The mineral sunscreen market size is US$ 1,470.3 Million in 2023 and is likely to attain a valuation of US$ 2,441.0 Million by 2033. The mineral sunscreen market share is projected to rise at a CAGR of 5.2% from 2023 to 2033.
The mineral sunscreen market is being heavily influenced by K-beauty and J-beauty trends. Korean and Japanese beauty products are famous for their cosmetic elegance, which includes a smooth non-oily surface. To meet consumers ’demand for soft, soothing sun tanning protection mineral-based sunscreens either matte or clear are becoming all the rage.
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Thanks to the globalization of Asian beauty trends on social media and e-commerce platforms, K-Beauty and J-beauty products – especially mineral sunscreens, whose exposure value requirements are high relative to other types of cosmetics–have become both recognized names abroad as well as entering everyday life. In general, the demand for these products in the market is rising as consumers are more aware of them and their advantages.
There are many chemical sunscreen ingredients such as avobenzone, oxybenzone and octinoxate which may irritate those with sensitive skin. Because mineral sunscreens consist only of benign physical blocks, they are hypoallergenic and less likely to cause skin irritation or produce allergies. More and more consumers are looking for sun protection that’s suitable to sensitive skin, so the market for mineral sunscreens is poised to expand.
Consumers are increasingly drawn to skincare products free of synthetic chemicals and pollutants, fueling the clean beauty movement. Mineral sunscreens fit this trend because they are made with all-natural UV-blocking agents like zinc oxide and titanium dioxide. Consumers prioritizing healthy and sustainable skincare are becoming more attracted to non-toxic, eco-friendly products, promoting sales of mineral sunscreens.
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“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.
Key Takeaways from Mineral Sunscreen Market Report
- 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 in the Mineral Sunscreen Market
- 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.
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
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 over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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