In 2023, the manicure or pedicure preparations market size value per capita in the US stood at approximately $6.73. The forecast for 2024 suggests an increase to $6.77, maintaining a steady annual growth trajectory, reaching $6.93 by 2028. This reflects a consistent year-on-year growth, with variations slightly above 0.5% between adjacent years over the forecast period.
- In 2024: $6.77, marking a subtle growth from 2023.
- By 2025: $6.81, continuing the gradual incline.
- By 2026: $6.85, sustaining the upward trend.
- By 2027: $6.89, demonstrating consistent rise.
- By 2028: $6.93, culminating the forecast period with steady growth.
Over the past five years, the compound annual growth rate (CAGR) is approximately 0.6%. This indicates a modest yet steady expansion in the market. Future trends to watch include increased consumer interest in at-home beauty solutions, potential innovation in sustainable and health-focused products, and the impact of macroeconomic factors on consumer spending behavior.
