Global Self Tanning Products Market to Grow at 5.3% CAGR and Reach a Valuation of US$ 5.5 Bn by 2026

Recently, a new insightful report titled “Self Tanning Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2026” has been added to the repository of Market Research Reports Search Engine (MRRSE). The global self tanning products market is projected to reach a valuation of US$ 5.5 Bn by 2026, growing at a CAGR of nearly 5.3% during the assessment period.

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The demand for self tanning products is likely to witness an increase during the assessment period on account of increasing consumer spending on luxury cosmetic products. Considering the evolving consumer preferences in the market, manufacturers are focusing on incorporating less harmful ingredients in their offerings. The demand for self tanning products is also increasing on account of high cost of professional tanning services. Availability of step by step instructions on popular video streaming channels has also led more consumers to adopt self tanning products.

The report segments the global self tanning products market into sales channel, end user, product type, source and region. The sales channel segment is further categorized as online stores, drug store, departmental store, convenience store, modern trade and others. On the basis of end user segment, the global market is bifurcated into male and female. The product type segment is sub-segmented into Gel & Scrubs, Essential Oils, Cleansers and foaming, Creams and Lotion and others. By source segment, the market is divided into natural and organic and conventional. Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan.

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According to the report, Europe is likely to remain one of the largest markets for self tanning products globally. The high preference for self tanning products among the region’s populace is one of the key factors for the high growth in the region. The report projects the Europe self tanning products market to reach a valuation of nearly US$ 2.8 Bn by the end of the forecast period. North America is the second largest market for self tanning products, with high demand expected in the US.

The report profiles some of the leading players in the global self tanning products market. Some of the key players profiled in the report are L'Oréal S.A., Johnson & Johnson Services, Inc., Beiersdorf Aktiengesellschaft, Avon Products, Inc., Shiseido Co.,Ltd, Kao Corporation, The Procter & Gamble Company, Unilever PLC, The Estee Lauder Companies Inc and Christian Dior SE.

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