Sun Care Products Market Size Worth $14.7 Billion By 2028: Grand View Research, Inc.

Sun Care Products Market Size Worth $14.7 Billion By 2028: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Nov. 16, 2021

SAN FRANCISCO, Nov. 16, 2021 /PRNewswire/ -- The global sun care products market is expected to reach USD 14.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.0% from 2021 to 2028. Sun care products are gaining popularity among consumers owing to the rising awareness of the effects of UV rays on the human skin. Moreover, consumers' concerns about the signs of skin aging due to increased sun exposure are expected to drive the market.

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Key Insights & Findings:

Read 80 page market research report, "Sun Care Products Market Size, Share & Trends Analysis Report By Product, By Distribution Channel (Hypermarket & Supermarket, Pharmacy & Drug Store, Online), By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research

The adult sun cream held the largest revenue share in 2020 and is expected to maintain its dominance over the forecast period. Sun cream for adults is used to prevent the skin from sunburn and early signs of aging such as wrinkles and leathery skin. The ability to protect against a high risk of skin cancer, skin discoloration, and inflammation is expected to improve sales in the coming years.

The hypermarket and supermarket segment held the largest revenue share in 2020 and is expected to maintain dominance over the forecast period. A large number of consumers prefer buying sunscreen products from hypermarkets and supermarkets due to the shopping experience offered by these stores. The ability to physically verify these products, along with expert assistance, is another major factor contributing to this distribution channel's growth.

Europe made the largest contribution to the global market in 2020. Rising awareness among consumers regarding the harmful effects of prolonged sun exposure on the skin has helped boost product demand across the region. Furthermore, an increasing number of products that offer various additional benefits such as dark spot reduction, anti-aging have further fueled product demand.

The market is fragmented in nature, with the presence of a large number of global and regional players. Beiersdorf AG, Groupe Clarins, Johnson & Johnson, Coty Inc., Shiseido Co. Ltd., L'oreal, The Estee Lauder Companies Inc., Burt's Bees, Bioderma Laboratories, Unilever are among the prominent players in the global market.

Grand View Research has segmented the global sun care products market on the basis of product, distribution channel, and region:

List of Key Players of Sun Care Products Market

Check out more studies related to personal care products, conducted by Grand View Research:

Browse through Grand View Research's coverage of the Global Beauty & Personal Care Industry.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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