Global Sun Care Products Market Size, Share, Growth Analysis, By Distribution Channels(Hypermarket, Drug Store), By Form(Spray, Lotion) - Industry Forecast 2024-2031

Global Sun Care Products Market size was valued at USD 11.66 billion in 2022 and is poised to grow from USD 12.17 billion in 2023 to USD 17.18 billion by 2031, growing at a CAGR of 4.40% during the forecast period (2024-2031).

Due to rising knowledge of the effects and harm caused by ultraviolet rays on the skin, the market for skincare products for sun protection is one of the skincare markets with the quickest growth. Products for sun protection come in a variety of forms, including gel, lotion, cream, oil, and spray, among others. They contain substances that can absorb, reflect, or scatter UV light. L'Oréal, a cosmetics company, created the first sunscreen in 1936. After that, in 1944, a Florida chemist created Coppertone, a sun protection lotion. The U.S. Food and Drug Administration started to regulate the labelling, testing, and rating of suncare products in the early 1970s, which helped the product gain popularity. As a result, producers of sun care goods utilised labelling to state that the item offered therapeutic benefits to the skin. In the upcoming years, consumers will probably seek out one-stop shops across all cosmetic companies. Therefore, it is likely that the majority of sun care products on the market contain a blend of substances with anti-aging characteristics and potent moisturising agents. For instance, the skincare company La Roche-Posay unveiled Anthelios UV Correct SPF 70 Daily Anti-Aging Face Sunscreen in February 2022. It is made using Cellox-B3 Shield technology to shield the skin from sun damage symptoms. Its formulation is devoid of oxybenzone and octinoxate, blending on all skin tones and promoting collagen synthesis. The demand for sun care products has increased due to the rising global awareness of skin cancer and other skin illnesses, and this demand is anticipated to continue to expand during the forecast period. These products are also becoming more and more well-liked among consumers because of their many different sun protection functions that also prevent wrinkles.

US Sun Care Products Market is poised to grow at a sustainable CAGR for the next forecast year.