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Rising Consumer Awareness Over the Importance of Sun Protection Drives the Global Sun Care Products Market


Published: January 2018

REPORT STATISTICS


  • Code: MCP-6158
  • Pages: 351
  • Tables: 85
  • Companies: 191


SUN CARE PRODUCTS: A RESEARCH BRIEF

The global market for Sun Care Products is projected to reach US$13.7 billion by 2024, driven by rising awareness over the importance of protecting the skin from harmful ultraviolet (UV) radiation; and launch of new multi-functional products with long lasting, waterproof protection. Current product development theme is centered around the use of nanotechnology to micronize suncare ingredients such as Titanium Dioxide and Zinc Oxide to enable the development of more effective products with higher performance SPF ratings. Commonly utilized UV filters in sunscreens include Para-aminobenzic acid (PABA); Avobenzone; Homosalate; Octisalate; Octinoxate; and Oxybenzone. Also poised to benefit market growth is the strong demand for suncare formulations featuring natural and organic ingredients against the backdrop of growing concerns over the toxicity and risk of allergic reactions caused by chemical and physical sunscreen ingredients. Europe represents the largest market worldwide. Latin America ranks as the fastest growing market with a CAGR of 8.6% over the analysis period, led by factors such as rising temperatures in tropical countries as tropical ecosystems become more vulnerable to global warming; growing consumer spending on cosmetics; and high voltage marketing and promotional campaigns undertaken by manufacturers to position suncare products as a vital part of health and wellness. 

    Summary of Findings

  • Better Understanding of the Electrochemical Processes of the Brain and Development of Disease-Modifying Therapies to Drive Growth in the Antiepileptic Drugs Market
  • Ability to Offer Additive Benefits and Target Multiple Pathologic Processes Simultaneously Drive Demand for Combination CNS Therapies
  • Development of Neuro Protective Drugs & New Alzheimer’s Drugs Engineered to Target Toxic Amyloid Proteins in the Brain to Support Long-Term Growth in the Market
  • Increase in CNS Prescriptions for Pain Manifestations and Psychiatric Disorders to Benefit Demand
  • Growing Focus on Healthcare Cost Containment and Rationalization Spurs Sales of Generic CNS Medications

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India, Indonesia, Malaysia, South Korea, Taiwan, Thailand and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America), and Rest of World

    Market Segmentation & Classification

  • Segments:
    • Sun Protection Products, Self-Tanning Products, and After-Sun Products

MAJOR PLAYERS

  • Avon Products, Inc.
  • Bayer Healthcare
  • Beiersdorf AG
  • Blistex, Inc.
  • Clarins Group
  • Coty, Inc.

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable







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