The current situation of the sunscreen market is revealed: new trends, raw material changes and analysis of the competition among the best suppliers.
This article explains "Sun Protection: An Important Step in the Fight Against Photoaging", which is more than 30 pages long, and more highlights and key points can be found in the original report and attached at the end of the article.
Explain the main idea of this report.
Based on an in-depth analysis of the development trend of sunscreens, this paper studies the penetration rate of different categories of sunscreen concepts and the evolution of sunscreen raw materials and the market performance of raw material manufacturers. With the continuous improvement of people's sunscreen concept, the current sunscreen market is developing towards the trend of specialization, diversification of efficacy and segmentation of people, which is expected to be a new growth point for various brand merchants. The evolution of sunscreen raw materials and the sales performance of manufacturers are also the main factors for the development of the sunscreen market in the future.
1.Consumers' growing awareness of sunscreen products has boosted product penetration.
With the increasing emphasis on sunscreens, the market penetration of sunscreens is expected to continue to increase. The peak consumption season is approaching, and it is necessary to pay close attention to the catalytic effect of the market. Sun protection is both a way to protect against UV rays and an effective way to prevent photoaging. In recent years, sunscreen products have developed rapidly, and the penetration rate is expected to continue to increase in the future. We recommend focusing on the leading raw material manufacturers in sunscreen raw materials, and companies with outstanding performance in sunscreen raw materials.
2.There is a new development trend in the global sunscreen industry.
Under the exposure of sunlight, people gradually realize that sunlight is an important cause of aging. Therefore, the current sunscreen market is undergoing new changes. Referring to the performance of leading companies in the industry, there is still room for improvement in the current penetration rate of sunscreen products. By 2030, the global demand for sunscreens will be as high as 43.6 billion, and the demand for sunscreens will be as high as 1.5 billion.
The global competition for sunscreen products will become even more intense.
The competition for sunscreen products will continue until 2024. The significant increase in the number of applications for sunscreen registration in 2023 means that more sunscreen products will enter new markets in 2024, which will drive the rapid development of sunscreen products. As H1 is the peak season for the sunscreen industry, major brands have released new products one after another, and it is expected that in the important promotion stage, sunscreen products will bring considerable sales to major brands.
4.The evolution of raw materials for sunscreen products.
There are many types of raw materials for sunscreens, and there is a certain synergy between different types. Due to its excellent characteristics, it has received extensive attention in its future development, and the demand for its downstream products is also increasing rapidly. Although the growth rate of conventional sunscreen products in China is slow, it still occupies a large share.
5.Producers of raw materials for sunscreen products are benefiting from the growth of the market.
In terms of raw materials for sunscreen products, Kesi Co., Ltd., Hubei Nanfeng, Yidu Huayang, and Chongqing Walken are among the leaders. Thanks to the rapid development of the new product market and the stabilization of conventional sunscreen products**, the performance of these companies is expected to continue to grow. "One super" enterprises have occupied a certain dominant position in the market, and small and medium-sized enterprises are constantly engaged in fierce competition.
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