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Mineral Sunscreen Market Value to Reach US$ 1.6 Bn by 2031, Transparency Market Research, Inc.

WILMINGTON, DE / ACCESSWIRE / January 26, 2023 / Transparency Market Research Inc. - According to a TMR study, the global Mineral Sunscreen Market is expected to grow at a CAGR of 5.4% during the forecast period from 2022 to 2031.

Transparency Market Research inc., Thursday, January 26, 2023, Press release picture

Mineral sunscreens are products containing active minerals such as zinc dioxide and titanium dioxide. Mineral sunscreens find demand among both men and women. Some of the products that have witnessed high demand include cream, lotion, and gel. Mineral sunscreens are suitable to be used on several skin types such as oily, normal, sensitive, and dry.

Mineral sunscreen is also referred to as physical sunscreen since they act as a physical blocker between the sun's rays and the skin.

New product launches are helping prominent Mineral Sunscreen Market players in gaining an edge over competitors and in generating revenue. In January 2023, CosMedical Technologies announced the launch of a new mineral sunscreen that offers protection from environmental pollution, light, UVA, and UVB. Leading players are collaborating with other players to expand their market presence and increase revenue share.

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Key Findings of Study

  • Increase in Demand for Mineral Sunscreen with Natural Ingredients: Demand for mineral sunscreen products is rising due to an increase in consumer preference for natural personal care and organic products. Some of the natural ingredients used to produce mineral sunscreen are alumina, cucumber fruit extract, and tea leaves. A surge in the availability of mineral sunscreens with natural ingredients is likely to help fuel product demand during the forecast period. Additionally, a rise in the number of influencers promoting the product on various social media channels is likely to trigger the demand for mineral sunscreens, and in turn, expand market size.
  • Rise in Need to Stay Protected from UV Rays: Consumers across the globe are purchasing mineral sunscreens to protect themselves from harmful ultraviolet rays due to an increase in prevalence and awareness about skin allergies. Demand for mineral sunscreens rich in Vitamin-E content is expected to be high during the forecast period, as the product is most suitable for reversing the effects of aging by reducing the damage of ultraviolet rays on the skin.

Mineral Sunscreen Market - Key Drivers

  • An increase in awareness about skin cancer across the world is anticipated to drive the Mineral Sunscreen Market during the forecast period
  • A rise in consumer participation in outdoor activities is estimated to propel the market
  • Growth of the personal care industry is projected to fuel business expansion during the forecast period

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Mineral Sunscreen Market - Regional Landscape

  • North America is likely to account for the dominant market share during the forecast period. A rise in demand for organic and natural mineral sunscreen products in countries such as the U.S. and Canada is expected to bolster market development in the region
  • Asia Pacific is likely to witness significant growth during the forecast period due to a rise in customer demand for premium products with natural ingredients in countries such as Japan

Mineral Sunscreen Market - Key Players

The global market is competitive, with the presence of a large number of international and local companies. The entry of new players is likely to increase the intensity of competition during the forecast period.

Key players operating in the market are

  • Johnson & Johnson Consumer, Inc.,
  • New Avon Company,
  • Supergoop,
  • Estee Lauder, and Goddess Garden.

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The global Mineral Sunscreen Market is segmented as follows:

  • Product Type
    • Cream
    • Lotion
    • Gel
    • Others (spray, foam, powder, etc.)
  • Skin Type
    • Sensitive
    • Normal
    • Oily
    • Dry
    • Combination
  • Sun Protection Factor (SPF)
    • Up to SPF 29
    • SPF 30 to SPF 49
    • SPF 50 and More
  • Consumer Group
    • Men
    • Women
    • Unisex
  • Price Range
    • Low
    • Medium
    • High
  • Distribution Channel
    • Online
    • Offline
  • Regions Covered
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America

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About Transparency Market Research

Transparency Market Research, a global market research company registered in Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analyzed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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Website: https://www.transparencymarketresearch.com
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Email: sales@transparencymarketresearch.com

SOURCE: Transparency Market Research inc.



View source version on accesswire.com:
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