Press release
Nail Care Market Growth, Business Opportunities, Share, Key Insights and Size estimation by 2031
The global nail care market displayed a valuation of US$ 10.9 billion in 2021. With a projected Compound Annual Growth Rate (CAGR) of 8.0% between 2022 and 2031, the market is expected to attain a valuation of US$ 23.1 billion by the end of 2031.Throughout the forecast period, the nail care market is anticipated to experience substantial growth, driven by factors such as a heightened interest in personal care among individuals and the influence of evolving social media and digital technology trends. The market landscape has been significantly impacted by the surge in popularity of gel manicures and extensions, which have transformed the way nail care is perceived. The introduction of acrylic with a polish-like finish has contributed to the preference for gel manicures, further driving the market's growth.
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Trends Driving Growth:
Gel Manicures and Extensions: The popularity of gel manicures and extensions is a key driver, offering a polish-like appearance and causing less damage to nail beds. This trend has gained substantial traction in salons and among consumers.
Digital Technology and Social Media: The influence of digital technology and social media has played a pivotal role in driving interest in nail care. Online platforms have provided a platform for showcasing nail art and designs, boosting consumer engagement.
Demographic Opportunity: There is an emerging opportunity for market players in the color cosmetics segment to cater to the demands of older women. The aging population in affluent nations presents a target audience for nail care manufacturers.
Innovation for Older Customers: Manufacturers should focus on innovation to meet the specific needs of elderly customers. Nail cleansers, moisturizers, and strengthening products tailored to the needs of older individuals, whose nails tend to become brittle with age, can be a significant market niche.
Future Outlook: The nail care market's future growth prospects remain promising, driven by evolving consumer preferences, digital trends, and a growing interest in self-care. Market players are encouraged to stay attuned to these trends and leverage them to innovate and develop products that cater to a diverse range of consumers, including the expanding older demographic.
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Fuel Card Market: Assessment of Avenues and Revenue Potential in Key Geographies
Some of the key aspects that the study analyzes and sheds light are:
Which regions are witnessing rise in investments in the supply chain networks?
Which countries seems to have benefitted from recent import and export policies?
Which regions have witnessed decline in consumer demand due to economic and political upheavals?
Which are some the key geographies that are likely to emerge as lucrative markets?
Which regions are expected to lose shares due to pricing pressures?
Which regions leading players are expected to expand their footprints in the near future?
What are some the sustainability trends impacting the logistics and supply chain dynamics in the Fuel Card market?
What are some of the demographic and economic environments that create new demand in developing economies?
How are changing government regulations shaping business strategies and practices?
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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