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Global Self-Tanning Products Market to Reach $2.5 Billion by 2031, Driven by Rising Health Concerns and Aesthetic Trends

06-20-2024 03:46 PM CET | Consumer Goods & Retail

Press release from: Transparency Market Research

Self-tanning Products Market

Self-tanning Products Market

The global self-tanning products market, valued at USD 1.5 billion in 2022, is projected to expand at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2031, reaching an estimated USD 2.5 billion by the end of 2031. This growth is driven by increasing concerns over the harmful effects of UV radiation, a rising desire for rejuvenated and tanned skin, and a demand for convenient skincare solutions in an increasingly hectic lifestyle.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38216

Key Drivers of Market Growth
1. Health Concerns and UV Radiation: The primary driver of the self-tanning products market is the increasing awareness of the harmful effects of UV radiation. Prolonged exposure to UV rays is a major cause of skin cancer and other skin-related diseases. Self-tanning products offer a safer alternative, providing a bronzed appearance without the risks associated with sun exposure.

2. Skin Rejuvenation and Aesthetic Trends: The demand for aesthetically pleasing skin solutions is rising, with many consumers seeking products that provide not only a tan but also skin rejuvenation benefits. Self-tanning products are increasingly formulated with ingredients like hyaluronic acid, vitamins C and E, and other natural extracts that hydrate and nourish the skin, reducing the appearance of wrinkles and hyperpigmentation.

3. Convenience and Lifestyle: The fast-paced lifestyle of modern consumers necessitates easy-to-use and quick solutions. Self-tanning products fit this demand perfectly, offering an instant tan without the need for lengthy sunbathing sessions. Their ease of application and affordability compared to salon visits make them an attractive option.

Market Dynamics
Rise of E-commerce and Online Retail Channels
The expansion of the e-commerce sector has significantly boosted the self-tanning products market. Online retail channels offer consumers a convenient way to purchase these products, often with added benefits like virtual try-on features using augmented reality (AR) and virtual reality (VR). These technologies enhance the shopping experience, allowing customers to see how the products will look before making a purchase.

Shift Towards Natural, Vegan, and Organic Products
There is a growing preference for natural, vegan, and organic self-tanning products. Consumers are increasingly conscious of the ingredients in their skincare products, driving demand for formulations free from harmful chemicals. This trend is encouraging manufacturers to innovate and develop products that meet these new consumer standards.

๐—–๐—น๐—ถ๐—ฐ๐—ธ ๐—ต๐—ฒ๐—ฟ๐—ฒ ๐˜๐—ผ ๐˜ƒ๐—ถ๐—ฒ๐˜„ ๐˜๐—ต๐—ฒ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฟ๐—ฒ๐—ต๐—ฒ๐—ป๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ถ๐—ป ๐—ณ๐˜‚๐—น๐—น ๐—ฑ๐—ฒ๐˜๐—ฎ๐—ถ๐—น - https://www.transparencymarketresearch.com/self-tanning-products-market.html

Key Market Segments
1. Product Types:
โ€ข Body Tanner
โ€ข Skin Tanner
โ€ข Face Tanner

2. Formulations:
โ€ข Lotions
โ€ข Gels
โ€ข Mousses
โ€ข Sprays

3. Ingredients:
โ€ข Naturally-derived DHA
โ€ข Vitamins (C, E)
โ€ข Hyaluronic Acid
โ€ข Botanical Extracts

Regional Market Analysis
North America and Europe
These regions have seen a significant increase in the adoption of self-tanning products, especially among younger demographics. Companies in these regions are continuously introducing innovative products to offer a more realistic tanning experience.

Asia Pacific
Asia Pacific is anticipated to dominate the global market during the forecast period, driven by a substantial rise in demand for skincare and cosmetics products. The lucrative presence of market players and increasing consumer awareness about the benefits of self-tanning products contribute to this growth.

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ | ๐ˆ๐ฆ๐ฆ๐ž๐๐ข๐š๐ญ๐ž ๐ƒ๐ž๐ฅ๐ข๐ฏ๐ž๐ซ๐ฒ ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ฅ๐ž ๐š๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=38216<ype=S

Competitive Landscape
Key players in the self-tanning products market include Artesian Tan, Beauty By Earth, Charlotte Tilbury, Coco & Eve, Hautebronze, James Read, Lancome, L'Orรฉal Paris, Luna Bronze, and St. Tropez. These companies are focusing on strategies such as new product launches, collaborations, and mergers to increase their market share.

Notable Developments
1. CosmoSun by Cosmopolitan (August 2021): Cosmopolitan, in collaboration with Devoted Creations, launched a range of cruelty-free, vegan, and nut-free tanning products. The product line includes instant body bronzer, liquid sunshine tanning water, and sunless mousse, among others.

2. BONDI Sands PURE Range (January 2021): BONDI Sands introduced the PURE range, featuring eco-friendly self-tanning products with 100% recyclable packaging. Key products include Pure Self Tanning Drops, Pure Self Tan Foaming Water, and Pure Self Tanning Face Mist.

3. St. Tropez Self Tan Express Bronzing Gel (May 2020): St. Tropez launched the Self Tan Express Bronzing Gel, which includes hyaluronic acid for skin hydration and intelligent shade technology for a natural tan look.

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€ ๐—ง๐—ฟ๐—ฎ๐—ป๐˜€๐—ฝ๐—ฎ๐—ฟ๐—ฒ๐—ป๐—ฐ๐˜† ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜:

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