Thursday, 13 June 2019

U.S. Sun Care Market is Projected to Boost USD 2.68 Billion by 2025


The U.S.sun care market size is expected to reach USD 2.68 billion by 2025, according to a new report by Grand View Research, Inc. The growing emphasis on personal health coupled with rising instances of skin care due to over exposure is giving momentum to the usage of organic sun care products thereby propelling the market growth.

Growing demand for organic sun care products including sunscreen is expected to drive the product’s demand. Furthermore, the rising demand for the organic products over non-organic sun care products owing to the elimination of synthetic chemicals is projected to fuel the market growth over the forecast period.
The rising e-commerce portals or websites result in an ease of the product purchase with diverse companies providing price discounts. In addition, the new entrants stand a chance to market their product and reach greater and targeted audiences. Moreover, the product is expected to register an increase in demand owing to rise in a number of these portals and end-user usage.
The industry is characterized by the presence of stringent regulatory frameworks associated with the chemical composition utilized in the production sun care products. Paraaminobenzoic acid (PABA) was used as a UV absorbing but it is banned owing to the chemical causing skin irritation and is currently swapped bya derivative of PABA, Padimate-O.
Access Research Report of U.S. Sun Care Market@ https://www.grandviewresearch.com/industry-analysis/us-sun-care-market

Further key findings from the report suggest:
·       Self-tanning sun care products are expected to record the highest growth at a CAGR of 4.8% from 2017 to 2025, owing to prevalent awareness of adverse impacts of ultraviolet rays
·       The increasing prevalence of non-melanoma and melanoma cancers throughout the U.S. is expected to drive the industry growth over the next eight years
·       SPF 30 to 50, a type of sun protection product is expected to register high growth at a CAGR of 4.1% from 2017 to 2025 owing to rising prolonged exposure to UV rays
·       Key industry players such as L’Oréal are involving in the vertical integration of the company in order to reduce the operational and production cost thereby maximizing profit
Grand View Research has segmented the U.S. sun care market on the basis of product:
Product Outlook (USD Million; 2014 - 2025)
·         Self-tanning
·         After sun
·         Sun protection
o    SPF 15 and below
o    SPF 15 to 30
o    SPF 30 to 50
o    SPF 50 and above
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com

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