Global sun care products market is forecasted to reach 10.4 billion USD by 2024, registering a CAGR of 2.15% during the forecasted period (2019 – 2024).
The report presents an in-depth assessment of the Global Sun Care Products including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Sun Care Products investments from 2020 till 2025.
– The sun care products market is anticipated to be the fastest growing segment, within the personal care industry, driven by the rise in consumer awareness related to skin cancer and aging associated with exposure to UV rays.
– The demand for self tanning products is expected to surge in the foreseeable future, and the majority of the demand is likely to be concentrated across North America and Europe.
– The boom in natural and organic personal care products is predicted to contribute to the growth of the market.
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Global sun care products market is segmented by type into self-tanning products, after-sun products, and sun protection products. By distribution channel, the scope includes offline retail stores and online retail stores. Offline stores include specialty stores, supermarkets/hypermarkets, drug stores, and pharmacies.
Top Leading Manufactures-
Carl Zeiss Meditec AG, Essilor International SA, Hoya Vision Care Company, Vision Ease, Seiko Optical Products Co. Ltd, Rodenstock GmbH, GKB Ophthalmics Ltd.
Growing Popularity of Outdoor Recreational Activities
The past few years have seen an increase in the participation of sports, especially in outdoor games. A recent trend growing across Europe is the immense response toward outbound tourism. The emerging trend for beach volleyball has also helped in the growth of the market. In the total beach volleyball participation, 57% were males, and 27% of them were falling between the age group of 25-34. It is estimated that Americans spend more than 600 billion USD each year in outdoor recreational activities. Consumers from the Western countries prefer using sun care products during their outdoor activities, especially in beaches. Hence, the higher participation rate in outdoor recreational activities has contributed to the rise in the sales of sun care products.
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The sun care products market is a highly competitive market, with the presence of various international players. The major players of the market are having their wide distribution network across the world. Players are also focusing on expanding the product portfolio by understanding the various requirements of the segment. L’Oral International, Groupe Clarins, Unilever PLC, Shiseido Co. Ltd, and Johnson & Johnson are the major players of the market.
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global Sun Care Products Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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