Market Insights Consumer Beauty & Personal Care

Cosmetics - Puerto Rico

Puerto Rico

In Puerto Rico, the revenue in the Cosmetics market is projected to reach US$103.40m in 2024.
It is anticipated that the market will experience an annual growth rate of 2.87% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this market, amounting to US$20,130m in 2024.
In terms of per capita income, in Puerto Rico is expected to generate US$31.65 in revenue per person in 2024.
By 2024, none of the sales in the Cosmetics market will be attributed to none goods.
In Puerto Rico, the demand for organic and locally sourced cosmetics is on the rise, as consumers prioritize sustainability and supporting local businesses.

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

Market

Region

Region comparison

Currency

Methodology

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.