Sunscreen Manufacturing in the US - Industry Market Research Report

Sunscreen Manufacturing in the US - Industry Market Research Report

Sunscreen Manufacturing in the US

The sunscreen manufacturing industry performed well over the past five years as mostly strong economic conditions and growing awareness of the health risks linked to prolonged exposure to ultraviolet (UV) rays have spurred greater sales of sun-care goods. Per capita disposable income has grown over the past five years, enabling consumers to better afford purchases of higher-priced industry goods. However, the proliferation of creams and cosmetics that feature built-in sun protection, which is not industry relevant, has been hampering industry demand somewhat. Over the past five years, revenue has grown at a CAGR of 2.9% to $697.0 million, including an expected 0.4% increase in 2023. Profit is expected to climb to 7.1% of revenue in 2023 from 6.2% in 2018.

Operators in the Sunscreen Manufacturing industry prepare, blend, compound and package sun protection products. Sunscreen comes in lotion, cream, spray or other topical applications and is used to protect the skin from the sun’s harmful rays, limiting sunburns and helping prevent skin cancer. This industry does not include sun amplification products.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.