Tanning Lotion Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 3.6 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
In 2022, the global tanning lotion market was valued at approximately USD 1.8 billion. The market demonstrated a compound annual growth rate (CAGR) of 5.2% over the past year, reflecting a robust expansion trend. This growth is driven by increasing consumer awareness of skincare and the rising popularity of tanning products among younger demographics. The demand for tanning lotions is also being supported by a growing inclination towards sunless tanning solutions due to health concerns related to prolonged sun exposure. As a result, the market is projected to reach around USD 2.3 billion by 2027, demonstrating significant potential for continued growth.
Opportunity analysis reveals a promising landscape for stakeholders in the tanning lotion sector. Emerging markets, particularly in regions like Asia-Pacific and Latin America, present substantial growth opportunities due to increasing disposable incomes and a burgeoning middle class. Additionally, advancements in product formulations, such as the integration of skincare benefits and natural ingredients, are expected to drive market expansion. Consumer preferences are shifting towards eco-friendly and SPF-enriched products, indicating potential for innovation and niche market development. The convergence of these factors suggests a dynamic environment with considerable opportunities for market entrants and existing players alike.
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Avon Products
Beiersdorf
Christian Dior
Edgewell Personal Care
Fake Bake
Johnson & Johnson Services
Kao Corporation
L'Oreal
Shiseido
TanTowel
The Estee Lauder Companies
Unilever
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Tanning Lotion Market
Men
Women
Based on Types the Market is categorized into Below types that held the largest Tanning Lotion market share In 2023.
DHA Based
Tyrosine Based
Temporary Bronzers
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Tanning Lotion Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Tanning Lotion Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tanning Lotion Market, By Type
6. Global Tanning Lotion Market, By Application
7. Global Tanning Lotion Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Tanning Lotion Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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