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Suncare Products Market Size
- Report ID: GMI10993
- Published Date: Aug 2024
- Report Format: PDF
Suncare Products Market Size
Suncare Products Market size was valued at around USD 12.9 billion in 2023 and is estimated to register a CAGR of around 4.2% between 2024 & 2032. Several compelling factors are fueling the robust growth of the market. Heightened awareness about the dangers of UV exposure, including skin cancer and premature aging, is prompting consumers to prioritize sun protection.
This increased awareness, largely driven by public health campaigns and educational initiatives, is resulting in a wider adoption of suncare products. At the same time, consumers are increasingly favoring products with natural and organic ingredients, underscoring a broader trend towards health-conscious and eco-friendly choices.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Suncare Products Market Size in 2023: | USD 12.9 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 4.2% |
| 2032 Value Projection: | USD 18.5 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 415 |
| Segments covered: | Type, Form, Price Range, Consumer Group, Distribution Channel, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Heightened scrutiny over the safety of specific chemical ingredients in suncare products, notably oxybenzone and octinoxate, could dissuade consumers and prompt regulatory restrictions. Manufacturers face costly and intricate challenges in adhering to stringent regulations, particularly in regions like Europe, which may hinder market entry and stifle product innovation.
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Suncare Products Market Scope
