Global Nail Care Products Market, By Product Type (Nail Polish, Nail Accessories and Implements, Nail Strengtheners, Artificial nails and accessories, Nail Polish Removers), Distribution Channel (Online, Retail Stores, Beauty Salons), Price Range (Premium, Economic), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Trend Analysis, Competitive Market Share & Forecast, 2021-2027
- Published Date: September 2021
- Report ID: BWC21109
- Available Format: PDF
- Page: 198
Report Overview
Continuous changes in fashion trends and increased awareness of beauty contribute to the growth of the nail care market. With an increase in fashion trends and fashion grooming, consumers are increasingly buying nail care products to maintain healthy, beautiful nails.
Global Nail Care Products Market Size - Industry Trends & Forecast Report 2027
Global nail care products market was worth USD 9.8 Billion in 2020 and is further projected to reach USD 11.5 Billion by 2027, at a CAGR of 2.3 % during 2021-2027 (forecast period). Continuous changes in fashion trends and increased awareness of beauty contribute to the growth of the nail care market. With an increase in fashion trends and fashion grooming, consumers are increasingly buying nail care products to maintain healthy, beautiful nails. However, the growth of the nail care market is restrained by the use of chemicals in nail colors, removers, and adhesives like camphor, which are dangerous to consumer health and cause nausea, headaches, etc. In response to these harmful effects, consumers prefer to discontinue using the product.
Source: BlueWeave Consulting
Global Nail Care Products Market Overview:
Nail health is one of the important aspects of beauty trends. Maintaining the nails is an important aspect of women's style. It is very important to use a fine-textured file for the nails to be shaped and free from snags. Rising fashion trends, financial independence of women, and awareness of new beauty trends among young women, especially in developing countries, are the main reasons driving the nail care market. Since financial independence has made working people one of the leading segments of this market, the segment has experienced rapid growth.
Growth Drivers
Availability of non-toxic solutions for nail care
Markets offer a wide variety of non-toxic nail care solutions. Many serious diseases, such as skin infections, nail brittleness, and cancer, are caused by toxic chemicals in nail care products, which is a growing concern for consumers and manufacturers alike. Therefore, people prefer natural and non-toxic nail care solutions to maintain healthy and beautiful nails. The nail care products market is driven by the introduction of a wide range of products, mainly by online retailers like Amazon.com, Rakuten commerce, and Nykaa.com. Market growth is driven by increasing consumers' disposable income, enabling them to purchase non-toxic nail care products and solutions.
Growing new beauty trends
Many consumers, mostly women, are always looking for the latest beauty trends, products, and brands. A large population of young adults isn't following the brands their parents would and is increasingly turning towards natural nail care products, contributing to the growth of the nail care products market. Additionally, social media has become a catalyst for raising awareness among consumers about how to become beautiful. The nail care products market is driven by people's desires to experiment with new beauty products based on their concerns and fashion tastes.
Restraint
Nail colors, removers, adhesives, and nail gels contain chemicals like formaldehyde and camphor that can cause nausea, dizziness, and headaches for the consumer. These adverse effects lead consumers to discontinue using the products. Toxic chemicals in nail care products cause many serious diseases like skin infections, nail brittleness, and cancer, raising concerns among consumers and manufacturers. Due to this, consumers prefer to treat their nails with natural and nontoxic nail care products to maintain healthy and beautiful nails.
Global Nail Care Products: Impact of COVID-19
The growth of nail care products slowed right after the pandemic broke out in 2020, leading to fear among consumers, loss of business confidence, and future uncertainty. These are the reasons affecting the growth of the nail care products market. Moreover, due to nationwide lockdowns imposed by the governments of different countries to prevent the spread of the virus, customers began to reconsider their nail-care routines. Due to this, at-home nail care solution prevailed in place of salon-quality solutions.
Global Nail Care Products Market: By Product Type
Based on product types, the nail care products market is segmented into nail polish, nail accessories, nail strengthener, nail polish remover, artificial nails & accessories, and others. Since nail polish is available in various colors and textures, this segment accounts for the largest market revenue share. The segment is expected to dominate the global nail care products market even during the forecast period. Additionally. one can also find a wide selection of nail colors at various prices, ranging from very low to very high, which provides consumers with a wide array of choices. Several fashion trends are also observed among young consumers in the global nail care market, including nail art and nail extension, which is likely to drive the market during the forecast period.
Global Nail Care Products Market: By Distribution Channel
Based on distribution channels, the global nail care market is segmented into Online, Retail Stores, and Nail Salons. One of the fastest-growing segments in the nail care market is the growing number of nails salons. People find the nail salons more reliable for Nail care as they have skilled professionals. However, the growth of the online segment in the nail care market is also accelerating with technological advances. Additionally, social media platforms, such as Facebook, Instagram, and other easy-to-access fashion blogs are fueling the growth of the nail care products market.
Global Nail Care Products Market – Regional Insights
Based on the regions, the global nail care products market is categorized into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is likely to witness lucrative profits over the forecast period due to the presence of key players and the frequent launch of new nail care products in the region. The U.S.A. is the largest contributor in the region, followed by Brazil. On the other hand, several European fashion capitals, such as Paris, Milan, and London, make Europe a popular nail care market. In addition, Asian countries, such as India and China, are likely to experience high growth in the coming years as there is a high demand for gel nail polish and bright color nail paints in these countries. Many beauty treatments like manicure and pedicure services also increase the demand in these regions, especially in China.
Source: BlueWeave Consulting
Recent Developments
- September 2021: Clever Beauty launched green and anti-waste nail paints in partnership with French supplier Fiabila. The nail paints are entirely free of controversial ingredients and contain bio-sources of solvents, such as cotton, corn, and cassava. Baby girls as young as 3 years of age, pregnant women, and breastfeeding women are said to be safe to use the formula.
- August 2021: OPI launched the Nature Strong nail polish collection that features long-lasting, vibrant colors and an exceptionally high shine. According to The Vegan Society, the new line uses ingredients such as sugar cane, manioc, wheat, potatoes, and corn that are naturally vegan.
Competitive Landscape
The key players in the global nail care products market are Revlon, L’Oreal, Channel, COTY, China Glaze, Unilever, Oriflame, PandG, Amway, Avon Products, Inc., Colorbar Cosmetics Private Limited and other key manufacturers. Manufacturers are utilizing new formulations extensively to create innovative products. Products can be differentiated mainly based on the ingredients and colors used in their manufacture.
Scope of the Report:
|
Attribute |
Details |
|
Years Considered |
Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 – 2027 |
|
Facts Covered |
Revenue in USD Billion |
|
Market Coverage |
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, AUAE, South Africa, Saudi Arabia |
|
Product/Service Segmentation |
By Product Type, By Distribution Channel, By Price Range, By Region |
|
Key Players |
Key players for global nail care products market are Revlon, L’Oreal, Channel, COTY, China Glaze, Unilever, Oriflame, PandG, Amway, Avon Products, Inc., Colorbar Cosmetics Private Limited and other key manufacturers.
