Market Insights Consumer Beauty & Personal Care Cosmetics

Nails - Dominican Republic

Dominican Republic

In the Dominican Republic, the revenue generated in the Nails market is estimated to reach US$20.41m in 2024.
It is projected that the market will experience an annual growth rate of 8.17% (CAGR 2024-2029).
When compared globally, in China leads the pack with a revenue of US$2,085m in 2024.
In terms of per capita figures, each individual in the Dominican Republic is expected to contribute US$1.79 in revenue in 2024.
The demand for high-quality, locally-made nail products is on the rise in the Dominican Republic, as consumers prioritize supporting local businesses.

Key regions: South Korea, Worldwide, Canada, United States, Indonesia

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.