Market Insights Consumer Beauty & Personal Care Skin Care

Sun Protection - Hong Kong

Hong Kong

In 2024, Hong Kong's Sun Protection market is projected to generate revenue of €8.58m.
It is anticipated that this market segment will witness an annual growth rate of 1.86% (CAGR 2024-2029).
When compared globally, in the United States leads in revenue generation, with a total of €1,905m in 2024.
Considering the population figures, per person revenues are estimated to be €1.14 in 2024.
The demand for high SPF sunscreens is on the rise in Hong Kong due to the city's high UV index and awareness about skin protection.

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

Marché

Région

Comparaison de régions

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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.