The Latest Sun Care Industry Statistics Explained
The global sun care market size was valued at USD 2.04 billion in 2020.
The statistic ‘The global sun care market size was valued at USD 2.04 billion in 2020’ signifies the total monetary value of sales generated by the sun care industry worldwide during the year 2020. This figure includes the revenue earned from the sales of various sun care products such as sunscreens, sunblocks, and after-sun care products. The market size value of USD 2.04 billion provides insights into the robustness and scale of the sun care market on a global scale, indicating the significant demand and consumer spending within this industry segment throughout the year 2020.
Sun care market revenue is projected to reach USD 2.43 billion in 2021.
The statistic ‘Sun care market revenue is projected to reach USD 2.43 billion in 2021’ indicates the expected total sales generated within the sun care industry for the year 2021. This figure represents the revenue that companies are projected to earn from the sale of sun care products such as sunscreen, after-sun products, and other related items. The increase in projected revenue may be influenced by factors such as growing awareness about the importance of sun protection, increased spending on skincare products, and changing consumer preferences towards products with higher SPF levels or added skincare benefits. Overall, the statistic provides insight into the anticipated growth and financial performance of the sun care market for the specified year.
The market is expected to grow annually by 5.09% (CAGR 2021-2025).
The statistic stating that the market is expected to grow annually by 5.09% with a Compound Annual Growth Rate (CAGR) of 5.09% from 2021 to 2025 indicates the projected average rate of growth for the market over the specified period. This means that, on average, the market is forecasted to increase by 5.09% per year from 2021 to 2025. The CAGR is a useful measure that provides a smooth representation of the annual growth rate over multiple years, taking into account the compounding effects. This statistic is crucial for investors, businesses, and analysts to understand the expected trajectory of the market and make informed decisions based on the projected growth rate.
Largest sun care market by country in 2021 is the United States at USD 1,372m.
The statistic indicates that the United States had the largest market for sun care products in 2021 with total sales amounting to USD 1,372 million. This implies that consumers in the United States spent the most on sun care products compared to any other country that year. The significant market size reflects the importance placed on skin protection from the sun in the United States, likely due to factors such as high awareness of the risks of sun exposure and the popularity of outdoor activities. Additionally, the substantial market value suggests a thriving industry with strong demand for sun care products among consumers in the United States.
Per-capita revenue in the sun care segment in the United States is estimated at USD 4.14 in 2021.
The statistic “Per-capita revenue in the sun care segment in the United States is estimated at USD 4.14 in 2021” indicates the average revenue generated per person in the United States from the sales of sun care products in the year 2021. This figure represents the total revenue generated in the sun care segment divided by the population of the United States. The per-capita revenue is a useful metric for understanding the economic contribution of the sun care industry to the individual consumer. A higher per-capita revenue suggests that consumers are spending more on sun care products, potentially due to factors like increased awareness of sun protection or a higher demand for sun care products in the market.
Revenues in the skin protection (sun care) segment amounted to USD 4,666.4 million in 2020.
The statistic indicates that the total revenues generated in the skin protection (sun care) segment amounted to USD 4,666.4 million in the year 2020. This figure represents the total sales and income generated by companies offering sun care products such as sunscreens, lotions, and other protective skincare products designed to shield the skin from harmful UV rays. The revenue amount of USD 4,666.4 million reflects the collective market size and consumer demand for sun care products in 2020, highlighting the significance of the sun care industry within the broader skincare market.
Cosmeceutical sun care sales direct from manufacturer amount to USD 0.3 billion in the United States as of 2020.
The statistic indicates that the sales revenue generated directly by manufacturers of cosmeceutical sun care products in the United States amounted to $0.3 billion in the year 2020. Cosmeceuticals are products that lie at the intersection of cosmetics and pharmaceuticals, typically offering benefits beyond traditional skincare, such as anti-aging or skin-repair properties. The sales figure of $0.3 billion illustrates the significant market demand for cosmeceutical sun care products, reflecting consumer interest in skincare solutions that not only offer protection from sun damage but also provide additional skin-enhancing benefits. This statistic highlights the size and growth potential of the cosmeceuticals market within the broader sun care industry in the United States.
