After-Sun Care Market Poised for Strong Growth, Projected at $3.73 Billion by 2033

The global after-sun care products market is projected to experience robust growth, with a compound annual growth rate (CAGR) of 3.4% over the next decade, a significant increase from the modest 1.4% CAGR observed between 2018 and 2022. Sales of after-sun care products are expected to rise from an estimated US$ 2.67 billion in 2023 to US$ 3.73 billion by the end of 2033. After being in the sun, people use after-sun care products to protect their skin from damage and tanning. Over the next several years, it is anticipated that rising aesthetic awareness and a global increase in the use of personal care products will predominantly boost shipments of after-sun care products.

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Key Driving Forces Accelerating the Market Growth

In recent years, public awareness of the harmful effects of UV radiation on the skin has significantly increased. Educational campaigns by health organizations, skincare experts, and sunscreen manufacturers have underscored the importance of sun protection to prevent sunburn, premature aging, and skin cancer. This growing awareness has led to higher demand for after-sun care products, as consumers now understand the necessity of caring for their skin after sun exposure. The trend towards overall health and wellness has further driven individuals to enhance their skincare routines. Consumers are increasingly looking for products that not only protect their skin from sun damage but also nourish and revitalize it post-exposure. After-sun care products, including soothing lotions, gels, and creams, provide much-needed relief and hydration to sun-stressed skin.

North America, a popular tourist destination attracting millions of visitors annually, sees a high demand for after-sun care products, especially among tourists from regions with less intense sun exposure who are more prone to sunburn and skin damage. In the United States, after-sun care product sales are projected to reach US$ 795.36 million by the end of 2033. Additionally, the rising rates of skin cancer globally, including in North America, have made people more conscious of the link between sun exposure and skin cancer. As a result, they are taking proactive steps to protect their skin. After-sun care products are essential in alleviating the immediate effects of sunburn and reducing long-term skin damage, making them appealing to consumers looking to minimize their skin cancer risk.

List of Key Companies Profiled in The Report

L'Oréal S.A.
Natura &Co
Johnson & Johnson Services Inc.
Shiseido Co. Ltd.
The Procter & Gamble Company
The Estee Lauder Companies Inc.
Kao Corporation
Beiersdorf Aktiengesellschaft
Others

Vital indicators shaping the future of the industry

Growing awareness about the importance of sun protection and skin health will continue to drive the demand for after sun care products. Consumers' increasing concern about the harmful effects of UV radiation and their willingness to invest in skincare products will shape the market's future.

The level of market penetration and the intensity of competition among manufacturers will determine the pace of innovation and the introduction of new products. As the market becomes more saturated, manufacturers may focus on product differentiation and unique selling points to gain a competitive edge.

Challenges hindering the market growth

The demand for after sun care products tend to be highly seasonal, peaking during the summer months when people engage in more outdoor activities. During colder months, demand drops significantly, posing a challenge for manufacturers to maintain consistent sales and revenue throughout the year.

The market for after sun care products in North America is competitive, with numerous brands vying for market share. Established players and new entrants constantly introduce new products and marketing strategies, making it challenging for smaller or less well-known brands to gain traction.

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Competitive Landscape

Leading manufacturers of after sun care products are strategically concentrating on the introduction of novel offerings to diversify their product portfolio and gain a competitive edge within the industry.

In a notable development in May 2022, Eucerin, a distinguished provider of top-tier skincare and body care products, unveiled the latest addition to its offerings - the Eucerin Sun line. This new line comprises seven meticulously developed products in collaboration with dermatologists, specifically addressing the requirements of both the body and face. The strategic launch underscores the industry's commitment to innovation and meeting the evolving demands of consumers seeking effective after sun care solutions.

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This release was published on openPR.