Global Self Tanning Products Industry
Rising Disposable Income to Drive Self Tanning Products Market
The global self tanning products market is expected to set on an impressive growth trajectory during the forecast period. As per the latest report provided by QYResearch Group, there are several factors influencing such remarkable ascension in the global self tanning products market. Rising concerns regarding skin diseases and other health risks associated with sun exposure are primary factors boosting market growth for self tanning products.
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Other factors attributable to upscaling sales of self tanning products include its features such as easy to use and excellent provision of results. Improvements noted in the standard of living of consumers is also anticipated to fuel the demand for self tanning products market in the foreseeable future. Upscaling awareness towards the harmful effects of chemicals has encouraged users to incline more towards organic and natural products for self tanning. This, in turn, has led manufacturers to focus on research and development to introduce organic and chemical-free tanning products to the market. All these factors are projected to boost up the growth noted in the global self tanning products market.
Furthermore, the USA FDA has regulated certain stringent packaging regulations and also classified sun care products under the tags of cosmetics as well as drugs. This has led to higher adoption of self tanning products owing to a growing prevalence of skin-related illnesses which worsen due to sun exposure. These stringent regulations, coupled with the rising prevalence of skin disorders is anticipated to contribute heavily to market growth over the conjecture period.
Key Players
L’Oréal, Beiersdorf Aktiengesellschaft, Johnson & Johnson Services, Avon Products, Kao Corporation, Shiseido, The Procter & Gamble Company, The Estee Lauder Companies, Unilever, and Christian Dior are some of the leading producers and providers of self tanning products.
Market Segmentation
The global self tanning products market is studied for several segments to provide the reader with a detailed and specific analysis. Such segmentation is conducted on the basis of products, end-users, and region. Based on products, the global self tanning products market is segmented into creams and lotions, cleansers and foaming, spray, essential oils, and other products. Based on application, the global market for self tanning products is studied for the segments of drug stores, online stores, departmental stores, and convenience stores.
Detailed Regional Analysis
North America, South America, Asia Pacific, the Middle East & Africa, and Europe are the regional segments studied in the report on self tanning products. Europe dominated the global self tanning products market at the beginning of the forecast period and is estimated to retain its prime position in the market over the review period. Attributable factors include a sedentary lifestyle and an easy availability of skin care products. Further, increasing awareness towards advanced beauty products and a cultural backing towards tanning activities are other factors contributing to the ascension of the regional self tanning products market.
Asia Pacific is likely to witness the fastest CAGR over the forecast period. Such snowballing can be accredited to the increasing consumer awareness regarding the adverse effects of UV rays on the human skin.
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