Question: How big is the sunscreen industry?

How large is the sunscreen market?

The global sun care products market size was USD 13.03 billion in 2019 and is projected to reach USD 16.84 billion by 2027, exhibiting a CAGR of 3.5% during the forecast period.

How much is the sun cream industry worth?

As of December 2020, the market for sun care products was worth more than 166 million British pounds.

Which country buys the most sunscreen?

Eight countries accounted for 70% of the consumption in dollar terms: Canada, France, Germany, Italy, Japan, Spain, the United Kingdom and the USA. For the category of sunscreens alone, the Euro- pean Union and the USA represent about 75% of the world wide market.

How much sunscreen is sold in the US?

From 2011 to 2016, the total number of sunscreen units sold in the United States increased from 153,870,186 to 161,882,779 (CAGR ¼ 1.0%).

What sunscreen is best?

Dermatologists recommend using a sunscreen with an SPF of at least 30, which blocks 97 percent of the sun’s UVB rays. Higher-number SPFs block slightly more of the sun’s UVB rays, but no sunscreen can block 100 percent of the sun’s UVB rays.

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Is the sunscreen market growing?

The market size of the Sunscreen Manufacturing industry is expected to increase 8.1% in 2021. … The market size of the Sunscreen Manufacturing industry in the US has grown 2.8% per year on average between 2016 and 2021.

How much money is spent on sunscreen per year?

Our estimates reveal that sunscreens are affordable with annual expenditures ranging from $30.21 to $61.94, depending on brand, for SPF 50 sunscreens used with minimal application density for the average person.

How much money does the sunscreen industry make?

The global sunscreen cream market size amounted to about 8.5 billion U.S. dollars in 2019, and was forecast to reach over 10.7 billion U.S dollars by 2024.

How much does it cost to manufacture sunscreen?

Product manufacturing

Cosmetic formulations can run anywhere from $0.10 per pound to $3 per pound but on average you can guess products will cost about $1 per pound. Packaging & labeling will cost another $1 per unit. Add in production and filling costs and your average per bottle cost will be about $2 – $3 per unit.

What state uses the most sunscreen?

According to a National Cancer Institute (NCI) report, only about 33.7% of adults regularly wear sunscreen with an SPF of 15 or greater.

Here’s the Top 17 in 2016:

  • Florida: 7.1%
  • Washington, D.C.: 5.8%
  • Connecticut: 5.6%
  • Maryland: 5.3%
  • Rhode Island: 5.3%
  • Vermont: 5.3%
  • North Carolina: 5.2%
  • New York: 5.0%

Do people in Spain use sunscreen?

In 2020, an estimated 7.5 million people used Nivéa Sun in Spain. Across Western Europe, the sun care market is worth hundreds of millions of U.S dollars. The total value of the market reached 613.1 million U.S dollars.

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How many sunscreen products are there?

Sunscreen products are often available in dozens of formulations from numerous companies, and it is estimated by FDA that over 11,000 sunscreen products are on market in the United States.

What company makes the most sunscreen?

Biggest companies in the Sunscreen Manufacturing industry in the US. The companies holding the largest market share in the Sunscreen Manufacturing industry include Edgewell Personal Care Co., Beiersdorf AG and Johnson & Johnson.

What is the supply and demand for sunscreen?

What is the supply & demand for sunscreen? The supply is high and the demand is low.