Global Nail Polish Market Innovative Trends, Driving Factors and Growth Analysis 2020-2027

The global nail polish market was valued at US$ 8.34 Bn in 2018, and is expected to register a CAGR of 10.3%, in terms of revenue over the forecast period (2019-2027), to reach US$ 20.07 Bn by 2027.

Growing population of working women together with increasing awareness about grooming among consumers is fueling growth of the cosmetic industry, which in turn is driving the global nail polish market growth. For instance, according to the U.S. Department of Commerce, International Trade Administration (ITA), in 2016, the Indian Beauty and Personal Care (BPC) industry was valued at US$ 8 billion, and is expected to exhibit a CAGR of 5-6% in the period between 2017 and 2021. As a result, demand for nail polish products is also expected to increase during the forecast period.

This report provides in-depth analysis of global nail polish market and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players.

Major Players Covered in nail polish market Report are:
Revlon, Inc., L'Oreal S.A. , Fiabila SAS, NARS Cosmetics, Inc., Essie Cosmetics, Ltd., Coty, Inc., American International Industries, Christian Dior SE, and Chanel S.A.

It profiles key players in the global nail polish market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics.The global nail polish market report caters to various stakeholders in this industry including investors, suppliers, nail polish manufacturers, distributors, new entrants, and financial analysts.

Market Dynamics
Among product type, liquid segment held largest revenue share of 85.2% in global nail polish market in 2018. This trend is expected to continue further over the forecast period, owing to the wide availability of wide range of liquid nail polish in the global market. Moreover, rising number of beauty and nail salons is further expected to contribute to growth of global nail polish market in the near future. According to the U.S. Nails Magazine Statistics published in 2018, the number of nail salons operating in the U.S. increased from 48,930 salons in 2013 to 56,386 salons in 2017.

Among regions, in 2018, Asia Pacific held dominant position in the global nail polish market and contributed revenue share of 27.9%. The regional growth is driven by increasing population of working women along with growing cosmetics industry in the region. According to India Brand Equity Foundation (IBEF), Indian beauty, cosmetic, and grooming market was valued at US$ 6.5 Bn in 2016 and is expected to reach value of US$ 20 billion by the end of 2025.

Nail Polish Market 2020-2027: Key Highlights

• CAGR of the market during the forecast period 2020-2027
• Detailed information on factors that will assist Nail Polish Market growth during the next five years
• Estimation of the Nail Polish Market size
• Predictions on upcoming trends and changes in supplier behavior
• The growth of the Nail Polish Market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of Nail Polish Market vendors

However, hypermarket & supermarket segment is projected to record the fastest growth during the forecast period, attributing to rapid expansion in number of stores globally. According to the U.S. Department of Agriculture (USDA), in 2017, the total number of supermarkets in Egypt were 1,056 in 2016, and it increased to 1,215 in 2017.

The Nail Polish Market report gets rid of the following queries:
1. Which end use has the highest rate of consumption and why?
2. Which regions are the Nail Polish Market players targeting to gain a competitive edge?
3. What is the growth forecast of the global Nail Polish Market in region?
4. What is the Y-o-Y growth rate of the global Nail Polish Market?
5. Which segment will have the maximum share of the global Nail Polish Market by the end of Year?

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This release was published on openPR.