Water Based Nail Polish Market Statistics, Segment, Trends and Forecast to 2030

Report Summary
The size of the worldwide nail polish market was estimated at USD 14.3 billion in 2021, and it is anticipated to increase at a CAGR of 6.8% from 2022 to 2030. Growing consumer interest in nail care and nail art products, particularly among millennials, is one of the main drivers fueling market rise. Additionally, among millennials, nail art and extensions are a crucial component of grooming. In turn, it is anticipated that during the forecast period, demand for the product will increase. In addition, it is projected that the advent of nail polish with natural ingredients that are non-toxic and contain less chemicals would increase demand for nail polish in the future.

The development of the nail polish industry has been adversely affected by the current COVID-19 epidemic. Due to disruptions in the raw material suppliers' supply chains, the pandemic has affected the output of manufacturing facilities. Due to social isolation and stay-at-home regulations, nail polish sales both online and offline decreased. Additionally, the global trade restrictions put in place by a number of nations have had a substantial impact on the logistics and transportation infrastructure everywhere. This ultimately prevents the market from growing overall. Toe or fingernail decorations are made with nail paint. The nail polish business has grown as a result of the simple accessibility of a variety of brands, colours, and types through a variety of distribution channels, including specialty shops, supermarkets, hypermarkets, and others.

Overview of the Non-Toxic Nail Polish Market
During the assessment period of 2020-2030, it is anticipated that the market for non-toxic nail polish will grow at a 5.45% CAGR and reach USD 2.78 billion by 2030. The market's current growth will continue to increase steadily during the anticipated timeframe. The market is expanding as a result of the rising demand for cosmetics with fewer hazardous chemicals. Human bodies may be harmed by the chemicals in nail polish, and we don't want to unintentionally swallow hazardous substances when eating. The market is driven by customers' concerns about their bodies because the nail lacquer on their nails can contain dangerous substances for our bodies. For women, nail paint is a key cosmetic item, and they have preferences for various varieties. Customers also favour non-toxic chemical-containing nails. Because there is a growing desire for natural and organic cosmetics, which organic nail polish does not contain, the market is expanding. Customers are becoming more and more interested in non-toxic chemicals, and they frequently shop in the organic department of cosmetic stores. As carcinogens, harmful substances like toluene, dibutyl phthalate, and formaldehyde must be used less frequently in nail polish.

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Global Water Based Nail Polish Market: Major Players
Bobbi Brown
Dior
Rimmel
L'Oreal
ANNA SUI
Chanel
COSMAY
Essie
Revlon
CND
Kiko
ORLY
OPI
Maybelline
Byrdie
Sally Hansen

Global Water Based Nail Polish Market: Types
Transparent Color
Single-color
Multi-color

Global Water Based Nail Polish Market: Applications
Nail Art Institutions
Individuals
Other

Global Water Based Nail Polish Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Water Based Nail Polish market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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