Industry Analysis of UV Filters in South Asia & Oceania

UV Filter Demand Outlook for South Asia & Oceania (2023 to 2033)

Sales of UV filters in South Asia & Oceania are estimated at US$ 2.27 billion in 2023 and are forecasted to increase at 7% CAGR to reach US$ 3.71 billion by the end of the study period (2023 to 2033).

Urbanization and increasing disposable income of people are acting as catalysts for most businesses in the South Asia & Oceania region and this is also true for UV filters as well. India is projected to emerge as the most rewarding country for any UV filter manufacturer or distributor looking to make a name for themselves in the South Asian region over the next ten years and beyond. Surging awareness regarding skin cancer and rising focus on protection from the sun are also predicted to bolster sales of ultraviolet filters in the long run.

• Sales of UV filters in South Asia & Oceania account for 12.7% of global revenue at present and amount to a volume of 148,280.9 tons by the end of 2023.

Report Attributes	Details
UV Filter Sales in South Asia & Oceania (2023)	US$ 2.27 Billion
Projected Sales (2033F)	US$ 3.71 Billion
Demand Growth (2023 to 2033)	7% CAGR
Sales Volume in Thailand (2033F)	20,538.1 Tons
Sales Growth in Malaysia (2023 to 2033)	8.3% CAGR
Organic UV Filters Sales (2033F)	US$ 3.24 Billion
Key Companies Profiled	BASF Croda Evonik Industries Dow Lonza Solvay

Why are Start-ups in This Business Flocking to South Asia & Oceania?

“Growing Focus on Skincare and Large Consumer Base Attracting New Companies”

Countries in the South Asia & Oceania region have recently emerged as highly remunerative spaces for all kinds of beauty and personal care brands and this has motivated people to invest in start-ups to capitalize on the growing demand for personal care and skin care products.

• 82°E, a skincare start-up founded by Indian actress Deepika Padukone raised US$ 7.5 million in a seed funding round backed by IDEO Ventures and DSG Consumer Partners in December 2022. 82°E provides sunscreens and other skincare products across 30 countries in the world.

Learn more about growth-augmenting aspects such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for UV filters by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

UV filter suppliers looking to bolster their business scope in South Asia & Oceania should focus on improving their presence in countries such as India, Australia, and Malaysia going forward.

Why are UV Filter Producers Eyeing the Market in India?

“Rising Awareness Regarding Skin Protection among Indian Consumers”

India being the most populous country in the world makes it a highly rewarding space for all types of personal care and beauty product providers. The rising focus on skincare and sun care has attracted actors and celebrities to enter the personal care business to launch their brands and products.

• Sales of UV filters in India currently account for US$ 1.4 billion and are set to increase at a high-value CAGR of 7.5% from 2023 to 2033.

Growing awareness regarding skin cancer and the benefits of using ultraviolet filters is also projected to boost sales of UV filters in the country over the next ten years.

• In June 2023, Fixderma Skincare, a renowned supplier of cosmeceutical solutions, announced that it had collaborated with Indian actress Vaani Kapoor to launch its new sunscreen range. The new Shadow Sunscreen range is specially designed to offer protection from all types of harmful UV rays.

What Makes Australia an Unmissable Market for Sunscreen Manufacturers?

“Rigorous Testing and Compliance Measures for Sunscreen Makers”

The number of people suffering from skin cancer is more in Australia than any other country in the world and this has pushed the regulatory bodies in the country to implement stringent compliance and testing measures for sun care products. Hence, sunscreens and other sun care products that are made as per Australian compliance are much more effective as compared to products made in other parts of the world.

• Sales of UV filters in Australia & New Zealand collectively hold a value of US$ 90.5 billion and are forecasted to rise at 4.5% CAGR over the next ten years.

Category-wise Insights

Companies looking to make most of their investments in the South Asia & Oceania region should create UV filters with an SPF range of 15 to 30 for cream formulations.

UV Filters of Which SPF Range are High in Demand?

“UV Filters with SPF 15 to 30 Range Account for High Sales and Profits”

Products having SPF 15 to SPF 30 range are capable of blocking 90% to 97% of all harmful UV rays, which is enough for regular use and certain harsh conditions as well. A majority of people living in South Asian countries don’t face very harsh UV rays and this is why people don’t find it necessary to invest in ultraviolet filters with higher SPF ratings.

• Demand for ultraviolet filters with SPF 15 to 30 range in South Asia & Oceania is forecasted to rise at 7.2% CAGR over the next ten years to reach a valuation of US$ 1.84 billion by 2033-end.

Why Do More People Prefer Creams Over Other Formulations?

“Better Efficacy and Absorption Driving Demand for Creams with UV Filters”

Sunscreens in cream format have been proven to be more effective as compared to other forms such as gels, sprays, and lotions thereby allowing creams to account for a dominant revenue share in the South Asia & Oceania region. An increasing number of sun care products being launched in cream form is projected to bolster demand for UV filters specific to cream formulations through 2033.

• Around 77,340.3 tons of UV filters are projected to be used for cream formulations by the end of 2033.

Competitive Landscape

With more and more companies focusing on the development of innovative sun care products the demand for different types of UV filters is projected to reach new heights in the South Asia & Oceania region. This is why UV filter manufacturers should set up their production plants and improve the supply chain for UV filters, which will be crucial in the development of new sunscreens and sun protection lotions.

Segmentation of UV Filter Study in South Asia & Oceania

• By Type :

  • Organic
    • PABA
    • Salicylates
    • Cinnamates
    • Benzophenones
    • Triazine & Triazole Derivatives
    • Dibenzoyl Derivatives
    • Benzimidazole Sulfonic Acid Derivatives
    • Camphor Derivatives
    • Anthranilates
    • Polysilicone-15
  • Inorganic
    • Titanium Dioxide
    • Zinc Oxide

• By SPF :

  • SPF 6 to 14
  • SPF 15 to 30
  • SPF 31 to 50
  • SPF 50+

• By Formulation :

  • Creams
  • Gels
  • Lotions
  • Powder
  • Wipes
  • Sprays

• By Country :

  • India
  • Malaysia
  • Indonesia
  • Thailand
  • Australia & New Zealand
  • Rest of South Asia