Global Sports Sun Care Market Industry Trends, Opportunities, Estimation & Forecast, 2019-2027
The market of sports sun care is becoming profitable by an increase in the sports activities globally. This sports sun care constitutes of different offerings such as wipes, creams, lip balms, gels, lotions, and sprays with sun protection factor ranges. Some of the key factors playing prominent role in the growth of the global sports sun care market constitutes of increasing demand of self-tanning products, growing awareness on toxic impacts of ultraviolet rays, and it has stimulated the growth of organic and natural personal care products. There are adverse impacts of the ultraviolet rays which may lead to the chemical hypersensitivity, erythema, and change of the immune system of the skin, sunburn, damage to the eye, photo damage, and photo carcinogenesis, etc. are encouraging the demand of sports sun care. Such adversities could be treated by the application of sun care products.
“Global Sports Sun Care Market was Valued at US$ Sports Sun Care Bn in 2018 and it is Expected to Reach More than US$ 2.7 Bn by 2027, Likely to Grow with the CAGR of 5.4% During the Forecast Period”
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Lotions and sprays are dominant in the sports sun care market encouraging the manufacturing the market growth of these products. These offerings exhibit sweat and water resistant supporting to the higher demand for these products in the global market. These products are well recognized by the athletes and swimmers along with others sports that are encouraging the demand for the sports sun care market. But the sun care cream are projected to have a stagnant growth for these products during the forecast period.
Asia Pacific region is accounts for the increased demand for the sports sun care market because of the presence of the various players in this region. It is especially because of the presence of the high temperature in this region stimulating the growth of sports sun care market. The regions climatic conditions are playing considerable role in the market growth of sports sun care market.
The market of sports sun care is highly competitive in nature because of the presence of numerous players thus the market is fragmented in nature. There is also good penetration rate of these offerings enabling the new entrants to attain considerable market share in the global market.
Prominent players operating in this sports sun care market includes as follows: VLCC Personal Care, Fresh LLC., Shiseido Co., Ltd., Coppertone, COOLA LLC., Banana Boat, EltaMD., Inc., Solskyn Personal Care LLC., and La Roche-Posay
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
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