Published on : Feb 07, 2018
Albany, New York, February 7, 2018: In spite of the name, self tanning is by far the safest way to get a glowing skin all year long by using self-tanners or sunless products. A new comprehensive report, titled “Self Tanning Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2026” has recently been added to the massive database of Market Research Hub (MRH). The report focuses on analyzing past trends from 2012 to 2016 and forecasts future prospects from 2017 to 2022 of global self tanning market with a prime focus on some prime regions including Europe, North America, APEJ, Latin America, Japan and MEA.
Major Insights from the Study
Consumers across the world are actively adopting self tanning products to get the natural tan through indoor home sessions. The demand for self tanning products continues to gain traction as cosmetic companies strive to make the skin tanning process more comfortable and convenient for the consumers. According to the study major evaluations, the global self tanning products market will expand steadily at a CAGR of 5.3% during the forecast period, 2017-2026. Also, the report further projects that by the end of 2026, nearly US$ 5.5 Bn worth of self tanning products will be sold globally. Looking to these facts, manufacturers of personal care and skin care products are focusing on boosting their presence in the global self tanning products market.
Many scientific studies have shown that the role of self tanning products in controlling the incidence of non-melanoma skin cancer, which is generally caused by excessive exposure to UV radiation. This has given a positive boost to the market. In term of geography, Europe will register the highest demand for self tanning products. A higher inclination of European consumers towards DIY approach will drive the sales of self tanning products in the region.
For a clear understanding, the global self tanning products market has been categorized into various segments and sub-segments for in-depth analysis and cover all aspects of the market. In addition to detailed segmentation, the report also offers qualitative and quantitative analysis on the market. Analysis of the key drivers, restraints, opportunities, and threats has been offered lucidly for the perusal of readers. The qualitative section gives readers the context on why specific products and regions are witnessing higher growth vis-à-vis other segments.
The market has been segmented on the basis of product types, end-user, sales channel and source. As per the findings, in 2017 and beyond, creams and lotions will represent top-selling products in the global self tanning products market. Modern trade outlets will represent the largest sales channel in the global self tanning products market throughout the forecast period.
The final section of the study presents an exhaustive analysis focusing on the prime players operating in the global self tanning products market. These players are L'Oréal S.A., Avon Products, Inc., Unilever PLC, Kao Corporation, Shiseido Co., Ltd., Johnson & Johnson Services, Inc., The Procter & Gamble Company, The Estee Lauder Companies Inc., Beiersdorf Aktiengesellschaft, and Christian Dior SE.
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