Industry Analysis & Industry Trends
Increasing consumer awareness regarding the dangers of excessive UVA and UVB exposure has worked in the industry's favor by boosting demand for sun-protection products. Therefore, sun-protection products have become increasingly popular over the past five years. The future looks bright for the Sunscreen Manufacturing industry. The industry's performance over the next five years will be underpinned by growing per capita disposable income and heightened demand from drugstores. The proliferation of products such as cosmetics that contain sunscreen, however, will limit growth.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Sunscreen Manufacturing industry is in the growth stage of its life cycle. Growing consumer concern regarding the sun's UV rays has increased per capita sunscreen use over the past decade. While the market is reaching saturation, as evidenced by a decline in sales during 2013, the industry is still expected to outpace GDP growth over the ten-year period. Industry value added (IVA), which measures the industry's contribution to the economy, is forecast to grow at an average annual rate of 2.9% in the 10 years to 2019. Comparatively, US GDP is anticipated to grow 2.5% per year on average, highlighting the industry's growing importance within the economy.
The increasing number of industry participants also indicates a growth life cycle stage... purchase to read more