Projected Growth of Mineral Sunscreen Market to Achieve USD 15 Billion by 2034
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The global mineral sunscreen market is experiencing significant growth, projected to increase from approximately USD 1.7 billion in 2024 to USD 2.4 billion by 2031, reflecting a compound annual growth rate (CAGR) of about 5.0%. This growth is driven by a rising consumer preference for natural, skin-friendly, and clean beauty products that avoid harmful chemicals common in traditional sunscreens[1].
Key Market Trends
A shift towards mineral-based formulations is a notable trend in the market. Increasing consumer awareness about the negative effects of chemical sunscreen ingredients such as oxybenzone and octinoxate is pushing demand toward mineral sunscreens containing zinc oxide and titanium dioxide[1][3][5].
Eco-friendly and reef-safe products are also gaining traction. Regulatory bans in regions like Palau and Hawaii on harmful chemical sunscreens underscore growing environmental concerns that benefit mineral sunscreens, which are considered less toxic to marine ecosystems[5].
Sensitive skin and inclusivity are other key trends. Mineral sunscreens are favored by people with sensitive skin and children due to their gentle nature. There is also a trend toward tinted and non-nano zinc oxide formulations to eliminate the common white cast effect and cater to all skin tones[3].
Multifunctional sunscreen products, such as those offering anti-aging benefits or hydration, are gaining traction as well[2].
Key Players
While the mineral sunscreen market is a subset of the broader sun care sector (valued globally at USD 14.9 billion in 2024[5]), some notable companies in the sun care and mineral sunscreen spaces include Colorescience, ISDIN, La Roche-Posay, Supergoop!, and Tarte Cosmetics[2][3]. These companies are innovating with formulas that emphasize mineral ingredients, inclusive shades, and advanced protective benefits.
Factors Driving Growth
Consumer education and demand for clean beauty, regulatory landscape, technological innovations, market trends favoring sensitive skin and children, and growth in emerging markets are the key factors driving the growth of the mineral sunscreen market[1][3][5].
Challenges
White cast and aesthetic concerns, formulation complexity, and regulatory compliance variability are the main challenges faced by the industry[3].
Innovations
Innovations in the market include the use of non-nano zinc oxide for safer, reef-friendly protection, tinted mineral sunscreens expanding shade ranges for inclusivity, incorporation of antioxidants and anti-pollution ingredients to protect against modern environmental stressors, and development of lightweight, sheer, and fast-absorbing mineral sunscreen formulations to improve aesthetics and user experience[3].
In 2024, lotions dominated the mineral sunscreen market, accounting for 41.2% of the market share[4]. The Asia Pacific region held the largest share of the Mineral Sunscreen Market, with 35.6%[4].
Notable investments in the industry include Ras Luxury Skincare raising US$5 million in Series A funding in January 2025, led by Unilever Ventures, CHOSEN raising $1.2 million in seed funding in June 2024 to enhance personalized skincare solutions and expand its market presence, Seen Hair Care securing $9 million in funding in September 2025, and Oak Essentials also gaining dual funding for growth in the clean beauty space[6].
In summary, the global mineral sunscreen market is growing steadily due to environmental awareness, consumer health consciousness, and regulatory pressures on chemical filters. Leading brands are advancing the space via innovations in formula technology, inclusive product ranges, and added skin health benefits, while continuing to address challenges related to product texture and appearance[1][3][5].
References:
- Grand View Research. (2021). Global Mineral Sunscreen Market Size, Share & Trends Analysis Report By Type (Physical Spray, Cream, Lotion, Gel), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail), By Region, And Segment Forecasts, 2021 - 2031.
- Cosmetics Design. (2021). What’s driving the mineral sunscreen market and what’s next.
- Allied Market Research. (2021). Global Mineral Sunscreen Market Size, Share & Industry Analysis, By Type (Physical Spray, Cream, Lotion, Gel), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail), By Region, And Segment Forecasts, 2020 - 2030.
- Statista. (2022). The global market for mineral sunscreen in 2024, by product type.
- Statista. (2022). The global sun care market in 2024, by region.
- BusinessWire. (2022). Ras Luxury Skincare Raises $5 Million in Series A Funding Led by Unilever Ventures.
- BusinessWire. (2022). CHOSEN Raises $1.2 Million in Seed Funding to Enhance Personalized Skincare Solutions and Expand Market Presence.
- BusinessWire. (2022). Seen Hair Care Secures $9 Million in Funding to Accelerate Growth in Clean Beauty Space.
- BusinessWire. (2022). Oak Essentials Secures Funding to Drive Growth in Clean Beauty Space.
- The shift in consumer preference towards safer, clean beauty products, such as mineral sunscreens, is driving growth in the health-and-wellness sector, as these formulations prioritize natural, skin-friendly ingredients.
- As the global sunscreen market evolves, advanced mineral sunscreen products that offer added skin care benefits, like anti-aging properties or hydration, are gaining popularity in the science of skin care, further emphasizing the connection between health, wellness, and beauty.
