TAGS: Sun Care
According to a report by Transparency Market Research, the global self-tanning products market is estimated to expand at a CAGR of approximately 6 percent during the forecast period, owing to numerous factors.
Dominated by Body Self-tanning Products
In terms of type, the self-tanning products market has been segmented into facial self-tanners and body self-tanners. During the forecast period, the market is anticipated to be dominated by the body self-tanning products segment. In the report, based on form, the self-tanning products market has been segmented into gel, lotion, spray, oil, cream, and others.
Based on ingredient, the self-tanning products market has been bifurcated into natural and organic. The natural segment is anticipated to expand at a significant growth rate during the forecast period. In terms of gender, the self-tanning products market has been categorized into male, female, and unisex. The unisex segment is anticipated to expand at a higher pace.
Online Distribution Channel to Expand at Pace
In terms of distribution channel, the self-tanning products market has been divided into online and offline. During the forecast period, the online distribution channel is anticipated to expand at a rapid pace. Asia Pacific has seen a surge in adoption of e-commerce platforms, which in turn has increased online retail sales of self-tanning products.
Geographically, Europe led the self-tanning products market in 2019 and the region is expected to retain its dominance during the forecast period. The U.K. and France are considered the major markets for self-tanning products in Europe.
In addition, North America and APAC are also projected to offer promising growth opportunities for the self-tanning products market. Apart from Asia Pacific, South American provinces also significantly contribute to the overall growth of the global self-tanning products market.
Source: Transparency Market Research