After sun care products are used in rehydrating sun burnt skin and are sold in various form such as cream, oil, lotion, and powder. These products are sold through various supply chains such as, retail pharmacies, convenience stores, supermarket/hypermarket and e-commerce. The current scope of the report considers various after sun care products which are sold at mass as well as premium price points. The after sun care products are sold in various forms including cream, gel, lotion, essential oils, powder, spray and others. The global after sun care market is growing at steady pace with a growth rate of 3.0-4.0%. According to AMR, the global after sun care products market was valued at $ 2.1 billion in 2018 and is anticipated to reach $2.9 billion by 2026, with a CAGR of 3.7% during the forecast period. The after sun care market exhibits an incremental revenue opportunity of $ 0.7 billion from 2018-2026.
Rapid growth in e-commerce distribution is the prime factor responsible for counterfeiting of cosmetic products. According to a report by the Financial Times, the online distribution of non-grocery goods has been grown by 12.5% to contribute around 24.1% of the total sales in 2017. The cosmetic industry has been strongly hit by counterfeit activities due to large number of consumers purchasing products through online sales channels. In addition, lack of brand loyalty among consumers while purchasing cosmetic products is also responsible for the decrease in penetration of cosmetic products.
Companies operating in the after sun care products market face challenges from fake product distributors thus, witness reduction in terms of sales. Such increased counterfeit activities due to lack of effective supply chain management is expected to hamper the revenue growth of personal care and cosmetic products market in the long run.
Segment review
The after sun care products market is segmented on the basis of price point, form, distribution channel, and region. By price point, it is categorized into mass after sun and premium after sun. By form, it is divided into cream, gel, lotion, essential oil, and others. By distribution channel, it is categorized into retail pharmacies, convenience stores, supermarket/hypermarket, and e-commerce. Region-wise, the it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South-East Asia, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).
The key players operating in the global meat substitute market include L’Oréal SAS, Beiersdorf AG, Clarins Group, Lancaster Group, Unilver Plc, Estee Lauder Companies, Bioderma Laboratories, Johnson and Johnson, Coty Inc. and Shiseido.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Price Point
By Form
By Distribution Channel
By Region
North America
Asia-Pacific
Europe
LAMEA
Key Players in Value Chain
Rapid growth in e-commerce distribution is the prime factor responsible for counterfeiting of cosmetic products. According to a report by the Financial Times, the online distribution of non-grocery goods has been grown by 12.5% to contribute around 24.1% of the total sales in 2017. The cosmetic industry has been strongly hit by counterfeit activities due to large number of consumers purchasing products through online sales channels. In addition, lack of brand loyalty among consumers while purchasing cosmetic products is also responsible for the decrease in penetration of cosmetic products.
Companies operating in the after sun care products market face challenges from fake product distributors thus, witness reduction in terms of sales. Such increased counterfeit activities due to lack of effective supply chain management is expected to hamper the revenue growth of personal care and cosmetic products market in the long run.
Segment review
The after sun care products market is segmented on the basis of price point, form, distribution channel, and region. By price point, it is categorized into mass after sun and premium after sun. By form, it is divided into cream, gel, lotion, essential oil, and others. By distribution channel, it is categorized into retail pharmacies, convenience stores, supermarket/hypermarket, and e-commerce. Region-wise, the it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South-East Asia, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).
The key players operating in the global meat substitute market include L’Oréal SAS, Beiersdorf AG, Clarins Group, Lancaster Group, Unilver Plc, Estee Lauder Companies, Bioderma Laboratories, Johnson and Johnson, Coty Inc. and Shiseido.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the global market.
- The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
KEY MARKET SEGMENTS
By Price Point
- Mass After-Sun
- Premium After-Sun
By Form
- Cream
- Gel
- Lotion
- Essential Oils
- Others
By Distribution Channel
- Retail Pharmacies
- Convenience stores
- Supermarket/Hypermarket
- E-Commerce
By Region
North America
- U.S.
- Canada
- Mexico
Asia-Pacific
- China
- India
- Japan
- Australia
- South-East Asia
- Rest of Asia-Pacific
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
LAMEA
- Middle East
- Latin America
- Africa
Key Players in Value Chain
- L’Oréal SAS
- Beiersdorf AG
- Clarins Group
- Lancaster Group,
- Unilver Plc
- Estee Lauder Companies
- Bioderma Laboratories
- Johnson and Johnson
- Coty Inc.
