Latest News- Self-Tan Products Market: Supermarkets and hypermarkets is expected to lead the Distribution Channel segment during 2024-2028

The Self-Tan Products Market is being driven by Availability of self-tan products with multiple benefits

The Self-Tan Products Market is expected to grow at a CAGR of 4.42% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 199.9 million. The self-tan market is witnessing a significant shift towards natural and organic product offerings, as consumers prioritize safety and superior quality. Traditional self-tan products, often composed of synthetic ingredients, may pose potential harm to the skin. In response, leading manufacturers such as L'Oreal Group and Unilever are introducing natural and organic self-tan solutions to expand their market presence. Ecocert-approved components, including DHA, food-grade preservatives, and organic ingredients like argan oil, jojoba oil, coconut oil, shea butter, Monoi de Tahiti oil, black tea extract, aloe vera gel, and raw honey, are gaining popularity due to their suitability for all skin types and minimal harmful effects. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Supermarkets and hypermarkets
  • Convenience stores
  • Online
• Product
  • Lotions
  • Gels
  • Others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Availability of self-tan products with multiple benefits
• Rising awareness about disadvantages and harmful health effects of natural tanning
• Increase in regulatory initiatives discouraging artificial tanning salons

However, the market also witnesses some limitations, which are as follows:

• Increasing substitutes for commercially manufactured self-tan products
• Strict regulations on self-tan products and their ingredients
• Preference for natural tanning among mass consumers

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Market Scope in Self-Tan Products Market Research Report

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Research Analysis Overview

The self-tan market continues to evolve, offering consumers realistic and safe tanning options that don't involve harmful UV radiation. Advanced self-tanning products now contain antioxidants, fruit extracts, essential oils, and vitamins, enhancing their benefits beyond just a sun-kissed glow. These ingredients provide instant hydration, reduced breakouts, and refreshed skin. Sunless tanners come in various forms, including gels and lotions, catering to diverse preferences. While some may worry about health risks and skin diseases associated with excessive sun exposure and UVB/UVA, self-tanning offers a long-term aesthetic solution without the harmful side effects. Innovative self-tanning offerings include those infused with natural ingredients like coffee beans, green tea, and aloe vera, providing an all-natural, sunless tanning experience. Online distribution has made it easier for consumers to access these cosmetic offerings, ensuring convenience and affordability. However, it's essential to remember that not all self-tanning products are created equal. Always choose reputable brands that prioritize safety and use high-quality, non-toxic ingredients to minimize potential health concerns.

Market Research Overview

The global market for household and personal care products encompasses the sector involved in the research, development, and manufacturing of a wide array of items, including cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses. According to Technavio's market analysis, the market's size is determined by the consolidated revenue generated by the industry's leading players. Factors driving growth in this sector include the positive correlation between disposable income and discretionary spending, which encompasses 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
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/