Global Nail Products Market, By Product Type (Nail Polish, Nail Accessories, Nail Polish Remover, Nail Treatment, Nail Strengtheners, Manicure Products, Pedicure Products, Other Products), Sales Type (Bulk, Packaged), Distribution Channel (Retailers, Salon, Online) – Industry Trends and Forecast to 2029
Market Analysis and Size
Over the last few years, the growing popularity of nail products has revolutionized the nail products. Additionally, there has been a rapid awareness of the importance of nail care rapidly. Moreover, instead of hiding their flaws, today's nail care consumers are more conscious of their own nails and eager to cure them. Companies are releasing innovative nail products such as overnight nail treatments and nail creams to match consumer expectations. Therefore, the market is estimated to grow rapidly over forecasted period.
Global Nail Products Market was valued at USD 2.40 billion in 2021 and is expected to reach USD 3.41 billion by 2029, registering a CAGR of 4.5% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Market Definition
Nail products are ones that are specifically meant to protect, strengthen, and colour the nails, as well as soften and condition the cuticles. The most commonly used nail items are nail polish, nail treatments, nail strengtheners, nail accessories, and others. The primary purpose of these nail products is to maintain the nail clean and dry in order to prevent bacteria and other infectious organisms from accumulating in the nails.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Nail Polish, Nail Accessories, Nail Polish Remover, Nail Treatment, Nail Strengtheners, Manicure Products, Pedicure Products, Other Products), Sales Type (Bulk, Packaged), Distribution Channel (Retailers, Salon, Online)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Wella Operations US LLC (U.S.), CND (U.S.), Chemence (U.K.), Alessandro International (Germany), Keystone Industries (U.S.), Light Elegance (U.S.), American International Industries (U.S.), Barielle (U.S.), California Chemical Specialties (U.S.), NV Organics (India), CNC International (Netherlands), Delia Cosmetics (Poland), Fiabila (France), IL Cosmetics Group SA (Luxembourg), Kirker Enterprises, Inc (U.S.) and KEYSTONE INDUSTRIES (U.S.)
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Market Opportunities
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Nail Products Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers:
- Surging Nail Care
Nail care is one of the most significant components of women's fashion. Nail care and one's health and other hygiene concerns are among the most important components of one's look. The majority of people are motivated to keep their fingernails and toenails in good form as their feeling of self-care and awareness about fungus infection grows, especially among diabetics. The global nail care market is being driven by a rise in female fashion trends as well as women's financial power, particularly in developing countries. Consequently, increased nail care will boost the nail products demand. This factor is projected to create outstanding demand for the nail products services during the forecasted period.
- Increased Social Media Promotion
In the promotion of products, services, and trends, social media has become increasingly important. People are impacted by social media trends that attract their attention. Celebrities and influencers in a certain industry aid in the development of trends created by brands. Similarly, anytime a new nail product is introduced, social media helps propel the business forward. As a result, social media is a significant growth engine for the nail products market.
The thriving fashion industry, growing demand for nail polish to make nails attractive, and increasing consumer disposable income will further propel the growth rate of the nail products market. Additionally, the rising consciousness among women regarding their appearance along with the rapid urbanization will also drive market value growth over forecasted timeframe. Furthermore, the popularity of nail art and increasing number of salons also boosts the overall market’s growth.
Opportunities
- Product Development and Awareness
Furthermore, the new product development and collaborations between manufacturers and salons further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the development and introduction of innovative textures and effects along with development of “cruelty-free”, “vegan”, and “plant-based” nail products will further expand the future growth of the nail products market.
Restraints/Challenges
- Adverse Effects of Some Nail Products
The increasing awareness regarding the adverse effects of chemicals on nails will create hindrances for the growth of the nail products market. Moreover, the health risk associated with gel nail polish also impedes the market growth.
- Stringent Regulations Associated with Nail products
The government is intervening by imposing restrictions to reduce such repercussions and bad effects associated with the mobile nail products industry services. The governments of various global players across the globe are formulating stringent regulations that are will prove to be a demerit for the nail products market. Therefore, this factor is anticipated to challenge the nail products market growth rate.
This nail products market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nail products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Nail Products Market
The COVID-19 epidemic has wreaked havoc worldwide, with significant transmission numbers and fatality rates. The outbreak of coronavirus had a huge impact on the nail products market. The market was largely affected by the imposed harsh shutdown which further limited the market’s growth. As a result, several manufacturing units and production facilities were forced to close, leading to decreased output and demand reducing the growth of the nail care market. Additionally, various nail salons were shutdown owing to the restrictions, further hampering the market growth.
On the brighter side, the use of internet platforms to buy things may give the market a short-term boost. Using these platforms is simple and convenient under these challenging conditions. Moreover, the consumers benefit from online shopping portals since they offer a wide range of selections and efficient payment methods. Additionally, manufacturing businesses have resumed operations as the lockdown restrictions have been gradually eased, potentially boosting the nail care sector.
Global Nail Products Market Scope
The nail products market is segmented on the basis of product type, sales type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Nail Polish
- Nail Accessories
- Nail Polish Remover
- Nail Treatment
- Nail Strengtheners
- Manicure Products
- Pedicure Products
- Other Products
On the basis of product type, the nail products market has been segmented into nail polish, nail accessories, nail polish remover, nail treatment, nail strengtheners, manicure products, pedicure products and other products.
Sales Type
- Bulk
- Packaged
The nail products market has also been segmented on the basis of sales type into bulk and packaged.
Distribution Channel
- Retailers
- Salon
- Online
On the basis of distribution channel, the nail products market is segmented into retailers, salon and online.
Nail Products Market Regional Analysis/Insights
The nail products market is analyzed and market size insights and trends are provided by country, product type, sales type and distribution channel as referenced above.
The countries covered in the nail products market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the nail products market because of the large number of nail art institutes and individuals across the region, growing awareness about health risks associated with artificial nails, and the development of spa industry within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increasing demand for nail art, rising disposable income levels, and growing awareness about personal grooming among women in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Nail Products Market Share Analysis
The nail products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nail products market.
Some of the major players operating in the nail products market are
- Wella Operations US LLC (U.S.)
- CND (U.S.)
- Chemence (U.K.)
- Alessandro International (Germany)
- Keystone Industries (U.S.)
- Light Elegance (U.S.)
- American International Industries (U.S.)
- Barielle (U.S.)
- California Chemical Specialties (U.S.)
- NV Organics (India)
- CNC International (Netherlands)
- Delia Cosmetics (Poland), Fiabila (France)
- IL Cosmetics Group SA (Luxembourg)
- Kirker Enterprises, Inc (U.S.)
- KEYSTONE INDUSTRIES (U.S.)
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