Global Sunscreen Market Size, Share, Opportunities, And Trends By Type (Mineral, Chemical), By Texture (Creams And Lotions, Gels, Sticks, Sprays, Powders), By Application (Face, Body), And By Geography - Forecasts From 2024 To 2029

  • Published : May 2024
  • Report Code : KSI061614509
  • Pages : 140

The global sunscreen market is projected to grow at a CAGR of 5.28% to reach US$16.204 billion in 2029 from US$11.372 billion in 2022.

The increasing focus on personal care coupled with the increasing consumer awareness about the benefits of sunscreen is anticipated to be one of the primary global sunscreen industry driving factors in the projected period.  Furthermore, the rising cases of skin cancer, skin disorders, and ageing caused due to high exposure to the sun and not having any barrier to protect the skin is also increasing the demand for sunscreen. Sunscreen products are also gaining popularity in the market as they have multi-functional sun protection which helps in the prevention of wrinkles.

As health concerns grow there will likely be a greater demand for natural and organic personal care products which will drive the market for sun protection products. They make sure that all of the natural ingredients in the product are fully absorbed by the skin. Usually, plants are the source of them. Because more people are becoming aware of skin conditions and cancer worldwide there is a growing demand for sun care products. This trend is anticipated to continue during the forecast period. Customers are also growing more and more fond of these products due to their multifunctional sun protection features that also aid in wrinkle prevention.


Rising incidence of skin disease

The ultraviolet (UV) rays from the sun are causing various diseases, such as melanoma and skin cancer, among others. Moreover, these UV rays are one of the primary reasons for premature ageing of the skin, increasing fine lines, age spots, and the development of wrinkles. The increasing focus of people on looking good and maintaining their youthful skin apart from protecting themselves from the disease is expected to be one of the major global sunscreen market driving factors. Additionally, the increase in outdoor activities and increase in programs related to the importance of sunscreen are providing the reasons for the global sunscreen market growth.

According to the American Cancer Society, melanoma prevalence of the disease is increasing in the United States. As per the estimates, in 2023, 39,490 women and 58,120 men are anticipated to be affected by this disease. The increasing prevalence of such diseases worldwide is considered one of the primary driving factors for increasing demand for sunscreen in the projected period. 

Increasing awareness regarding the adverse effects of UV rays

The relationship between sun exposure and the onset of skin cancer especially melanoma the deadliest form of the disease has been successfully conveyed through education and public awareness campaigns. As people become more aware of the dangers they are more likely to use sun protection products to reduce their risk of developing skin cancer. Furthermore wrinkles fine lines and age spots are brought on by UV radiation which is a major factor in the early aging of the skin. In an effort to preserve youthful healthy-looking skin people are more likely to incorporate sun care products into their regular skincare regimens in order to prevent UV-induced aging.

The rising popularity of various outdoor activities

Sun exposure is common during extended outdoor periods. Long-term outdoor pursuits like swimming hiking camping and outdoor enthusiasts raise the possibility of skin damage and sunburn. This increased exposure to the sun fuels the demand for sun care products that protect against harmful UV radiation.

Furthermore, manufacturers of sun protection gear are constantly innovating to satisfy the needs of outdoor enthusiasts. They make formulas that are resistant to water and perspiration and suitable for active lives. Another major factor driving their growth is the fact that this demographic finds these products appealing because they provide dependable protection during outdoor activities.

Lotion represents the leading texture form

Due to its easy absorption and smooth spreading properties, it provides uniform coverage. Preventing sunburn and skin damage requires continuous protection which this ensures. Furthermore, because sunscreen lotions are versatile customers can use them on their bodies as well as their faces. People of all ages and skin types can use them making them a popular choice for families and individuals with different skincare needs. In order to suit various sun exposure situations and individual preferences lotions are also available in a range of Sun Protection Factor (SPF) levels. Regardless of whether they require a lower SPF for extended sun exposure or a higher SPF for customers can choose the SPF level from this selection that best suits their needs.

North America is witnessing exponential growth during the forecast period

The United States sunscreen market is anticipated to grow in the projected period owing to the increased demand for sunscreen and skincare items. In developed economies like the United States, apart from domestic products, the sales of foreign skincare products are expected to witness a rise in upcoming years. According to the American Academy of Dermatology Association, a dominant share of skin cancer deaths is caused due to melanoma. In 2022, it was estimated that 7,650 deaths in total were caused by melanoma, which includes 2,570 women cases and 5,080 cases of men.

Moreover, around 20 deaths every day in the country are due to melanoma. This indicates the rising demand for the adoption of sunscreens with increasing awareness levels among the population for protection against skin cancer. Hence, in the projected period, the sales of sunscreens and other skincare items will witness an upward trend supporting the sunscreen market growth.

Market key launches

  • In April 2024, just in time for summer, a new range of sunscreens was introduced at the Vogue X Lakm? event. Among the four new formulas in the Lakm? Sun Expert sunscreen line are: Lakm? Sun Expert PA++++ SPF 50 1% Hyaluronic Gel Sunscreen: An SPF 50 gel with a light, hydrating formula suitable for all skin types. Lakm? Sun Expert PA++++ SPF 50 1% Nia-VIT C Gel Sunscreen: A gel sunscreen formulation containing vitamin C and niacinamide that enhances skin tone. Invisible Sun Expert Lakm? SPF 50+ PA++++ Sunscreen Stick: A portable, convenient sunscreen stick that works well for touch-ups on the go and can even be worn over makeup. Sun Expert SPF50 PA+++ by Lakm? Sunscreen plus face primer: This soufflé textured sunscreen is not only a sunscreen but also a makeup primer in one.
  • in September 2023, BASF introduced TinomaxTM CC, a new sunscreen ingredient. Its homogenous particle shape contributes to its notable sensory improvement and is intended for use in skin and sun care formulations. It comes as an off-white powder that uses light birefringence to improve UV protection with SPF and UVA. Furthermore, studies have demonstrated that formulations with Tinomax CC typically apply much less sticky and greasy than formulations without this ingredient. Tinomax CC is suggested for formulations with organic soluble UV filters and those with particles scattered in the oil phase. It significantly enhances sensorial performance, particularly at higher SPFs. Additionally, there is no skin-whitening result.

