The manicure and pedicure preparations market in Cyprus has seen a declining trend in value per capita from $5.87 in 2013 to $1.84 in 2023, reflecting a significant decrease over the period. The market contracted largely each year, with noteworthy declines between 2019 and 2023. Particularly, the year-on-year variations from 2022 to 2023 saw a notable decline of 14.8%. The CAGR for the last five years is approximately -10%, illustrating a steady downturn.
Future trends to watch include a potential recovery in market value as consumer spending rebounds post-economic fluctuations. Additionally, increasing awareness of personal grooming and beauty regimes could influence market dynamics positively. Monitoring shifts towards sustainable and organic products could also introduce growth opportunities in this category.
