Market Insights Consumer Beauty & Personal Care Skin Care

Sun Protection - South America

South America

In South America, the revenue generated in the Sun Protection market in 2024 amounts to €0.52bn.
It is projected that the market will experience an annual growth rate of 7.31% (CAGR 2024-2029).
When compared to the global market, in the United States leads in revenue generation with €1,905m in 2024.
Taking into account the total population figures, per person revenues of €1.25 are generated in 2024.
In South America, the demand for sun protection products has been steadily increasing due to the region's tropical climate and high levels of sun exposure.

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

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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.