According to Straits Research, the Suncare Products Market size was valued at USD 11.08 billion in 2022 and is projected to grow significantly from USD XX billion in 2023 to reach USD 15.37 billion by 2031, expanding at a CAGR of 3.7% during the forecast period (2023-2031).

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Market Key Trends

Driving Factors

• Rising awareness about the harmful effects of UV radiation on skin health.

• Increased demand for multifunctional skincare products combining sun protection and skin-nourishing benefits.

• Growth in consumer preferences for natural and organic suncare products.

Opportunities

• Expansion of e-commerce platforms driving accessibility to diverse product offerings.

• Technological advancements in product formulation, including water-resistant and long-lasting suncare solutions.

• Growing popularity of suncare products among men and in emerging markets.

Suncare Products Market Segmentations

By Type:

1. Sun Protection Products

2. After Sun Products

3. Self-Tanning Products

By Form:

1. Spray

2. Lotion

3. Stick

By Distribution Channel:

1. Hypermarkets/Supermarkets

2. Specialty Stores

3. Pharmacies

4. E-Commerce

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List of Key Players in the Suncare Products Market

1. Johnson & Johnson

2. L'Oréal

3. Revlon

4. Unilever

5. Shiseido Co. Ltd.

6. Estée Lauder

7. Beiersdorf AG

8. Avon Products

9. Clarins Group

10. Procter & Gamble

11. Coty Inc.

12. Lotus Herbals

13. Bayer AG

14. Amway

15. Edgewell Personal Care

16. Groupe Clarins

17. Bioderma Laboratories

18. Burt's Bees

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Conclusion

The Suncare Products Market is poised for substantial growth, driven by increased consumer awareness about skin health and technological innovations in product development. Companies are focusing on expanding their product portfolios to meet the diverse needs of consumers, ranging from UV protection to self-tanning solutions.

Why Straits Research? Straits Research delivers comprehensive insights and precise forecasts, empowering businesses with the data they need to thrive in the competitive market landscape. With a commitment to quality research and analysis, Straits Research is the go-to partner for market intelligence.