Press release
Global Lotions (Including Sunscreens) Market Projected to Surpass $120.71 Billion by 2029 with 15.3% Annual Growth
Lotions (Including Sunscreens)
The lotion market is projected to thrive owing to the surging millennial populace. The term 'millennial' defines an individual born around 1981 to 1996, hallmarked by their growth alongside rapid technical evolution and notable societal changes. The considerable rise in millennial population was spurred by high birth rates in the 1980s and 1990s, amplified by upgraded healthcare. Lotion and skincare commodities align well with millennials' robust emphasis on self-care and wellness, mirroring lifestyle fads widespread in this expanding demographic. For instance, Global News, a Canada-based media organization, reported in February 2024 that from July 1, 2022, to July 1, 2023, the millennial population saw an exclusive increment of 457,354 owing to the influx of permanent and temporary immigrants. Hence, the burgeoning millennial population is fueling the market for lotions.
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What Is the projected market size and growth rate for the lotions (including sunscreens) market?
The market size for lotions, including sunscreens, has witnessed a swift expansion in recent years. The market, which was valued at $58.74 billion in 2024, is projected to reach $68.25 billion in 2025, registering a compound annual growth rate (CAGR) of 16.2%. The growth during the historical period is linked to factors such as heightened consumer awareness and education, evolving fashion and beauty trends, pressing environmental concerns, and competitive market forces.
In the coming years, the market size for lotions, including sunscreens, is anticipated to experience rapid expansion. It is projected to reach $120.71 billion in 2029, with a compound annual growth rate (CAGR) of 15.3%. The anticipated growth during the forecast period can be attributed to factors such as global health concerns, innovative ingredients, customization and personalization, increased disposable income, social media influence, and environmental sustainability. Some major trends expected during the forecast period include the use of natural and organic ingredients, advancements in sunscreen technology, an intensified focus on sustainable packaging, the rise of digital marketing and e-commerce, and heightened global awareness about sun protection.
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What new trends are reshaping the lotions (including sunscreens) market and its opportunities?
The interest in multifunctional products has seen a sharp rise. Items like foundations incorporated with anti-aging serums, sunblock lotions, UV protection nail varnishes, and ones with anti-aging merits are being launched in the market. The penetration of multifunctional solutions in diverse categories, such as hair products offering anti-aging benefits or fragrant lipsticks treating lip conditions, is predicted to keep escalating.
What major market segments define the scope and growth of the lotions (including sunscreens) market?
The lotions (including sunscreens) market covered in this report is segmented -
1) By Type: Dry Skin Body Lotion, Oily Skin Body Lotion, Normal Skin Body Lotion, Other Types
2) By Channel: Direct Sales, Distributor
3) By Application: Men, Women, Baby
Subsegments:
1) By Dry Skin Body Lotion: Intensive Moisturizing Lotion, Nourishing Cream, Hydrating Body Butter, Repairing Lotion
2) By Oily Skin Body Lotion: Lightweight Gel Lotion, Oil-Free Lotion, Mattifying Lotion, Non-Comedogenic Lotion
3) By Normal Skin Body Lotion: Daily Moisturizing Lotion, Balanced Hydration Lotion, Lightweight Cream, All-Purpose Body Lotion
4) By Other Types: Sensitive Skin Lotion, Anti-Aging Body Lotion, Fragrance-Free Lotion, Herbal or Natural Body Lotion, Specialty Lotions
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Which region dominates the lotions (including sunscreens) market?
Asia-Pacific was the largest region in the lotions market in 2024. Western Europe was the second-largest region in the global lotions market. The regions covered in the lotions (including sunscreens) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the lotions (including sunscreens) industry growth?
Major companies operating in the lotions (including sunscreens) market include 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., Coty Inc., Galderma Laboratories L.P., Avon Products Inc., Revlon Inc., The Hain Celestial Group Inc., St Ives, Crabtreeand Evelyn Ltd., Aveeno, Groupe Clarins, The Derma Co., Honasa Consumer Ltd., Jergens Inc., Murad LLC, Pharmaceutical Specialties Inc., La Roche-Posay Laboratoire Pharmaceutique, Avalon Natural Products Inc., EltaMD Inc., Hempz Pure Herbal Extracts, Laboratoires Dermatologiques Avene, Uprising Science Private Limited
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What Is Covered In The Lotions (Including Sunscreens) Global Market Report?
•Market Size Forecast: Examine the lotions (including sunscreens) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the lotions (including sunscreens) market for a structured understanding.
•Key Players Overview: Analyze major players in the lotions (including sunscreens) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the lotions (including sunscreens) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the lotions (including sunscreens) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the lotions (including sunscreens) market.
•Industry Challenges: Identify potential risks and obstacles affecting the lotions (including sunscreens) market.
•Competitive Landscape: Review strategic developments in the lotions (including sunscreens) market, including expansions, agreements, and new product launches.
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