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Emerging Trends Influencing The Growth Of The Lotions (Including Sunscreens) Market: Growing Demand For Multi-Benefit Combinations Reshapes The Cosmetics Market
The Lotions (Including Sunscreens) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Lotions (Including Sunscreens) Market?
The market size for lotions, including sunscreens, has seen significant growth in recent times. The projection for this growth is from $58.74 billion in 2024 to $68.25 billion in 2025, with a compound annual growth rate (CAGR) of 16.2%. Factors contributing to this growth in the past include consumer knowledge and education, trends in fashion and beauty, concerns related to the environment and climate, and market competition.
The market for lotions, which include sunscreens, is projected to experience a significant surge in growth over the coming years, with its value forecasted to reach $120.71 billion by 2029, growing at a compound annual growth rate (CAGR) of 15.3%. This projected growth could be due to a variety of factors, such as global health issues, ingredient innovation, customization and personalization, an increase in disposable income, the influence of social media, and environmental sustainability. The forecast period is also expected to see a rise in trends such as natural and organic ingredients, advancements in sunscreen technology, a focus on sustainable packaging, the proliferation of digital marketing and e-commerce, and a heightened global awareness of the importance of sun protection.
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What Are the Different Lotions (Including Sunscreens) Market Segments?
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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What Are the Primary Drivers Shaping the Lotions (Including Sunscreens) Market?
The surge in the number of millennials is predicted to spur the lotion market. Millennials, individuals born between approximately 1981 and 1996, are known for their upbringing during a time of fast-paced technological progress and considerable societal changes. The surge in birth rates during the 1980s and 1990s, combined with advancements in healthcare, led to a significant rise in the millennial population. Skincare products such as lotions strongly appeal to millennials who prioritise wellbeing and personal care, mirroring lifestyle preferences common in this rapidly growing age group. For example, as per a report released by Global News, a Canada-based media firm, in February 2024, the millennial population saw an increment of 457,354 from July 1, 2022, to July 1, 2023, solely due to the influx of permanent and temporary immigrants. Hence, the escalating millennial population is propelling the lotions market.
Which Companies Are Leading in the Lotions (Including Sunscreens) Market?
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
What Are the Major Trends Shaping the Lotions (Including Sunscreens) Market?
There has been an accelerated growth in the preference for products that offer multiple advantages. The market has seen the entry of items like anti-aging serum-infused foundations, sunscreen lotions, UV protection nail polish, and anti-aging formulas. It's anticipated that these multi-benefit solutions will become increasingly prevalent in various categories, including hair care with anti-aging properties or lipsticks incorporated with lip care.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Lotions (Including Sunscreens) Market?
2. What is the CAGR expected in the Lotions (Including Sunscreens) Market?
3. What Are the Key Innovations Transforming the Lotions (Including Sunscreens) Industry?
4. Which Region Is Leading the Lotions (Including Sunscreens) Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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