DUBLIN–(BUSINESS WIRE)–The “Sun Care Products – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Sun Care Products estimated at US$13.5 Billion in the year 2020, is projected to reach a revised size of US$20.1 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020 -2027.
Sun-Care Products, one of the segments analyzed in the report, is projected to record a 6.6% CAGR and reach US$12.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the After Sun Products segment is readjusted to a revised 5% CAGR for the next 7-year period.
The US Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 9% CAGR
The Sun Care Products market in the US is estimated at US$3.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2027 trailing a CAGR of 9 % over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Self-Tanning Care Products Segment to Record 4.3% CAGR
In the global Self-Tanning Care Products segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.7 Billion by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period.
Select Competitors (Total 191 Featured):
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Avon Products Inc.
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Bayer Healthcare
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Beiersdorf AG
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Blistex Inc.
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Clarins Group
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Edgewell Personal Care Company
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Johnson & Johnson
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L`Oreal SA
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Neutrogena Corporation
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Shiseido Co. Ltd.
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The Estee Lauder Companies Inc.
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Walgreens Boots Alliance
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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Influencer Market Insights
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World Market Trajectories
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Industry to Shine with Brighter Prospects
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Recent Market Activity
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Current & Future Analysis
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Growth Drivers in a Nutshell
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Challenges in a Nutshell
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Developing Countries Drive Future Market Growth
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Sunscreens and Skin Cancer
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Consumer Awareness: Key to Demand for Sun Care Products
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Value Added Features Drive Sales
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Demand for Youthful Appearence Add to Market Opportunities
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Competition
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Leading Players
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Manufacturers Devise Distinct Strategies
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Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
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Innovations Fuel Growth in Suncare Products Market
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Demand for Stronger Sunscreens Ups the Demand for Ingredients
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Novel Ingredients – A Prime Focus Area in Corporate R&D Agenda
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Sustainability Emerges as a Buzzword in Sun Care Products Market
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Demand for Natural Sun Screens Picks Up
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Preference for Organic Products on Rise
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Multi-Functional Products – A Crossover Segment Gaining Popularity
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Sun Protection Factor (SPF) in Skin Care Products
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Self-Tanning Products Witness Strong Demand
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Industry Witnesses Growing Penetration of Nano Particles in Sun Care Products
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Sunscreens for Sensitive Skin – An Emerging Niche
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Sun Care Products for Kids – A High Growth Avenue
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Smart Devices and Wearables to Determine Sun Exposure Drive Opportunities
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Anti-Pollution Sunscreens Gain Entry
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Research-Backed Ingredients: Key to Success in the Marketplace
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Market Witnesses Evolution of Edible Sunscreens
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Lotion Pumps for Sun Care Products Witness Rapid Uptake
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Stem Cell Technology: The New Frontier
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Sunscreens with High SPF under Question Even as their Demand Increases
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/8yscbq