PUBLISHER: Orion Market Research | PRODUCT CODE: 1215611
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215611
Title:Global Self-Tanning Products Market Size, Share &Trends Analysis Report by Product (Self-Tan Lotion, Self-Tan Spray, Self-Tan Oil, Self-Tan Mousse, and Others) by End-User (Male and Female), by Distribution Channel (Online and Offline) Forecast Period (2022-2028).
The global self-tanning products market is anticipated to grow at a considerable CAGR of 6.2% during the forecast period. People in urban areas are more concerned about their skin tone due to which the consumption of self-tanning products increases boosting the growth of the global self-tanning product market. The rising demand for self-tanning products among the urban population made the beauty companies investing more on advertising their products which also contributes to the growth of the global self-tanning products market during the forecast period. For instance, in October 2021, go-to spray tan artist Isabel Alysa launched her self-tanner collection, Dolce Glow. From a gradual tanning lotion to a self-tanning mist, there is a shade and formula for everyone.
The global self-tanning products market is segmented based on product, end-user, and distribution channel. Based on the product, the market is segmented into self-tan lotion, self-tan spray, self-tan oil, self-tan mousse, and others. Among these, self-tan lotion holds the major market share during the forecast period. Based on the end-user, the market is sub-segmented into male and female. Based on the distribution channel, the market is sub-segmented into online and offline.
Geographically market is segmented into: North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region is expected to hold a prominent market share in the global self-tanning products market during the forecast period. The increasing inclination toward beauty products and the growing adoption of social media platforms by beauty industries to advertise their product through celebrities is driving the growth of the global self-tanning product market. Many companies are launching new products which contributes to the growth of the market. . For instance, in April 2021, Boots launched six new innovative self-tan products to help you achieve the perfect summer glow, which is available in stores and online.
The major companies serving the global self-tanning products market include Crown Laboratories, Inc., Facial Impressions / The Lip Lab Avalon, L'Oreal USA, PZ Cussons (UK) LTD., The Hain Celestial Group, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2021, Tan On The Run launched InvisaTan, a clear professional spray tan solution that is black light reactive. The unscented, clear, vegan, and cruelty-free solution is available on InvisaTan.com and is to be used with a black light.
Research Methodology
The market study of the global self-tanning products market is incorporated extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: