Sunless Tanners Market Navigating Share & Scope Trends Analysis by Fact MR
The global sunless tanners market is valued at $1.59 billion in 2023 and is projected to grow at a CAGR of 5.3% from 2023 to 2033. The use of self-tanning products helps reduce the risk of skin cancer, as they provide a bronzed appearance without exposure to harmful UV rays. In 2022, women held a 65.1% share of the global market. Additionally, a POPSUGAR Beauty post from July 2021 noted that around 60% of women in the United States frequently use sun tanners.
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Key Takeaways from Market Study
The global sunless tanners market reached a size of $1.51 billion in 2022 and is projected to grow at a CAGR of 5.3% through 2033, reaching a valuation of $2.67 billion by the end of the forecast period. The demand for creams and lotions is expected to expand at a CAGR of 5%, reaching $1.11 billion by 2033. In 2022, the United States market alone was valued at $402 million.
Regionally, demand for sunless tanners in China is anticipated to rise at a CAGR of 7.7%, reaching a market value of $131 million by 2033. The market in Japan is projected to advance at a CAGR of 4.3% through 2033, while sales in Germany are forecasted to grow at a CAGR of 5.1% from 2023 to 2033.