Segmentation:

  • By Type
    • Mineral
    • Chemical
  • By Texture
    • Creams and Lotions
    • Gels
    • Sticks
    • Sprays
    • Powders
  • By Application
    • Face
    • Body
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • South Korea
      • Japan
      • India
      • China
      • Australia
      • Others

Frequently Asked Questions (FAQs)

Sunscreen Market was valued at US$11.372 billion in 2022.
The sunscreen market is projected to grow at a CAGR of 5.28% over the forecast period.
The global sunscreen market is projected to reach a market size of US$16.204 billion by 2028.
The increasing focus on personal care coupled with the increasing consumer awareness about the benefits of sunscreen is anticipated to be one of the primary factors driving the sunscreen market growth.
North America is expected to hold a significant share of the sunscreen market.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. GLOBAL SUNSCREEN MARKET, BY TYPE

5.1. Introduction

5.2. Mineral

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Chemical

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

6. GLOBAL SUNSCREEN MARKET, BY TEXTURE

6.1. Introduction

6.2. Creams and Lotions

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Gels

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Sticks

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

6.5. Sprays

6.5.1. Market Trends and Opportunities

6.5.2. Growth Prospects

6.5.3. Geographic Lucrativeness

6.6. Powder

6.6.1. Market Trends and Opportunities

6.6.2. Growth Prospects

6.6.3. Geographic Lucrativeness

7. GLOBAL SUNSCREEN MARKET, BY APPLICATION

7.1. Introduction

7.2. Face

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Body

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

8. GLOBAL SUNSCREEN MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By Texture

8.2.3. By Application

8.2.4. By Country

8.2.4.1. United States

8.2.4.1.1. Market Trends and Opportunities

8.2.4.1.2. Growth Prospects

8.2.4.2. Canada

8.2.4.2.1. Market Trends and Opportunities

8.2.4.2.2. Growth Prospects

8.2.4.3. Mexico

8.2.4.3.1. Market Trends and Opportunities

8.2.4.3.2. Growth Prospects

8.3. South America

8.3.1. By Type

8.3.2. By Texture

8.3.3. By Application

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.1.1. Market Trends and Opportunities

8.3.4.1.2. Growth Prospects

8.3.4.2. Argentina

8.3.4.2.1. Market Trends and Opportunities

8.3.4.2.2. Growth Prospects

8.3.4.3. Others

8.3.4.3.1. Market Trends and Opportunities

8.3.4.3.2. Growth Prospects

8.4. Europe

8.4.1. By Type

8.4.2. By Texture

8.4.3. By Application

8.4.4. By Country

8.4.4.1. Germany

8.4.4.1.1. Market Trends and Opportunities

8.4.4.1.2. Growth Prospects

8.4.4.2. France

8.4.4.2.1. Market Trends and Opportunities

8.4.4.2.2. Growth Prospects

8.4.4.3. United Kingdom

8.4.4.3.1. Market Trends and Opportunities

8.4.4.3.2. Growth Prospects

8.4.4.4. Spain

8.4.4.4.1. Market Trends and Opportunities

8.4.4.4.2. Growth Prospects

8.4.4.5. Others

8.4.4.5.1. Market Trends and Opportunities

8.4.4.5.2. Growth Prospects

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By Texture

8.5.3. By Application

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.1.1. Market Trends and Opportunities

8.5.4.1.2. Growth Prospects

8.5.4.2. UAE

8.5.4.2.1. Market Trends and Opportunities

8.5.4.2.2. Growth Prospects

8.5.4.3. Others

8.5.4.3.1. Market Trends and Opportunities

8.5.4.3.2. Growth Prospects

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By Texture

8.6.3. By Application

8.6.4. By Country

8.6.4.1. South Korea

8.6.4.1.1. Market Trends and Opportunities

8.6.4.1.2. Growth Prospects

8.6.4.2. Japan

8.6.4.2.1. Market Trends and Opportunities

8.6.4.2.2. Growth Prospects

8.6.4.3. India

8.6.4.3.1. Market Trends and Opportunities

8.6.4.3.2. Growth Prospects

8.6.4.4. China

8.6.4.4.1. Market Trends and Opportunities

8.6.4.4.2. Growth Prospects

8.6.4.5. Australia

8.6.4.5.1. Market Trends and Opportunities

8.6.4.5.2. Growth Prospects

8.6.4.6. Others

8.6.4.6.1. Market Trends and Opportunities

8.6.4.6.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. L’oréal Paris

10.2. Johnson & Johnson Services, Inc.

10.3. Kao Singapore Pte. Ltd. 

10.4. Shiseido Co. Ltd.

10.5. Estée Lauder Inc

10.6. Beiersdorf AG

10.7. Procter & Gamble Company

10.8. Supergoop!

10.9. LOTUS HERBALS

10.10. VLCC Products


L’oréal Paris

Johnson & Johnson Services, Inc.

Kao Singapore Pte. Ltd. 

Shiseido Co. Ltd.

Estée Lauder Inc

Beiersdorf AG

Procter & Gamble Company

Supergoop!

LOTUS HERBALS

VLCC Products


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