SAN FRANCISCO, Oct. 1, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled «Sun Care Products – Global Market Trajectory & Analytics». The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 16; Released: April 2021
Executive Pool: 10383
Companies: 12 – Players covered include Avon Products Inc.; Bayer Healthcare; Beiersdorf AG; Blistex Inc.; Clarins Group; Edgewell Personal Care Company; Johnson & Johnson; L`Oreal S.A; Neutrogena Corporation; Shiseido Co. Ltd.; The Estee Lauder Companies Inc.; Walgreens Boots Alliance and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Sun-Care Products, After Sun Products, Self-Tanning Care Products)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Sun Care Products Market to Reach $19.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Sun Care Products estimated at US$13.5 Billion in the year 2020, is projected to reach a revised size of US$19.2 Billion by 2026, growing at a CAGR of 5.8% over the analysis period. Sun-Care Products, one of the segments analyzed in the report, is projected to record a 6.6% CAGR and reach US$12.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the After Sun Products segment is readjusted to a revised 5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.9 Billion in 2021, While China is Forecast to Reach $4 Billion by 2026
The Sun Care Products market in the U.S. is estimated at US$3.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2026 trailing a CAGR of 9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Self-Tanning Care Products Segment to Reach US$3.1 Billion by the year 2026
In the global Self-Tanning Care Products segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.