Global Sun Care Cosmetics Market

Global Sun Care Cosmetics Market Size, Share, Growth Analysis, By Product Type(Cream, lotions), By Formulation(Organic, inorganic), By Distribution channel(Online, Offline and others), By SPF range(low SPF (less than 15), medium SPF (15 to 30)) - Industry Forecast 2024-2031

Report ID: SQMIG30L2131 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 121 | Figures: 77

Global Sun Care Cosmetics Market Competitive Landscape

The sun care cosmetics market features a competitive landscape with a mix of established players and new entrants. In order to meet the growing demand for suncare products with better efficacy and enhanced functionality, companies are investing in research and development to create innovative offerings.

To remain competitive, companies are also implementing marketing and branding strategies such as social media campaigns, influencer marketing, and partnerships with beauty experts and dermatologists. Moreover, manufacturers are introducing eco-friendly and sustainable suncare products to cater to the increasing interest in environmental responsible options.Distribution channels are crucial in the sun care cosmetics market, with companies utilizing both online and offline channels to expand their consumer base. Collaborations with leading retail chains and e-commerce platforms have been instrumental in enhancing companies' reach and boosting sales.

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Sun Care Cosmetics Market size was valued at USD 11.59 billion in 2022 and is poised to grow from USD 12.10 billion in 2023 to USD 17.08 billion by 2031, growing at a CAGR of 4.4% during the forecast period (2024-2031).

The sun care cosmetics market features a competitive landscape with a mix of established players and new entrants. In order to meet the growing demand for suncare products with better efficacy and enhanced functionality, companies are investing in research and development to create innovative offerings. 'L'Oreal SA', 'Johnson & Johnson', 'Beiersdorf AG', 'Shiseido Company Limited', 'Estée Lauder Companies Inc.', 'Coty Inc.', 'Unilever PLC', 'Clarins Group', 'AmorePacific Corporation', 'Bioderma Laboratories', 'Procter & Gamble Co.', 'Avon Products Inc.', 'Revlon Inc.', 'Kao Corporation', 'Mary Kay Inc.', 'Lotus Herbals Pvt. Ltd.', 'Amway Corporation', 'Burt's Bees Inc.', 'Avene USA', 'Supergoop!'

The rise in awareness of the harmful effects of UV rays is prompting consumers to seek out suncare products that provide sufficient protection against the sun's damaging rays.

Multifunctional suncare products are becoming increasingly popular, as consumers seek sun protection products that offer additional benefits such as moisturization, anti-aging effects, and brightening properties.

North America dominates the sun care cosmetics market as of 2021, holding a significant share of the global market due to the rising awareness of the dangers of UV rays and the increasing demand for sun care products that offer adequate sun protection.

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