Self-Tanning Products Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Self –Tanning Products Market
The self-tanning products market size was valued at USD 1.09 billion in 2023, and the market is now projected to grow from USD 1.15 billion in 2024 to USD 1.99 billion by 2032, exhibiting a CAGR of 8.1% during the forecast period of 2024-2032.
COVID- 19 pandemic has tremendously affected the complete world. It affected many unpredicted disturbance and affected the industry. The COVID-19 pandemic smash numerous countries in some or another way, distracting business, dropping consumer spending, cancelling investment plans, and growing joblessness.
Producers are emerging self-tanning products with advanced formulations to offer customers a variety of useful skincare benefits, comprising better-quality skin tone, skin hydration & nutrition, and skin smoothening. Enhanced customer satisfaction and reliability for the freshly launched products will motivate the products demand.
Increasing demand for viable skin tanning products made from naturally derived, plant-based constituents, comprising aloe, glycerin, sorbitol, coconut oil, and shea butter which will speed up the products sales in several nations across the world. The rising implementation of organic ingredient-based skincare products is projected to favor the self- tanning products market growth.
Comprehensive Analysis of Self –Tanning Products Market
The mounting occurrence of skin dryness and rising awareness about the skincare benefits of tanning oils will speed up the self-tan oil sectors progress. Easy access to customers to skin tanning mousse products made up of natural constituents which supports the product’s world-wide consumption rate. The market can be segmented in numerous ways reliant on the focus of study such as by product form and by end -user. Based on product form, the market is segmented into self-tan lotion, self-tan spray, self-tan oil, self-tan mousse, self-tan drops, self-tan wipes, and others. Based on end-user, the market is segmented into household and commercial.
Asia Pacific region is dominating the self- tanning products market share due to robust demand for creams, gels, and other skincare products. The growing liking among women customers for customizable skin tanning services for special events will support the products consumption.
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. The growing number of brands work together with other businesses to augment the development of their products is projected to have a progressive influence on the market growth. These players include St. Tropez Inc. (U.K.), Bondi Sands (Australia), Tan-Luxe (Future Beauty Labs) (U.K.), Isle of Paradise (U.K.), Pradas Glow (U.S.), Kao Corporation (Jergens) (Japan), Coola LLC. (U.S.), Clarins (France), Johnson & Johnson Services, Inc. (Neutrogena) (U.S.), Crown Laboratories, Inc. (Vita Liberata) (U.S.), Avalon Natural Products, Inc. (Alba Botanica) (U.S.), L'Oréal S.A. (France), Skinerals (U.S.) these market players spending rigorously on investigation and growth in order to rise with further new technology so that they can maintain and improve their existing market.
In December 2022, NYX, a leading cosmetic brand, introduced its simulated try-on experience for beauty consumers. This will benefit consumers to try diverse products through the company's e-retailing portals and choice the most suitable among them.
Segmentation Table
TTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 8.1% during 2024-2032
Unit Value (USD Billion)
Segmentation By Product Foam
Self-Tan Lotion
Self-Tan Spray
Self-Tan Oil
Self-Tan Mousse
Self-Tan Drops
Self-Tan Wipes
Others
By End-User
Household
Commercial
By Distribution Channel
Offline
Online
By Region
North America (By Product Form, End-User, Distribution Channel, and by Country)
U.S. (By End-User)
Canada (By End-User)
Mexico (By End-User)
Europe (By Product Form, End-User, Distribution Channel, and by Country)
Germany (By End-User)
France (By End-User)
Spain (By End-User)
U.K. (By End-User)
Russia (By End-User)
Norway (By End-User)
Denmark (By End-User)
Sweden (By End-User)
Finland (By End-User)
Iceland (By End-User)
Netherlands (By End-User)
Belgium (By End-User)
Poland (By End-User)
Rest of Europe (By End-User)
Asia Pacific (By Product Form, End-User, Distribution Channel, and by Country)
China (By End-User)
India (By End-User)
Japan (By End-User)
Australia (By End-User)
Rest of Asia Pacific (By End-User)
South America (By Product Form, End-User, Distribution Channel, and by Country)
Brazil (By End-User)
Argentina (By End-User)
Rest of South America (By End-User)
Middle East & Africa (By Product Form, End-User, Distribution Channel, and by Country)
South Africa (By End-User)
UAE (By End-User)
Rest of Middle East & Africa( By End-User)