Sun Care Powder market is expected to surpass US$ 5.85 Bn by 2030 end
Category: Chemicals & Materials ID: CVC-10101-CH Format: PDF Pages: 300
Sun Care Powder Market Overview
According to the most recent study on sun-care powder conducted by ChemView Consulting, the product is expected to see a significant increase in demand due to its ability to protect skin from cancer-causing UVB radiations. Furthermore, portability is a major driver propelling the product’s growth.
The market is expected to grow at a CAGR of around 8.3% during the forecast period to reach US$ 5.85 Bn by 2030 end.
A recent trend in the skincare industry has been transitioning from chemical-based sunscreen to mineral-based sunscreen powder. This is primarily due to the side effects of the various chemicals used in the manufacture of traditional sunscreen creams.
What is the major driving factor for the demand for sun care powder?
The Sun-care powder is a relatively new trend in the skincare industry. Even though dermatologists advise that more research be conducted before reaching any conclusions, several benefits have been identified, implying that the product’s sales will increase.
For example, consumers have suggested that sunscreen powder is far more convenient than sunscreen creams over the years. The powder can be applied with a brush without getting your hands soiled.
Furthermore, due to mineral oxides and their ability to adjust to acne-prone complexions, powder sunscreen has been identified as the best fit for sensitive skin.
Furthermore, as various side effects of traditional creams and lotions have emerged, consumer preferences have shifted. Because of the factors mentioned above, the sun-care powder is expected to see a significant increase in demand over the forecast period.
Which region has high potential in the sun care powder market?
Due to the region’s well-established cosmetic industry and consumers’ ability to spend more on cosmetic products, Europe is poised to provide a leading growth opportunity for powder sun-care products.
For example, around 100+ cosmetic manufacturing companies in Europe spend more on R&D than any other manufacturer globally. Furthermore, European consumers spend three times more on skincare products than Asian consumers.
Furthermore, high R&D spending on sun protection products means innovation and product development, giving consumers various options.
Why is Asia-Pacific expected to be the most profitable sun care powder market?
Due to rising beauty product consumption in the region and growing awareness about the side effects of traditional creams and lotions, Asia Pacific has been identified as the most lucrative market for powder sun-care products.
Furthermore, it has been observed that the Asian population has become more conscious of their appearance over the years, providing the regional cosmetic market with the necessary push.
Furthermore, rising female labor-force participation is propelling the regional sun-care powder market. For example, in Malaysia, women’s labor-force participation has been hovering around 45 percent, increasing the demand for powder products.
Who are the key market participants of sun care powder identified across the value chain?
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, governing factors, and market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Market Report Highlights:
Note: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.
By Skin Type:
By Region and Country:
|Historical Data Available for||2017-2021|
|Market Analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key Regions Covered||North America, Latin America, Europe, Asia-Pacific, Middle East, Africa|
|Key Countries Covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key Segments Covered||Ingredients, Skin Type, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Sun care powder Research Scope:
ChemView Consulting offers customizations according to the client’s specific requirements. There is no limit to the level of customization we offer to our client’s if it falls under market research purview.