Promising Opportunity for Sun Care Product Manufacturers, says TMR Growing Threat of Skin Cancer Driving Sales of Sun Care Products Sun protection is no longer the sole priority and consumers look for multifunctional products that can serve a number of requirements. The growing demand for multifunctionality in products is a key factor driving the global sun care market. “When buying a sun care product, added features and benefits, such as dark spot reduction, acne control, spot correction, skin renewal, moisturizing, and anti-aging are crucial for consumers,” the author points out. “Manufacturers are innovating their products in line with changing consumer demands and this has given sales a significant boost.”

Revenue-based Growth in Sun Care Market to Rise at 5.8% CAGR by 2024 The global market for sun care products is expected to register a 5.8% CAGR during the forecast period, with the opportunity in the market rising from US$15.8 bn to be worth US$24.9 bn by By type, sun protection products led the overall market in 2015 and is projected to generate a revenue of over US$15 bn by the end of the forecast period. After sun products are anticipated to register the highest CAGR of 6.2% from 2016 to Although self-tanning products are forecast to record modest growth in the coming years, their increasing demand in North America as well as Europe is likely to help them sustain in the overall sun care market.

key Players The global sun care market is extremely concentrated among key players such as Beiersdorf AG, Groupe Clarins, Johnson and Johnson, Coty Inc., Shiseido Company Ltd., L’Oreal, Bioderma Laboratories, Estee Lauder, Burt’s Bees, and Unilever.sun care market Read More :

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