The preference for nail products that
are less toxic, long lasting and healthy is growing. Costumers are
opting for quality products and are also ready to pay more for these
products. The demand for organic products is also rising. Moreover,
anti-pollution and anti-aging products are also gaining popularity in
the nail care market.
Demand for the products that strengthen, hydrate, and smoothen nails is
also increasing. With various advancements in the market, companies are
producing nail polishes with new colors and with more luster and shine.
Moreover, long-lasting nail polish are also being made.
Technological advancement is also taking
place in the industry, and companies are developing new equipment and
machines to provide better protection to the nails. Meanwhile,
innovative and easy-to-use tools for manicure, pedicure, and shaping
nails are also being produced. The demand for supplements and vitamins
to enhance nail health is also increasing. Hence, supplements including
omega 3 fatty acids, biotin, and vitamin B are being produced as well as
consumed on a large scale.
Some of the key market players in the
global nail care market report are The Estée Lauder Companies Inc.,
L’Oreal SA, Shiseido Company Limited, Procter & Gamble Co., Avon
Products, Inc., Chanel, Revlon, Inc., LVMH Moët Hennessy Louis Vuitton
S.E., Colorbar Cosmetics Private Limited, and Hindustan Unilever Ltd.
Global Nail Care Market to Witness Steady Growth during the Forecast Period 2017-2022
According to the latest report by
Transparency Market Research (TMR), the global nail care market is
expected to witness steady growth, registering 5.8% CAGR during the
forecast period 2017-2022. The market is also expected to reach US$
11,998.1 million revenue by the end of 2022.
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The global nail care market has been
categorized on the basis of product type, price, and sales channel.
Based on the product type, nail polish is expected to be the highly
preferred product in the global nail care market. On the basis of price,
the market segmentation includes premium and economic segments. Among
these two segments, premium nail care segment is expected to witness
significant growth during the forecast period 2017-2022.
Based on sales channel, health &
beauty retailers are expected to emerge as the biggest sales channel in
the global nail care market during the forecast period 2017-2022. On the
basis of region, the market segments include North America, Latin
America, Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the
Middle East and Africa (MEA). Among these, APEJ is expected to remain
dominant in the global nail care market during the forecast period
2017-2022.
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