The mineral sunscreen market size is US$ 1,470.3 Million in 2023 and is likely to attain a valuation of US$ 2,441.0 Million by 2033. The mineral sunscreen market share is projected to rise at a CAGR of 5.2% from 2023 to 2033.
K-beauty and J-beauty trends are substantially influencing the mineral sunscreen market growth. Beauty products from Korea and Japan are renowned for their cosmetic elegance, which includes a smooth and non-greasy finish. In order to satisfy consumer's need for soothing sun protection, mineral sunscreens with a matte or transparent finish are gaining popularity.
The exposure and accessibility of K-Beauty and J-Beauty products, especially mineral sunscreens, have expanded due to the globalization of Asian beauty trends via social media and e-commerce platforms. The market demand is rising largely due to consumers' greater awareness of these products and their advantages.
Avobenzone, oxybenzone, and octinoxate are common chemical sunscreen ingredients that may irritate those with sensitive skin. Mineral sunscreens are hypoallergenic and less prone to irritate the skin or produce allergy reactions because they are made of benign physical blocks. The market for mineral sunscreens continues to expand as more consumers look for sun protection options suitable for their sensitive skin.
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Consumers are increasingly drawn to skincare products free of synthetic chemicals and pollutants, fueling the clean beauty movement. Mineral sunscreens fit this trend because they are made with all-natural UV-blocking agents like zinc oxide and titanium dioxide. Consumers prioritizing healthy and sustainable skincare are becoming more attracted to non-toxic, eco-friendly products, promoting sales of mineral sunscreens.
Key Takeaways from Mineral Sunscreen Market Report
In 2018, the global market size stood at US$ 1,145.5 million.
In 2022, the global market size stood at US$ 1,403 million.
Canada’s mineral sunscreen market share is 4.3% in 2023.
Australia’s mineral sunscreen market share is 2% in 2023.
India’s mineral sunscreen market share is 4.5% in 2023.
China’s mineral sunscreen market share is 6.1% in 2023.
In 2023, the direct sales channel segment captured an 8.66% share of the mineral sunscreen industry.
In 2023, the dry skin type segment captured nearly 26.99% of the mineral sunscreen market shares.
Key Players in the Mineral Sunscreen Market
Neutrogena
EltaMD Inc.
Sun Bum
Johnson Johnson Consumer Inc.
La Roche-Posay
