Market Research Future (MRFR) assessed the sun care product Size market 2020 across the analysis amount until 2028. The Covid-19 sun care product market research details information that aid capitalist to create higher selections. The global sun care products market size was $13.03 billion in 2019 & is projected to reach $16.84 billion by 2027, at a CAGR of 3.5% in the forecast period.
Suncare products are the products that provide the first line of protection upon their end-use on skin or hair. These products help in retaining the natural features of skin and hair, as they protect the skin and hair cells from the harmful rays of the sun. due to the rising awareness regarding healthy skin and hair. In addition, the increasing disposable income and the changing lifestyle of people are also catalyzing the growth of the sun care products market.
COVID 19 Analysis
As the pandemic has affected many businesses, it affected the business very severely. Many companies are still trying to cope up with the losses they have faced. COVID made much business suffer because of the loss. Due to the lockdown amendment in many countries, most companies faced many issues as only necessities were allowed in the lockdown period. As the situation is getting better, many companies are trying their best to recover from the losses. The skincare market does not face many losses as cosmetics were also available in the lockdown period. But skincare products market faced a lot due to lockdown; people were not allowed to go out; hence the use of sun care products got minimized, which affected the market growth. The sun care products market share is dependent on the market growth.
In Europe, the increase in popularity of outdoor recreational activities is creating the demand for skincare products, especially sun care solutions. This can favor the expansion of the regional industry across the review period. The rise in the number of sports participants as outdoor game activities resume can favor Europe Sun Care Products Market in the assessment period. The excellent response toward outbound tourism as beach volleyball game trends can favor the EU market. In addition, the increase in I rate of participation in outdoor recreational activities can contribute significantly to the sales of the sun care products industry that can promote the market expansion soon.
The Middle East and Africa are likely to be the fastest-growing market due to the climate. The extensive heat in the region can create melanoma and non-melanoma skin cancers if exposed to the scorching sun of the region. The need for prevention from UV radiation can increase sales of sun care products. This can impact the expansion of the regional market. The high rate of adoption of sun care products by athletes and outdoor laborers can support the growth of the market in the years to come. The rise in recommendations for sun care products by dermatologists can also favor the industry. The Saudi Arabian market can thrive as new products are introduced in the market that offers greater efficiency. In addition, ease of product availability and high shelf visibility of sun care products can favor the regional market.
Burt's Bees (the US), Beiersdorf AG (Germany), Bioderma Laboratories (France), Johnson & Johnson (the US), L'oreal (France), Groupe Clarins (France), Coty Inc. (the US), Shiseido Co. Ltd. (Japan), Unilever (UK), and The Estée Lauder Companies Inc. (the US) are some reputed sun care product players that are operating in the world that are listed by MRFR.
The segment assessment of the global sun care products industry is done by form, type, distribution channel, and end-use.
The type-based segments of the global Sun Care Products Market are after-sun products, sun protection products, and self-tanning care products among others.
The basis of form-based segments of the global sun care market are gels, creams & lotion, sprays, and powder among others.
The end-use-based segments of the global sun care market size are hair care and skincare among others.
The distribution channel-based segments of the Sun Care Products Market are non-store-based and store-based. The sub-segments of the store-based segment are convenience stores, supermarkets and hypermarkets, and specialty stores among others.
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