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Global Sun Protection Products Market Estimated to Highlight Positive Returns with Revenues Ranging to US$ 13,464 Mn until 2020
, February 10, 2018 ) The global demand for
sun protection products
normally rises in the summer season owing to the increasing intensity of sun rays that compel people to take various measure to protect themselves from sunburn. However, seasonal climate change and availability of other alternatives continue to impact the global sales of sun protection products. That is why, manufacturers are focusing on development of multiuse sun protection products that can also address other issues related to skin care. As per Fact.MR’s recently published report, the global sun protection products market is set to expand at 5.6% CAGR during the forecast period (2017-2022) to surpass a valuation of US$ 13,464 Mn.
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The report offers an overview of the global sun protection products market. This comprises an introduction to the market, along with a standard definition of the product. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global sun protection products market, the report provides updates about market opportunities, which can benefit leading manufacturers of sun protection products. With continuous evolution of the beauty and wellness sector, keeping a record of latest developments and trends is fundamental for sun protection product manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Key Insights on Global Market For Sun Protection Products
1) Demand for sun protection products will continue to be higher than suntan and other sun block products. Over US$ 5,675 Mn worth sun protection products are estimated to be sold by the end of 2022. Currently, sun protection products command for over one-third revenue share of the global market. Cosmetic brands are emphasizing on herbal and natural ingredient owing to increasing concerns over side-effects from use of sun protection products that are prepared from synthetic chemicals.
2) Hypermarket/supermarket has emerge as the top distribution channel for sun protection products. Increase construction of hypermarket/supermarket in emerging countries such as India and China is allowing the global market for sun protection products to gain further momentum. Huge stocks of wellness items including sun protection products can be stored in hypermarket/supermarket giving consumers the option to select form a range of different sun block products. Online retail stores are also a key distribution channel for sun protection products as a large portion of the young population chose to shop online. The online sales segment is projected to surpass a market valuation of US$ 2,879 Mn, registering 5.1% CAGR.
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Global Sun Protection Products Market- Regional Overview
Among regions, Asia-Pacific excluding Japan (APEJ) is expected to remain at the forefront of the global sun protection products market. APEJ’s sun protection products market revenue is anticipated to increase at a CAGR of 6.4% during the forecast period. This is primarily owing to rising disposable income in the many of the emerging countries in the region. Moreover, the economic growth in APEJ is leading to higher standards of living, which in turn is driving the desires of maintaining oneself better in terms looks and health. Markets in Europe and North America are expected to exhibit positive growth. Revenue from North America sun protection products market is anticipated to increase at a CAGR of 5% over 2022. Meanwhile, Latin America is also expected to account for a significant revenue share of the market during the forecast period. By 2017-end, the region is likely to command for 21.3% market share in terms of revenue, possibly gaining 15 BPS in its market share by 2022.
The report has also profiled prominent manufacturers of sun protection products in the global market, which include Johnson & Johnson, L'Oréal S.A., Avon Products, Inc., Kao Corporation, Shiseido Co.,Ltd, Unilever PLC, Mary Kay Inc., The Procter & Gamble Company, Christian Dior SE, and Beiersdorf Aktiengesellschaft.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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