Sunscreen and other sun protection products are expected to represent 8.1% of the cosmetics market in Europe by 2020.
The statistic indicates that sunscreen and other sun protection products are projected to make up 8.1% of the total cosmetics market in Europe by the year 2020. This suggests that sun protection products have a significant share of the cosmetics industry in Europe, highlighting the increasing awareness and importance of protecting the skin from the sun’s harmful rays. The forecasted percentage signifies the anticipated growth and demand for sunscreen and related products in the European market, emphasizing the prioritization of skincare and sun protection among consumers in the region.
After-sun products held 13.5% of the total sun care market revenue in 2020.
In 2020, after-sun products accounted for 13.5% of the total revenue generated in the sun care market. This statistic indicates that after-sun products were a significant portion of the market’s sales, but other products such as sunscreen lotions, sprays, and sunblocks also played a significant role. The percentage suggests that consumers are willing to invest in products that provide relief and protection after sun exposure, highlighting the importance of after-sun care in the overall sun care industry.
The SPF 30-50 segment held the largest revenue share of over 39.1% in 2020.
This statistic indicates that in the sunscreen market in 2020, the SPF 30-50 category accounted for the highest proportion of total revenue, with a share of over 39.1%. This suggests that consumers likely preferred sunscreens within this SPF range over others, possibly due to a combination of factors such as effectiveness, cost, brand popularity, or marketing strategies. The dominance of the SPF 30-50 segment highlights its significance in driving revenue within the sunscreen industry in 2020, indicating a strong market demand for products with this particular sun protection factor range.
The sun protection segment accounted for the largest revenue share of over 63.3% in 2020.
This statistic indicates that among all the segments within the market being analyzed, the sun protection segment generated the highest amount of revenue, making up more than 63.3% of the total revenue in the year 2020. This suggests that consumers are prioritizing sun protection products over other categories within the market, potentially due to increasing awareness of the importance of protecting skin from harmful UV rays. It also implies that the sun protection segment is a significant driver of overall market performance, highlighting its dominance and influence in the industry during the specified time period.
There is a projected rise in demand for organic sunscreen lotions due to the prevalence of skin diseases.
The statistic indicates that there is an expected increase in the demand for organic sunscreen lotions, driven by the rising occurrence of skin diseases. This trend suggests a growing awareness among consumers about the potential benefits of using organic sunscreen products over conventional options, potentially due to concerns about exposure to harmful chemicals and a desire for more natural and sustainable skincare solutions. As skin diseases become more prevalent, individuals may be seeking out alternative products that they perceive to be safer and more gentle on their skin. This projected rise in demand underscores the importance of understanding consumer preferences and market trends in the skincare industry, particularly in relation to health and wellness concerns.
By 2026, the self-tanning products segment is projected to register a significant CAGR.
This statistic indicates that the self-tanning products segment is expected to experience a substantial Compound Annual Growth Rate (CAGR) by the year 2026. A CAGR measures the average annual growth rate of a product or industry over a specified period of time, in this case until 2026. The projection suggests that the demand for self-tanning products is anticipated to increase significantly in the coming years, likely driven by factors such as changing consumer preferences towards maintaining a tan without sun exposure, advancements in product formulations, and increasing awareness about skincare and sun protection. This growth trend implies potential opportunities for businesses operating in the self-tanning products market to capitalize on this rising demand and expand their market share within the industry.
Europe dominated the sun care market in 2019 with a revenue share of 34.8%.
The statistic indicates that Europe accounted for the largest share of revenue in the sun care market in 2019, capturing 34.8% of the total market value. This dominance suggests that Europe was a key player in the sun care industry during that year, likely due to factors such as high consumer demand, strong market presence of major sun care brands, or effective marketing strategies. The substantial revenue share implies that European countries were significant contributors to the overall sales and growth of the sun care market in 2019, highlighting the region’s influence and importance within the industry.
