Newark, Nov. 08, 2022 (GLOBE NEWSWIRE) -- According to The Brainy Insights, the nail care products market is growing at a CAGR of 5.1% from 2022-2030. The rise in various trends and product launches in categories including nail polish, artificial nails, creams, and cuticle oil is driving market growth. Nail polish held the largest segment in 2021. Consumers across the globe prefer some kind of nail color such as nude, bright colors, and shimmers depending on the occasions. Shifting consumer preferences from synthetic to natural & organic products has coerced the nail care products manufcatuerers to launch organic nail care range. In August 2021, OPI launched vegan nail polish collection and are avaiabile for a price of USD 11.50.
The increasing adoption of nail polish among young males is expected to positively impact the overall market growth. Nail paint trends like monochrome, similes, misx & match, glitter, and holograohic have beome popular among men. Further, acryclic nail extension is also becoming popular among celebrities and infleuncers.
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Nail care products like cream and cutile oil are also ganing traction. Application of these products strengthen the nail and stimulate nail growth. It also improves the appearance of the nail. These products contain vitamin E, almond oil, or any other combination of oils to help repair the nail. Some of the popular products include Essie Apricot Cuticle Oil, French Girl Organics Nail & Cuticle Oil, Burt's Bees Lemon Butter Cuticle Cream, and Sephora’s Cuticle Care Pen.
The rise in spending on personal grooming and increasing awareness about the nail spas has prompted consumers to book services provided by salon & spas. The wide availability of various designs, extensions, and nail shapes along with professional suggestion is propelling the segment growth. Moreover, opening of nail salon in countries like China, India, and Thailand is expected to boost the market growth.
The nail care products market is highly competitive with presence of both international brands and small & medium sized companies. Most players in the market are shifting to organic products owing to increasing consumer demand for chemical and toxin free nail polish and creams. The companies are also launching instant press on nails and DIY manicure kit to offer more convenience to the consumers.
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Key Players
1. L'Oréal Groupe
2. Sally Hansen Inc.
3. Wella Operations US LLC
4. Clorox (Burt’s Bees)
5. Coty Inc.
6. Olive & June
7. ORLY International, Inc.
8. The Estée Lauder Companies
9. Creative Nail Design Inc.
10. Kiehl’s
11. NSI Nails
12. LCN USA
13. Revlon
14. China Glaze
Market Segmentation
• Product Insights
o Artificial Nail & Accessories
o Nail Polish
o Others
• End-use Insights
o Household
o Salon & Spa
Regional Insights
o North America
US
Canada
Mexico
o Europe
Germany
UK
France
Italy
Spain
o Asia Pacific
China
India
Japan
South Korea
Australia
o Central & South America
Brazil
o Middle East & Africa
South Africa
UAE
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About the report:
The market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, Product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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