Latin America and the Caribbean’s Manicure or Pedicure Preparations Market to Show Modest Growth with +0.5% CAGR – News and Statistics

May 14, 2025

IndexBox has just published a new report: Latin America and the Caribbean – Manicure Or Pedicure Preparations – Market Analysis, Forecast, Size, Trends And Insights.

The manicure and pedicure preparations market in Latin America and the Caribbean is set to experience an upward consumption trend over the next decade, driven by rising demand. The market performance is expected to slightly increase, with a projected CAGR of +0.5% in volume and +1.4% in value from 2024 to 2035. By the end of 2035, the market volume is forecasted to reach 44K tons and the market value is expected to reach $558M in nominal prices.

Market Forecast

Driven by rising demand for manicure or pedicure preparations in Latin America and the Caribbean, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.5% for the period from 2024 to 2035, which is projected to bring the market volume to 44K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.4% for the period from 2024 to 2035, which is projected to bring the market value to $558M (in nominal wholesale prices) by the end of 2035.

Consumption

Latin America and the Caribbean’s Consumption of Manicure Or Pedicure Preparations

In 2024, consumption of manicure or pedicure preparations was finally on the rise to reach 42K tons after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the consumption volume increased by 6.7%. Over the period under review, consumption hit record highs at 45K tons in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

The value of the manicure or pedicure preparations market in Latin America and the Caribbean stood at $479M in 2024, with an increase of 7.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). In general, consumption, however, recorded a abrupt slump. As a result, consumption reached the peak level of $1.3B. From 2022 to 2024, the growth of the market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2024 were Brazil (17K tons), Mexico (11K tons) and Argentina (4.6K tons), with a combined 77% share of total consumption. Colombia, Guatemala, Chile and Peru lagged somewhat behind, together accounting for a further 17%.

From 2013 to 2024, the biggest increases were recorded for Peru (with a CAGR of +5.8%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($223M) led the market, alone. The second position in the ranking was taken by Mexico ($104M). It was followed by Colombia.

In Brazil, the manicure or pedicure preparations market increased at an average annual rate of +1.6% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of market growth: Mexico (-0.9% per year) and Colombia (+0.3% per year).

The countries with the highest levels of manicure or pedicure preparations per capita consumption in 2024 were Argentina (98 kg per 1000 persons), Mexico (80 kg per 1000 persons) and Guatemala (79 kg per 1000 persons).

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Peru (with a CAGR of +4.5%), while consumption for the other leaders experienced mixed trends in the per capita consumption figures.

Production

Latin America and the Caribbean’s Production of Manicure Or Pedicure Preparations

In 2024, after three years of decline, there was significant growth in production of manicure or pedicure preparations, when its volume increased by 14% to 36K tons. Over the period under review, production, however, recorded a relatively flat trend pattern. Over the period under review, production hit record highs at 41K tons in 2014; however, from 2015 to 2024, production remained at a lower figure.

In value terms, manicure or pedicure preparations production skyrocketed to $467M in 2024 estimated in export price. Overall, production saw a relatively flat trend pattern. The level of production peaked at $492M in 2014; however, from 2015 to 2024, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2024 were Brazil (16K tons), Mexico (11K tons) and Colombia (4.3K tons), together accounting for 84% of total production.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Mexico (with a CAGR of +2.1%), while production for the other leaders experienced mixed trends in the production figures.

Imports

Latin America and the Caribbean’s Imports of Manicure Or Pedicure Preparations

After three years of growth, overseas purchases of manicure or pedicure preparations decreased by -29.1% to 13K tons in 2024. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 83%. The volume of import peaked at 18K tons in 2023, and then declined significantly in the following year.

In value terms, manicure or pedicure preparations imports declined to $99M in 2024. Overall, imports continue to indicate a mild decline. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. Over the period under review, imports attained the maximum at $127M in 2022; however, from 2023 to 2024, imports failed to regain momentum.

Imports By Country

In 2024, Mexico (5.7K tons) was the main importer of manicure or pedicure preparations, constituting 44% of total imports. Brazil (1.3K tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Chile (7.6%) and Peru (7.3%). Argentina (547 tons), Colombia (545 tons), El Salvador (370 tons), Nicaragua (366 tons), Honduras (333 tons) and Guatemala (332 tons) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of manicure or pedicure preparations. At the same time, Brazil (+11.9%), Colombia (+4.3%), Peru (+2.9%), Argentina (+2.0%) and Honduras (+1.5%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +11.9% from 2013-2024. By contrast, Nicaragua (-1.1%), Chile (-2.1%), Guatemala (-3.9%) and El Salvador (-4.6%) illustrated a downward trend over the same period. While the share of Brazil (+7.4 p.p.), Peru (+2.4 p.p.) and Colombia (+1.8 p.p.) increased significantly in terms of the total imports from 2013-2024, the share of El Salvador (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($27M) constitutes the largest market for imported manicure or pedicure preparations in Latin America and the Caribbean, comprising 27% of total imports. The second position in the ranking was taken by Colombia ($10M), with a 10% share of total imports. It was followed by Chile, with a 10% share.

In Mexico, manicure or pedicure preparations imports shrank by an average annual rate of -1.3% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Colombia (+6.7% per year) and Chile (-4.6% per year).

Import Prices By Country

The import price in Latin America and the Caribbean stood at $7,726 per ton in 2024, growing by 25% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 28% against the previous year. Over the period under review, import prices reached the peak figure at $11,299 per ton in 2015; however, from 2016 to 2024, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($19,109 per ton), while Nicaragua ($2,354 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Honduras (+5.8%), while the other leaders experienced more modest paces of growth.

Exports

Latin America and the Caribbean’s Exports of Manicure Or Pedicure Preparations

In 2024, shipments abroad of manicure or pedicure preparations decreased by -15% to 7.7K tons, falling for the second consecutive year after two years of growth. Total exports indicated a slight expansion from 2013 to 2024: its volume increased at an average annual rate of +1.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports decreased by -18.4% against 2022 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77%. The volume of export peaked at 9.4K tons in 2022; however, from 2023 to 2024, the exports failed to regain momentum.

In value terms, manicure or pedicure preparations exports shrank to $60M in 2024. In general, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2017 when exports increased by 7.9% against the previous year. Over the period under review, the exports attained the maximum at $96M in 2013; however, from 2014 to 2024, the exports failed to regain momentum.

Exports By Country

In 2024, Mexico (5.5K tons) was the major exporter of manicure or pedicure preparations, comprising 72% of total exports. Colombia (905 tons) ranks second in terms of the total exports with a 12% share, followed by Guatemala (9.6%). Brazil (267 tons) took a relatively small share of total exports.

Mexico was also the fastest-growing in terms of the manicure or pedicure preparations exports, with a CAGR of +6.5% from 2013 to 2024. Colombia (-1.2%), Guatemala (-3.9%) and Brazil (-8.9%) illustrated a downward trend over the same period. While the share of Mexico (+29 p.p.) increased significantly in terms of the total exports from 2013-2024, the share of Colombia (-4.1 p.p.), Guatemala (-8 p.p.) and Brazil (-8 p.p.) displayed negative dynamics.

In value terms, Mexico ($37M) remains the largest manicure or pedicure preparations supplier in Latin America and the Caribbean, comprising 62% of total exports. The second position in the ranking was taken by Colombia ($13M), with a 22% share of total exports. It was followed by Brazil, with a 7.2% share.

In Mexico, manicure or pedicure preparations exports decreased by an average annual rate of -4.4% over the period from 2013-2024. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (-0.6% per year) and Brazil (-2.8% per year).

Export Prices By Country

In 2024, the export price in Latin America and the Caribbean amounted to $7,817 per ton, increasing by 3.2% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 an increase of 11%. Over the period under review, the export prices attained the peak figure at $15,283 per ton in 2020; however, from 2021 to 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($16,137 per ton), while Guatemala ($4,142 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Brazil (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform