Market Insights Consumer Beauty & Personal Care Cosmetics

Nails - Mexico

Mexico

In Mexico, the revenue generated in the Nails market is projected to reach US$229.20m in 2024.
It is anticipated that the market will experience an annual growth rate of 2.08% (CAGR 2024-2029).
When compared globally, in China stands out as the top revenue generator in the Nails market, with a projected revenue of US$2,085m in 2024.
Considering the total population figures, per person revenues of US$1.77 are expected to be generated in Mexico in 2024.
The demand for nail art in Mexico has surged in recent years, with intricate designs and bold colors becoming a popular trend among Mexican consumers.

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.