The After Sunburn Care Products Market is being driven by Adverse effects of exposure to UV radiation caused by global warming
The After Sunburn Care Products Market is expected to grow at a CAGR of 6.34% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 530.2 million. The after sunburn care market is witnessing a significant trend towards the use of natural and organic ingredients. These ingredients, which include extra virgin olive oil, beeswax, jojoba oil, organic coconut oil, organic shea butter, organic mango butter, organic cocoa butter, beeswax, green tea extract, eucalyptus oil, sunflower seed oil, cucumber fruit extract, aloe vera gel, and raw honey, are favored for their safety, lack of harmful side effects, and superior quality compared to synthetic alternatives. This trend is expected to persist throughout the forecast period, as consumers increasingly prioritize natural and organic options for post-sunburn care.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.34% |
Market growth 2024-2028 |
USD 530.2 million |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
5.86 |
Key countries |
US, Germany, China, France, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The after sunburn care products market is witnessing significant growth due to the increasing awareness about skin health and the rising number of sunburn cases. However, the production of these products comes with environmental concerns, particularly in relation to the wastewater generated during their manufacturing process. This wastewater may contain chemical additives, radionuclides, hazardous metals, salts, and dissolved solids, which can pose risks to both surface water and groundwater if not properly treated. The energy sector, including fuel production from crude oil and natural gas, is a major contributor to this issue. Hydrocarbon discoveries through hydraulic fracking techniques and horizontal drilling have led to an increase in drilling projects, resulting in large volumes of wastewater. This wastewater may contain hydrocarbons, fuel, and other chemical constituents that can contaminate groundwater if not treated properly. Moreover, the use of biofuels and wastewater reuse in the energy sector also generates wastewater that requires treatment before disposal. Water shortage is another factor driving the need for efficient wastewater treatment in various industries, including energy and personal care. Pathogens and chemical constituents in untreated wastewater can pose health risks to humans and the environment. Therefore, it is crucial to invest in advanced wastewater treatment technologies to ensure environmental efficiency and prevent groundwater contamination. The natural gas market and water recycling industries are also adopting these technologies to minimize their environmental footprint.
The global market for household and personal care products encompasses the sector involved in the research, development, and manufacturing of various personal and beauty care items, such as cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses, among others. According to Technavio, the market size is determined by the consolidated revenue generated by the industry's leading players. Factors driving the expansion of this market include the rise in disposable income, which positively influences discretionary spending, encompassing expenditures on luxury and lifestyle-related products. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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