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Sun Protection - Equatorial Guinea

Equatorial Guinea
  • In 2024, Equatorial Guinea's revenue in the Sun Protection market reaches US$1.01m.
  • Looking ahead, it is projected to experience a yearly growth rate of 6.35% (CAGR 2024-2029).
  • When comparing globally, United States leads the way with a revenue of US$2bn in 2024.
  • Considering the population, in Equatorial Guinea generates per person revenues of US$0.57 in 2024.
  • Equatorial Guinea has seen a surge in the demand for high SPF sunscreens due to its proximity to the Equator and intense UV radiation.

Definition:

The market Sun Protection includes cosmetic products used for sun protection of the skin. These incorporate all types of adult sunscreens, sun sprays, and after-sun lotions. Excluded are baby sunscreens and usual body lotions.

Additional Information:

The market comprises revenue, average revenue per capita, and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Adult sunscreen
  • Sun sprays
  • After sun

Out-Of-Scope

  • Baby & child sunscreen
  • Body lotions

Revenue

Notes: Data shown is using current exchange rates and reflect market impacts of Russia-Ukraine war.

Most recent update: Nov 2024

Source: Statista Market Insights

Most recent update: Nov 2024

Source: Statista Market Insights

Key Players

Most recent update: Mar 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Mar 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Nov 2024

Source: Statista Market Insights

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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