United States Sun Care Products Market Size Expands at Significant CAGR to Touch USD 3.8 Billion by 2030

Published | 27 September 2024

United States Sun Care Products Market is thriving due to growing awareness about skin cancer products, a spurring demand for multifunctional products, advancements in product formulations, and an expanding consumer base.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Sun Care Products Market size by value at USD 2.65 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Sun Care Products Market size to expand at a CAGR of 5.37% reaching a value of USD 3.79 billion in 2030. The driving factors for the United States Sun Care Products Market include growing awareness about skin cancer and UV-induced skin damage, rising consumer preference for organic and natural ingredients, and growing adoption of skincare routines incorporating sun protection. The market growth is also boosted by the expanding outdoor lifestyle, sports, and travel activities, along with advancements in product formulations offering multi-functional benefits like hydration and anti-aging. Additionally, marketing strategies and endorsements by influencers further fuel market growth.

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Opportunity – Development of Specialized Sun Care Products

Development of specialized sun care products is a key growth driver for United States Sun Care Products Market. Innovations such as advanced formulations with enhanced UV protection, anti-aging benefits, and water-resistant properties cater to specific consumer needs. Personalized sun care solutions, including those targeting sensitive skin or offering added skincare benefits, drive increased consumer interest and demand. The trend not only boosts product differentiation but also fosters brand loyalty and market expansion.

Impact of Escalating Geopolitical Tensions on United States Sun Care Products Market

Escalating geopolitical tensions can disrupt the United States Sun Care Products Market by causing supply chain interruptions, increasing raw material costs, and affecting international trade agreements. These disruptions may lead to higher product prices and shortages. Additionally, geopolitical instability can impact consumer confidence and spending patterns, potentially reducing demand for non-essential items like sun care products. Companies may also face regulatory changes and market uncertainties, influencing their strategic planning and market dynamics.

Lotion Segment Holds Largest Share of US Market by Form

The lotion segment is the largest in United States Sun Care Products Market by form. Lotions are preferred due to their ease of application, effective sun protection, and moisturizing properties, which appeal to a broad consumer base. Lotion segment’s leadership position is driven by high demand for multi-functional products that offer sun protection along with skincare benefits. The popularity of lotions is further bolstered by diverse product offerings, including options with various SPF levels and formulations. The other major segments in United States Sun Care Products Market by form include cream, gel, and spray.

Competitive Landscape

United States Sun Care Products Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include The Procter & Gamble (P&G) Company, L’Oréal SA, Unilever Plc, Johnson & Johnson Services, Inc., Shiseido Co., Ltd., Beiersdorf, Inc., The Estée Lauder Companies Inc., Groupe Clarins, The Avon Company, and Coty, Inc. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in United States Sun Care Products Market.

Don’t miss the business opportunity United States Sun Care Products Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of United States Sun Care Products Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in United States Sun Care Products Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the Market.

Scope of the Report

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