The ‘Global Mineral Sunscreen Market Share, Size, Report and Forecast 2024-2032’ by Expert Market Research gives an extensive outlook of the global mineral sunscreen market, assessing the market on the basis of its segments like product types, skin types, price ranges, sun protection factors, consumer groups, distribution channels, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Mineral Sunscreen Market Price, Trends, Growth, Analysis, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2032)
• Historical Market Size (2023): Around USD 1.27 Billion
• Forecast CAGR (2024-2032): 5%
• Forecast Market Size (2032): Nearly USD 1.74 Billion
A major factor driving the global mineral sunscreen market is the increasing usage of the product to protect skin from harmful ultraviolet rays which can damage the skin barrier. Increased exposure to the sun without applying any protective cream or lotion can accelerate the skin ageing process and increase the risk of skin cancer.
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Sunscreen has become an essential part of the skincare regime in contemporary times, which is expected to fuel the market growth. Increased spending on social media advertisements and promotion by influencers and celebrities by key players is also expected to increase the appeal of mineral sunscreen among consumers.
The improved formulation of mineral sunscreen makes it suitable for sensitive skin, which is further expected to bolster its demand. Moreover, increased production of mineral sunscreen which does not leave any white cast behind, can be rapidly absorbed, and is non-sticky is anticipated to fuel the market in the coming years.
The inclusion of safe ingredients such as zinc oxide and titanium oxide is another important factor aiding the mineral sunscreen market. These ingredients do not cause any harm to human health unlike some UV filters in chemical sunscreen and are also considered safe for the environment.
Mineral Sunscreen Industry Definition and Major Segments
Mineral sunscreen, also referred to as physical sunscreen or sun blocker, provides a physical barrier to the skin to protect it from harmful ultraviolet rays. It commonly contains ingredients such as zinc oxide and titanium oxide, which reflect the UV rays and make it suitable for consumers with different skin types.
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On the basis of product type, the market is classified into:
• Cream
• Lotion
• Gel
• Others
Based on skin type, the market is categorised into:
• Sensitive
• Normal
• Dry
• Oily
• Combination
On the basis of price range, the market is segmented into:
• Low
• Medium
• High
Based on sun protection factor, the market is divided into:
• Up to 29 SPF
• 30 SPF-49 SPF
• 50 SPF-69 SPF
• 70 SPF and Above
On the basis of consumer group, the market is classified into:
• Men
• Women
• Unisex
Based on distribution channel, the market is categorised into:
• Online
• Offline
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Mineral Sunscreen Market Trends
A key trend propelling the growth of the global mineral sunscreen market is the growing popularity of tinted mineral sunscreen as a primer and colour corrector due to its multifunctional abilities.
Furthermore, the growing production of different sunscreen products such as creams, lotions, sprays, and sun sticks are expected to provide lucrative growth opportunities due to their varying application. Market players are also focused on the development of sweat and water-resistant sunscreen that can last for a long time, especially during outdoor activities.
The growth of the e-commerce sector is also expected to favour the global mineral sunscreen market owing to the availability of a large range of brands and SPF ranges in online stores. Moreover, the availability of bank offers and coupons makes online stores an attractive option for consumers, further catalysing the market.
North America accounts for a significant share of the global mineral sunscreen market due to the rising popularity of skincare products in the region. Furthermore, increasing consumer awareness regarding issues such as skin burns or risks of cancer due to prolonged skin exposure also drives the market growth.
Key Market Players
The major players in the global mineral sunscreen market report are:
- The Avon Company
- CP Skin Health Group, Inc.
- Sun Bum LLC
- Johnson & Johnson Consumer Inc
- L’Oréal S.A.
- Goddess Garden, LLC
- Beiersdorf AG
- Coola LLC
- The Estée Lauder Companies Inc.
- Colorescience, Inc.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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