Sun Care Products Market - Global Industry Insights, Taxonomy, Outlook, Distribution Channels, Key Market Players

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Exposure to sunlight is an important means of receiving Vitamin D, however, excessive exposure is harmful. The ultraviolet (UV) radiation in the sunlight, when overexposed to, causes painful sunburn and may lead to more serious health problems, including premature aging of skin, eye damage, immune system suppression, and skin cancer. This in turn, creates an increasing demand for sun care products.

Sun care products are made up of several ingredients such as avobenzone and benzophenone, which prevent the sun’s ultraviolet radiation from affecting the skin. Sun Protection Factor (SPF) is the measure of how sunscreen protects the skin from UVB rays, which causes sunburn, skin damage, and can contribute to skin cancer. The various factors of sunscreen are associated with different properties. For example, SPF 15 allows one to stay sunlight without burning for around 150 minutes.

Sun Care Products Market Taxonomy

On the basis of product type, the sun care products market is segmented into:

  • Sun Protection Products
  • After Sun Products
  • Self-tanning Care Products

On the basis of gender, the sun care products market segmented into:

  • Female
  • Male
  • Child

On the basis of form, the sun care products market is segmented into:

  • Cream
  • Gel
  • Lotion
  • Powder
  • Liquid
  • Wipes
  • Spray
  • Others

On the basis of distribution channel, the sun care products market is segmented into:

  • Hypermarkets
  • Supermarkets
  • Specialty Stores
  • Convenient Stores
  • Online Markets

Sun care product with SPF 15 or higher are efficient in providing protection against UVB. In terms of percentage, SPF 15 can filter around 92% of all incoming UVB rays. SPF 30 filters 97% and SPF 50 filters 98% UVB rays.

Products containing para-amino benzoic acid (PABA) or oxybenzone as well as those containing preservatives or fragrances can cause allergy-prone skin or conditions such as acne or rosacea, which pose as restrains to growth of the sun care market.

Growing prevalence of actinic keratosis, a painful condition which has 15% chances of causing skin cancer, is also boosting demand for sun care products. For instance, according to NCB, in Europe, the U.S., and Australia, prevalence of actinic ketosis was recorded to be 4·5-60%.

Changes in external environment, depletion of ozone layer, increasing pollution and skin disorders are increasing the demand for sun care products. Furthermore, increasing awareness about the harmful effects of UV rays among the populace is increasing the demand sun care products. Rising demand for SPF and anti-aging products is also driving demand for sun care products. North America holds the largest market due to high presence of manufacturers in the region and Europe. North America is the largest market in sun care products followed by Europe.

Asia Pacific is projected to be the fastest growing market during the forecast period. According to International Agency of Research on cancer (IARC) of WHO, estimated that around 163 million units of sun care products are sold in the U.S., every year.

Key Players in the Global Sun Care Products Market

Some of the key market players operating in the global sun care products market include OLAY(US), L'OREAL(France), Avene(France), NIVEA(Germany), Mentholatum(US), Pechoin(China), Neutrogena(US), ANESSA(Japan), Biore(Japan), LANCOME(France), Hanhoo(China), SOFINA(Japan), SHISEIDO(Japan), MeiFuBao(China), CHANDO(China), MARUBI(China), LANEIGE(Korea), KANS(China), Clinique(US), and Kiehl's(US).

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
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In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
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  • Distributors
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