Mineral Sunscreen Market: Introduction
- Mineral sunscreen are sunscreen with active minerals such as titanium dioxide or zinc dioxide. They act as sun ray barriers and avoids its harmful effects on the skin. Chemical sunscreens can cause health problems due to which mineral sunscreens are mostly preferred. Growing personal care industry and increasing awareness about skin cancer and other health issues is anticipated to encourage the global mineral sunscreen market in the coming years.
- Several countries in Europe and North America are showing significant surge in recreational or outdoor sports activities which is also boosting the demand for mineral sunscreen. Nowadays, consumers are more inclined toward using natural and organic products which is shifting demand toward mineral sunscreen. Several developing countries are also showing substantial growth in personal care product demand which is anticipated to be a supportive factor for the mineral sunscreen market.
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Key Drivers of the Global Mineral Sunscreen Market
- Increasing awareness about harmful effects of sun rays, especially UV rays, and growing concerns about skin cancer, premature aging, and other skin related disorders is fueling demand for mineral sunscreen. Governments are also adopting several rules and regulations pertaining to personal care products to ensure consumer safety and to avoid manufacturing of counterfeit products. This is also a positive factor for the growth of the mineral sunscreen market.
- Increasing preference for organic and natural personal care products across the globe is encouraging the mineral sunscreen market. Surging demand for multifunctional products is also a major trend driving market growth. Several developing countries are anticipated to be attractive markets for mineral sunscreen owing to increasing demand for personal care products.
- Leading companies manufacturing personal care products spend significant amounts on research and development to introduce new products according to consumer requirements and also focus on customer specific formulations of products which is also uplifting the market demand across the globe.
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Key Players Operating in the Global Market
The global mineral sunscreen market is moderately fragmented with several manufacturers across the globe, accounting for around 15% - 20% market share of the overall mineral sunscreen market. Low cost of production is leading to increasing number of small manufacturers entering the mineral sunscreen market. A few of the key manufacturers operating in the global mineral sunscreen market are:
- EltaMD, Inc.
- Sun Bum
- New Avon Company
- Johnson & Johnson Consumer Inc.
- La Roche-Posay
- Avalon Natural Products, Inc.
- J&JCI
- Australian Gold LLC
- Edgewell
- Goddess Garden
- Coppertone
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