Market Insights Consumer Beauty & Personal Care Cosmetics

Face Cosmetics - Puerto Rico

Puerto Rico

In 2024, the Face market in Puerto Rico is projected to generate a revenue of US$34.22m.
It is expected to experience an annual growth rate of 2.98% from 2024 to 2028 (CAGR 2024-2028).
When compared to other countries worldwide, in the United States leads the market with a revenue of US$7,461m in 2024.
In terms of per capita income, each individual in Puerto Rico is expected to generate US$10.47 in revenue in 2024.
In Puerto Rico, the face makeup market is dominated by brands that offer products specifically tailored to the tropical climate and diverse skin tones of the island.

Key regions: United Arab Emirates, India, Indonesia, South Korea, Worldwide

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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.