India Nail Care Products Market Size Booming at CAGR of 8.37% to Touch USD 1.2 Billion by 2030

Published | 12 April 2024

India Nail Care Products Market is expanding rapidly due to growing awareness about personal grooming driven by fashion trends, the influence of social media, expanding urbanization and increasing disposable income.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Nail Care Products Market size by value at USD 885.27 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Nail Care Products Market size to expand at a CAGR of 8.37% reaching a value of USD 1,186.35 million by 2030. The driving factors of the India Nail Care Products Market stem from its vast population and expanding workforce, fostering high consumption rates. With a predominantly youthful demographic, particularly Millennials and Generation Z, there is a substantial demand for nail care and cosmetics. It has attracted both international and domestic brands, including emerging ventures like Unglis.com and O’2 Nails India, focusing on this segment. Sugar Cosmetics, an Indian brand, capitalizes on organic ingredients and avoids harmful additives, tapping into the trend of changing nail colors frequently. Increasing fashion consciousness, affordability, and a surge in nail art trends contribute to market expansion, alongside the proliferation of nail salons.

Opportunity – Growing Awareness about Nail Health

The surge in self-care practices has propelled nail care to the forefront of wellness routines. Consumers are increasingly prioritizing nail hygiene, driving demand for products like nail food, cuticle oils, and serums. Awareness of the role of nutrition, hydration, and proper care in nail strength and growth has surged. The heightened consciousness has led to a burgeoning market for products enriched with vitamins and minerals. Additionally, the wellness industry, including nail salons and spas, has experienced a surge, reflecting the growing importance individuals place on maintaining strong, healthy nails.

Impact of Escalating Geopolitical Tensions on India Nail Care Products Market  

Escalating geopolitical tensions can significantly impact the growth of India Nail Care Products Market. Heightened trade restrictions and sanctions may disrupt the supply chain, leading to product shortages and price fluctuations. Moreover, strained international relations could hinder imports of essential ingredients and materials required for manufacturing nail care products, increasing production costs. Economic uncertainties stemming from geopolitical instability may also dampen consumer spending, affecting the demand for non-essential items like nail care products. Recent events, such as trade disputes, border conflicts, or geopolitical alliances could exacerbate these challenges. In response, local manufacturers may seek to diversify their supply chains, innovate product offerings, and focus on domestic market growth to mitigate the effects of geopolitical tensions on the nail care industry.

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India Nail Care Products Market  

Segmental Coverage

India Nail Care Products Market – By Product Type

Based on product type, India Nail Care Products Market is divided into Nail Polish, Nail Polish Remover, Nail Extensions, Manicure Products, and Other (including Pedicure Products) segments. The nail polish segment is the largest product type in the India Nail Care Products Market, encompassing a wide range of colors, finishes, and formulations to cater to diverse consumer preferences. Nail polish dominates the market due to its popularity among consumers for daily wear, special occasions, and self-expression. Its versatility and affordability make it a staple in nail care routines across demographics. With continuous innovation and trends driving demand, nail polish remains the cornerstone of the India Nail Care Product Market, accounting for the majority of sales and market share among all segments.

India Nail Care Products Market – By Price Range

Based on price range, India Nail Care Products Market is divided into Premium, Medium, and Economy segments. The medium segment is the largest price range in the India Nail Care Products Market. The segment represents a substantial portion of consumer preferences and purchasing behavior in the market. While the premium segment caters to higher-end consumers seeking luxury and specialized products, and the economy segment targets budget-conscious shoppers, the medium segment strikes a balance between quality and affordability, appealing to a wide range of consumers. Its prominence signifies the market's diverse consumer base and the demand for products that offer both value and quality in the nail care industry in India.

Competitive Landscape

India Nail Care Products Market is fiercely competitive. Major companies in the market include L'Oréal Groupe, Colorbar Cosmetics, Clarion Cosmetics, Vive Cosmetics, Cossmic Products Pvt Ltd, NYKAA, Lotus Herbals, Faces Cosmetics India Pvt Ltd, INGLOT Cosmetics, Kiko Milano, Lakmé, GLAM Nails, LCN USA, and Estée Lauder India. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the India Nail Care Products Market.

Don’t miss the business opportunity India Nail Care Products Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Nail Care Products Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in India Nail Care Products Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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