SAN FRANCISCO, Sept. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "After Sun Care Products - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 1279
Companies: 40 - Players covered include Avon Products, Inc.; Beiersdorf AG; Bioderma Laboratories; Burt`s Bees, Inc.; Christian Dior SE; Clarins S.A; Coty Inc.; Estee Lauder Companies Inc. (The); Johnson & Johnson Services, Inc.; Kao Corporation; Lancaster Group; L'Oréal S.A.; Procter & Gamble Company (The); Revlon, Inc.; Shiseido Company, Limited; Unilever PLC and Others.
Coverage: All major geographies and key segments
Segments: Type (Lotion, Cream, Gel, Powder, Spray, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global After Sun Care Products Market to Reach $2.8 Billion by 2026
Amid the COVID-19 crisis, the global market for After Sun Care Products estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2026, growing at a CAGR of 3.1% over the analysis period. Lotion, one of the segments analyzed in the report, is projected to record a 3.1% CAGR and reach US$822.8 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cream segment is readjusted to a revised 3.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $643.9 Million in 2021, While China is Forecast to Reach $533.8 Million by 2026
The After Sun Care Products market in the U.S. is estimated at US$643.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$533.8 Million by the year 2026 trailing a CAGR of 5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.
Gel Segment to Reach US$426.5 Million by the year 2026
In the global Gel segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$263.1 Million in the year 2020 will reach a projected size of US$329.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.