After sunburn care products market size to grow by USD 467.13 million between 2022 and 2027, Technavio
After sunburn care products market size to grow by USD 467.13 million between 2022 and 2027, Technavio

NEW YORK, March 27, 2024 /PRNewswire/ — In a world where sun exposure is increasingly risky due to factors like global warming and harmful UV radiation, the demand for after sunburn care products is on the rise. A recent market analysis forecasts substantial growth in the global after sunburn care products market, with an estimated increase of USD 467.13 million between 2022 and 2027, marking a Compound Annual Growth Rate (CAGR) of 5.95%.

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Key drivers fueling this growth include the adverse effects of UV radiation caused by global warming, prompting consumers of all ages to seek protection from sunburns and premature aging. Furthermore, the market is witnessing a surge in demand for multifunctional products, such as sprays, lotions, gels, and lip balms, tailored to various skin tones and needs.

Market Report Coverage

Details

Page number

163

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.95%

Market growth 2023-2027

USD 467.13 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.65

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 32%

Key countries

US, China, Japan, Germany, and France

A significant trend in the market is the growing preference for natural and organic products. Consumers are increasingly opting for products containing ingredients like extra virgin olive oil, organic coconut oil, and aloe vera gel, known for their soothing and nourishing properties.

However, challenges persist, including growing competition from other sun care products in the personal care market. Despite awareness campaigns and educational efforts by market competitors, consumers may be drawn towards alternative sun care options, impacting the demand for specific after sunburn care products.

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Key Companies

Leading companies in the after sun care products market, such as Sun Bum LLC, Australian Gold LLC, and Bare Republic LLC, are implementing various strategies to enhance their market presence. These strategies include strategic alliances, geographical expansion, and product/service launches.

The market is segmented into various product types, with the lotion segment expected to witness significant growth during the forecast period. Lotions offer long-lasting and soothing effects, attracting consumers with their non-greasy formulas and diverse ingredient mixes.

Regional Overview

Regionally, Europe leads in market revenue, driven by high sales of premium and multifunctional after sunburn care products in countries like Germany, France, and the UK. The region’s growing awareness of sun protection and beauty concerns, coupled with increasing incidences of sunburn, contribute to its market dominance.

In conclusion, the after sunburn care products market is thriving, propelled by heightened consumer awareness and a focus on skin protection. With an array of offerings catering to different needs and preferences, consumers have access to quality products through various distribution channels, ensuring skin hydration and protection against harmful UV rays.

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Analyst Review

The global after sun care products market is witnessing significant growth due to the harmful effects of the sun on the skin. Exposure to ultraviolet rays can lead to various skin issues, including sunburn, redness, and even skin cancer. As a result, consumers are increasingly seeking after sun care products that provide nourishment, hydration, and protection.

One of the key trends driving this market is the preference for products containing natural and premium ingredients. Consumers are becoming more conscious of the chemical content in skincare products and are opting for non-toxic alternatives. This shift in consumer behavior has led to the rise of multifunctional after sun care products that offer comprehensive protection and nourishment.

The market is segmented into the premium and mass segments, with specialty stores, supermarkets, hypermarkets, pharmacies, beauty salons, and departmental stores serving as major distribution channels. Private label brands are also gaining traction, offering consumers affordable options without compromising on quality.

Supply chain management plays a crucial role in ensuring the availability of these products across various sales channels. Manufacturers are investing in research and development to innovate and create effective formulations that address specific skin concerns, such as sunburn spreading and redness.

With increasing consumer awareness about the importance of sun care, demand for after sun care products is on the rise. Lotions, gels, and oils are among the popular product formats, catering to different preferences and skin types.

Affluence and disposable income are driving the adoption of premium after sun care products, especially in regions with higher purchasing power. However, there is also a demand for affordable options in markets where price sensitivity is a concern.

The compound annual growth rate (CAGR) of the global after sun care products market reflects its promising outlook, fueled by growing concerns about skin health and the need for effective skincare solutions. Regular use of these products is essential not only for addressing immediate sun damage but also for maintaining overall skin health in the long term.

In conclusion, the global after sun care products market is thriving, driven by factors such as consumer awareness, demand for natural and premium ingredients, and advancements in research and development. With a focus on innovation and quality, manufacturers are well-positioned to capitalize on the growing demand for sun care products worldwide.

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Market Overview

Protect your skin from the harmful effects of the sun with natural and premium after sun care products. Say goodbye to worries about chemical content and toxicity, as these creams are formulated with non-toxic ingredients. Shield yourself from harmful ultraviolet rays while nourishing your skin with specialty store finds or supermarket essentials. Explore hypermarkets, pharmacies, and beauty salons for a wide range of options. By choosing the right sales channel, you’re not just investing in skincare but in your health too, reducing the risk of skin cancer. Prioritize your skin’s health with after sun care products tailored to your needs and preferences.

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Related Reports:

  • The organic skincare products market size is expected to increase by USD 1.91 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.07%. The market is segmented by product (facial care, body care, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
  • The skincare products market size is expected to increase by USD 32.53 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.49%. The market is segmented by product (moisturizers, anti-aging skincare products, skin brightening products, sun protection products, others), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and the Middle East and Africa).

Table of contents:

1 Executive Summary
2 Landscape
3 Sizing
4 Historic Size
5 Five Forces Analysis
6 Segmentations
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix

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