USD 19.1 billion
Report ID: SQMIG30L2083 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 62 | Figures: 75
Nail Care Products Market size was valued at USD 19.1 billion in 2021 and is poised to grow from USD 20.02 billion in 2022 to USD 30.08 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).
Given the significance of keeping good nail health and its potential to assure fantastic aesthetics, people are becoming more and more likely to use nail care products. The removal of pollutants from the hands and feet, stopping and cleaning nail fungal infections, and preventing painful ingrown fingernails and toenails are all possible with proper nail care. As a result, this encourages increased usage among consumers. A development opportunity for the market is provided by the rising production of sophisticated nail care items that have an antioxidant impact, are formed of composite material, and effectively sterilise the nail. For instance, the Hansel UV Smart LED Sterilizer Box Cosmetic Nail Cleaning Kit includes an EU plug, bracing, and antioxidant support. It is also composed of composite material. The number of beauty salons in countries all over the world has led to propel the use of the product and act as a driving factor for the market growth. For instance, the data published by the Small Business Development Centres Net.Org in May 2020, is stating that the United States has possessed 77,000 beauty salons. The growing popularity of ladies using nail care products to improve their appearance and attire has also significantly boosted demand. In addition, nail care companies are progressively running advertisements on billboards, television, social media, and other platforms. Nevertheless, some of the product's components caused negative side effects such skin rashes, eye damage, allergic responses, and others that are preventing the market from expanding.
US Nail Care Products Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 19.1 billion
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Global Nail Care Product Market is segmented on the basis of Product Type, Distribution Channels, End User and Geography. By Product Type, the market is segmented into Nail Polish, Nail Treatments, Nail Polish Remover, Nail Cleanser. By Distribution Channels, market is segmented into E-Commerce and Retailer Stores. By End User, the market is segmented into Household and Salon. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product Type
The Nail Polish segment dominated the Global Nail Care Product Market. With a market share of more than 70%, the nail polish category held the top spot. Rising nail art trends and frequent shifts in fashion among millennials and Gen Z are propelling the market segment's expansion. The industry is also fuelled by an increase in product releases and vibrant social media trends. For example, French nail art returned in 2022. In September 2021, Signature Nail Systems (SNS) unveiled the 32 distinct hues that make up their "Napa Valley" collection, which was inspired by the wine region.
The Artificial Nails segment is the fastest growing segment. A lot of people choose artificial nails since natural nails break easily; artificial nails have become a new trend among millennials and Gen Z. Product introductions in this market sector portend well for market expansion. For example, in November 2021 Olive & June introduced instant press-on nails, which come in 21 sizes and may last for seven days. Similar to this, renowned actress Sonakshi Sinha introduced the SOEZI nail polish line to India in May 2022.
Analysis by End User
The Household segment dominated the Global Nail care product Market. Consumers' purchasing decisions and the uptake of new products are influenced by a variety of factors, including price, simplicity of use, and product accessibility. Product sectors have been greatly aided in becoming mainstream by the widespread availability of goods in retail stores, beauty parlours, pharmacies, supermarkets, and company-owned outlets. Yet, online sales are booming as a result of other factors, including free product delivery, simple payment options, and the availability of a wide range of products.
The Salon segment is the fastest growing segment. Over the projected period, market growth is anticipated to be fuelled by an increase in the number of such service providers as well as an increase in the number of mobile-based apps that offer doorstep salon services. While first-time customers typically prefer to have their manicures performed by professionals who have a greater understanding of the anatomy/structure of the hand, these services have been advertising goods of various brands.
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Asia Pacific dominated the global nail care product market. There is a good chance that the market growth will be positively impacted by the rising popularity of numerous trends and new product releases in China, India, and Indonesia, three emerging markets. For instance, the online beauty app Nykaa helped Ciaté London, a beauty brand, launch in India in October 2021. The company sells a variety of coloured gel-based paint pots. The overall market in Asia Pacific nations has been driven by new product development as well as the rising number of start-ups devoted to providing consumers with new and improved items. For instance, in April 2022, the Pokémon Co. and the cosmetics manufacturer Maybelline created a range of nail paint and other cosmetics with a Pokémon motif. Meowth, Eevee, Piplup, Pikachu, Jigglypuff, and Scorbunny were among the six Pokémon-themed gel-based nail paint varieties that were part of the product range. The nail paints include a vegan formula that dries quickly and moisturises. Future industry growth is encouraged by such product introductions.
Europe is expected to be the fastest-growing region in the global nail care product market. The expansion of nail salons and nail care facilities in Germany, France, and the United Kingdom as well as the introduction of new products and the expansion of opportunities for women in the workforce are all expected to have a beneficial impact on the industry's expansion in Europe. Due to the increased demand for cosmetic and personal beauty products from nations like the U.K. and France, Europe is one of the top markets globally. For instance, Hermès introduced a new gel-based nail polish range in August 2021 with 24 distinct hues and ultrafine, bio-sourced pigments.
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Growing Awareness of Personal Grooming
Influence of Fashion and Beauty Trends
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Global Nail care product Market is highly competitive, with several major players operating in the industry. As some of the leading producers of beauty and cosmetic items, including many varieties of nail care products, the major competitors in this market are in fierce competition with one another. Both in regional and global marketplaces, these businesses have sizable consumer bases for their products. These market participants also benefit from strong and extensive distribution networks that enable them to reach a wider customer base.
Top Player’s Company Profiles
Shiseido Company, Limited
Procter & Gamble Co.
Johnson & Johnson Services, Inc.
Avon Products, Inc.
Oriflame Holding AG
Christian Dior SE
Natura & Co Holding SA
Henkel AG & Co. KGaA
Vegan Nail Care Product are in high demand
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global nail care market analysis, the market growth is driven by changing consumer preferences and evolving fashion trends. The market includes a range of products such as nail polish, nail polish remover, nail treatments, and nail accessories that are used to maintain and enhance the appearance and health of nails. The market is segmented by product type, distribution channel, End user and region. Nail polish is the largest product segment and is expected to continue to dominate the market in the coming years and fastest growing is artificial nails. The dominant region is Asia Pacific and fastest growing region is Europe. The demand for nail care products is driven by several factors, including the growing awareness of personal grooming, the influence of fashion and beauty trends, and changing lifestyles worldwide.
|Market size value in 2021||USD 19.1 billion|
|Market size value in 2030||USD 20.02 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
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For the Global Nail Care Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Nail Care Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Nail Care Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Nail Care Products Market for additional countries.
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