The forecast growth for the sun protection products is estimated at CAGR of nearly seven percent from 2019-2028. The sun protection product market highly depends on CHINA as it supplies the active ingredients of the sun protection products. The introduction of the new skin protection products with more effective formulation are the key drivers in the growth of the global sun protection products market.
Top Driver: Robust Demand for Raising the Consumer Awareness towards the Increase in the Skin Cancer
Rising awareness among the consumers towards the importance of sun protection products is a key driver in this market. Excessive emission of greenhouse gases and deforestation leads to the depletion of the ozone layer. Exposure to UV radiations is the major reason behind the premature aging of the skin and can also lead to skin cancer. According to the reports of the WHO, further, a decrease in the stratosphere ozone by ten percent can lead to the additional 300,000 victims of the non-melanoma and the 4,500 additional cases of melanoma cancer across the globe annually. Sun care products have become essential products to the consumers as they want to protect their skin from the harmful effects of the Ultra-Violent radiations. In order to deal with the rising concerns, sun protection products like lotions, creams, gels, and the beauty balms are launched into the market with varying SPF levels for the different skin types and the consumer requirements.
A key factor driving the growth of the market is raising consumer awareness of sun care protection products. The emissions from the sun include the UV rays, visible light, heat, and the other radiations that are characterized by the wavelength. Extreme heat and UV rays are harmful to human skin. In order to raise more awareness regarding the importance and benefits of using sun care products, manufacturers are educating the customers on the internet, television, and social media.
Self-Tanning Segment to Make Crucial Contribution to Growth of Global Sun Protection Products Market
The demand for the self-tanning products is expected to surge in the foreseeable future, and the majority of the demand is likely to be concentrated across the North America and the Europe. Self-tanning products are the major growth contributors as their demand is high in the market of the global sun protection products. The boom in the natural personal care products is predicted to contribute to the growth of the market.
The organic personal care product is another segment contributing in the growth of the global sun protection product market.
Rising Investments in Global Sun Protection Products Market and Research to Benefit North America Market
North America and Europe presently account for nearly one-third of the global sun care product consumption, owing to a large number of people suffering from sensitive skin issues and the rising demand for clean beauty trends. However, East Asia and the South Asian markets are among the most lucrative regions in the market, and they are expected to grow at a CAGR of nearly eight percent during the years of 2019-2028 owing to the rising population concerns in the region as nearly eighty-five percent of the population faces this problem. Per capita spending in this region is expected to increase in the markets like China, Japan, India, and Indonesia owing to the higher expenditure on the sun protection products for the skin and the hair.
Players to Focus on Expanding Applications in UV rays Protection and Inflammation Protection
The sun care products market is a highly competitive market, with the presence of the various international players. Some of them are mentioned below:
Beiersdorf brand along with Nivea crème have partnered with the cancer research UK to raise the awareness about the harmful effects of the UV rays on the skin in UK. They spread the awareness of the importance of using sun protection products. Therefore, with such initiatives and the beliefs, the global sun care products market is expected to witness positive outlook during the forecast period.
Johnson and Johnson brings a unique perspective as a leading health care company together with the technology expertise and in the partnership with the skin experts and the dermatologists to create a high performance prestige and the mass products for the healthy skin. Our innovations include the personalized skin health assessments, treatments for the acne and eczema and the sunscreens that protects and defends against the inflammation, premature aging and the skin cancer that is the major problem of the skin worldwide.
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