Growing Desire to Stay Attractive to Create Soaring Demand in Sun Protection Pro

Posted by Arslan on March 4th, 2019

Fact.MR projects the global sun protection products market to rise at a 5.6% CAGR during the forecast period 2017-2022. By the end of 2022, the global sun protection products market could be worth a US.4 bn. According to the authors of the Fact.MR report, the global sun protection products market can be classified into self-tanning care, after-sun, and sun protection products as per type. Amongst these, sun protection products are foreseen to take the lead in the global market. By the end of 2022, the sun protection products segment could be valued at a US.6 bn in the global market.

Innovation of wellness and beauty products is projected to reflect positively on the global sun protection products market. Increasing desire of consumers to look attractive and younger could create a whole lot of demand in the global sun protection products market. The use of organic and natural ingredients is expected to draw an increasing number of buyers to the global sun protection products market. Benefits such as decreased risk of squamous cell carcinomas besides sunburn protection could improve sales in the global sun protection products market.

By distribution channel, the global sun protection products market is segregated into four segments, viz. retailers, hypermarket/supermarket, online sales, and other retail formats. Amongst these segments, hypermarket/supermarket is envisaged to become highly attractive in the global sun protection products market. It could help the global sun protection products market to gain impetus in India, China, and other developing economies. It can help consumers to have easy access to latest products available in the global sun protection products market. Moreover, it can accommodate enormous stocks of sun protection products.

On the regional front, APEJ is predicted to take command over the global sun protection products market over the course of the aforementioned forecast period. This regional sun protection products market could rise at a 6.4% CAGR. Improving disposable income in developing economies of APEJ is expected to push the growth of the regional sun protection products market. Increasing inclination toward healthy living and skin improvement amid a highly polluted environment could further increase the sales of sun protection products in the region. Furthermore, economic growth is predicted to create some demand in the regional sun protection products market.

The report provides a detailed research study on leading companies of the global sun protection products market, which include Shiseido Co., Ltd., Kao Corporation, Avon Products, Inc., L’Oréal S.A., and Johnson & Johnson.