Global nail care products market is expected to grow at a significant CAGR in the
upcoming period as the scope and its applications are rising enormously across
the globe. Nail care products are long lasting, less toxic, and healthy for
nails. These products help to protect nails against harmful chemicals and
toxins.
The factors that are
playing a major role in the growth of the market are the presence of non-toxic
solutions for nail care, the growing awareness among consumers regarding
organic nail care products, and the growing beauty and fashion consciousness
among the populace. However, the rising concern regarding the presence of
harmful chemicals in the products may restrain overall market growth in the
years to come. Nail care products market is segmented based on product type,
distribution channel, and region.
Nail polish accessories,
nail polish, nail polish removers, nail strengtheners, and the other product
types could be explored in nail care products in the forecast period. Nail
polish sector comprises nail accessories, base coat, matte, to pcoat and nail
gel. The nail polish sector accounted for the substantial market share of nail
care products and is estimated to lead the overall market in the years to come.
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Based on the distribution channel,
health & beauty retailers, e-commerce, supermarket & hypermarket, and
others could classify nail care products market in the forecast period. Health
& beauty retailers sector accounted for the substantial market share of nail
care products and is estimated to lead the overall market in the years to come.
Globally, North America accounted for
the substantial market share of nail care products and is estimated to lead the
overall market in the years to come. The reason behind the overall market
growth could be the use of enhanced technology like AR in the marketing of nail
care products and the growing demand from consumers. The United States is a
major consumer of nail care products in this region.
Europe and the Asia Pacific are also
estimated to have a positive influence on future growth. Europe is the second
largest region with significant market share. However, Asia Pacific is
estimated to grow at the highest CAGR in the forecast period. The developing
countries like India and China are the major consumers of nail care products in
this region. The key players of nail care products market are Shiseido Company,
Coty, REVLON, Estée Lauder Companies, and L'ORÉAL. These players are
concentrating on inorganic growth to sustain themselves amidst fierce
competition.
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