Published Date: 12-May-22
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Self-tanning Products Market size is expected to reach $1.1 billion by 2027, rising at a market growth of 4.4% CAGR during the forecast period.
The Women market dominated the Global Self-tanning Products Market by End User 2020, thereby, achieving a market value of $761.3 million by 2027. In 2020, the women segment procured the largest revenue share of the market. The increasing growth of the segment is attributed to the constantly rising focus of women on their beauty as well as skincare. In addition, the rising disposable income of women across the world is also a major factor in the rising growth of this segment of the market. As the income of women rises, they become able to purchase self-care products. Due to this, the demand for various self-tanning products is increasing among women. Hence, the growth of this segment of the market is anticipated to increase over the forecast period.
The Gels segment is showcasing a CAGR of 4.6% during (2021 - 2027). This is due to the fact Gels offer a number of advantages, including the convenience of use, great moisturization, and hydration, all of which contribute to the product's expanding popularity. Non-greasy, quick-drying gels absorb quickly without smudging or staining, leaving no stains on clothes. Gel moisturizers, on the other hand, contain fewer moisturizing ingredients and oils when compared to cream moisturizers. In gel-based cosmetics, water molecules and hyaluronic acid capsules provide hydration without producing greasy residues on the skin's surface. These factors are augmenting the growth of this segment of the market.
The Supermarkets & Hypermarkets segment acquired maximum revenue share in the Global Self-tanning Products Market by Distribution Channel 2020, thereby, achieving a market value of $533.4 million by 2027. These are service superstores that offer a diverse selection of products in a single location, ranging from food, home supplies, and general retail to cosmetics and personal care products. Consumers are drawn to this distribution channel as a result of this. Moreover, the wide availability of several products from a broad range of manufacturers is also playing a key role in the increasing growth of this segment of the market.
The Europe market dominated the Global Self-tanning Products Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $387.5 million by 2027. The Asia Pacific market is estimated to witness a CAGR of 4.5% during (2021 - 2027). Additionally, The North America market would exhibit a CAGR of 4.2% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Avon Products, Inc., Shiseido Company, Limited, Clarins Group SA, L'Oreal Group, Estee Lauder Companies, Inc., Johnson & Johnson, Unilever PLC, Kao Corporation, Beiersdorf AG, and PZ Cussons plc.
By End User
By Distribution Channel
Unique Offerings from KBV Research