The global self-tanning products market is expected to have a net worth of around US$ 1,142 million by 2023. The self-tanning goods market is expected to grow at a compound annual growth rate (CAGR) of 5.9% between 2023 and 2033, according to a forecast made by FMI. It is projected that the global market for self-tanning goods will be valued at US$ 2,026 million by 2033 if the current rapid development rate is maintained.
The self-tanning product reduces the risk of skin cancer caused by conventional tanning, which has a significant risk. FMI analyses the growth and investment opportunities for global self-tanning product manufacturers with a special focus on the United States region.
Economic progress in the nations of South America has increased spending on cosmetics which could have a positive impact on the United States market expansion. Tape Tan is a well-known organic skincare product producer in Brazil and has a large selection of self-tanners with natural intensifiers.
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Market Growth:
- Steady and consistent growth: The global self-tanning products market is expected to see steady growth in the coming years, with estimates ranging from s to expand at a CAGR of 5.9% during the period from 2023 to 2033. This indicates a stable and expanding market.
- Rising awareness: Consumers are increasingly aware of the harmful effects of sun exposure, driving them towards safer alternatives like self-tanning products.
- Skincare focus: Growing focus on self-care and healthy skin routines contributes to the market’s rise, with self-tanning seen as a way to achieve a tanned look without sun damage.
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Competitive Landscape for the Self-tanning Products Market Players
Bondi Sands, L’Oréal, and St Tropez are some renowned brands that compete in the international market for self-tanning products. These market participants are concentrating on offering high-quality items to satisfy the demand for self-tanning from global consumers.
Development and marketing of specific self-tanning solutions based on regional demand would positively impact market growth. Moreover, they are concentrating on tactics like acquiring regional businesses and expenditures in research and development to expand the self-tanning products business.
Recent Developments by the Self-tanning Products Industries
It is projected that endorsement by celebrities might promote their product n in turn significantly accelerate market growth. To illustrate, St. Tropez partnered with American model and TV host Ashley Graham in April 2021 to introduce sunless tanning products.
Tess Holiday, the famous plus-size supermodel, teamed up with the celebrity spray self-tanner producer, “Island of Paradise” in July 2019. The company proclaimed this collaboration as an intent to meet consumer demand for skin-glow-enhancing products including sunless tanners.
BONDI Sands Pty Ltd. introduced an eco-friendly, true self-tanner with 100% sustainable packaging in January 2021. Bondi Sands Pure Gradual Tanning Lotion, Pure Self-tanning Sleep Mask, and Pure Self-tanning Drops are among the available products.
According to Health Club Management information, Clarins increased its outreach in Europe by opening new boutique retail locations in May 2021.
Key Segments Covered by Self-tanning Products Industry Survey Report
Self-tanning Products Industry by Product Type:
- Body Tanner
- Face Tanner
Self-tanning Products Industry by Product Form:
- Self-tan Cream & Lotion
- Self-tan Gels
- Self-tan Spray
- Self-tan Oil
- Self-tan Serum
- Self-tan Mousse
- Self-tan Mist
- Self-tan Drops
- Self-tan Wipes
- Other Self-tan Products
Self-tanning Products Industry by Skin Type:
- Normal Skin
- Dry Skin
- Oily Skin
- Combination Skin
- Sensitive Skin
- Other Skin Types
Self-tanning Products Industry by Skin Tone:
- Very Light Tone
- Light Tone
- Medium Tone
- Deep Tone
- Very Deep Tone
Self-tanning Products Industry by Ingredients:
- Conventional or Inorganic
- Organic or Natural
Self-tanning Products Industry by Application:
- Men
- Women
- Unisex
Self-tanning Products Industry by Distribution Channel
- Supermarkets or Hypermarkets
- Convenience Stores
- Brand Outlets
- Online Sales
- Others
Self-tanning Products Industry by End-user:
- Personal Care
- Spas & Salons
- Beauty Clinics
- Others
Self-tanning Products Industry by Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia and Pacific Market
- The Middle East and Africa (MEA) Market
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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