The suncare market is continuously evolving at a fast pace. In 2024, the revenue generated by the US sun protection market stands at $2.05B, with this number expected to grow at a CAGR rate of 1.78% until 2028. Compared to other countries, the US currently generates the highest revenue in the suncare market globally. A recent study from behavioral research company, Veylinx, revealed consumer SPF preferences, emerging skincare trends, and information on the amount of money customers are willing to dig out for sunscreen. BeautyMatter outlines the key findings:
Seeking SPF
Veylinx studied consumer preferences and their willingness to pay for basic versions of popular sunscreen brands in comparison to conceptual sunscreens with enhanced benefits. The findings outlined a general growing consumer awareness of SPF benefits as well as an increasing demand for sunscreen products that offer more than the basic UV defense as audiences become increasingly ingredient savvy.
Increase in demand for added benefits included:
The study identified that consumers are looking for brands that combine SPF with other product formats for ease of use and convenience.
Sun Safety
The research found that terms like “what does skin cancer look like” and “sunscreen” are being searched more than ever before in the US. This growth points to an increase in “sunxiety” (sun anxiety) among consumers, as well as a need for ongoing consumer education to give warnings of the risks of UV exposure and the benefits of year-round sunscreen usage.
Upping Usage
With growing consumer interest in the benefits of SPF and concerns around the negative effects of too much sun, there is an encouraging trend of regular usage among consumers (but with room to grow). Word-of-mouth recommendations ever so slightly outpace social media suggestions when it comes to finding new products, with a majority of parents using the same products for their children as for themselves.
Brands and Benefits
The American population stays loyal to predominantly drugstore SPF brands, which included:
Of the favorite brands, Supergoop with hydrating benefits drove the highest price point. Anti-aging products from Supergoop, CeraVe, and Olay saw the greatest demand over basic SPFs.
Sustainable Sunscreen
A subset of consumers are seeking out more sustainable and environmentally friendly offerings, with a particular focus on reef-safe items.
The report outlines that despite this growing interest in reef-safe offerings with sustainable packaging, there is still a higher demand for basic SPF than SKUs with these added benefits.
Market Potential
As consumer interest in the SPF category continues to rise (and shine) there is an avenue for beauty brands to reap the revenue benefits. As outlined by Veylinx, shoppers are looking for more than just standard SPF offerings, and the opportunity lies within added skincare benefits, hybrid products, and reef-safe considerate options. Despite the increase of consumer attention, there is still space for further education surrounding sustainability and formulations, which beauty brands can push with innovative products and campaigns.