USD 16.23 billion
Report ID:
SQMIG25K2114 |
Region:
Global |
Published Date: April, 2025
Pages:
190
|Tables:
119
|Figures:
71
Global Nail Polish Market size was valued at USD 16.23 billion in 2023 and is poised to grow from USD 17.35 billion in 2024 to USD 29.59 billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).
Demand for gel-based, non-toxic, and breathable nail lacquers is increasing as customers prefer healthier alternatives than traditional formulations. With increased awareness about toxic ingredients such as formaldehyde, toluene, and dibutyl phthalate (DBP), big brands have introduced "3-free," "5-free," and even "10-free" offerings. Vegan and cruelty-free nail polishes appeal the most to consumers, as ethical beauty becomes a trend.
For example, L'Oréal's Essie and OPI by Coty have introduced plant-based items that appeal to this new trend. Furthermore, regulation by agencies like the European Chemicals Agency (ECHA) and the U.S. Food and Drug Administration (FDA) has encouraged companies to phase out toxic chemicals from their nail polish offerings.
There are, nonetheless, some challenges hampering the global nail polish market growth. The nail polish industry comes under growing scrutiny due to health and environmental concerns. The EU Cosmetic Regulation (EC No 1223/2009), the U.S. FDA, and the California Safe Cosmetics Program have stringent restrictions on chemical formulation, labeling, and safety disclosure.
For example, California's Proposition 65 mandates companies to report any chemical that can potentially cause harm, leading to increased compliance costs. Furthermore, issues surrounding volatile organic compounds (VOCs) in some formulations have led to tighter controls on air emissions of quality, particularly indoors like in nail salons. Such regulatory concerns pose challenges to smaller brands to achieve economies of scale, thereby limiting market growth.
Market snapshot - 2025-2032
Global Market Size
USD 16.23 billion
Largest Segment
Specialty Beauty Stores
Fastest Growth
Online Stores
Growth Rate
6.9% CAGR
To get more reports on the above market click here to Buy The Report
Global Nail Polish Market is segmented by Product, Distribution Channel, Price Range, Consumer Group and region. Based on Product, the market is segmented into Regular Nail Polish, UV Gel Nail Polish, Dip Powder, Acrylic, Polygel and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Pharmacies & Drugstores, Specialty Beauty Stores, Salons & Spas and E-commerce/Online. Based on Price Range, the market is segmented into Low, Mid and High. Based on Consumer Group, the market is segmented into Men, Women and Kids. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
As per the 2024 global nail polish market analysis, the regular nail polish segment captured the maximum market share with a revenue of close to 47%. Ease of application, cost-effectiveness, and a wide range of colors are the benefits of conventional nail polish that are predicted to propel their demand throughout the forecast period. Various key players like Coty Inc., Sally Hansen, and Essie Cosmetics, Ltd. offer mass polish with bio ingredients to meet the demands of eco-conscious consumers. For instance, Coty Inc. offers a plant-based nail polish, "Kind & Free Plant-Based Nail Polish." It includes algae and is free from fragrance, mineral oils, and animal-derived ingredients.
The UV gel nail polish category is expected to grow at the highest CAGR during the forecast period. Nail polish based on gel has been a trend as one of the most popular online manicure products in recent years. These products are more durable than liquid-based nail polish and are easy to apply. These benefits are driving product demand. There are also gel nails that take the shape of nail extensions, and these can be made with a hard gel product that will cure under ultraviolet and LED light.
Based on the 2024 global nail polish market forecast, the specialty beauty stores segment dominated the market with a revenue of more than 35%. Some customers are concerned about online product description authenticity and accuracy; hence, they choose the store, where they can personally verify the product's authenticity and quality. More than half of American consumers prefer to increase their purchases of beauty products in physical stores rather than online, highlighting the preference for purchasing beauty and personal care products from specialty and convenience stores.
The online stores segment is expected to grow at the highest CAGR during the forecast period. Consumers' interest in online shopping is also increasing because of the convenience of online shopping, discounts and offers, home delivery options, and plenty of products. Moreover, services such as easy replacement, cash on delivery, and one-day delivery for members on e-commerce websites are driving the growth of the online segment.
To get detailed analysis on other segments, Request For Free Sample Report
The North America nail polish market is around USD 3.3 billion in size in 2024. North America leads the market due to high consumer spending on personal care, a highly developed beauty sector, and a high number of nail salons and technicians. The region also features some of the leading brands of the world such as OPI, Essie, and Sally Hansen, which continue to innovate with new trends and ingredients.
Demand from customers for many shades, convenience in use, and increasing interest in environmentally friendly products are the prime drivers that push the nail polish market in the United States. Mass brands like Essie, Sally Hansen, and OPI are leading the market, and customers are inclining towards products whose formulas are plant-based and chemical-free. Apart from that, nail salons and online retailers also play a major role in the growth. In 2024, the market would likely continue to grow because of developments in green products.
The Canadian nail polish industry has witnessed consistent growth, which may be because of a demand for quality products and an increasing demand for eco-friendly brands. The number of buyers who have a demand for chemical-free, vegan, and cruelty-free is also rising continuously. Retail chains and small boutiques regulate the distribution, although there is increasing sales via internet shopping. Also, Canada's concentration on sustainability has compelled organizations to provide more variants of plant-based, environmentally sustainable nail products.
Europe accounted for a market share of around 23% during 2024. The beauty-conscious consumer base, growing need for eco-friendly and non-toxic formulation, and a mature professional nail care market drive the European nail polish market. The sector leaders in France, the UK, Germany, and Italy have an excessive demand for salon-grade and premium nail products. British consumers are increasingly sympathetic to green-friendly, cruelty-free, and vegan nail paints considering increased environmental consciousness and the stringent EU cosmetics regulations on restricting chemicals like formaldehyde and toluene.
The UK nail polish market is booming with special emphasis on long-wearing nail paints that dry quickly and are color-wise outstanding. The move towards cruelty-free, non-toxic, and vegan nail polish companies is being led by customers who are more environmentally aware. This demand is being fulfilled by well-known firms founded in the United Kingdom, including Nails Inc. and Barry M, and the online shopping convenience has contributed to the rise in popularity. Beauty product retailers and nail spas continue to be major players in the business, with high-end and salon-grade products particularly targeting such.
French demand for nail paint is increasingly being driven by a combination of fashion-conscious clients and a growing need for ecologically friendly cosmetic products. French companies like Chanel and Dior continue to be major market players by providing quality nail products. Eco-friendly options such as vegan and water-based polishes are becoming popular among environmentally conscious French consumers. There is a high demand for top-notch, luxury goods, and beauty parlors form an essential part of urban and rural destinations for the provision of beauty services like makeup and hair.
The German nail polish market is marked by a strong tendency toward green beauty cosmetic products and luxury goods with long shelf life. Green beauty trends have picked up popularity with consumers, and this has made green companies and organic ingredients more popular. German brands such as Catrice and Essie dominate the market, and online channels are gaining relevance. Most of the market also consists of nail care items, and it is predicted that this market will grow, particularly in the natural and vegan product categories.
The demand for nail polish is growing at a fast rate in Asia-Pacific and is being driven by the rising growth of the middle class and of the youth population who are fashion-conscious. South Korea, Japan, and China are some of the countries that have made significant contributions to the development of the region. These countries also possess an emerging need for luxury but affordable products. Celebrity and social media trends play a huge role in influencing consumers' decisions. There has been an increase in the number of eco-friendly products available for sale in this country too, with many companies now carrying vegan and cruelty-free nail polishes.
The China nail polish market is booming with revenue share of USD 1.5 Billion in 2024, due to China's increasing middle class, rising disposable incomes, and global exposure to beauty trends. There is a keen demand for domestic as well as international brands such as OPI and Chanel. People in China are becoming more conscious about ingredients used in products, and they are becoming more inclined toward safe and environmentally friendly preparations. In the most important channels of sales, ranking at the top is e-commerce, which encompasses online channels that provide customers with convenient access to large arrays of manicure products.
