The tinted Sunscreen market is anticipated to record a CAGR of 4.5% during the forecast period. It is expected the market value will go up from US$ 930 Mn in 2021 to reach a valuation of US$ 1.67 Bn by 2032.
| Report Attributes | Details |
|---|---|
| Tinted Sunscreen Market Estimated Base Year Value (2021) | US$ 930 Million |
| Tinted Sunscreen Market Value in 2022 | US$ 980 Million |
| Tinted Sunscreen Market CAGR 2022 to 2032 | 4.5% |
| Anticipated Tinted Sunscreen Market Value (2032) | US$ 1.67 Billion |
In the recent past, the sun protection products industry has developed significantly, owing to rise in consumers that need to protect their skin from harmful sun rays. This speedily growing demand for tinted sunscreen has enabled companies to reach potential customers with more innovative and attractive products that will prove to be a major growth factor for the tinted sunscreen market in the coming days.
Advancement in sunscreen technology has resulted in availability of wide range products for UV protection, complexion enhancement, skin tone effects and rapidly increasing the sales of tinted sunscreen products in various verticals. Also the dual benefits of using such products is predicted to create a higher demand for tinted sunscreen in all age groups.
Use of carbon based compounds such as oxybenzone and octinoxate are known to be as organic absorbers. Use of such type of safe ingredients have brought in some fresh demand for tinted sunscreen products further boosting its popularity.
Moreover, the higher sales of tinted sunscreen lotions is attributed to the fact that it can be used in combination with light foundation for darker skin tones. The rising economic standards and personal income of tropical country citizens is expected to raise the global tinted sunscreen market share globally.
As per the market analysis report of future market insights the global cosmetics market is on a continuous growth track hat will indirectly influence the sales of tinted sunscreen products to new categories of customer base.
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With the growing consumer awareness and healthcare anxieties, sales of tinted sunscreen is gaining popularity as an essential ingredient in a wide range of skin care products. Tinted sunscreen is one such sunscreen products that protect the skin from ultraviolet long-wave (UVA) and ultraviolet shortwave (UVB) rays and also contain SPF for prolonged protection.
Growing penetration and consumption of multifunctional skin care among consumers, rise in demand for tinted sunscreen products, rapidly growing UV radiation level has increased the tinted sunscreen market share. An increase in demand for chemical-free ingredients in the beauty products are the factors influencing the sales of tinted sunscreen in the global market over the forecast years.
Moreover, developing research and development activities in skin care industry such as combining sunscreen with antioxidants such as vitamin C and vitamin E that minimize the sun effect on skin cells is anticipated to increase the sales of tinted sunscreen products. As well as a rise in do-it-yourself natural skin care products are predicted to create the substantial demand for tinted sunscreen in the coming years.
Also, significantly influx of novel sunscreen formulations and wide range of sunscreens in the skin care industry coupled with a rise in demand for sustainable products are some other factors fueling the demand for tinted sunscreen products during the forecast period.
However, banning of certain sunscreen chemicals, side-effects associated with products had a negative impact on the sales of tinted sunscreen products in the recent past. Availability of various types of counterfeit and cheap products in the market are some of the factors that may limit the sales of tinted sunscreen in the global market in the coming days.
Fierce competition among the different cosmetics manufacturing companies has severely fragmented the global demand for tinted sunscreen products limiting the profit margin of market players.
Principal Consultant
The demand for tinted sunscreen is anticipated to register significant growth across all the regions during the forecast period. The tinted sunscreen market is classified into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa.
North America is expected to be the leading region in the global tinted sunscreen market followed by Europe owing to the higher sales of tinted sunscreen products along with high consumer preference for beauty products containing natural ingredients in the region.
South Asia and East Asia tinted sunscreen market share is expected to account a healthy CAGR during the forecast period owing to the rise in consumer awareness pertaining to skincare. MEA is also likely to offer attractive opportunity with the higher demand for tinted sunscreen products in the coming years.
Sone of the key players in the global dry market includes Johnson & Johnson Consumer Inc., Australian Gold LLC, Sweetsation Therapy, Pierre Fabre Dermo-Cosmetique USA, Inc., Coola Suncare LLC, Tizo Company, Tarte Cosmetics, Unilever, First Aid Beauty Ltd., Boscia, LLC, Algenist Brands LLC, Colorescience, Inc., MD SolarSciences Corporation, L'Oréal S.A., MyChelle Dermaceuticals, LLC, SkinMedica Inc., Galderma Laboratories, L.P., Suntegrity Skincare Company, and others
Recent Developments in the Tinted Sunscreen Market
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.5% from 2022 to 2032 |
| Base Year of Estimation | 2021 |
| Historical Data | 2014 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Form Type, SPF Type, Source, Sales Channel, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Johnson & Johnson Consumer Inc.; Australian Gold LLC, Sweetsation Therapy; Pierre Fabre Dermo-Cosmetique USA, Inc.; Coola Suncare LLC; Tizo Company; Tarte Cosmetics, Unilever; First Aid Beauty Ltd.; Boscia, LLC; Algenist Brands LLC; Colorescience, Inc.; MD SolarSciences Corporation; L'Oréal S.A.; MyChelle Dermaceuticals, LLC; SkinMedica Inc.; Galderma Laboratories, L.P.; Suntegrity Skincare Company |
| Customization scope | Available Upon Request |
| Pricing and Purchase Option | Avail Customized purchase options to meet your exact research needs. |
The global tinted sunscreen market is likely to register a CAGR of 4.5% during the forecast period.
Key players holding substantial tinted sunscreen market share include Johnson & Johnson Consumer Inc., Australian Gold LLC, Sweetsation Therapy, Pierre Fabre Dermo-Cosmetique USA, Inc., Coola Suncare LLC, Tizo Company, Tarte Cosmetics, Unilever, First Aid Beauty Ltd., Boscia, LLC, Algenist Brands LLC, Colorescience, Inc., MD SolarSciences Corporation, L'Oréal S.A., MyChelle Dermaceuticals, LLC, SkinMedica Inc., Galderma Laboratories, L.P., Suntegrity Skincare Company, and others
As per the analysis, the tinted sunscreen market share is likely to be US$ 1.67 Bn by 2032.
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