Transparency Market Research delivers key insights on the global premium self-tanning products market. In terms of revenue, the global premium self-tanning products market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global premium self-tanning products market report.
In this market report, TMR predicts that the exponential growth in the spending power of the middle class population across developing countries, popularly trending as Premiumization, is anticipated to have an affirmative impact on the premium self-tanning products market. Consumers in developing economies such as India, Brazil, and China are becoming more attracted to luxury brands and are willing to pay extra for the superior quality products.
Premiumization of self-tanning products, in term of efficacy and environment friendliness, is anticipated to be a key factor in the upcoming years. Sustainability and awareness regarding the environment is anticipated to have noteworthy influence on the decisions regarding type of materials and active ingredients used to make both the product as well as packaging. The ability of market participants to efficiently meet the expectations of their eco-friendly consumers is likely to drive the premium self-tanning products market in the forthcoming years.
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In terms of type, the premium self-tanning products market has been segmented into facial self-tanners and body self-tanners. During the forecast period, the market is anticipated to be dominated by the body self-tanning products segment. In the report, based on form, the premium self-tanning products market has been segmented into gel, lotion, spray, oil, cream, and others.
Based on ingredient, the premium self-tanning products market has been bifurcated into natural and organic. The organic segment is anticipated to expand at a significant growth rate during the forecast timeline.
In terms of gender, the premium self-tanning products market has been categorized into male, female, and unisex. The male segment is anticipated to expand at a higher pace. In terms of distribution channel, the premium self-tanning products market has been divided into online and offline. During the forecast period, the online distribution channel of the premium self-tanning products market is anticipated to expand quickly. Asia Pacific has seen a surge in the adoption of e-Commerce among consumers, which, in turn, has increased online retail sales of premium self-tanning products.
A unique research methodology has been utilized by TMR to conduct a comprehensive research on the growth of the global premium self-tanning products market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
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Secondary sources referred to by analysts during the production of the global premium self-tanning products market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, products portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the premium self-tanning products market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from premium self-tanning products industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global premium self-tanning products market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global premium self-tanning products market more reliable and accurate.
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