INGREDIENT TRENDS AND INNOVATION IN SUN PROTECTION

IN-COSMETICS GLOBALLONDON, 5TH APRIL 2017 MARIA CORONADO ROBLES, ANALYST - INGREDIENTS RESEARCH

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Euromonitor International – Strategic Market ResearchABOUT EUROMONITOR INTERNATIONAL

SUNSCREEN INGREDIENTS GLOBAL MARKET

CONSUMER DEMAND INNOVATION IN SUN PROTECTION

THE EUROPEAN SUN PROTECTION MARKET

LATEST INNOVATIONS AND FUTURE OPPORTUNITIES

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2015

2020

0 10,000 20,000 30,000 40,000

34%

28%

15%

16%

22%

23%

18%

21%

Sunscreen Ingredients in Beauty and Personal Care GloballySUNSCREEN INGREDIENTS: GLOBAL MARKET

Asia-Pacific

Main global growth driver

North America

Largest market Losing share as emerging markets gain momentumMarket size, Tonnes

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11% CAGR

Top Ten Markets for Sunscreen IngredientsSUNSCREEN INGREDIENTS: GLOBAL MARKET

GERMANY 1300 T

SPAIN 1200 T

UK 900 T

ITALY 800 T

FRANCE 600 T

CHINA 2500 T

JAPAN 800 T

SOUTH KOREA 600 T

BRAZIL 3200 T

USA 9,600 TMain global market

70% GLOBAL MARKET (2015)

1% CAGR5% CAGR

3% CAGR

6% CAGR

6% CAGR

7% CAGR

5% CAGR

11% CAGR

10% CAGR

*CAGR (2015-2020)

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Commercially Available UV Filters SUNSCREEN INGREDIENTS: GLOBAL MARKET

INCI Name / USAN Name Abbreviation Globally approved

Bis-Ethylhexyloxyphenol Methoxyphenyl Triazine / Bemotrizinol BEMT No

Butyl Methoxydibenzoylmethane / Avobenzone BMBM Yes

Terephthalylidene Dicamphor Sulfonic Acid / Ecamsule TDSA Yes

Zinc Oxide ZnO Yes

Benzophenone-3 / Oxybenzone BP3 Yes

Diethylhexyl Butamido Triazone / Iscotrizinol DBT No

Ethylhexyl Methoxycinnamat e/ Octinoxate EHMC Yes

Ethylhexyl Salicylate / Octisalate EHS Yes

Ethylhexyl Triazone / Octyltriazone ETH No

Homosalate HMS Yes

Octocrylene OCR Yes

Phenylbenzimidazol Sulfonic Acid / Ensulizole PBSA Yes

Titanium Dioxide TiO2 Yes

* Others refers to any other UV filter not included in the table

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The Evolution of Sun ProtectionSUNSCREEN INGREDIENTS: GLOBAL MARKET

UVB

UVB &

UVA II

BROAD

SPECTRUM

FUTURE

1940First sunscreen

1970 -1990SPF on labelsUVA protectionDifferent regulations

NOWUVB / Full UVA ?

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44%

30%

16%

10%

Type of UV Filter in Sun ProtectionSUNSCREEN INGREDIENTS: GLOBAL MARKET

North America

Sunscreens provide less UVA protection

9%Minerals

11%Minerals

35%Minerals

11%Minerals

47%

57%

27%

14%

39%

24%

9%

29%

60%25%

9%7%

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Growth Opportunities for Sunscreen IngredientsSUNSCREEN INGREDIENTS: GLOBAL MARKET

CAGR

% (2

015-

2020

)

HMS EHSEHMC EHT OCR

TiO2 BPPBSA DBT

BMBMTDSA ZnO

BEMTOthers

-30

-20

-10

0

10

20

30

40

50

UVB UVB /UVA II UVA I / UVA II UVB / UVA I-II

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Sunscreen Ingredients by CategorySUNSCREEN INGREDIENTS: GLOBAL MARKET

Asia PacificThe most fragmented market

75%

Sun CareSkin CareColour CosmeticsBaby and Child-specific ProductsHair Careothers

90%

80% 75%

60%35%

THANK YOU FOR ATTENTION

FOR FUTHER INSIGHT PLEASE CONTACT

Maria Coronado RoblesIndustry Analyst – IngredientsTwitter: @coronado_roble

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