Global Sunscreen Cream market will reach 11.27 billion US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/8/30

Sunscreen Creams are products that are in the form of cream among others which are used to protect against harmful rays of the sun (UV rays) thus avoiding sunburn. The Sunscreen Creams market is generally segmented into three broad product types: Chemical Sunscreens, Physical Sunscreens and Others. Chemical Sunscreens occupied the most market share, with 84.20% sales share in 2018, it is expected to keep leading the market in future period.

Global Sunscreen Creams sales revenue was 8.25 billion USD in 2018, which is expected to reach 11.27 billion USD in 2025, growing at a CAGR of 5.13% from 4.56% from 2019 to 2025. In term of volume, Global Sunscreen Creams sales was about 829.75 million Units in 2018, which is expected to reach 1158.77 million Units in 2025, with a forecast CAGR of 4.89% from 2019 to 2025.

Asia-Pacific, Europe and North America are the top regions regard of consumption share, with 33.83%, 33.47%, 24.19%respectively in 2018. Estee Lauder, Proctor & Gamble, L'Oreal and Johnson & Johnson, Shiseido are dominating the Global market, other leading players include Unilever, Edgewell Personal Care and etc.

Sunscreen Creams are classically distributed in two distinct channels: the department store and the mass market channel. The retail chain is the major distribution partner for every beauty and personal care manufacturer, as the majority of sales are from retail outlets. The current shift in the retail industry from a more traditional unorganized retail format to organized retail has accelerated the growth of the retail industry.

Due to the higher price and gross margin of high-end products compared with the low-end products, in the next few years, companies will invest much more on R&D and transfer to high-end product field. In the future, the production and consumption are estimated to continue developing with a stable growth rate. To meet the large and increasing demand, more and more players will go into this industry.

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