The Global Sun Protection Products Market is estimated to be valued at USD 11,002.34 Million by 2025 and is expected to register a CAGR of 5.31% during the forecast period. The demand for natural and organic skincare products is increasing, especially in Europe and North America, opening up avenues for manufacturers to develop products with natural and organic ingredients. Natural chemicals such as polyphenols (curcumin and tannins), anthocyanidins, carotenoids, volatile oils from vegetables and fruits, medicinal plants such as aloe vera juice, algae, and lichens are more effective than synthetic chemicals. Owing to the long-term benefits of natural ingredients, especially against UV rays and free radicals, which cause skin damage, they are widely preferred by the manufacturers of sun protection products. These ingredients offer strong antioxidant, moisturizing, and cooling effects on the skin, making them ideal ingredients for various skincare and personal care products. Frequent reapplication of organic sun protection products helps mitigate the damage caused by UV radiation and avoid chronic conditions such as cancer. Hence, these natural chemicals can be used in sunscreen products. The rising demand for clean label products, increasing consumer awareness of health and wellness, and growing consumer interest in natural and organic products are expected to offer lucrative opportunities to the players active in the global sun protection products market.
Segmental Analysis
The global sun protection products market has been segmented on the basis of form, SPF range, application, and region.
Based on form, the global sun protection products market is segmented into gel, lotion, cream, and others. The cream segment is projected to register the highest CAGR of approximately 5% during the forecast period. Sun protecting creams shield the collagen, elastin, and keratin in the skin, which keep it smooth and firm; these products also protect the skin from irritation caused by UV rays. Such creams have a higher oil content as compared to other forms of sun protection products. They have high viscosity, making them heavier, thus, protecting against moisture loss. Creams are generally suitable for dry or dehydrated skin, as they moisturize the skin along with protecting it from UV rays.
Market Players
Market Research Future recognizes Johnson & Johnson Services, Inc (US), L’Oreal S.A. (France), The Estée Lauder Companies Inc. (US), Revlon, Inc. (US), Shiseido Co., Ltd (Japan), Avon Products, Inc (UK), Groupe Clarins (France), Amway (US), Lotus Herbals Pvt. Ltd. (India), Edgewell Personal Care Company (US), Beiersdorf AG (Germany), Procter & Gamble Company (US), and Unilever (UK) as the key players active in the global sun protection products market.
Regional Analysis
Geographically, the global sun protection products market has been segmented into North America, Europe, Asia-Pacific, Central & South America, and the Middle East & Africa. As per MRFR analysis, Europe dominated the market, accounting for the largest share of 35.00% in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR of 5.49% during the assessment period.
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