Press release
Global Lotions (Including Sunscreens) Market: Rise of Millennial Influence, Trends, Key Players and Projections for 2024-2029
Lotions (Including Sunscreens) Market Size
The lotions (including sunscreens) market has witnessed rapid expansion in recent years and continues to grow significantly.
• Market size in 2024: $58.74 billion
• Market size in 2025: $68.25 billion (16.2% CAGR)
• Projected market size in 2029: $120.71 billion (15.3% CAGR)
This growth is primarily driven by consumer awareness, beauty trends, environmental concerns, and competitive factors. The demand for lotions and sunscreens is expected to surge due to global health concerns, innovative ingredients, customization and personalization, rising disposable income, and the influence of social media.
What's Driving the Growth in the Lotions (Including Sunscreens) Market?
The global lotion market's growth is driven by the rapid increase in the millennial population. Millennials, born between 1981 and 1996, often prioritize wellness and self-care, making skin care products essential to their lifestyles. For example, from July 1, 2022, to July 1, 2023, the millennial population increased by 457,354 due to the arrival of permanent, and temporary immigrants, according to reports published by Global News. With their enforced belief in self-care and wellness trends, the millennial demographic is significantly pushing the lotions market growth.
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Who Are the Key Players Driving Lotions (Including Sunscreens) Market Growth?
The lotion market's growth is spurred by major corporations including,
• Johnson and Johnson Services Inc.
• Procter & Gamble Company
• Unilever plc
• L'Oréal SA
• Kimberly-Clark Corp.
• Colgate-Palmolive Company
• Estée Lauder Companies Inc.
• Beiersdorf AG
• L'Oréal USA Inc.
• Shiseido Co. Ltd.
What Are The Key Trends In The Lotions (Including Sunscreens) Market?
The future of the lotions (including sunscreens) market indicates a preference for,
• Natural and organic ingredients
• Innovations in sunscreen technology
• Sustainable packaging
• Growing digital marketing and e-commerce
• Global awareness of sun protection
What Are The Segments Of The Global Lotions (Including Sunscreens) Market?
The global lotions (including sunscreens) market is segmented by:
• Type: Dry Skin Body Lotion, Oily Skin Body Lotion, Normal Skin Body Lotion, Other Types
• Channel: Direct Sales, Distributor
• Application: Men, Women, Baby
Which Region Leads The Lotions (Including Sunscreens) Market?
Asia-Pacific was the largest region in the lotions market in 2024, with Western Europe following as the second largest. The regions covered in the market report span Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Lotions (Including Sunscreens) Market Global Market Report?
• Market Size Analysis: Analyze the Lotions (Including Sunscreens) Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Lotions (Including Sunscreens) Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Lotions (Including Sunscreens) Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Lotions (Including Sunscreens) Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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