Market Insights Consumer Beauty & Personal Care Skin Care

Face Skin Care - Panama

Panama

In Panama, the revenue generated in the Face market in 2024 amounts to US$87.94m.
It is projected that this market will experience an annual growth rate of 4.81% from 2024 to 2029 (CAGR 2024-2029).
When comparing the revenue generated globally, in Japan leads the pack with US$17,990m in 2024.
In terms of per capita revenue, each person in Panama is estimated to generate US$19.42 in 2024.
Panamanian consumers are increasingly seeking out natural and organic face products, reflecting a growing interest in sustainable and environmentally-friendly beauty options.

Key regions: United States, Indonesia, United Arab Emirates, South Korea, Canada

Market

Region

Region comparison

Currency

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.