Press release
Premium Nail Polish Market to Witness Major Growth by 2028 | Coty, Chanel, Dior, Nails, Essie, INGLOT
Premium Nail Polish Market
According to the survey, premium nail polish is classified as nail paint with a price range of USD 10-USD 25. Nail polish that costs more than USD 26 is called luxury nail lacquer, whereas nail polish that costs less than USD 10 is considered basic nail polish. Furthermore, increased awareness of healthy nails and nail care is one of the most significant market drivers, driven by rising consumer spending on nail care across commercial and self-care applications. Premium nail polish also comes in a variety of colors that give the nails a sumptuous aesthetic that is only available with high-end nail paints. This is another important reason why individuals in various countries prefer quality nail polish. Furthermore, the growing social media impact among young and old people is driving the adoption of high-quality nail polish.
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Key and Developing Players,
• Coty
• Chanel
• American International Industries
• Dior
• Nails
• Essie
• INGLOT
• Shiseido Company
• Jinsoon
• Revlon
• Lippmann Enterprises
• Christian Louboutin
• AZATURE
• Tenoverten
• Others
Market Drivers
• One of the primary elements assisting the expansion of the premium nail polish market is the healthy growth of the nail care sector worldwide.
• Another key element driving global demand for nail care products is the growing awareness of the need of keeping healthy nails.
• Furthermore, the growing working female population throughout the world is fueling the trend of self-grooming, which is also driving demand for the premium nail polish market internationally.
• Furthermore, rising awareness of DIY cosmetic products is propelling the premium nail polish market forward.
• Additionally, increased expenditure on beauty care products in various nations is helping market expansion.
• Furthermore, the expanding fashion industry is driving need for premium-class nail care products, which is being driven by the media & entertainment business and the corporate sector, which is driving demand for self-grooming among various corporate personnel.
Market Trend
• One of the primary industry trends driving market expansion is the increased demand for nail art throughout the world, which is being driven by rising beauty consciousness among people.
• Social media has played a significant influence in increasing the popularity of nail art in many locations.
• Furthermore, the expanding nail salon sector is influencing demand for nail art in many locations.
• Another key market trend is the increased usage of organic and natural material-based premium nail polish products due to an increase in allergic responses and other forms of health problems caused by basic nail polish content that is truly hazardous in nature.
Market Opportunities
• During the projected period, the growing number of nail salons in various nations is likely to provide new market possibilities for industry vendors.
• For example, in China, the number of nail salons surpassed 270,000 in 2018 and continues to rise, which is likely to increase demand for nail art and, as a result, drive the premium nail polish market internationally.
• According to the report, another important aspect that will offer large chances throughout the projected period is the rapid transition of vendors from traditional harmful nail paints to the manufacture of organic & natural material-based nail polishes.
• In addition, vendor activities such as social media influence and celebrity endorsements are some of the growing drivers likely to drive the market in the near future.
Market Challenges
• One of the primary problems impeding market expansion and generating obstacles for product makers is the cost variety in raw materials necessary for the production of premium nail polish.
• Furthermore, the existence of a large number of companies in the industry has maintained strong rivalry among market sellers.
• Furthermore, minor nail polish makers are venturing into the premium nail polish product area, which is another important reason fueling market rivalry.
• Similarly, the negative consequences of nail polish are a factor impeding market expansion.
• Toxic nail paints can cause a variety of health impacts, including skin irritation, nausea, and allergic responses, as well as more serious concerns such as respiratory disorders, cancer, and reproductive issues.
• When exposed to the environment, the hazardous nature of nail polish damages the environment owing to the presence of toluene, formaldehyde, and dibutyl phthalate.
• Because of their poisonous nature and the flexibility of human skin, these substances can also cause skin cancer illnesses.
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Premium Nail Polish Market Segmentation:
Market Breakdown by Applications:
• Base Coat
• Top Coat
• Gel
Market Breakdown by Types:
• Personal Care
• Commercial
Report Scope:
The Market size value in 2023 - USD 995.22 Million
Revenue Forecast by 2033 - USD 1604.35 Million
Growth Rate - CAGR Of 8.28%
Regions Covered - Europe, the Middle East and Africa, North America, Latin America, and the rest of the world
Historical Years 2018-2022
Base Year 2022
Estimated Year 2023
Short-Term Projection Year 2028
Competitive Landscape:
Along with researching the profiles of the top competitors in the Premium Nail Polish market, the competitive environment of the industry is also investigated. Some of the players profiled are Chanel, Coty, American International Industries, Nails Inc, Dior, Essie, Shiseido Company, INGLOT, Jinsoon, Lippmann Enterprises, LLC, Revlon, Christian Louboutin, Tenoverten, AZATURE, Others
Have a query? Market an inquiry before purchase @ https://www.htfmarketintelligence.com/enquiry-before-buy/global-premium-nail-polish-market
Key highlights of the report:
📝 Premium Nail Polish Market Performance (2018-2022)
📝 Premium Nail Polish Market Outlook (2023-2028)
📝 Premium Nail Polish Market Trends
📝 Premium Nail Polish Market Drivers and Success Factors
📝 SWOT Analysis
📝 Value Chain Analysis
📝 Detailed competitive landscape
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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