Nail Polish Market Booming Global Industry Size, Revenues and Demand by 2031 | Revlon, Inc., L'Oreal S.A., Fiabila SAS

Market Overview:

Nail polish, also known as nail enamel or nail varnish, is a lacquer that can be applied to the natural fingernails or artificial fingernails to decorate and protect them. They are available in hundreds of formulae and colors.

Market Dynamics:

The nail polish market is expected to witness significant growth over the forecast period owing to increased penetration of salon services and rising preference for nail art trends among young consumers. Growing influence of Hollywood celebrities and social media influencers promoting unique nail designs and shades is also fueling the market growth. Furthermore, the launch of innovative product ranges such as matte, shimmer, and metallic nail polishes by key players has further augmented their demand. Additionally, manufacturers are increasingly focusing on offering organic, vegan, cruelty-free nail polishes thereby further increasing the market attraction among consumers.

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Market Drivers for Nail Polish Market

Increasing Demand for Nail Care Products Among Millennials and Generation Z

Millennials and Generation Z consumers are increasingly conscious about personal grooming and beauty. They are adopting different nail art styles and spending more on nail polishes and nail care products. According to research, nearly 60% of millennials try different nail colors and art. They experiment with unique designs, abstract patterns and bold colors. This rising obsession for nails among younger generations is a major driver of growth in the nail polish market. many nail polish brands are launching exclusive collections targeting these consumer groups.

Growth of Salon and Nail Art Services

The demand for professional nail services like manicures and pedicures at beauty salons has increased remarkably in recent years. Many women and young girls prefer getting their nails done at salons rather than doing it themselves at home. This is benefiting the nail polish market as salons stock a wide variety of nail polish brands and colors. Furthermore, niche nail art services like nail stamping, nail foiling and 3D nail art have gained popularity. Artists use specialized nail polishes, decals and products to create intricate designs on nails. This innovative side of the industry has expanded the market scope and opportunities.

Innovation in Formulas, Shades and Technology

Manufacturers are constantly innovating and bringing new twists to attract customers. Some key ongoing trends include development of long lasting, chip resistant and quick dry formulas. A diverse range of on-trend shades inspired by fashion runways and celebrities are also popularizing different styles. Technology advancements like LED lamp drying, 3D holographic finishes are differentiating products. Indie or small batch brands crafting unique artisanal shades are seeing traction. Rapid change driven by social media exposure to new products and techniques will keep molding consumer preferences and the evolving landscape of this vibrant industry.

Worldwide major and leading players within the market are:

★ Revlon Inc.
★ L'Oreal S.A.
★ Fiabila SAS
★ NARS Cosmetics Inc.
★ Essie Cosmetics Ltd.
★ Coty Inc.
★ American International Industries
★ Christian Dior SE
★ Chanel S.A.

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Segmental Overview

Nail Polish Market segmentation offers an in-depth analysis of the various segments of the market, including application, type, end use, and region. The segmentation overview section offers crucial information about the market share, sales, and growth rate for each of the segments over the forecast period. Moreover, an examination of the relative multitude of significant sub-portions in the market has been canvassed in the report.Having a knowledge about the various segments and sub-segments helps businesses recognize the importance of factors that drive industry growth.

The titled segments and sub-section of the Nail Polish market are illuminated below:

Global Nail Polish Market, By Product Type:

★ by Product Type (Liquid and Gel), by End User (Female and Male), by Distribution Channel (Hypermarket & Supermarket, Specialty Stores, Convenience Stores, and Online Channels),

Regional Analysis for Nail Polish Market:

📍 North America (United States, Canada, and Mexico)
📍 Europe (Germany, France, UK, Russia, and Italy)
📍 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
📍 South America (Brazil, Argentina, Colombia, etc.)
📍 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Key Highlights of the Report

Offers a comprehensive and holistic analysis of the Nail Polish Market.
Evaluates the competitive environments, covering partnerships, joint ventures, acquisitions, and organic growth.
Provides forecast information related to every region and sub-region of the Nail Polish market.
Includes information on the key opportunities and challenges faced by key industry players worldwide.
Covers the Nail Polish market's current and future market outlook on industry drivers, market restraints, and regional constraints.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Nail Polish market?
➥ What current trends will influence the Nail Polish market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular Nail Polish market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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This release was published on openPR.