusing on consumer needs. In addition, these producers expand market prospects by offering plant-based components free of harmful chemicals.

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Why do Consumers Prefer Sun Care Products in Tubes Packaging?

Tubes packaging is expected to dominate the cosmetic market by securing a 42.8% share by 2033. The manufacturers provide cosmetic products such as shampoo, face wash, cream, lotion, and toothpaste in tube packaging. Tube packaging is dependable and practical because it stores the products and is simple to use. Many sorts, forms, and shapes of tubes are created by manufacturers along with product descriptions. High-quality tubes were designed by the makers for product packing to extend shelf life. Moreover, leading cosmetic and new start-up companies are developing innovative paper tube packaging to facilitate recycling and lower carbon emissions.

Key Takeaways:

The sun care products market is likely to reach a valuation of US$ 25.3 billion by 2033.
The sun care products market is expected to record a CAGR of 6.4% during the forecast period.
The market in the United States is anticipated to capture 81.1% of the share through 2033.
With a CAGR of 57.8%, the Australia sun care products market is expected to increase significantly during the forecast period.
The market in India is expected to secure a share of 27.3% over the forecast period.
The market in China is projected to reach a share of 42.6% by 2033.

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Who is Winning?

The prominent players play a vital role in the global market by capturing maximum output. These prominent players focus on consumers' requirements and launch innovative products to meet their needs. For example, they are developing sun care products without side effects and premium packaging to enhance product life.

These players invest in research and development activities to expand the market size. In addition, the key players upsurge the market through marketing strategies, including collaborations, partnerships, product launches, mergers, and acquisitions.

Other Players in the Market are:

Estee Lauder Companies, Inc.
Coty, Inc.
Revlon, Inc.
Clarins Group
Clinique Laboratories, Inc.
Natura & Co.
Amway Corporation
Shiseido Company, Limited
AmorePacific Corporation
Revlon, Inc.
Kiehl's LLC
Others (On Request)
Beiersdorf AG
The Procter & Gamble Company
Unilever PLC
L'Oreal Group

Recent Developments in the Market are:

In September 2020, a Korean Brand, KOKOSTAR, launched its new product Sunscreen Capsule Mask by adding sunscreen oil and sunblock serum. The company launched this vegan mask with biodegradable ingredients.
In May 2022, L'Oréal launched its new UV filter technology-based product UVMune 400, to protect skin from harmful UVA radiation.
In February 2022, Beiersdorf established its new center in the United States for therapeutic OTC and sun care products.

Sun Care Products Market by Category

By Product Type:

Sunscreen
After Sun Care
Self-tanning Products

By Packaging Type:

Bottles/Jars
Pumps & Dispensers
Tubes
Others

By Age:

Adult
Kids

By Nature:

Organic
Conventional

By Sales Channel:

Hypermarkets/Supermarkets
Specialty Stores
Multi-brand Stores
Pharmacy/Drug Stores
Department Stores
Convenience Stores
Online Retailers
Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
The Middle East & Africa

Read Related Reports:

Tinted Sunscreen Market - https://www.futuremarketinsights.com/reports/tinted-sunscreen-market

Mineral Sunscreen Market - https://www.futuremarketinsights.com/reports/mineral-sunscreen-market

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.