South Korea's nail polish industry has benefited the most from the beauty innovation culture in the country, making South Korea a leading player in the global beauty industry. South Korean consumers demand high-quality products that are durable and vibrant, and having trendy designs. At the same time, there is a discernible trend towards nail products that are vegan, non-toxic, and environmentally friendly, particularly among young demographics. Demand for Korean nail art trends continues to influence the industry, and popular Korean brands such as Innisfree and Etude House are among the country's leading brands.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Growing Demand for Environment-Friendly Products
Celebrities' and Social Media's Influence in the World
Concerns About the Potentially Toxic Ingredients
Expensive and High-Productivity Items
Request Free Customization of this report to help us to meet your business objectives.
Both traditional companies and new startups are embracing a host of strategies so that they can compete in the nail polish market, which is a very competitive market. Classic companies such as OPI and Sally Hansen are still ruling the roost with their new-age products, while newer players are creating a storm with their clean beauty, eco-friendly, and green series of products. By using online platforms for marketing, providing products that are customizable, and focusing on direct-to-consumer sales, startups are creating a competitive edge. Furthermore, influencer relationships and social media platforms are also used to help increase the size of their market.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global nail polish industry is experiencing great evolution for several reasons, such as the increased concern by consumers to use eco-friendly and non-toxic products and the role played by social media. The market is evolving due to specialized formulations as well as the ability to customize products, despite limitations that are presented by health issues as well as extremely high prices of products. Shifts in competition dynamics are being created by the entry of new companies, especially start-ups that focus on eco-friendliness and clean beauty. The nail polish market will continue to grow due to rising innovations in nail paint products, including gel-based and long-lasting nail polishes. This is particularly so because consumers are actively looking for more luxurious and personal experiences. Overall, the nail polish market appears to have a rosy future ahead of it, with consumers showing greater interest in nail polish that is both luxurious and eco-friendly.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 16.23 billion |
Market size value in 2032 | USD 29.59 billion |
Growth Rate | 6.9% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
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) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Nail Polish 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 Nail Polish 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nail Polish Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Nail Polish Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
REQUEST FOR SAMPLE
Global Nail Polish Market size was valued at USD 16.23 Billion in 2023 and is poised to grow from USD 17.35 Billion in 2024 to USD 29.59 Billion by 2032, growing at a CAGR of 6.9% in the forecast period (2025-2032). Demand for gel-based, non-toxic, and breathable nail lacquers is increasing as customers prefer healthier alternatives than traditional formulations. With increased awareness about toxic ingredients such as formaldehyde, toluene, and dibutyl phthalate (DBP), big brands have introduced "3-free," "5-free," and even "10-free" offerings. Vegan and cruelty-free nail polishes appeal the most to consumers, as ethical beauty becomes a trend.
Both traditional companies and new startups are embracing a host of strategies so that they can compete in the nail polish market, which is a very competitive market. Classic companies such as OPI and Sally Hansen are still ruling the roost with their new-age products, while newer players are creating a storm with their clean beauty, eco-friendly, and green series of products. By using online platforms for marketing, providing products that are customizable, and focusing on direct-to-consumer sales, startups are creating a competitive edge. Furthermore, influencer relationships and social media platforms are also used to help increase the size of their market. 'OPI', 'Essie Cosmetics', 'Sally Hansen', 'Revlon', 'Coty Inc.', 'L'Oréal', 'Zoya', 'China Glaze', 'Orly', 'Deborah Lippmann', 'Dior', 'Chanel', 'Nails Inc.', 'Julep'
Cruelty-free, non-toxic, and eco-friendly natural nail paint is gaining more popularity among consumers as they become more aware of environmental concerns. The adoption of plant-based ingredients, vegan products, and eco-friendly packaging is becoming more prevalent among companies. With consumers looking for more secure alternatives to conventional nail products, the trend is driving market growth to fill their needs. To cater to these demands, companies such as Sally Hansen and Coty Inc. are changing.
Customization and Personalization of Nail Polish on Nails: The client is demanding increasingly personalized nail treatments, and that is a pattern that will remain ongoing. The consumer can pick unique colours, finishes, and designs using personalization options being offered by the nail parlor and web destinations. Nail polish that is made to order, in which clients are allowed to create their own hues, is becoming increasingly popular. The experience of the customer and sales are being improved as a result of this trend, particularly among members of the millennial and Gen Z generations.
What Are the Key Drivers Behind Nail Polish Demand in North America?
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG25K2114
sales@skyquestt.com
USA +1 351-333-4748