PUBLISHER: MarketLine | PRODUCT CODE: 1564111
PUBLISHER: MarketLine | PRODUCT CODE: 1564111
Global Suncare industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The suncare market consists of the retail sale of sun protection, after-sun and self-tan products. The sun protection segment consists of lotion, spray, gel or other topical product that absorbs or reflects some of the sun's ultraviolet (UV) radiation. The after-sun segment consists of all mass and premium moisturizing cream formulated for sunburned skin. The self-tan segment consists of all mass and premium products that either enhance natural tanning (tanning aids) or allow the skin to tan without developing exposure to the sun. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 exchange rates.
The global Suncare market had total revenues of $11,953.9 million in 2023, representing a compound annual growth rate (CAGR) of 3.5% between 2018 and 2023.
Market consumption volumes declined with a negative CAGR of 0.5% between 2018 and 2023, to reach a total of 830.1 million units in 2023.
The performance of the market is forecast to accelerate, with an anticipated CAGR of 4.7% for the five-year period 2023-28, which is expected to drive the market to a value of $15,035.8 million by the end of 2028.