Nail Care Market is Expected to Witness a Substantial Growth Through 2025
Growing sense of self care
and inclination towards fashion & beauty among women are acting as key
growth drivers for global nail care market.
According
to TechSci Research report, “Global Nail
Care Market By Product Type (Nail Polish, Nail Accessories, Nail
Strengthener, Nail Polish Remover, Artificial Nails and Accessories, Others),
By Distribution Channel (Offline (Hypermarkets/Supermarkets, Retail Stores,
Beauty Salon, Others), Online), By Region, Forecast & Opportunities, 2025”, the market
is expected to undergo a significant CAGR during the forecast period owing to growing
sense of personal grooming and self-care among consumers around the world.
Moreover, increasing number of working women and rising inclination towards
fashion & beauty among them is acting as major growth factors for the global
nail care market. Also, increasing affordability of nail care products and
entry of new market players are supporting the growth of the market.
Furthermore, rise in number of beauty salons, nail
care centers and spas are leading to high demand for nail care products and
introduction of new and innovative nail care products such as nail strengthener
is also augmenting the demand of nail care products market, globally. Moreover,
focus on personal hygiene and awareness about the ill effects of poor nail care
is also making men consumers to spend on nail care products and services.
However, the outbreak of COVID-19 has compelled beauty salons and nail care
service providers to implement new safety protocol, which is expected to
ultimately increase their operating cost, resulting in a price
hike. Also, the challenges caused by this pandemic have been far reaching,
especially for personal grooming sector like nail care where physical contact
is inevitable.
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The global
nail care market is segmented based on product type, distribution channel and
region. Based on product type, the market is segmented into nail polish, nail
accessories, nail strengthener, nail polish remover, artificial nails and
accessories and others. Among them, nail polish segment accounted for the largest
market share in 2019 as they are come in affordable rates and their consumption
rate is higher in nearly all regions.
Moreover, nail polishes come in various shades and are used more often,
depending on different occasions.
Based
on distribution channel, the global nail care market is segmented into offline
and online channels. The offline channel is further segmented into
hypermarkets/supermarkets, retail stores, beauty salon and others. Among them,
the online segment is expected to undergo significant growth through 2025 owing
to increasing online shopping trend among consumers and thriving e-retail
industry. Also, availability of wide range of nail care products, including
international brands is compelling consumers to buy products online.
Major players operating in the global nail
care market are Procter and Gamble Co., Uniliver, Shiseido Co. Ltd., Colorbar
Cosmetics Private Limited, Revlon, Inc.,Estee Lauder Companies Inc., Faces
Cosmetics Inc., L'Oréal S.A.,KISS Products Inc. and Coty Inc., among others.
Key growth strategies being adopted by leading market players are new product
launches, collaborations and mergers & acquisitions.
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“Presence
of fashion capitals Paris, London and Milan makes Europe one of the biggest
consumers of nail care products market. However, Asia Pacific is emerging as a
lucrative market owing to increasing disposable income and growing awareness
towards personal grooming among consumers. Moreover, the region is expected to
witness the fastest CAGR during the forecast period on account of large
population of working women and entry of leading cosmetic brands in the
regional market ,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Nail Care Market By Product Type (Nail Polish,
Nail Accessories, Nail Strengthener, Nail Polish Remover, Artificial Nails and
Accessories, Others), By Distribution Channel (Offline
(Hypermarkets/Supermarkets, Retail Stores, Beauty Salon, Others), Online), By Region,
Forecast & Opportunities, 2025” has
evaluated the future growth potential of nail care market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global nail care market.
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