Future Market Insights (FMI) in its latest study on the sun care products market has anticipated that the market will witness a steady CAGR of 4% during 2020-2030. According to the study, the market players will witness huge market prospects due to increasing product awareness concerning skin cancer and aging-related with exposure to UV rays. Growing online sales of sun care products are poised to foresee sturdy growth, moderately offsetting losses experienced by in-store sales. The sun care products market will be affected by the COVID-19 outbreak, registering slow sales amid the crisis. The market is nevertheless likely to gain momentum due to sales through online channels.
“Players have transitioned to organic and natural ingredients to pull in new consumer demographics. Additionally, the extraction of natural ingredients offers better margins via cheaper raw materials,” said a lead analyst at FMI.
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Sun Care Products Market- Key Takeaways
Sun Care Products Market – Key Trends
Regional Analysis
Sun Care Products Market – Competitive Landscape
Cosmetic and personal care companies around the globe are focusing on research & development (r&d) efforts for enhancements in their product offerings along with strategies to increase sales for sun care products that are highly dependent on seasonal sales.
With the COVID-19 pandemic upsetting travel and outdoor recreational activities, the requirement for sun care products have come down, players have to consider the probable long – and short-term consequences of the pandemic on the sector. Divestments, acquisitions, and alterations in product promotion will stay key strategies for leading players.
Key players identified in the sun care products market include Shiseido Company Limited, Johnson & Johnson, Beiersdorf AG, The Procter & Gamble Company, Loreal SA, Unilever, Lotus Herbal Pvt. Ltd., The Estee Lauder Companies Inc., Bayer AG., and Avon Products Inc.
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Sun Care Products Market – Segmentation
Product Type
Nature
End User
Sales Channel
Region:
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Get Valuable Insights into the Sun Care Products Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global sun care products market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the sun care products market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.
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Skin Lightening Products Market: The skin lightening products market report offers a 360-degree analysis, bringing to the fore insights that can help stakeholders identify key challenges and opportunities across the upcoming decade’s growth trajectory.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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