Nail Polish Market size was valued at USD 12.91 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 9.5% through 2023 to 2029, reaching nearly USD 24.36 Bn.
Nail Polish Market Overview:
The Nail Polish Market growth drivers and challenges, as well as company plans, procedures, and a detailed financial strategy, are all explored in the research. The global Nail Polish market study investigates the industry’s competitive landscape and leading players. In light of modern industrial conditions, this global Nail Polish market study helps with structure planning.
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Nail Polish Market Report Scope and Research Methodology:
The growth of different segments in the Nail Polish market helps to identify the key growth factors and develop strategies to target core application areas and fill the gaps in the target market. The report provides an in-depth analysis of the Nail Polish market, including meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies. The bottom-up approach was used to estimate the Nail Polish market size. Key players in the Nail Polish industry were identified through secondary research, and their market revenues were determined through primary and secondary research. The report also covers mergers and acquisitions, strategic alliances, joint ventures, and partnerships in the Nail Polish market by region, investment, and strategic intent.
Nail Polish Market Regional Insights:
The global Nail Polish market is divided into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The report provides regional analysis with the Nail Polish market size of each region. The countries portion of the research examines a variety of market factors that are expected to influence current and future Nail Polish market trends, as well as changes in market regulations at the country level. Some of the key factors used to forecast each country’s Nail Polish market situation include consumption, production location and volume, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis.
Nail Polish Market Dynamics:
The worldwide nail polish market is expected to rise at a rapid pace because to increased purchasing by the adolescent population who like designer nails. The demand for nail polish is likely to rise as the number of individuals visiting salons and nail art classes increases.The development of novel textures and effects for nail products such as enamel, varnish, and lacquer is predicted to be the fastest growing section of the colour cosmetics industry. Nail care services are quickly expanding as a result of the high quality of services provided by professional salons. The market for liquid enamel is predicted to rise steadily as a result of behavioural factors such as frequent design changes and increased beauty awareness.
Nail Polish Market Segmentation:
by Product
Liquid
Gel
by Sales Channel
Supermarkets
Hypermarket
Convenient Stores
Specialty Stores
Online or E-Commerce
Colour availability and simplicity of application are fuelling demand. Liquid products are likely to account for the biggest market share over the projection period due to consumer reluctance to move to gel-based substitutes.
The market is divided into Supermarkets, Hypermarkets, Convenient Stores, Specialty Stores, and Online or E-Commerce. In recent years, online or E-Commerce has become an essential component of the worldwide retail environment. The retail sector, like many other industries, has changed tremendously since the birth of the internet, and as modern life continues to digitalize, consumers from virtually every country now benefit from the convenience of online purchasing. These are the primary factors driving the growth of the worldwide online or e-commerce segment over the predicted period.
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Nail Polish Market Key Players:
1. Revlon, Inc.
2. Essie Cosmetics, Ltd.
3. L’Oreal Paris
4. Odontorium Product Inc.
5. Creative Nail Design, Inc.
6. Fiabila Cosmetics Co., Ltd.
7. The Estee Lauder Companies, Inc.
8. NARS Cosmetics
9. China Glaze
10. Cosmetic Industries, Inc.
11. Sally Hansen, Inc.
12. RGB Cosmetics
13. Vogue Cosmetics
14. Procter & Gamble Co.
15. Coty, Inc.
16. American International Industries
17. Christian Dior SE
18. Chanel S.A.
19. Odontorium Products, Inc
20. Karma Organic Spa
21. Kester Black
22. Kosé Corporation
Key Questions answered in the Nail Polish Market Report are:
- What is the expected Nail Polish market size by the end of the forecast period?
- What was the Nail Polish market size in 2022?
- What are the Nail Polish market segments?
- Which segment in the Nail Polish market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Nail Polish market?
- What key trends are expected to emerge in the Nail Polish market during the forecast period?
- What factors are driving the global Nail Polish market growth?
- Which region dominated the global Nail Polish market?
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Key Offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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