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Sun care active ingredients market ‘to grow 68% in ten years’

The global sun protection active ingredients market is expected to rise 68% to $1.370.3 billion by 2033, according to a new report by Fact.MR.

The value of the market this year is set to be $816.3m and annual growth over the next ten years will be 5.3%, it added.

China is forecast to see annual growth of 6.6% out to 2033, Europe 5.1% and the US 5.4%.

“The market for sun protection active ingredients has grown as a result of regional economic expansion and customer desire for high-quality cosmetics with longer shelf lives,” said a Fact.MR spokeswoman.

“This is expected to give the market an absolute dollar opportunity worth US$ 373.6 million between 2028-2033,” she added.

The Sun Protection Active Ingredient Market Outlook (2023 to 2033) report states titanium dioxide segment is expected to hold the prominent market share of 17.0% of the global target market.

Prominent sun protection active ingredients manufacturers, it says, include BASF, Symrise, DSM, Ashland, Sunjin Beauty Science, Croda, Salicylates and Chemicals, Clariant and Galaxy Surfactants.

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Upcoming Events

NYSCC Suppliers' Day 2024

Javits Center, New York
1st - 2nd May 2024

9th Anti-Ageing Skin Care Conference

Royal College of Physicians, London
25th - 26th June 2024

in-cosmetics Korea 2024

Hall C, Coex, Seoul, South Korea
24th - 26th July 2024

in-cosmetics Latin America 2024

São Paulo, Brazil
25th - 26th September 2024

IFSCC 2024

Recanto das Cataratas Thermas Resort, Iguazu Falls, Brazil
14th - 17th October 2024

SEPAWA

Estrel Congress Center, Berlin
16th - 18th October 2024

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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