Global Sun Care Market Size, Share, Growth, Trends Analysis Report and Forecast 2022 – 2031

Kenneth Research has recently added a report titled  Global Sun Care Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Sun Care Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Sun Care Market is valued at approximately USD 13.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2021-2027. Sun Care products are the range of skin care products used to prevent skin from Ultraviolet (UV) rays from the sun. These products absorb or reflect the radiations from sun and protects skin from sunburn, tanning, skin cancer, etc. The increasing awareness about the harmful effects of UV rays, urbanization, increasing popularity of skin care products and benefits of SPF has led the adoption of Sun care products across the forecast period. Sun care products provide protection against UVA I, UVA II and UVB radiations, also prevent premature aging, reduces redness and pigmentation, hydrates skin, etc. People are becoming more aware about the risks of exposure to sunlight, also recommendations from dermatologist for the use of SPF have influenced the market of sun care products. As per the report of Skin Care foundation, the past decade has witnessed an increase of 44% in the number of new invasive melanoma cases.

According to a report of iGEM 2020, more than 120 million litres of sun care products are sold every year and it is anticipated that this figure will increase by 2.5 million litres every year. However, strict product formulation rules imposed by the governments and seasonal requirement of the product impedes the growth of the market over the forecast period of 2021-2027. Also, development of mineral or organic sun care products and availability of different products with SPF is likely to boost the Sun Care Market during the forecast period.

The regional analysis of global Milling Machines market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is dominating the world in terms of market share because of the large number of people with sensitive skin and demand for better and clear skin. Whereas, Asia-Pacific is also expected to show high growth during the upcoming period 2020-2027. Factors such as rising skin problems because of exposure to the sun, increasing awareness regarding the importance of sun protection and disposable income of the people will aide in market growth for the Sun Care Market across Asia-Pacific region.

Major market player included in this report are:

Johnson and Johnson.
Shiseido Company Limited
Beiersdorf AG
L’Oréal S.A.
The Procter & Gamble Company
The Estée Lauder Companies Inc.
Lotus Herbal Pvt. Ltd
Kao Corporation
Avon Products, Inc.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:

By Form:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Sun Care Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook+

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