Suncare Powder Products Market to witness growth at a CAGR of 5.7 during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 4.9% during the previous forecast period of 2018 to 2021.
While protecting the skin from daily UV ray damage, powder sunscreen doesn’t leave behind a greasy or thick finish. It contains micronized titanium dioxide, which helps protect the skin from UVA and UVB radiation that might harm it. It blends flawlessly beneath or on top of makeup. It includes a range of tasty botanicals. Because they prevent harmful UV rays from infiltrating your skin, sunscreen products are a favourite among consumers. Because these products are so commonly used in the area, a sizable chunk of the market is dominated by producers from North America and Asia Pacific. Factors including rising pollution, the harmful effects of sun exposure, rising disposable incomes, and increased knowledge of personal care are contributing to the growth of the worldwide sun care industry.
Sun care products are everyday skincare items that shield the skin from the sun’s rays. Due to the rising prevalence of skin conditions and allergies brought on by excessive sun exposure, the market is making every effort to introduce cutting-edge products that can shield the skin from severe sunburn or problems. The most lucrative segment of the skincare products industry is the sun care segment. Over the past few years, the sun care products market has experienced tremendous growth. The market’s growth is mostly related to people’s increased knowledge of skin and hair problems on a global scale. Additionally, it is estimated that over the anticipated time, a variety of initiatives by governments and organisations as well as shifting lifestyles will enhance demand for these goods.
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Global Suncare Powder Products Market – Segmentation
The global sun care powder products market is segmented based on product type and distribution channel type.
Based on product type, the market is segmented into,
• Adult Sun Cream
• Baby Sun Cream
• After Sun
• Fake Tan/Self Tan
• Tanning
Based on distribution channel type, the market is segmented into,
• Hypermarket & supermarket
• Pharmacy & drug store
• Specialty store
• Online
• Others
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Global Suncare Powder Products Market- Growth Factors
Shifting consumer preference for organic and natural beauty products are the factors that are driving the growth of the market during the forecast period. Increasing consciousness about physical appearance coupled with growing purchasing power in the developing economies including China, Brazil, and India is also boosting the growth of the market during the forecast period. The rising female participation in the corporate sector on a global level is also an important factor that is estimated to boost the growth of the market during the forecast period. The growing popularity of online makeup tutorials and social media has been propelling the growth of facial makeup products over the world and is also a factor that is estimated to foster the growth of the market during the forecast period. Manufacturers have been strengthening their position and expanding product lines through mergers and acquisitions and product innovation. This strategy by the market players is estimated to bring immense growth to the market.
Global Suncare Powder Products Market – Key Market players
Beiersdorf AG, Groupe Clarins, Johnson & Johnson, Coty Inc., Shiseido Co. Ltd., L’oreal, and The Estee Lauder Companies Inc. are the major players that are driving the growth of the market during the forecast period.
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