Suncare Market Growth Analysis by Region, Country, Brands, Distribution Channel, Competitive Landscape, Packaging and Forecast to 2027

The report provides an overview of current suncare scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers regional overview across five regions - Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe - highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.

The global suncare sector was valued at $8.5 billion in 2022 and is forecast to record a CAGR of 4% during 2022-27, to reach $10.4 billion in 2027. The Asia-Pacific represented the largest region in the sector in 2022, with a value share of 80.7%, followed by the Americas with 31.4%. Among all the regions, the Middle East and Africa is forecast to record the highest growth rates at a CAGR of 6.6%, during 2022-2027. In 2022, sun protection was the largest category, accounting for 80.7% of overall global value share, followed by after-sun category with 10% value share. The top five companies in the global suncare sector together accounted for a value share of 50.7% in 2022. The sector was led by Beiersdorf, which held a share of 16.8%, followed by L'Oreal, and Johnson & Johnson Services with 13.7% and 9.4% shares, respectively. The other leading companies, Edgewell Personal Care and Shiseido, accounted for value shares of 6.8% and 4%, respectively, in 2022.

Key Highlights

Consumers today have become extremely selective when purchasing products in the sector, owing to health considerations. New products in the Suncare sector are being launched with a plethora of claims such as natural, paraben-free, fragrance-free, silicone-free, alcohol-free, and free from oxybenzone and octinoxate. The clean labeling trend, which places emphasis on the transparency of suncare products with reference to the ingredients used, is growing in the Suncare sector. This is becoming increasingly common in new product launches, with labels claiming the use of natural, wholesome, and simple ingredients that are easy to recognize, in order to appeal to consumers.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the global suncare sector. It includes an analysis on the following:

• Sector overview: Provides an overview of current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides overviews across five regions-Asia-Pacific, Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector sizes, growth influences, latest developments, and future challenges for each region. This data includes both on-trade and off-trade data
• Change in consumption: Details shifts in the consumption of suncare over 2017-27 at global and regional levels
• High-potential countries: Provides risk-reward analysis of the top four high-potential countries in each region, based on market assessment, economic development, governance indicators,
• sociodemographic factors, and technological infrastructure
• Country and regional analysis: Provides deep-dive analysis of 10 high-potential countries, covering value growth during 2022-27, key challenges, consumer demographics, and key trends. It also includes regional analysis covering the future outlook for each region. Market size includes both on-trade and off-trade data, while only off-trade data is used in company and brand analysis, distribution analysis, and packaging analysis
• Competitive landscape: Provides an overview of leading brands at a global and regional level, besides analyzing the product profile, country-level presence, market share, and growth of private labels in each region
• Key distribution channels: Provides analysis on the leading distribution channels in the global suncare sector in 2022. It covers “dollar stores”, variety stores & general merchandise retailers, cash & carries and warehouse clubs, convenience stores, department stores, e-retailers, health & beauty stores, direct sellers, parapharmacies/drugstores, chemists/pharmacies, hypermarkets & supermarkets, and other retailers
• Packaging analysis: The report provides percentage shares (in 2022) and growth analysis (during 2022-27) for various pack materials, pack types, closures, and primary outer types based on volume sales in the suncare sector

Reasons to Buy

• Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates