Market Insights Consumer Beauty & Personal Care Skin Care

Sun Protection - Georgia

Georgia

In Georgia, the revenue generated in the Sun Protection market reached US$1.54m in 2024.
It is projected to experience an annual growth rate of 3.05% (CAGR 2024-2029).
Comparing it to the global market, in the United States leads with a revenue of US$2,054m in 2024.
When considering the population, the per person revenue in Georgia amounts to US$0.42 in 2024.
Demand for sun protection products in Georgia has surged in recent years due to the country's growing tourism industry and increased awareness about the importance of sun safety.

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.