Nail Care Products Market to grow by USD 6.7755 billion from 2022 to 2027; The availability of non

Aug 01, 2023

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17 Aug, 2023, 19:30 ET

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NEW YORK, Aug. 17, 2023 /PRNewswire/ -- The nail care products market size is estimated to grow by USD 6,775.51 million from 2022 to 2027. The market's growth momentum will be progressing at a CAGR of 5.01%. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report - Request a sample report

Nail care products market – Company AnalysisCompany Landscape - The global nail care products market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer nail care products in the market are American International Industries, Amorepacific Corp., Amway Corp., Beiersdorf AG, Brandloft Ltd., CHANEL Ltd., Coty Inc., Edgewell Personal Care Co., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Nails.INC Ltd., Natura and Co Holding SA, Olive and June LLC, Oriflame Holding AG, Revlon Inc., Shiseido Co. Ltd., The Estee Lauder Co. Inc., Unilever PLC, and The Procter and Gamble Co. and others.

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Company Offerings

Nail Care Products Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on the product (Nail polish, Nail accessories and implements, Nail polish remover, Nail strengthener, and Others), distribution channel (Offline and Online), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

Geography OverviewBy geography, the global nail care products market is segmented into APAC, Europe, North America, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global nail care products market.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Nail Care Products Market – Market DynamicsLeading Drivers

The availability of non-toxic solutions for nail care is driving the market growth. The growing concerns about healthy nails have prompted consumers to use non-toxic and natural solutions. The utilization of harmful chemicals in nail products can result in health concerns like cancer, weakened nails, nail discolouration, and skin infections. This has prompted companies like Karma Organic Spa, ZOYA, and Essie to introduce nail polishes that are devoid of toxic substances such as toluene, formaldehyde, and dibutyl phthalate (DBP). Several brands are focusing on offering non-toxic and natural alternatives to attract health-conscious consumers. These aspects are poised to drive market growth during the forecast period.

Key Trends

The rising visibility of private-label brands is an emerging trend shaping market growth. In addition to well-known brands, private-label alternatives are also accessible for various nail care products, including nail polish, topcoats, nail conditioners, nail polish removers, and artificial nails. Some retail chains offer their own private-label nail care lines to customers, introducing competition for established brands. Furthermore, certain companies engage in private labelling and offer contract manufacturing services. For example, Diamond Cosmetics in the US operates a private labelling business and extends contract manufacturing opportunities to customers interested in launching their own product lines under the company's brand name. The company caters to a range of clients, including celebrity manicurists, speciality stores, designers, department stores, and retail outlets seeking private labelling for nail products.

Major challenges

The availability of counterfeit nail care products may hinder the nail care products market growth. Genuine brand sales volumes are impacted by the presence of counterfeit nail care products, which pose health risks and are challenging to distinguish from authentic items. These counterfeits span various categories, including nail polishes, nail polish removers, artificial nails and accessories, and other nail-related products. Their availability at discounted rates aims to entice price-conscious consumers, thereby influencing the pricing strategies of key industry participants. These circumstances will pose a growth challenge for the market during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

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Nail Care Products Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.01%

Market growth 2023-2027

USD 6,775.51 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.95

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 42%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

American International Industries, Amorepacific Corp., Amway Corp., Beiersdorf AG, Brandloft Ltd., CHANEL Ltd., Coty Inc., Edgewell Personal Care Co., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Nails.INC Ltd., Natura and Co Holding SA, Olive and June LLC, Oriflame Holding AG, Revlon Inc., Shiseido Co. Ltd., The Estee Lauder Co. Inc., Unilever PLC, and The Procter and Gamble Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Distribution Channel

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About USTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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