Published on : Aug 24, 2016
Sun care products are defined as products that can either be in the form of sprays or gel lotions, etc. They are utilized to guard against sun’s harmful rays hence preventing sunburn. A number of skin whitening products feature sun protection as the skin i.e. fair is more prone to sun burns as compared to darker skin tones. Sun care products are also employed as they help in preventing a number of types of cancers such as melanoma and cell carcinoma.
Introduction of Natural Ingredients in Sun Care Products to Fuel Market Growth
A number of skin care products being introduced can also prevent wrinkles and aging of the skin to a certain extent. This factor will also stimulate the development of the global sun care market. The increasing awareness about the significance of sun protection and the introduction of plethora of effective product formulations will also positively impact the development of this market. In addition, the growth of this market will largely depend on the use of organic and natural ingredients.
Sun Care Protection Products Held a Significant Share in 2015
At first, sun care products were exclusively utilized for protection from the sun, however, now their usage is also owing to the fact that they have become a beauty necessity and feature cosmetic properties. Hence, the increasing multifunctionality of the newly introduced sun care products will also stimulate the development of the overall market.
The sun care products available in the market are after sun care protection products, sun protection, and self-tanning. Of these, in terms of revenue, the segment of sun protection led the market in 2015 and are poised to maintain their superiority all through 2014. On the other hand, after sun products are poised to take a dominant position in the market in the coming years.
Increasing Plethora of Anti-Blemish Products will make Asia Pacific Hold Lucrative Opportunities for Growth
Geographically, the market is categorized into Asia Pacific, North America, and Rest of the World (RoW). Of these, in terms of revenue, the North America sun care products market held the largest share of 35% in 2015. This market is also predicted to maintain its superiority till 2024. On the other hand, the increasing penetration of anti-aging and anti-blemish products in Asia Pacific will make it the most significantly developing market.