The tinted sunscreen market is on a promising trajectory, with expectations to grow from an estimated value of USD 930 million in 2021 to a remarkable USD 1.67 billion by 2032, representing a compound annual growth rate (CAGR) of 4.5% during the forecast period. This significant growth is largely driven by the increasing consumer demand for effective sun protection combined with complexion enhancement.
Market Dynamics
The rise in awareness about the harmful effects of UV radiation has led to a surge in demand for innovative sun protection products. Tinted sunscreens, which provide both sun safety and cosmetic benefits, are becoming essential in skincare routines across diverse demographics. The advancement in sunscreen technology has expanded the variety of products available, catering to consumers looking for effective UV protection and skin tone enhancement.
Moreover, the shift towards clean beauty is influencing the market, as consumers increasingly favor products that use safe, organic ingredients. The inclusion of carbon-based compounds like oxybenzone and octinoxate in formulations is helping to meet this demand, enhancing the appeal of tinted sunscreens.
Key Trends and Opportunities
Several factors are set to fuel the growth of the tinted sunscreen market:
- Increased Awareness: Growing consumer education regarding skincare and sun safety is driving sales.
- Demand for Multifunctional Products: Consumers are gravitating towards products that offer multiple benefits, including UV protection and skin tone enhancement.
- Natural Ingredients: The rising preference for chemical-free and organic ingredients is influencing buying decisions, with consumers seeking tinted sunscreens that align with their values.
- Innovation and R&D: Ongoing research in the skincare industry, focusing on combining sunscreen with antioxidants like vitamins C and E, is anticipated to boost sales.
- Sustainable Choices: A growing demand for sustainable and environmentally friendly products is propelling market growth.
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Key Companies Profiled
Johnson & Johnson Consumer Inc.; Australian Gold LLC, Sweetsation Therapy; Pierre Fabre Dermo-Cosmetique USA, Inc.; Coola Suncare LLC; Tizo Company; Tarte Cosmetics, Unilever; First Aid Beauty Ltd.; Boscia, LLC; Algenist Brands LLC; Colorescience, Inc.; MD SolarSciences Corporation; L’Oréal S.A.; MyChelle Dermaceuticals, LLC; SkinMedica Inc.; Galderma Laboratories, L.P.; Suntegrity Skincare Company
Recent Developments in the Tinted Sunscreen Market
- In 2019, Food & Drug Administration (FDA) of US recognized the zinc oxide and titanium oxide as safe and effective for blocking the UV rays. This recognition is anticipated to increase the sales of tinted sunscreen containing these two ingredients.
- In October 2021, Tower 28 launched its new product named Sunny Days SPF 30 that received the National Eczema Association’s seal of acceptance. This development is anticipated to increase the demand for tinted sunscreens among the eczema patients as well.
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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