Global Sunscreen Cream Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sunscreen Cream Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sunscreens are products applied to the skin to protect against the harmful effects of the sun's ultraviolet (UV) rays. Many brands of sunscreens are available, containing a variety of ingredients. The active ingredients work by absorbing, reflecting, or scattering some or all of the sun's rays. Most sunscreen products contain combinations of ingredients. Sunscreen products are sold as lotions, creams, gels, oils, sprays, sticks, and lip balms, and can be bought without a physician's prescription. Diligent use of sunscreen can also help to slow or temporarily prevent the development of wrinkles, dark spots and sagging skin.
In addition, sunscreens are commonly rated and labeled with a sun protection factor (SPF) that measures the fraction of sunburn-producing UV rays that reach the skin. For example, SPF 15 means that 1⁄15 of the burning radiation reaches the skin through the recommended thickness of sunscreen. Other rating systems indicate the degree of protection from non-burning UVA radiation.
Moreover, depending on the mode of action, sunscreens can be classified into physical sunscreens (i.e., zinc oxide and titanium dioxide, which stay on the surface of the skin and mainly deflect (citation needed] the UV light) or chemical sunscreens (i.e., UV organic filters, which absorb the UV light).

Market Overview:

The latest research study on the global Sunscreen Cream market finds that the global Sunscreen Cream market reached a value of USD 6696.89 million in 2022. It’s expected that the market will achieve USD 9155.46 million by 2028, exhibiting a CAGR of 5.35% during the forecast period.

Sunscreen Cream Market Drivers

In the future, with the increase of residents' income and the popularization of sun protection and skin care knowledge, consumers will have a deeper understanding of their skin quality. People's pursuit of beauty is increasing rapidly, and people pay more and more attention to skin care, and people's understanding of the harmfulness of ultraviolet radiation to skin for a long time is deepening. Sunscreen market has surpassed the concept of season and become an important part of cosmetics field. The usage habit of sunscreen cream has gradually developed into a daily consumer product similar to skin care products. The increase of consumption frequency directly drives the increase of the overall market scale.

Sunscreen Cream Market Challenges

Under the favorable background, manufacturers should also pay attention to the impact on cosmetics consumption as the economic growth slows down. The rise of e-commerce makes the traditional cosmetics industry increasingly difficult, the competition among single brands may continue to intensify, and the serious homogenization of products hinders manufacturers from advancing. Therefore, cosmetics manufacturers need to adjust their products and markets to cope with the crisis in the new era.

Today's online shoppers are people who have the demand and ability to consume cosmetics. E-commerce platform can help cosmetics manufacturers to achieve rapid sales. Moreover, the information on the Internet is rich and targeted, and manufacturers can use the data information to get market feedback in time, which is convenient to make strategic adjustments in time. However, fake goods are prevalent on e-commerce platforms, so it means that manufacturers should fight against fake goods channels for a long time, so as to safeguard their own interests.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (46.89% in 2021).

Company Overview:

L'OREAL PARIS is one of the major players operating in the Sunscreen Cream market, holding a share of 12.36% in 2021.

L’OREAL PARIS

L'Oreal manufactures cosmetics. The Company offers mascara, lip gloss, foundation, eyeshadow, primer, nail polish, lipstick, face powder, blusher, and concealer, as well as skin, hair, and body care products.

Shiseido

Shiseido Company, Limited manufactures cosmetic and toiletry products. The Company offers an array of makeup and skin-care products, toiletries, beauty salon, pharmaceuticals, foodstuffs, and fine chemicals. Among others, Shiseido owns the following prominent cosmetics, skincare, fragrance, personal care and professional brands: SHISEIDO, NARS, Clé de Peau Beauté, BENEFIQUE, ELIXIR, LAURA MERCIER, IPSA, bareMinerals, MAQUILLAGE, INTEGRATE, AUPRES, ANESSA, TSUBAKI, and ISSEY MIYAKE.

Segmentation Overview:

Among different product types, Chemical Sunscreens segment is anticipated to contribute the largest market share in 2027.

Chemical Sunscreens

It is through the combination of some chemicals and cells, before the cells are damaged, absorb the part of ultraviolet rays that may harm the skin, so as to achieve the purpose of sun protection. Because chemical sunscreen ingredients need to be absorbed by skin, and the combination between skin and sunscreen products should be fully considered when applying, it is necessary to massage moderately. Similarly, because it needs to be absorbed, it is easy to cause skin sensitivity, and allergic skin needs to be used with caution.

Physical Sunscreens

It uses sunscreen particles to form a protective layer on the skin surface, reflecting the light waves in ultraviolet rays that may harm the skin, thus achieving the purpose of protecting the skin. Physical sunscreen particles generally stay on the skin surface and will not be absorbed by the skin, so the burden on the skin is relatively small, and it is not easy to cause skin sensitivity. Because the protective layer of physical sun protection is net-shaped, it should not be applied in circles, but should be applied in one direction in order to make the protective layer evenly distributed.

Application Overview:

The market's largest segment by application is the segment General People, with a market share of 94.62% in 2021.

Key Companies in the global Sunscreen Cream market covered in Chapter 3:

Johnson & Johnson
Amorepacific Group
Shanghai Jahwa
Pechoin (SPDC)
Kao Group
Unilever
Coty(Lancaster)
L'OREAL PARIS
Estee Lauder
Beiersdorf AG
LG Household & Health Care
Chicmax
Procter & Gamble
Edgewell Personal Care
Avon Products, Inc
Jala Group
Shiseido
Proya

In Chapter 4 and Chapter 14.2, on the basis of types, the Sunscreen Cream market from 2018 to 2029 is primarily split into:

Chemical Sunscreens
Physical Sunscreens
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sunscreen Cream market from 2018 to 2029 covers:

General People
Children and Pregnant Women

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)