The sun protection landscape is experiencing a seismic shift, with the mineral sunscreen market poised to reach a radiant US$ 2,441.0 million by 2033. This market, driven by a CAGR of 5.2%, presents a golden opportunity for industry leaders to illuminate a brighter future for sun care. Here’s why you should be part of this sun-sational growth:
Smart Protection for Savvy Consumers:
- Adaptive Technology: The Cutting Edge of Sun Defense: Consumers are demanding smarter products. Cutting-edge mineral sunscreens with adaptive technology are revolutionizing sun protection. These sunscreens can detect UV radiation levels and adjust their level of protection, offering both powerful defense in harsh sunlight and a lighter touch for everyday wear.
Get your Sample Report Here: https://www.futuremarketinsights.com/reports/sample/rep-gb-12226
- Clean Beauty Takes Center Stage: The clean beauty movement is sweeping the industry, and mineral sunscreens are perfectly positioned to capitalize. By harnessing the power of plant-based, organic, and sustainably sourced ingredients, you can cater to the growing demand for natural, non-irritating sun protection.
- Gender-Neutral Appeal: Expanding Your Market Reach: The concept of gender-neutral beauty is reshaping the industry. Embrace this trend by developing and marketing sunscreens that cater to all genders, breaking free from traditional stereotypes and expanding your customer base.
- The Rise of CBD and Hemp: The popularity of CBD and hemp-based products is on the upswing in the mineral sunscreen market. Leverage the potential soothing and anti-inflammatory properties of these ingredients to offer unique sunscreens that address specific skin concerns.
Competitive Edge for Visionary Leaders:
This dynamic market rewards innovation and strategic thinking:
- Invest in Advanced Research: Develop cutting-edge mineral sunscreen formulas with adaptive technology to stay ahead of the curve and offer the best possible protection to your customers.
- Embrace Clean Beauty Principles: Source high-quality, natural ingredients that align with the clean beauty movement. This will resonate with eco-conscious consumers and position your brand as a leader in responsible sun protection.
- Promote Inclusivity: Develop gender-neutral marketing campaigns and product lines that are welcoming to all. This will broaden your market reach and project a progressive brand image.
- Explore the Potential of CBD and Hemp: Carefully evaluate and incorporate CBD and hemp into your product lines, ensuring compliance with safety regulations while offering unique benefits to your customers.
“The mineral sunscreen market is on a trajectory of rapid growth due to distinct factors converging together—the clean beauty movement, sustainability conscience, health concerns, and expert endorsements. In the near future, market growth is anticipated as long as customers continue to prioritize efficient, secure, and environmentally responsible sun protection,” says an FMI analyst.
Request the Full Report Methodology Now!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12226
Key Takeaways:
- In 2018, the global market size stood at US$ 1,145.5 million.
- In 2022, the global market size stood at US$ 1,403 million.
- Canada’s mineral sunscreen market share is 3% in 2023.
- Australia’s mineral sunscreen market share is 2% in 2023.
- India’s mineral sunscreen market share is 5% in 2023.
- China’s mineral sunscreen market share is 1% in 2023.
- In 2023, the direct sales channel segment captured an 66% share of the mineral sunscreen industry.
- In 2023, the dry skin type segment captured nearly 99% of the mineral sunscreen market shares.
Key Players:
- Neutrogena
- EltaMD Inc.
- Sun Bum
- Johnson & Johnson Consumer Inc.
- La Roche-Posay
- Avalon Natural Products Inc.
- J&JCI
- Australian Gold LLC
- Edgewall
- Goddess Garden
- Coppertone
- Drunk Elephant
- BeautyCorner
Recent Developments in the Mineral Sunscreen Market
- Glenmark Pharmaceuticals launched La Shield in 2012. Over the years, the brand grew its portfolio to offer a range of mineral sunscreens that cater to different skin types.
- Chennai-based CHOSEN® has launched six mineral-based sunscreens under the banner of SAFESCREEN™ to suit Indian skin types. The sunscreens are made of 80-90 percent natural ingredients and have high SPF perfect for Indian skin types ranging from 30 to 50+ and a high PA of ++++ rating.
- Croda has become an R&D partner with Entekno Materials for solar protection, featuring the upcoming mineral sunscreen line Solaveil MicNo. The partnership is focused on driving innovation and delivering natural and safe inorganic sunscreens to the market.
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/12226
Market Segmentation
By Skin Type:
- Dry
- Oily
- Sensitive
Sun Protection Factor:
- Up to 29 SPF
- 30 SPF to 49 SPF
- 50 SPF to 69 SPF
- 70 SPF and more
By Consumer Orientation:
- Male
- Female
- Unisex
By Nature:
- Natural
- Organic
- Synthetic
Price Range:
- Economy/Mid-Range
- Premium
Age:
- Adult
- Children
Sales Channel:
- Direct
- Indirect
- Supermarkets/Hypermarkets
- Convenience Stores
- Independent Small Stores
- Discounted Stores
- Online Sales Channel
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
