Over time, the self-tanning business has grown in prominence. People are searching for less damaging ways to achieve that desired sun-kissed glow as they become more aware of the negative consequences of UV rays from the sun and tanning beds. The value of the self-tanning industry, its appeal, and related issues will all be covered in this essay.
The market for self-tanning products was estimated to be worth $1.38 billion globally in 2020, and it is projected to increase at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. The growth is attributable to the rising sunless tanning trend, rising skin health awareness, and the rising demand for safe and efficient self-tanning products.
The self-tanning lotion, spray, mousse, and wipes are examples of items available in the sunless tanning market. It also covers the expert spray tanning treatments provided in spas and salons. Due to the rising demand for sunless tanning goods and services, the industry is predicted to expand. There are numerous small and major businesses vying for market share in a fragmented industry.
Even while more people are becoming aware of the dangers of UV rays, some people still favor getting a natural tan from the sun or tanning booths. However, as people’s concerns about skin health grow, the trend is moving toward sunless tanning. The demand for self-tanning goods and services is anticipated to increase in the upcoming years. Are sunbeds still in demand?
For many years, people have used sunbeds, commonly referred to as tanning beds, to get tan. They have, however, been connected to a higher risk of skin cancer and early aging. As a result, in recent years, their popularity has declined. Additionally, many nations have enacted rules and laws that limit the use of sunbeds. Is Tan America still in operation?
In the US, Tan America was a well-known chain of tanning beds. But in 2018, it declared bankruptcy and shut its doors. The company attributed its loss on rising sunless tanning products and greater competition from rival tanning clinics.
In conclusion, the self-tanning market is expanding and is predicted to do so in the years to come. The demand for sunless tanning goods and services is being driven by rising awareness about skin health and the damaging effects of UV radiation. The trend is moving toward sunless tanning, even though some people still like a natural tan from the sun or tanning beds. Sunbed use is declining as a result of its link to skin cancer and early aging.