|
- By Product Type
- Nail Polish
- Nail Accessories and Implements
- Nail Strengtheners
- Artificial nails and accessories
- Nail Polish Removers
- By Distribution Channel
- Online
- Retail Stores
- Beauty Salons
- By Price Range
- Premium
- Economic
- By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Nail Care Products Market Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Recent Development
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Intensity of Rivalry
4.4 Value Chain Analysis
4.5 Key Strategic Developments
5. Global Nail Care Products Market Overview
5.1. Market Size & Forecast by Value, 2017-2027
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Product Type
5.2.1.1. Nail Polish
5.2.1.2. Nail Accessories and Implements
5.2.1.3. Nail Strengtheners
5.2.1.4. Artificial nails and accessories
5.2.1.5. Nail Polish Removers
5.2.2. By Distribution Channel
5.2.2.1. Online
5.2.2.2. Retail Stores
5.2.2.3. Beauty Salons
5.2.3. By Price Range
5.2.3.1. Premium
5.2.3.2. Economic
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Latin America
5.2.4.3. Europe
5.2.4.4. Asia Pacific
5.2.4.5. Middle East
5.2.4.6. Africa
6. North America Nail Care Products Market
6.1. Market Size & Forecast by Value, 2017-2027
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.2. By Distribution Channel
6.2.3. By Price Range
6.2.4. By Country
6.2.4.1. United States
6.2.4.2. Canada
7. Europe Nail Care Products Market
7.1. Market Size & Forecast by Value, 2017-2027
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Distribution Channel
7.2.3. By Price Range
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. Poland
7.2.4.3. Russia
7.2.4.4. Italy
7.2.4.5. France
7.2.4.6. United Kingdom
7.2.4.7. Spain
7.2.4.8. Rest of Europe
8. Asia Pacific Nail Care Products Market
8.1. Market Size & Forecast by Value, 2017-2027
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Distribution Channel
8.2.3. By Price Range
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Malaysia
8.2.4.5. Singapore
8.2.4.6. Rest of Asia Pacific
9. Latin America Nail Care Products Market
9.1. Market Size & Forecast by Value, 2017-2027
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Distribution Channel
9.2.3. By Price Range
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Mexico
9.2.4.3. Rest of Latin America
10. Middle East & Africa Nail Care Products Market
10.1. Market Size & Forecast by Value, 2017-2027
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. By Distribution Channel
10.2.3. By Price Range
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market/Ranking Share Analysis
11.3. Competitive Benchmarking, By Operating Parameters
12. COVID-19 Impact
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
13.1. Revlon
13.2. L’Oreal
13.3. Channel
13.4. COTY
13.5. China Glaze
13.6. Unilever
13.7. Oriflame
13.8. PandG
13.9. Amway
13.10. Avon Products Inc.
13.11. Colorbar Cosmetics Private Limited
13.12. Other Manufacturers
14. Key Strategic Recommendations
* Financial information of non-listed Companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.
List of Figures
Fig 1: Global Nail Care Products Market Segmentation
Fig 2: Global Nail Care Products Market Value Chain Analysis,
Fig 3: Company Market Share Analysis, 2020
Fig 4: Global Nail Care Products Market Size, By Value (USD Billion), 2017-2027
Fig 5: Global Nail Care Products Market Share (%), By Product Type, By Value, 2017-2027
Fig 6: Global Nail Care Products Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig 7: Global Nail Care Products Market Share (%), By Price Range, By Value, 2017-2027
Fig 8: Global Nail Care Products Market Share (%), By Country, By Value, 2017-2027
Fig 9: North America Nail Care Products Market Size, By Value (USD Billion), 2017-2027
Fig 10: North America Nail Care Products Market Share (%), By Product Type, By Value, 2017-2027
Fig 11: North America Nail Care Products Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig 12: North America Nail Care Products Market Share (%), By Price Range, By Value, 2017-2027
Fig 13: North America Nail Care Products Market Share (%), By Country, By Value, 2017-2027
Fig 14: Europe Nail Care Products Market Size, By Value (USD Billion), 2017-2027
Fig 15: Europe Nail Care Products Market Share (%), By Product Type, By Value, 2017-2027
Fig 16: Europe Nail Care Products Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig 17: Europe Nail Care Products Market Share (%), By Price Range, By Value, 2017-2027
Fig 18: Europe Nail Care Products Market Share (%), By Country, By Value, 2017-2027
Fig 19: Asia-Pacific, Nail Care Products Market Size, By Value (USD Billion), 2017-2027
Fig 20: Asia-Pacific, Nail Care Products Market Share (%), By Product Type, By Value, 2017-2027
Fig 21: Asia-Pacific, Nail Care Products Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig 22: Asia-Pacific, Nail Care Products Market Share (%), By Price Range, By Value, 2017-2027
Fig 23: Asia-Pacific, Nail Care Products Market Share (%), By Country, By Value, 2017-2027
Fig 24: Latin America Nail Care Products Market Size, By Value (USD Billion), 2017-2027
Fig 25: Latin America Nail Care Products Market Share (%), By Product Type, By Value, 2017-2027
Fig 26: Latin America Nail Care Products Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig 27: Latin America Nail Care Products Market Share (%), By Price Range, By Value, 2017-2027
Fig 28: Latin America Nail Care Products Market Share (%), By Country, By Value, 2017-2027
Fig 29: Middle East & Africa Nail Care Products Market Size, By Value (USD Billion), 2017-2027
Fig 30: Middle East & Africa Nail Care Products Market Share (%), By Product Type, By Value, 2017-2027
Fig 31: Middle East & Africa Nail Care Products Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig 32: Middle East & Africa Nail Care Products Market Share (%), By Price Range, By Value, 2017-2027
Fig 33: Middle East & Africa Nail Care Products Market Share (%), By Country, By Value, 2017-2027
List of Tables
Table 34: Global Nail Care Products Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table 35: Global Nail Care Products Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table 36: Global Nail Care Products Market Size, By Price Range, By Value (USD Billion), 2017-2027
Table 37: Global Nail Care Products Market Size, By Region, By Value (USD Billion), 2017-2027
Table 38: North America Nail Care Products Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table 39: North America Nail Care Products Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table 40: North America Nail Care Products Market Size, By Price Range, By Value (USD Billion), 2017-2027
Table 41: North America Nail Care Products Market Size, By Country, By Value (USD Billion), 2017-2027
Table 42: Europe Nail Care Products Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table 43: Europe Nail Care Products Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table 44: Europe Nail Care Products Market Size, By Price Range, By Value (USD Billion), 2017-2027
Table 45: Europe Nail Care Products Market Size, By Country, By Value (USD Billion), 2017-2027
Table 46: The Asia-Pacific Nail Care Products Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table 47: The Asia-Pacific Nail Care Products Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table 48: The Asia-Pacific Nail Care Products Market Size, By Price Range, By Value (USD Billion), 2017-2027
Table 49: The Asia-Pacific Nail Care Products Market Size, By Country, By Value (USD Billion), 2017-2027
Table 50: Latin America Nail Care Products Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table 51: Latin America Nail Care Products Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table 52: Latin America Nail Care Products Market Size, By Price Range, By Value (USD Billion), 2017-2027
Table 53: Latin America Nail Care Products Market Size, By Country, By Value (USD Billion), 2017-2027
Table 54: The Middle-East & Africa Nail Care Products Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table 55: The Middle-East & Africa Nail Care Products Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table 56: The Middle-East & Africa Nail Care Products Market Size, By Price Range, By Value (USD Billion), 2017-2027
Table 57: The Middle-East & Africa Nail Care Products Market Size, By Country, By Value (USD Billion), 2017-2027
Table 58: Revlon Financial Analysis
Table 59: Revlon Business Overview
Table 60: L’Oreal, Financial Analysis
Table 61: L’Oreal, Business Overview
Table 62: Channel Financial Analysis
Table 63: Channel Business Overview
Table 64: COTY Financial Analysis
Table 65: COTY Business Overview
Table 66: China Glaze Financial Analysis
Table 67: China Glaze Business Overview
Table 68: Unilever Financial Analysis
Table 69: Unilever Business Overview
Table 70: Oriflame Financial Analysis
Table 71: Oriflame Business Overview
Table 72: PandG Financial Analysis
Table 73: PandG Business Overview
Table 74: Amway Financial Analysis
Table 75: Amway Business Overview
Table 76: Avon Products, Inc. Financial Analysis
Table 77: Avon Products, Inc. Business Overview
Table 78: Colorbar Cosmetics Private Limited Financial Analysis
Table 79: Colorbar Cosmetics Private Limited Business Overview
Market Segmentation
- By Product Type
- Nail Polish
- Nail Accessories and Implements
- Nail Strengtheners
- Artificial nails and accessories
- Nail Polish Removers
- By Distribution Channel
- Online
- Retail Stores
- Beauty Salons
- By Price Range
- Premium
- Economic
- By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
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