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The global sun protection active ingredients market is expected to rise 68% to $1.370.3 billion by 2033, according to a new report by Fact.MR.

The value of the market this year is set to be $816.3m and annual growth over the next ten years will be 5.3%, it added.

China is forecast to see annual growth of 6.6% out to 2033, Europe 5.1% and the US 5.4%.

“The market for sun protection active ingredients has grown as a result of regional economic expansion and customer desire for high-quality cosmetics with longer shelf lives,” said a Fact.MR spokeswoman.

“This is expected to give the market an absolute dollar opportunity worth US$ 373.6 million between 2028-2033,” she added.

The Sun Protection Active Ingredient Market Outlook (2023 to 2033) report states titanium dioxide segment is expected to hold the prominent market share of 17.0% of the global target market.

The global sun protetcion active ingredients market is set to reach a valuation of US$ 816.3 million in 2023 and further expand at a CAGR of 5.3% to reach US$ 1,370.3 million by the end of 2033.

The market for sun protection active ingredients has grown as a result of regional economic expansion and customer desire for high-quality cosmetics with longer shelf lives. This is expected to give the market an absolute dollar opportunit worth US$ 373.6 million between 2029-2033.

Prominent sun protection active ingredients manufacturers, it says, include BASF, Symrise, DSM, Ashland, Sunjin Beauty Science, Croda, Salicylates and Chemicals, Clariant and Galaxy Surfactants.