- Shiseido
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: After Sun Care Products Market, By Price Point
Chapter 5: After Sun Care Products Market, By Form
Chapter 6: After Sun Care Products Market, By Distribution Channel
Chapter 7: After Sun Care Products Market By Region
Chapter 9: Company Profiles
Executive Summary
According to the report titled, 'After Sun Care Products Market by Price Point, Form, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global after sun care products market size was valued at $2.1 billion in 2018, and is expected to reach $2.9 billion by 2026, registering a CAGR of 3.7% from 2019 to 2026. North America dominated the market in 2018, accounting for 30.6% of the total after sun care products market share. The after sun care products market exhibits an incremental revenue opportunity of $ 0.7 billion from 2018-2026.Growing incidences of melanoma and other chronic skin diseases caused due to over exposure to sun rays has significantly increased the penetration of after sun care products. Population living in countries like Australia, the U.S., the Philippines, and the Caribbean are more prone toward sun burns. The rise in the population suffering from skin diseases due to sun exposure increases the overall demand for after sun care products. Consumers are purchasing after sun care products as a part of their daily skin care routines and are more inclined toward skin friendly and chemical free products. As a result, leading cosmetic manufacturers are offering novel products with unique attributes such as nanoparticles.
The after sun care products market is segmented on the basis of price point, form, distribution channel, and region. By price point, it is categorized into mass after sun and premium after sun. Private label brands are largely sold under the mass after sun segment and are one of the prime products influencing the overall after sun care products market demand. The mass after sun care products segment was valued at $1.2 billion and is expected to growth with a CAGR of 3.3% (2019-2026) to reach $1.5 billion by 2026. The premium after sun care products segment is expected to be the fastest growing segment with a CAGR of 4.1% during the forecast period. The fastest growth of the premium after sun care products segment is attributed to the increased spending of people on premium cosmetic products and growth in penetration of e-commerce shopping for branded sun care products.
By form, it is segmented into cream, gel, lotion, essential oil, and others. The gel segment was valued at $0.6 Billion and is expected to growth with a CAGR of 3.2% during the forecast period. The segment is expected to reach $1.5 Billion by 2026. The essential oil segment is expected to be the fastest growing segment with a CAGR of 4.3% during the forecast period.
By distribution channel, it is categorized into retail pharmacies, convenience stores, supermarket/hypermarket and e-commerce. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South-East Asia, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa). Countries like Australia, the U.S., the UK, NORDIC countries, India, China, and ASEAN countries are the largest spenders on sun care products due their location and climatic conditions. In addition, factors such as product availability, socio-economic status, per capita expenditure, and consumer purchasing power are responsible for the growth of after sun care products market in these regions.
Key Findings of the After Sun Care Products Market:
The premium after sun care products segment is expected to grow at a CAGR of 4.1% during the forecast period.
North America is anticipated to dominate the after sun care products market growth, registering a CAGR of 2.5%.
Asia-Pacific is projected to exhibit exponential growth throughout 2026, registering the highest of CAGR 4.8%. Introduction of value-added sun care products and rise in disposable income of consumers are expected to drive the growth of the Asia-Pacific market.
The supermarket/hypermarket distribution segment is anticipated to dominate the global after sun care products market analysis, with a CAGR of 4.3% during the forecast period.
The gel based after sun care products segment is estimated to grow at a CAGR of 3.2% during the forecast period.
The global market is fragmented with the presence of several market participants across various regions. The strong presence private label brands is giving tough competition to global players.
The key players operating in after sun care products industry include L’Oréal SAS, Beiersdorf AG, Clarins Group, Lancaster Group, Unilver Plc, Estee Lauder Companies, Bioderma Laboratories, Johnson and Johnson, Coty Inc. and Shiseido.
Companies Mentioned
- L’Oréal SAS
- Beiersdorf AG
- Clarins Group
- Lancaster Group
- Unilver Plc
- Estee Lauder Companies
- Bioderma Laboratories
- Johnson and Johnson
- Coty Inc.
- Shiseido
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