58% of U.S. women use sunscreen only if they expect to be in the sun for a prolonged period.
The statistic indicates that the majority of women in the United States, specifically 58%, only use sunscreen when they anticipate being exposed to the sun for an extended period of time. This suggests that a significant portion of women may not prioritize consistent sun protection measures in their daily routine or underestimates the harmful effects of sun exposure during shorter durations. This behavior could potentially increase their risk of sunburn, premature skin aging, and skin cancer. It highlights the importance of education and awareness campaigns to emphasize the significance of regular sunscreen usage as a key aspect of maintaining skin health and reducing the risk of skin damage from UV radiation.
The U.S. sun care market size was valued at USD 1.95 billion in 2015.
The statistic indicates that the market for sun care products in the United States was worth $1.95 billion in the year 2015. This figure represents the total value of sales generated from various sun protection products such as sunscreen lotions, sprays, and after-sun care items. The market size reflects the significant demand for sun care products in the U.S., driven by factors such as growing awareness of sun protection, concerns about skin health, and lifestyle trends promoting outdoor activities. The value of $1.95 billion illustrates the magnitude of the sun care industry in the U.S. and highlights the importance of this market segment in meeting consumer needs for sun protection products.
Middle East & Africa is expected to display the fastest growth rate of 6.1% during the forecast period from 2019 to 2025 in the sun care market.
This statistic indicates that the sun care market in the Middle East & Africa region is projected to experience the highest growth rate of 6.1% between 2019 and 2025. This growth is attributed to various factors such as increasing awareness of the importance of sun protection, rising disposable incomes, and an expanding urban population in the region. The forecast suggests that the demand for sun care products is expected to increase significantly in the Middle East & Africa, making it a lucrative market for companies operating in the sun care industry. Consumers in this region are likely to prioritize sun protection products to safeguard their skin from the harmful effects of UV radiation, thereby driving the growth of the sun care market in the forecast period.
The online distribution channel is expected to be the fastest-growing segment with a CAGR of 6.3% over the analysis period.
The statistic you provided indicates that the online distribution channel is projected to experience the highest growth rate among all distribution channels. Specifically, it is expected to achieve a Compound Annual Growth Rate (CAGR) of 6.3% over the analysis period. This suggests that online sales and distribution activities are anticipated to expand rapidly compared to other distribution channels such as brick-and-mortar stores or third-party retailers. The increasing prevalence of e-commerce and the shift in consumer shopping behaviors towards online platforms are likely driving this growth trend, demonstrating the significance and potential of the online channel within the industry.
Self-tanning products held the second largest market share in 2019.
The statistic that “self-tanning products held the second largest market share in 2019” indicates that within the beauty and skincare industry, self-tanning products were the second most popular and widely purchased category among consumers in that year. This suggests that there was a significant demand for self-tanning products, highlighting the growing popularity and acceptance of sunless tanning methods as an alternative to traditional sun exposure for achieving a bronzed skin tone. The statistic reflects consumer preferences and trends in the market, with self-tanning products being favored by a large portion of the target demographic, resulting in their significant market presence.
However, concerns related to the harmful effects of chemical ingredients hinder the sun care market growth.
This statistic suggests that the growth of the sun care market is being impeded by concerns surrounding the potential negative impacts of chemical ingredients used in sun care products. Consumers are becoming increasingly aware and cautious about the ingredients present in their cosmetics and skincare products, leading to a shift towards more natural or organic alternatives. The growing apprehension about the possible harmful effects of chemicals commonly found in sunscreens such as oxybenzone and avobenzone has created a barrier to the expansion of the sun care industry. As a result, manufacturers may need to reevaluate their product formulations and messaging strategies to address these concerns and meet the changing preferences of consumers in order to stimulate market growth.
References
0. – https://www.www.alliedmarketresearch.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.statista.com
