Industry Analysis & Industry Trends
The increasingly essential nature of sunscreen has been a boon for the Sunscreen Manufacturing industry. Because of consumers' growing penchant to purchase sunscreen, downstream demand from drugstores and other retailers has remained resilient. The five years to 2017 are promising for the Sunscreen Manufacturers industry. Consumers' growing spending power will allow shoppers to buy more and higher-priced sun protection products, increasing downstream demand from retailers. Still, rising import penetration and the industry's impeding saturation, will push up competition for existing players.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Sunscreen Manufacturing industry is in the growth stage of its life cycle, indicated by its increasing contribution to the US economy. Over the 10 years to 2017, industry value added (IVA), which measures the industry's contribution to the economy, is forecast to grow at an average annual rate of 4.1%. Meanwhile, US GDP is only anticipated to grow 1.8% 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. Even during the recession, operators entered the industry due to rising demand for sun-protection products. Over the five years to 2012, the number of industry establishments has grown at an annualized rate of 5.8% to 61... purchase to read more