Market Insights Consumer Beauty & Personal Care Skin Care

Sun Protection - Bosnia and Herzegovina

Bosnia and Herzegovina

In Bosnia and Herzegovina, the revenue in the Sun Protection market in 2024 is estimated to be US$1.68m.
It is projected to experience an annual growth rate of 2.28% from 2024 to 2029, according to the compound annual growth rate (CAGR).
When compared to other countries worldwide, in the United States leads the pack with a revenue of US$2,054m in 2024.
Considering the population size, the per person revenue in Bosnia and Herzegovina amounts to US$0.53 in 2024.
The demand for sun protection products in Bosnia and Herzegovina has significantly increased due to the country's high exposure to sunlight and growing awareness about the importance of skin protection.

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

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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.