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Nail Care Products Market Share, Opportunities, Trends, Regional Outlook And Forecast To 2033
Nail Care Products Market Share
As per the report, the nail care products market size has grown strongly in recent years. It will grow from $21.48 billion in 2023 to $22.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The nail care products market size is expected to see strong growth in the next few years. It will grow to $27.70 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%.
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Rising Emphasis On Personal Grooming Fuels Nail Care Market Growth
The growing awareness of personal grooming is expected to propel the growth of the nail care products market going forward. Awareness of personal grooming refers to maintaining cleanliness and neatness in one's appearance through regular grooming practices. Awareness of personal grooming plays a vital role in promoting the use of nail care products, as individuals prioritize well-maintained nails for overall hygiene and a polished appearance. For instance, in September 2023, according to the Bureau of Labor Statistics, a US-based fact-finding agency for the federal government, personal care products and services increased by 12.3% in 2022, which follows a large increase of 19.3% from 2021. After declining by 1.0% in 2021, personal care products grew by 15.5% in 2022. Personal care services also increased by 9.1%, particularly notable since this follows the 50.4% rise from 2021. Therefore, the growing awareness of personal grooming is driving the growth of the nail care products market.
Major Nail Care Companies Embrace Innovation With Vegan Product Lines
Major companies operating in the nail care products market are focusing on introducing innovative solutions, such as vegan nail product lines, to gain a competitive edge in the market. Vegan nail product lines are collections of nail care items that are entirely free from animal-derived ingredients, catering to a cruelty-free and eco-conscious consumer base. For instance, in January 2022, Colorbar Cosmetics, an India-based provider of makeup and skincare products, launched the Vegan Nail Lacquer, a new line of vegan nail products that features 128 shades. The nail lacquer is enriched with biotin and calcium and has a non-toxic, patented, 20-free formula. The entire range is 100% vegan and vegetarian, and the formula is chip-resistant, non-yellowing, and non-carcinogenic. With a double-patented design, Vegan Nail Lacquer promises a uniquely clean and green makeup experience.
The nail care products market covered in this report is segmented -
1) By Product Type: Nail Polish, Top And Base Coats, Nail Polish Remover, Cuticle Care, Other Products
2) By Distribution Channel: Offline, Online
3) By End-Use: Household, Spa And Salon
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Major companies operating in the nail care products market are Johnson and Johnson Services Inc., Christian Dior SE, Procter & Gamble Co., Unilever PLC, L'oréal Groupe, The Estée Lauder Companies Inc, Chanel SA, Kao Corporation, Amway Corporation, Shiseido Company Limited, Coty Inc., Sally Hansen, Avon Products Inc., Cosnova Gmbh, Kiehl's, OPI Products Inc., American International Industries, Oriflame Holding AG, BWX Limited, China Glaze, Cassina S.p.A, Orly International Inc., Creative Nail Design Inc., Olive & June Inc, NSI Nails Inc., Miniluxe Inc., Sally Hansen Inc., Essie Cosmetics, Revlon Inc.
Contents of the report:
1. Executive Summary
2. Nail Care Products Market Report Structure
3. Nail Care Products Market Trends And Strategies
4. Nail Care Products Market - Macro Economic Scenario
5. Nail Care Products Market Size And Growth
…..
27. Nail Care Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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