Nail Care Market
Growth Factors of Nail Care Market
The nail care market size was valued at USD 23.41 billion in 2023, and the market is now projected to grow from USD 24.55 billion in 2024 to USD 36.26 billion by 2032, exhibiting a CAGR of 4.99% during the forecast period of 2023-2032.
The COVID-19 pandemic posed significant challenges on the nail care market growth. Due to lack of industrial operations and a halt in commercial campaigns, implementation of government policies, investments in projects and other initiatives due to covid pandemic., which lead a decline in the nail care market expansion. Lockdown enacted in numerous nations have hindered the manufacturing and caused transportation delays. In addition, worldwide restrictions have caused a halt in economic activities. Despite the challenges of covid pandemic, the battery plate sector has proven to be robust. Although the construction of electric vehicle has been delayed due to shortage of man power and procurement concerns of raw material.
Raising knowledge of the value of personal grooming to promote market expansion during projected period. While grooming is vital for all people, it is especially crucial for women. It is a method for taking care of the skin, nails, hair, and face. To look her best every day and walk out into the world, a woman needs confidence. Keeping one's confidence and sense of self high is mostly dependent on grooming. Furthermore, the market for nail care is expanding due to the convergence of advancement, beauty, and lifestyle. In addition, a growing proportion of women with strong senses of beauty have been driving the steady and sustainable growth of the worldwide nail care industry for many years. The market for nail care products has grown significantly as a result of lifestyle changes and women's increased awareness of beauty brought about by social advancement.
Expanding E-commerce sector and enhanced manufacturer marketing efforts to spur nail care market growth during projected period. Manufacturers are always concentrating on technology since it increases their digital footprint in m-commerce, e-commerce, social media, and influencer marketing, all of which increase brand awareness and income. Important firms are also making innovative investments in new analytics to cater to online purchasing tastes and offer more tailored experiences across sales channels. Furthermore, businesses that provide nail care goods and services place a strong emphasis on developing high-touch customer relationships and brand equity in order to establish the benchmark for upscale online beauty purchasing.
Comprehensive Analysis of Nail Care Market
The nail care market and consumer goods industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by product types and by distribution channel. The product types segmentations include, Nail Polish, Top & Base Coats, Nail Polish Remover, Cuticle Care, and Others, By Distribution Channel segmentations include Online and Offline.
The Asia Pacific region lead the nail care market by benefitting a market size of USD 8.89 billion in 2023 due to Increasing interest in beauty goods, an increase in the number of working women, and a focus on physical appearance.
The top players in the market play a crucial role in the consumer goods industry assuring industrial prospectus growth and setting market standards. These players include, Miniluxe, Inc. (U.S.), L'oréal S.A. (France), The Estée Lauder Companies Inc. (U.S.), Shiseido Company, Limited (Japan), NOTE Cosmetique (Turkey), ChinaGlaze.com Inc. (China), CND (U.S.), ORLY International, Inc. (U.S.), Cassina S.p.A (Italy), BWX Ltd (U.S.) these market players provide a level-playing competitive landscape.
In June 2022, Two nail polishes with a cheese aroma have been released by Velveeta, a cheese brand, and Nails Inc., a London-based nail polish company. The two hues that the two colors will come in are the vivid red ""Finger Food"" and the creamy yellow ""La Dolce Velveta."" The alliance will support the company's financials and product line expansion.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 4.99% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Product Type
Nail Polish
Top & Base Coats
Nail Polish Remover
Cuticle Care
Others
By Distribution Channel
Online
Offline
By Region
North America (By Product Type, Distribution Channel, and Country)
U.S. (By Product Type)
Canada (By Product Type)
Mexico (By Product Type)
Europe (By Product Type, Distribution Channel, and Country)
Germany (By Product Type)
U.K. (By Product Type)
France (By Product Type)
Italy (By Product Type)
Spain (By Product Type)
Rest of Europe (By Product Type)
Asia Pacific (By Product Type, Distribution Channel, and Country)
China (By Product Type)
India (By Product Type)
Japan (By Product Type)
Australia (By Product Type)
Rest of Asia Pacific (By Product Type)
South America (By Product Type, Distribution Channel, and Country)
Brazil (By Product Type)
Argentina (By Product Type)
Rest of South America (By Product Type)
Middle East and Africa (By Product Type, Distribution Channel, and Country)
South Africa (By Product Type)
UAE (By Product Type)
Rest of Middle East & Africa (By Product Type)
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