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Sunscreen market heats up, global market to hit over $27 billion by 2033
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The global sun protection market was valued at US$14.1 billion in 2023, and is projected to hit US$20.5 billion by 2033.
PHOTO: PEXELS
SINGAPORE – Climate change and the rising temperature it is bringing have sent demand for sunscreen soaring.
Preventing skin cancer is a primary driver among buyers, but concerns about skin damage and premature ageing stemming from exposure to the sun are important factors as well, noted Dr Christina Chua, senior vice-president and product lead of wealth management at KGI Securities Singapore.
