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Suncare Products Market Trends

Report ID: GMI10993
Published Date: Aug 2024
Report Format: PDF

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Suncare Products Market Trends

Technological advancements in formulation have notably boosted the effectiveness and allure of suncare products. Innovations like water-resistant, non-greasy, and broad-spectrum formulas cater to consumer demands for protection and comfort. Moreover, the burgeoning middle class in emerging markets, especially in Asia Pacific and Latin America, is driving up expenditures on personal care products, suncare included. Additionally, with global travel and outdoor activities on the rise, there's an intensified demand for suncare solutions as consumers aim to protect their skin from sun exposure.

Authors: Ankit Gupta, Sunita Singh

Frequently Asked Questions (FAQ) :

Suncare products market size was USD 12.9 billion in 2023 and is expected to register 4.2% CAGR from 2024-2032 due to heightened awareness about the dangers of UV exposure, including skin cancer and premature aging worldwide.

Suncare products industry from the sun protection products segment is expected to reach USD 12.1 billion by 2032 due to individuals increasingly seeking products to prevent UV-induced skin damage.

North America suncare products industry is expected to register 4.5% CAGR from 2024-2032 due to consumers, prioritizing youthful skin and aging prevention, fueling the demand for advanced suncare products boasting anti-aging benefits in the region.

Bayer AG, Beiersdorf AG, Clarins Group, Coty Inc., Edgewell Personal Care, Johnson & Johnson, Kao Corporation, L'Oréal Group, Procter & Gamble Co., Revlon, Inc., Shiseido Co., Ltd., The Estée Lauder Companies Inc., and Unilever, are some of the major suncare products companies worldwide.