The global Sun UV protection product market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are increasing public awareness about skin care, rising cases of melanoma and non-melanoma skin cancers caused by UV exposure, insatiable desire among masses to maintain youthfulness, and increasing usage of organic and natural components with no negative effects.
UVA and UVB radiation are hazardous to the skin, and sun care treatments are intended to prevent ailments due to exposure to such radiations. These products prevent early indications of ageing, tanning, sunburn, wrinkles, fine lines, and pigmentation caused by chronic sun exposure. These creams are created with chemicals such as benzophenone and avobenzone, which act as a barrier to UV radiation and prevent skin damage. The Sun Protection Factor (SPF) of a sun care product determines how long the user may spend in sun without major skin damage.
Top Companies Operating in the Global Sun UV Protection Product Market Report:
- Johnson Johnson
- L'Oreal
- Proctor Gamble
- Revlon
- Unilever
- Shiseido
- Estee Lauder
- Beiersdorf
- Avon Products
- Clarins Group
- Coty
- Lotus Herbals
- Amway
- Edgewell Personal Care
- Others
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Revenue growth in the global consumer goods market is primarily due to factors such as the rapid increase in the world population, the growing demand for food and other essential goods, including healthcare nutrition, personal care hygiene, and electronic products. Consumer preferences and lifestyles are changing significantly, the demand for packaged and processed food and beverage products is rising, and the number of people working is increasing. There has been a rapid adoption of cutting-edge technologies such as artificial intelligence (AI), IoT (Internet of Things), big data analytics, robotics automation in the consumer goods industry. Other key factors driving the growth of the global consumer goods market include a growing awareness of the adverse environmental impacts of plastic packaging and a growing demand for eco-friendly and sustainable packaging solutions. Rising income levels in developing economies such as India and stringent government regulations for product quality and safety are expected to boost market revenue growth in the near future.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Sun Protection
- After-sun Protection
- Self- Tanning
- Others
Product Form Outlook (Revenue, USD Billion; 2018-2028)
- Cream
- Gel
- Lotion
- Wipes
- Spray
- Others
SPF Outlook (Revenue, USD Billion; 2018-2028)
- 0-29
- 30-50
- 50
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
- Supermarkets and Hypermarkets
- Specialty Retailers
- Pharmacies and Drug Stores
- Online Stores
- Others
Key Takeaways of the Global Sun UV Protection Product Market Report:
- A comprehensive overview of the global Sun UV Protection Product industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Sun UV Protection Product market.
- Elaborate study of the leading regional markets in the global Sun UV Protection Product market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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