Market Insights Consumer Beauty & Personal Care Cosmetics

Nails - Luxembourg

Luxembourg

in Luxembourg, a small country Europe, is not only known for its beautiful landscapes and rich history, but it also plays a significant role in the Nails market.
In 2024, the revenue in this market segment in Luxembourg amounts to a substantial US$3.48m.
This figure reflects the total value of sales and transactions related to nails within the country.
Looking ahead, the Nails market in Luxembourg is projected to experience steady growth.
It is expected to expand annually by 3.23%, as calculated by the compound annual growth rate (CAGR) from 2024 to 2029.
This positive growth trend demonstrates the increasing demand for nails within the country.
When comparing Luxembourg's revenue in the Nails market to other countries globally, in China emerges as the leading player.
In 2024, in China generates a remarkable revenue of US$2,085m.
This substantial difference in revenue highlights in China's dominant position in the global Nails market.
To provide a more comprehensive perspective, it is essential to consider the per person revenues generated in Luxembourg.
In 2024, the per person revenue stands at US$5.27.
This figure represents the average revenue generated per individual within the country.
It serves as an indicator of the market's overall performance and the level of consumption of nails by the population in Luxembourg.
In summary, the Nails market in Luxembourg showcases promising revenue figures, reflecting a growing demand for nails within the country.
While in China leads the global market, Luxembourg's per person revenue demonstrates a steady level of consumption.
As the market continues to evolve, it will be interesting to observe how these figures develop in the coming years.
The nail industry in Luxembourg is thriving, with a strong demand for high-quality, luxurious nail products and services.

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

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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.