Nail Polish Market Overview:
This study's purpose is to give an overview of the Nail Polish market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Nail Polish companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Global Nail Polish market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Nail Polish Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Nail Polish Market Size from a worldwide standpoint, evaluating historical data and forecasts.
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Global Nail Polish Market size was valued at US$ 11.79 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 9.5% through 2022 to 2029, reaching nearly US$ 24.37 Bn.
Market Scope:
Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.
Drivers:
The size of the global nail polish market is predicted to grow at a high CAGR, and demand is predicted to increase quickly due to rising sales to the teenage population, which prefers designer nails. The demand for nail polish is anticipated to increase as more people visit salons and nail art studios.
The fastest-growing area of colour cosmetics is anticipated to be the creation of novel nail products, such as enamel, varnish, and lacquer, with new textures and effects. Due to the excellent services offered by specialised salons, nail care services are expanding quickly. Because people have a tendency to change their fashion preferences frequently and have a growing appreciation for beauty, the demand for liquid enamel is predicted to increase steadily over time.
Segmentation:
The market is divided into two categories based on the product: liquid and gel. By 2029, the liquid polish segment is anticipated to command a xx% market share. Demand is being driven by the availability of colours and the ease of application. Liquid products are anticipated to hold the largest market share during the forecast period as a result of consumer resistance to switching to gel-based alternatives.
Demand is anticipated to be driven by the simplicity of use, low cost, and the manufacturer's wide selection of colours. Additionally, the growing fashion and cosmetics industry is anticipated to be a significant driver of market growth during the forecast period due to rising consumer demand for beauty products.
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Key Players: the key players are
• Revlon, Inc.
• Essie Cosmetics, Ltd.
• L’Oreal Paris
• Odontorium Product Inc.
• Creative Nail Design, Inc.
• Fiabila Cosmetics Co., Ltd.
• The Estee Lauder Companies, Inc.
• NARS Cosmetics
• China Glaze
• Cosmetic Industries, Inc.
• Sally Hansen, Inc.
• RGB Cosmetics
• Vogue Cosmetics
• Procter & Gamble Co.
• Coty, Inc.
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Regional Analysis:
The report has assessed the global Nail Polish market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
Key Questions answered in the Nail Polish Market Report are:
- Which key trends are likely to emerge in the Nail Polish market in the forecast period?
- What will be the Nail Polish market size by 2027?
- Which company had the biggest share in the Nail Polish market in 2020?
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