Rising Demand for Multi-Functional Skin Care Products to Benefit Suncare Powder Manufacturers

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Based on Fact.MR’s newly released report on suncare powder products, the global market is anticipated to be worth US$ 58.9 million in 2023 and expand at a CAGR of 6.5% from 2023 to 2033.

More consumers are using sunscreen powder instead of other forms of sunscreen such as lotions, creams, gel, etc., as it is a more convenient way to apply with the help of a dispensing brush without getting the hands messy. Moreover, powder sunscreen has been identified to be the best for sensitive skin mainly due to the use of mineral oxides along with its ability to adjust on acne-prone complexions.

Market players are focusing on developing their networks of digital sales as consumers, especially the millennial generation, are shifting their purchasing from offline to online modes due to the wide availability of options and various other benefits available as compared to offline markets.

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Key Takeaways from Market Study

  • By skin type, oily skin will hold a market share of 34.6% in 2023.
  • By sun protection factor (SPF), the between 30 to 50 SPF segment is projected to increase at a CAGR of 6.3% during 2023-2033.
  • Among the sales channels, offline sales will account for a dominating share of around 57.2% in 2023.
  • East Asia is expected to hold 19.8% share of the global suncare powder products market in 2023 and forecasted to reach US$ 23.9 million by the end of 2033.

“North America will be the largest consumer of suncare powder products with growing demand for skin care products with high levels of SPF,” says a Fact.MR analyst.

Market Development

The strategy of participants in the suncare powder products market has been to invest in the research and development of innovative and customized products, with special focus on keeping the prices in parity with alternate product options available in market.

To deliver innovative goods that are suited to the unique needs of end users and are sustainable, manufacturers should improve their manufacturing capacity. Additionally, suncare powder product manufacturers should continue to prioritize working with end users, as this will help them understand consumer needs and enable them to create solutions that are tailored to specific applications and markets across the world.

Suncare Powder Products Market

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