A recent report published by Infinium Global Research on
sports sun care market provides an in-depth analysis of segments and sub-segments
in the global as well as regional sports sun care market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional sports sun care market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of the global sports sun care market. According to the report, the global
sports sun care market is projected to grow at a CAGR of 4.9% over the forecast
period of 2019-2025.
Sports sun care products offer protection against the sun’s
harmful rays and water and sweat resistance. These products use menthol to keep
the user cools and protect skin from UV rays. Sport sunscreen contains
Avobenzone and Octocrylene. The water resistance sports sun care product
contains zinc oxide. For higher SPF it is combined with octocrylene and
homosalate.
The growing number of sports athletes and health-conscious
consumers worldwide will augment the growth of the sports sun care market. The
expansion of the sports sun care market is attributed to the rising affinity of
consumers towards outdoor sports. Further, growing awareness about skin related
diseases and cancer led to the increased demand for sports sun care products.
As per the World Health Organization, there are around 2 to 3 million
non-melanoma skin cancer patients and 132000 melanoma skin cancer patients
globally each year. It is estimated that with a 10% decrease in ozone levels
there will be an additional 300000 non-melanoma and 4500 melanoma skin cancer
cases. Consumers are shifting towards sports sun care products that are rich in
polyphenols, vitamins, and antioxidants. Easy availability and affordability of
these products is a major contributor to the growth of sports sun care market.
In addition, the rising organic personal care market and surge in demand for
organic and mineral-based sunscreens drive the growth of the sports sun care
market. The proliferation of self-tanning propels the expansion of the sports
sun care market. Dermatologists recommend the use of sun care products to
protect the skin against the harmful effects of the sun rays. Additionally,
e-commerce is favoring the growth of the sports sun care market globally. On
the flip side, FDA bans and the risk of harmful side effects of chemicals in
the sun care products hinder the growth of the sports sun care market.
Moreover, rising research and development and product innovation in sun care
products will create several opportunities for the growth of the sports sun care
market.
Geographically, the global sports sun care market is divided
into North America, Asia-Pacific, Europe, and the Rest of the World. Europe is
expected to have a major share in the global sports sun care market. The
increasing demand for self-tanning products in Europe led to the expansion of
the sports sun care market in the region. North America is anticipated to be
the second largest in the global sports sun care market owing to the growing
personal care industry in the region. Asia-Pacific region is growing with the
fastest CAGR over the forecast period of 2019-2025. The rising preference of
consumers for outdoor sports and growing awareness about skin related diseases
and cancer in the Asia-Pacific region led to the increased demand for sports sun
care products in the Asia-Pacific region.
The report on global sports sun care market covers segments
such as form, sport, SPF, and price. On the basis of form, the sub-markets
include gels, creams, lotions, liquids, wipes, sticks, and other forms. On the
basis of sport, the sub-markets include baseball, swimming, extreme outdoor,
and other sports. On the basis of SPF, the sub-markets include SPF 6-14, SPF 15-29,
SPF 30-50, and SPF 50+. On the basis of price, the sub-markets include high,
medium, and low.
The report provides profiles of the companies in the market
such as Mission Skincare, SolRX Sunscreen, VLCC Personal Care Ltd., La
Roche-Posay, EltaMD, Inc., Fresh LLC, COOLA Suncare, Johnson & Johnson
Consumer Inc., Shiseido Company, Ltd., Solskyn Personal Care LLC, 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
sports sun care 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.