A recent report published by Infinium Global Research on sun care products market provides an in-depth analysis of segments and sub-segments in the global as well as regional sun care products market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sun care products market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global sun care products market. According to the report, the global sun care products market is projected to grow at a CAGR of 4.9% over the forecast period of 2019-2025.
Sun care products market is essential to prevent premature aging, sunburns, and tanning. Companies manufacturing sun care products market are providing multifunctional products that can be used for more than one purpose. The major players in the sun care market are focusing on mergers, acquisitions, and investing in research and development that will expand its market share. For instance, Beiersdorf AG acquired an iconic Coppertone brand from Bayer. Coppertone was the first sun care brand launched in the United States. Beiersdorf AG has entered into the world’s largest sun care market.
The growing concern for melanoma and non-melanoma skin cancers drives the growth of the sun care market. Skin care products are useful to protect the skin from significant U.V. radiations. The increasing cases of sun damage and harmful effects due to overexposure to sun contribute to the growth of the sun care market. The rising demand for multifunctional products that include sun care with other benefits like anti-aging propels the growth of the sun care market. The increasing disposable income also contributes to the growth of the sun care market. In addition, the growing awareness about the adverse effects of exposure to excessive ultraviolet light boosts the demand for sun care products market. On the other hand, high entry barriers in the sun care industry hamper the growth of the sun care market. The entry barriers include huge initial investments and strict government regulations regarding the ingredients used in sun care products market. Moreover, new advancements in sun care products market create opportunities for the growth of the sun care market.
Geographically, North America holds a prominent share in the global sun care market. North America has a well-established healthcare infrastructure. In addition, the United States is taking preventive actions against skin cancers that contribute to the growth of the sun care market in the North America region. Asia-Pacific region is expected to grow in the global sun care market.
The report on global sun care products market covers segments such as type, form, and distribution channel. On the basis of type, the sub-markets include sun protection, self-tanning, and after sun. On the basis of form, the sub-markets include creams, gel, lotion, liquid, wipes, spray, and other forms. On the basis of the distribution channel, the sub-markets include online channels, specialty stores, supermarkets, drug stores, pharmacies, and retail stores.
The report provides profiles of the companies in the market such as Beiersdorf AG, Coty Inc., Groupe Clarins, Johnson & Johnson, Shiseido Co. Ltd., L'Oreal, Bioderma Laboratories, Estée Lauder Companies Inc., Unilever, Shiseido, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of sun care products market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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