Market Insights Consumer Beauty & Personal Care

Fragrances - Puerto Rico

Puerto Rico

In Puerto Rico, the Fragrances market is projected to generate revenue of US$71.63m in 2024.
The market is anticipated to grow at an annual rate of 1.75% (CAGR 2024-2029).
When compared globally, in the United States leads in revenue generation with US$8,862m in 2024.
In terms of per capita income, each person in Puerto Rico is expected to contribute US$21.91 to the Fragrances market in 2024.
It is worth noting that by 2024, none of the sales in the Fragrances market will be attributed to none goods.
In Puerto Rico, the fragrance market is booming with a strong demand for tropical scents inspired by the island's lush flora and vibrant culture.

Key regions: Malaysia, Worldwide, United Arab Emirates, United Kingdom, Indonesia

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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.