Market Insights Consumer Beauty & Personal Care Skin Care

Sun Protection - Ecuador

Ecuador

In Ecuador, the revenue in the Sun Protection market is projected to reach €7.89m in 2024.
Looking ahead, the market is expected to experience an annual growth rate of 2.48% (CAGR 2024-2029).
When compared to other countries around Worldwide, in the United States leads the pack with a revenue of €1,905m in 2024.
In terms of per capita figures, each individual in Ecuador generates revenues of €0.43 in 2024.
"The demand for sun protection products in Ecuador has surged due to the country's year-round sunny climate and increasing awareness of the harmful effects of UV radiation."

Key regions: Singapore, United States, United Arab Emirates, United Kingdom, Malaysia

Marché

Région

Comparaison de régions

Monnaie

Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.