According to the latest report by Reports and Data, the Nail Polish Market had a global size of USD 13.11 Billion in 2021 and is expected to witness a revenue CAGR of 8.5% over the forecast period. The market's revenue growth is primarily driven by the increasing number of beauty salons and beauticians. The rise in beauty and nail salons has prompted more women to experiment with nail care products and techniques such as pedicures and manicures. A significant proportion of the female population relies on beauty salons for their nail and makeup services, including nail extensions and nail art to match their outfits for various occasions. Many salons have skilled professionals who suggest different types of procedures to their clients. Additionally, numerous beauty salons offer customer loyalty programs that provide attractive discounts, leading to an increase in the number of women visiting salons. Finally, the availability of various nail art styles and home visit services, which follow healthy working conditions, is expected to drive revenue growth in the market.
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Top Companies Operating in the Global Nail Polish Market Report:
Bio Sculpture, American International Industries, Barielle, Colorbar Cosmetics Pvt. Ltd., L'Oréal Group, Fiabila, Henkel AG Co. KGaA, RPM International, Inc., IL Cosmetics Group SA, and Estée Lauder, Inc.
Driving Factors of Nail Polish Market
The Nail Polish Market is driven by several factors. One of the primary factors is the increasing number of beauty salons and beauticians, which has encouraged more women to experiment with nail care products and techniques. The availability of various nail art styles and home visit services has also contributed to the market's growth. In addition, the majority of the female population relies on beauty salons for their nail and makeup services, including nail extensions and nail art, to match their outfits for various occasions. Furthermore, many salons offer customer loyalty programs that provide attractive discounts, leading to an increase in the number of women visiting salons.
The growing popularity of organic and natural nail care products has also contributed to the market's growth. Consumers are becoming more conscious about the harmful effects of chemical-laden products, and this has led to a shift towards organic and natural products
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Nail Polish
- Nail Polish Remover
- Nail Primers
- Nail Extensions
- Manicure Products
- Pedicure Products
- Others
Price Range Outlook (Revenue, USD Billion; 2019-2030)
- Premium
- Medium
- Economy
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Supermarkets/Hypermarkets
- Beauty Stores
- Pharmacies
- Online Platform
- Others
End-use Outlook (Revenue, USD Billion; 2019-2030)
- Men
- Women
Key Takeaways of the Global Nail Polish Market Report:
- A comprehensive overview of the global Nail Care industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Nail Polish Market.
- Elaborate study of the leading regional markets in the global Nail Polish Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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