Scope of the Study
Over the past few years, the demand for self-tanning products is increasing as the participation of sports, and outdoor games have increased across the globe. Sunscreen products are an important part of a complete sun protection strategy, it prevents skin from UV rays, as the depletion of the ozone layer has increased results in risk of sun damage and harmful UV rays. sunscreen products block these rays and reduce the sunburn. According to the skin cancer foundation risk of skin cancer can decrease by used fo sunscreen products, the daily use of SPF 15 sunscreen can reduce the risk of forming squamous cell carcinoma (SCC) by about 40 percent, and lower your melanoma risk by 50 percent. Increasing awareness regarding self protection and health is booming the demand for it in the market.
The market study is being classified by Type (Natural Sunscreen Products and Synthetic Sunscreen Products) and major geographies with country level break-up.
Edgewell Personal Care Company (United States), Johnson & Johnson (United States), Neutrogena Corporation (United States), LOréal S.A (France), Shiseido Co. Ltd. (Japan), The Estée Lauder Companies Inc. (United States), Walgreens Boots Alliance (Switzerland), Blistex, Inc. (United States), Clarins Group (France) and Coty, Inc. (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Sunscreen Products market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Sunscreen Products market by Type, Application and Region.
On the basis of geography, the market of Sunscreen Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Youthful Appearance is key Driving Factor of Growth
- Growing Awareness Regarding Personal Health
- Rise Preference for Organic Products
- High Cost Associated With Products
- The Growing Occurrence Of Melanoma And Non Melanoma Skin Cancers Due To UV Radiation And Increasing Outdoor Activities And Preference For Outdoor Game Is Boosting The Growth Opportunity Of The Market
- Key Competition Between Manufacturers
Market Leaders and their expansionary development strategies
In October 2019 japan based company Shiseido has announced their acquisition with DRUNK ELEPHANT. This acquisition will help to expand new and existing market and it will create substantial room for further growth as it is introduced to more consumers across the world.
In January 2020 Palaus president announces ban on reef toxic' sun cream as it includes the common ingredients oxybenzone, is not allowed to be worn or sold in the country. That is harmful to corals and sea life. Moreover , Palau has become the first country to ban sun cream that is harmful to corals and sea life
''According to the EU Cosmetic regulation (EC) No 1223/2009, sunscreen products are distinguished as cosmetic products defined as: "any preparation (such as creams, oils, gels, sprays) intended to be placed in contact with the human skin with a view exclusively or mainly to protecting it from UV radiation by absorbing, scattering or reflecting radiation"
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Sunscreen Products Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders,and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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