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Sun Protection Is Driving Growth for Sun Care Products

Brazil could put Latin America at No. 2 spot in global sun care industry (July 09, 2012)

LONDON, UNITED KINGDOM -- (Marketwire) -- 07/09/12 -- Euromonitor announced today the publication of a new global report dedicated to developments in the global sun care industry. According to the market research company's report, Evolution and Prospects in Global Sun Care: Key Solar Hot Spots, sales of sun care products globally reached US$9.3 billion in 2011. While Western Europe remains the largest market for sun care products, Latin America is showing dynamic growth primarily driven by Brazil.

Brazil's rapid growth could make the Latin American region a future contender for the number two spot globally, replacing Asia-Pacific. The number one position, however, will continue to be held by Western Europe through 2016. Consumers globally are increasingly aware of the dangers of sun damage, and are looking more for products with sun protection properties.

"Sun protection is driving growth for sun care products, and the merging of skin care properties with sun protection is supporting a distinct global trend towards high factor sun protection," said Irina Barbalova, global head of beauty and personal care research at Euromonitor International.

As detailed in the report skin care products are increasingly incorporating sun protection properties, while, conversely, sun care products are offering skin care benefits, such as anti-ageing and moisturising.

"In the race to compete against other categories and brands, a common tactic for manufacturers is to launch products that offer as many different functions as possible," added Barbalova. "In consumers' eyes, having an SPF is no longer enough."

According to the report, Nivea has done this successfully and continues to reinvent itself. The brand continues to evolve and has consolidated its position as the world's leading sun care brand. It also enjoys very high consumer trust.

Forecast growth provided in Euromonitor's global sun care report indicate that sun protection will continue to be a driving force in the global sun care market, delivering 96% of all value growth between 2011 and 2016.

---------------------------------------------------------------------------- Global Sales of Sun Care Products US$ mn Geographies 2009 2010 2011 ---------------------------------------------------------------------------- World 7,672.8 8,302.2 9,257.8 Western Europe 2,996.2 2,919.4 3,091.7 Asia Pacific 1,402.7 1,598.6 1,838.7 North America 1,555.6 1,694.5 1,797.6 Latin America 1,133.1 1,422.1 1,775.4 Eastern Europe 280.3 306.9 342.5 Middle East and Africa 168.5 190.9 214.0 Australasia 136.4 169.8 198.0 Source: Euromonitor International

About Euromonitor International

Euromonitor International is the world's leading provider for global business intelligence and strategic market analysis. We have more than 39 years of experience publishing international market reports, business reference books and online databases on consumer markets.

We deliver market research solutions to support strategic planning for today's increasingly international business environment. Our research offers in-depth market analysis on consumer goods and services industries worldwide, as well as economic, demographic and socio-economic data and insight on countries and consumers.

Euromonitor International is headquartered in London, with regional offices in Chicago, Singapore, Shanghai, Vilnius, Santiago, Dubai, Cape Town, Tokyo, Sydney and Bangalore, and has a network of over 800 analysts worldwide.

Euromonitor International
Melanie Perez
Regional Communications Manager
312-922-1115 Ex.3507

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