Market Insights Consumer Beauty & Personal Care Personal Care

Shaving - Colombia

Colombia

In Colombia, the revenue in the Shaving market reaches a substantial amount of €150.50m in 2024.
It is projected that the market will experience an annual growth rate of 2.89% (CAGR 2024-2029).
Comparatively, in China generates the highest revenue in the global Shaving market, amounting to an impressive €5,853m in 2024.
Looking at the population figures, in 2024, the per person revenue stands at €2.88.
Despite a growing interest in grooming and personal care, traditional wet shaving remains the preferred method for many Colombians.

Key regions: Canada, Indonesia, United States, United Kingdom, Singapore

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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.