The global mineral sunscreen market has shown significant growth over recent years, reaching a value of approximately USD 1.33 billion in 2023. This market is projected to grow at a compound annual growth rate (CAGR) of 5.3% between 2024 and 2032, ultimately reaching an estimated USD 2.11 billion by 2032. This expansion is driven by increasing awareness of the health risks associated with sun exposure, rising outdoor activities, and a growing preference for environmentally friendly and safe skincare products.
Understanding Mineral Sunscreen
Mineral sunscreen, also known as physical sunscreen or blocker, relies on minerals such as zinc oxide and titanium dioxide as active ingredients to physically shield the skin from harmful ultraviolet (UV) rays. These ingredients act as barriers, reflecting UV light and providing immediate protection upon application. Unlike chemical sunscreens that absorb UV rays and may cause skin irritation or environmental harm, mineral sunscreens are considered safer for both the skin and the environment. They are suitable for various skin types, including sensitive skin, and are appreciated for their ease of formulation and sensory appeal.
Key Trends Shaping the Market
1. Increasing Outdoor Activities
The rise in outdoor sporting activities is a significant trend boosting the mineral sunscreen market. With more people participating in hiking, cycling, sports, and other leisure activities, the demand for effective sun protection has surged. Mineral sunscreens, with their broad-spectrum protection, are becoming the preferred choice for active individuals looking to protect their skin from the sun’s harmful effects.
2. Diverse Product Offerings
The market has seen a proliferation of mineral sunscreen products catering to different skin types, price ranges, and preferences. Consumers now have a wide array of choices, from creams and lotions to gels, tailored to their specific needs. This variety has made mineral sunscreens more accessible and appealing, driving market growth.
3. Rising Awareness of Sun-related Health Risks
There is a growing awareness among consumers about the health risks associated with UV exposure, such as premature aging and skin cancer. This heightened awareness has increased the demand for mineral sunscreens, which are known for their effectiveness in protecting against these risks. As more people prioritize skin health, the market for mineral sunscreens is expected to expand further.
Market Analysis
The mineral sunscreen market is segmented based on several factors, including product type, skin type, price range, sun protection factor (SPF), consumer group, distribution channel, and region.
Product Type
- Cream
- Lotion
- Gel
- Others
Skin Type
- Sensitive
- Normal
- Dry
- Oily
- Combination
Price Range
- Low
- Medium
- High
Sun Protection Factor (SPF)
- Up to 29 SPF
- 30 SPF-49 SPF
- 50 SPF-69 SPF
- 70 SPF and Above
Consumer Group
- Men
- Women
- Unisex
Distribution Channel
- Online
- Offline
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Consumer Insights
Women
Women constitute a significant share of the mineral sunscreen market and are expected to continue driving growth. Skincare products, including mineral sunscreens, often target the female audience with claims of anti-aging and other skin benefits. Women tend to be more proactive about skin protection, willing to try new products, and more likely to spend on skincare, thus boosting market demand.
Men
The men’s segment is also anticipated to grow steadily as more men become conscious of their skincare routines. Manufacturers are increasingly targeting male consumers with products designed for their specific needs. Men are active in outdoor sports and activities and are beginning to adopt sun protection measures more widely.
Regional Insights
North America
North America is expected to hold a considerable share of the mineral sunscreen market during the forecast period. The region’s popularity for skincare and sun protection products, combined with a relatively temperate climate that encourages outdoor activities, drives demand. High awareness of sunburns and sun-induced skin complications further contributes to the market growth in this region.
Competitive Landscape
The mineral sunscreen market features several key players, each contributing to the competitive landscape with their innovative products and strategies.
The Avon Company
Founded in 1886 and headquartered in London, United Kingdom, The Avon Company specializes in beauty, skincare, personal care, cosmetics, health and wellness, and fragrance. Its diverse product range includes fashion and home products such as jewelry, apparel, accessories, watches, decorative items, and footwear.
Sun Bum LLC
Established in 2010 and based in California, USA, Sun Bum LLC is known for its high-quality sun care products. The company focuses on creating products that allow consumers to enjoy their time in the sun while providing protection from harmful UV rays.
Goddess Garden LLC
Founded in 2004 and headquartered in Colorado, USA, Goddess Garden LLC manufactures and markets organic and naturally prepared mineral sunscreens. Their product line includes lip balms, animal-friendly skincare, essential oils, vegan skincare, aromatherapy, organic facial care, and essential oil perfumes.
Other notable players in the market include:
- CP Skin Health Group, Inc.
- Johnson & Johnson Consumer Inc
- L’Oréal S.A.
- Beiersdorf AG
- Coola LLC
- The Estée Lauder Companies Inc.
- Colorescience, Inc.
- Others
The global mineral sunscreen market is poised for substantial growth, driven by increasing consumer awareness of the harmful effects of UV exposure, rising participation in outdoor activities, and the availability of diverse and appealing products. As more people prioritize skin health and environmental safety, mineral sunscreens are set to become an essential part of skincare routines worldwide. The market’s future looks bright, with significant opportunities for innovation and expansion in the coming years.