Care Products market in Panama

The Panamanian Care Products eCommerce market is predicted to reach US$93.2 million by 2024 and accounts for 8.4% of the total eCommerce market in Panama. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 8.9%, resulting in a projected market volume of US$131.2 million by 2028. Within the Care Products market ECDB considers the following three sub-markets: Personal Care, Health Care, and Household Care.

Market development

eCommerce revenue development in the Nail Cosmetics market in Panama

The Panamanian Nail Cosmetics eCommerce market is predicted to reach US$2.5 million by 2024 and accounts for 25.9% of the Decorative Cosmetics eCommerce market in Panama. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 6.7%, resulting in a projected market volume of US$3.3 million by 2028. The Nail Cosmetics eCommerce market is a sub-market of the Decorative Cosmetics market. Further categories within the Decorative Cosmetics market are: Eye Cosmetics, Lipsticks, Make-up, and Other Decorative Cosmetics.

eCommerce revenue development in the Nail Cosmetics market in Panama

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Nail Cosmetics market in Panama

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)93.650.943.111.569.945.966.356.3

Market definition

Definition of the Nail Cosmetics market within the Care Products market

Market definition: Care Products > Personal Care > Decorative Cosmetics > Nail Cosmetics The category Nail Cosmetics includes the online trade of nail polish (e.g. base coats, top coats, colored polish), nail strengtheners and hardeners, nail polish removers, and more. This category does not cover nail care (e.g. nail clippers, nail files, nail buffers, nail scissors). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Nail polish (e.g. base coats, top coats, colored polish)
  • Nail strengtheners and hardeners
  • Nail polish removers
  • Nail extensions and false nails (e.g. acrylic nails, gel nails, press-on nails)

Out-of-scope

  • Nail care (e.g. nail clippers, nail files, nail buffers, nail scissors)

Market comparison

The Panamanian Nail Cosmetics market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis