Sunscreen Manufacturing in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: September 2023
NAICS OD4244Revenue
$697.0m
Past 5-Year Growth
Profit
$XX.Xm
Employees
762
Businesses
79
Wages
$XX.Xm
Sunscreen Manufacturing in the US industry analysis
The sunscreen manufacturing industry performed well over the past five years as mostly strong economic conditions and growing awareness of the health risks linked to prolonged exposure to ultraviolet (UV) rays have spurred greater sales of sun-care goods. Per capita disposable income has grown over the past five years, enabling consumers to better afford purchases of higher-priced industry goods. However, the proliferation of creams and cosmetics that feature built-in sun protection, which is not industry relevant, has been hampering industry demand somewhat. Over the past five years, revenue has grown at a CAGR of 2.9% to $697.0 million, including an expected 0.4% increase in 2023. Profit is expected to climb to 7.1% of revenue in 2023 from 6.2% in 2018.Heightened demand for price-premium aerosol sprays, all-natural sunscreens and conventional sunscreens with a sun protection factor (SPF) of 30 and higher have bolstered revenue growth over the past five years. However, current labeling and testing regulations have recently limited industry SPF claims. For instance, in 2011, the US Food & Drug Administration (FDA) issued a rule outlining proper procedures for product testing and making product feature claims. Nonetheless, more current industry-specific legislation aims to synergize research and development efforts. The Sunscreen Innovation Act was signed into law in 2014 and requires the FDA to expedite sunscreen ingredient approvals. The Act will likely facilitate new sunscreen research to expand the range of available products. Rising per capita disposable income and strong pent-up demand for recreation and social activity are expected to bolster demand for sun protection products over the next five years. Total recreation expenditure is expected to increase over the next five years, encouraging consumers to purchase sunscreen products to protect their skin against harmful UV rays during outdoor activities. However, the heightened use of sunscreen in skincare and cosmetics, which are not included in the industry, will continue to limit growth. Overall, revenue is forecast to grow at a CAGR of 0.5% to $715.2 million over the five years to 2028.
Trends and Insights
- Niche manufacturers enter the industry to satisfy growing demand. Niche manufacturers offer innovative, all-natural or luxury sunscreen products.
- Heightened regulation has hindered the over 50 SPF segment. According to the FDA, sunscreen protection with SFP over 50 is negligible, but the concentration of potentially harmful chemicals is substantially higher.
- The distribution of businesses largely correlates to population concentrations and proximity to downstream markets to reduce transportation costs. The importance of international trade encourages manufacturers to locate near ports and other global transport hubs.
- The sunscreen manufacturing industry is highly competitive. Competition is based on product distribution, promotion, product performance and price.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 2.9 % over the past five years, to reach an estimated $697.0m in 2023.
Trends and Insights
Niche manufacturers have entered the industry in an attempt to satisfy the growing demand for products
- Large operators have the supplier power to negotiate for premium shelf space in stores and benefit from operational synergies among product segments.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Profit is expected to lag despite a decline in input costs
- Profitability in the industry is typically dictated by two interdependent factors: the world price of crude oil (i.e., the price of inputs) and per capita disposable income.
Biggest companies in the Sunscreen Manufacturing in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Edgewell Personal Care Company | 139.9 | 13.6 | 9.7 | |
Beiersdorf Ag | 125.7 | 17.5 | 13.9 | |
Johnson & Johnson | 38.2 | 1.0 | 2.6 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Under 50 SPF, 50 SPF and Over 50 SPF. Under 50 SPF is the largest segment of the Sunscreen Manufacturing in the US.
Trends and Insights
Under 50 SPF jumps due to greater awareness of the harmful effects of prolonged sun exposure and rising consumer spending
- Sunscreens rated under SPF 50 are expected to account for one-quarter of revenue in 2023. According to 2018 data from the American Cancer Society, SPF 15 sunscreens filter an estimated 93.0% of incoming UVB rays.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Sanitary Paper Product Manufacturing in the US
- Soap & Cleaning Compound Manufacturing in the US
- Cosmetic & Beauty Products Manufacturing in the US
- Drug, Cosmetic & Toiletry Wholesaling in the US
International industries
- Global Cosmetics Manufacturing
- Cosmetic & Beauty Product Manufacturing in Canada
- Cosmetics, Perfume and Toiletries Manufacturing in Australia
- Perfume & Cosmetics Manufacturing in the UK
- Cosmetic & Personal Care Product Manufacturing in China
Table of Contents
About this industry
Industry definition
Operators in the Sunscreen Manufacturing industry prepare, blend, compound and package sun protection products. Sunscreen comes in lotion, cream, spray or other topical applications and is used to protect the skin from the sun’s harmful rays, limiting sunburns and helping prevent skin cancer. This industry does not include sun amplification products.
What's included in this industry?
Manufacturing sunblock Manufacturing sunscreenManufacturing sun protection spraysCompanies
Edgewell Personal Care CompanyBeiersdorf AgJohnson & JohnsonPurchase this report to view all 3 major companies in this industry.
Related Terms
SPFRESEARCH AND DEVELOPMENT (R&D)UVAUVBIndustry Code
NAICS 32562 - Sunscreen Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Niche manufacturers enter the industry to satisfy growing demand. Niche manufacturers offer innovative, all-natural or luxury sunscreen products.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Heightened regulation has hindered the over 50 SPF segment. According to the FDA, sunscreen protection with SFP over 50 is negligible, but the concentration of potentially ha...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The distribution of businesses largely correlates to population concentrations and proximity to downstream markets to reduce transportation costs. The importance of internati...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The sunscreen manufacturing industry is highly competitive. Competition is based on product distribution, promotion, product performance and price.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The largest manufacturers own popular sunscreen brands. Larger manufacturers can better command shelf space in grocery stores and pharmacies.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Edgewell Personal Care Company's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Beiersdorf Ag's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Johnson & Johnson's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Edgewell Personal Care Company, and factors influencing its performance in the industry
- Description and key data for Beiersdorf Ag, and factors influencing its performance in the industry
- Description and key data for Johnson & Johnson, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Food and Drug Administration (FDA) governs laws and regulations regarding the industry. The administration regulates the manufacturing, labeling and marketing of sunscree...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit has jumped over the past five years. Profit growth has been driven by rising per capita disposable income.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Sunscreen Manufacturing in the US industry in United States in 2024?
The market size of the Sunscreen Manufacturing in the US industry in United States is $697.0m in 2024.
How many businesses are there in the Sunscreen Manufacturing in the US industry in 2023?
There are 79 businesses in the Sunscreen Manufacturing in the US industry in United States, which has grown at a CAGR of 3.4 % between 2018 and 2023.
Has the Sunscreen Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Sunscreen Manufacturing in the US industry in United States has been growing at a CAGR of 2.9 % between 2018 and 2023.
What is the forecast growth of the Sunscreen Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Sunscreen Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Sunscreen Manufacturing in the US market in United States?
The biggest companies operating in the Sunscreen Manufacturing market in United States are Edgewell Personal Care Company, Beiersdorf Ag and Johnson & Johnson
What does the Sunscreen Manufacturing in the US in United States include?
Manufacturing sunblock and Manufacturing sunscreen are part of the Sunscreen Manufacturing in the US industry.
Which companies have the highest market share in the Sunscreen Manufacturing in the US in United States?
The company holding the most market share in United States is Edgewell Personal Care Company.
How competitive is the Sunscreen Manufacturing in the US industry in United States?
The level of competition is moderate and steady in the Sunscreen Manufacturing in the US industry in United States.
