Ingredient Trends and Innovation in Sun Protection

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Euromonitor presented this session at In-Cosmetics Global on April 5th, 2017 in London. This deck details ingredients trends and innovation in sun protection.

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Ingredient Trends and Innovation in Sun Protection

  1. 1. INGREDIENT TRENDS AND INNOVATION IN SUN PROTECTION IN-COSMETICS GLOBAL LONDON, 5TH APRIL 2017 MARIA CORONADO ROBLES, ANALYST - INGREDIENTS RESEARCH
  2. 2. © Euromonitor International 2 Euromonitor International – Strategic Market Research ABOUT EUROMONITOR INTERNATIONAL
  3. 3. SUNSCREEN INGREDIENTS GLOBAL MARKET CONSUMER DEMAND INNOVATION IN SUN PROTECTION THE EUROPEAN SUN PROTECTION MARKET LATEST INNOVATIONS AND FUTURE OPPORTUNITIES
  4. 4. © Euromonitor International 4 34% 28% 15% 16% 22% 23% 18% 21% 0 10,000 20,000 30,000 40,000 2015 2020 Sunscreen Ingredients in Beauty and Personal Care Globally SUNSCREEN INGREDIENTS: GLOBAL MARKET Asia-Pacific Main global growth driver North America Largest market Losing share as emerging markets gain momentumMarket size, Tonnes
  5. 5. © Euromonitor International 5 11% CAGR Top Ten Markets for Sunscreen Ingredients SUNSCREEN INGREDIENTS: GLOBAL MARKET GERMANY 1300 T SPAIN 1200 T UK 900 T ITALY 800 T FRANCE 600 T CHINA 2500 T JAPAN 800 T SOUTH KOREA 600 T BRAZIL 3200 T USA 9,600 T Main global market 70%GLOBAL MARKET (2015) 1% CAGR 5% CAGR 3% CAGR 6% CAGR 6% CAGR 7% CAGR 5% CAGR 11% CAGR 10% CAGR *CAGR (2015-2020)
  6. 6. © Euromonitor International 6 Commercially Available UV Filters SUNSCREEN INGREDIENTS: GLOBAL MARKET INCI Name / USAN Name Abbreviation Globally approved Bis-Ethylhexyloxyphenol Methoxyphenyl Triazine / Bemotrizinol BEMT No Butyl Methoxydibenzoylmethane / Avobenzone BMBM Yes Terephthalylidene Dicamphor Sulfonic Acid / Ecamsule TDSA Yes Zinc Oxide ZnO Yes Benzophenone-3 / Oxybenzone BP3 Yes Diethylhexyl Butamido Triazone / Iscotrizinol DBT No Ethylhexyl Methoxycinnamat e/ Octinoxate EHMC Yes Ethylhexyl Salicylate / Octisalate EHS Yes Ethylhexyl Triazone / Octyltriazone ETH No Homosalate HMS Yes Octocrylene OCR Yes Phenylbenzimidazol Sulfonic Acid / Ensulizole PBSA Yes Titanium Dioxide TiO2 Yes * Others refers to any other UV filter not included in the table
  7. 7. © Euromonitor International 7 The Evolution of Sun Protection SUNSCREEN INGREDIENTS: GLOBAL MARKET UVB UVB & UVA II BROAD SPECTRUM FUTURE 1940 First sunscreen 1970 -1990 SPF on labels UVA protection Different regulations NOW UVB / Full UVA ?
  8. 8. © Euromonitor International 8 44% 30% 16% 10% Type of UV Filter in Sun Protection SUNSCREEN INGREDIENTS: GLOBAL MARKET North America Sunscreens provide less UVA protection 9% Minerals 11% Minerals 35% Minerals 11% Minerals 47% 57% 27% 14% 39% 24% 9% 29% 60%25% 9% 7%
  9. 9. © Euromonitor International 9 Growth Opportunities for Sunscreen Ingredients SUNSCREEN INGREDIENTS: GLOBAL MARKET CAGR%(2015-2020) -30 -20 -10 0 10 20 30 40 50 UVB UVB /UVA II UVA I / UVA II UVB / UVA I-II
  10. 10. © Euromonitor International 10 Sunscreen Ingredients by Category SUNSCREEN INGREDIENTS: GLOBAL MARKET Asia Pacific The most fragmented market 75% Sun Care Skin Care Colour Cosmetics Baby and Child-specific Products Hair Care others 90% 80% 75% 60%35%
  11. 11. THANK YOU FOR ATTENTION FOR FUTHER INSIGHT PLEASE CONTACT Maria Coronado Robles Industry Analyst – Ingredients Twitter: @coronado_roble To download the full presentation, click here.

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