(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Global Nail Care Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Nail Care Market products.
Nail care is one of the most essential parts of female fashion. Approximately 92% of females use nails care products in the world. It is believed that women aged 55 and above are the major consumers of nail care services across the globe. Global nail care market is estimated to reach USD 9.2 Billion by 2019, thus making it one of the most appealing businesses for the new and existing players.
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Market Size and Forecast
North America nail care market grew by 11.8% from 2013-2014 and it is further anticipated to grow with almost same Y-O-Y groth in the upcoming years. In Asia Pacific, Japan is the major market for the nail care owing to increasing popularity of manicures in the country followed by China. In addition to that, India and China, Malaysia, Thailand are projected to be the emergent countries for the nail care market. Europe nail care market is believed to flourish from increase in total number of beauty salons and nail bars in the region over next few years.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Market Segmentation
Our in-depth analysis has segmented global nail care market into the following segments:
By Product Type
- Nail Polish
- Nail Polish Remover
- Nail Extensions
- Manicure Products
- Pedicure Products
- Other Products
By Price Range
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By Distribution Channel
- Hypermarket
- Health & Beauty Store
- Online Stores
- Pharmacies
- Other Distribution Channels
By Region
Global nail care market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
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Growth Drivers and challenges
Increasing fashion & beauty consciousness and rising disposable income across the globe are the major drivers of the global nail care market.
Trending trying new looks according to dress and numerous occasions promise the un-doubtable great opportunity for the growth of the global nail care market.
However, factors like counterfeits of original products, un-organized market flushed with non-branded and cheaper options, increasing concern of customer for nail damages and side effects of the chemical substance combined in the nail care products are the key challenges for the global nail care market at present.
Key Players
- L'Oréal S.A.
- Company Overview
- Key Product Offerings
- Business Strategy
- SWOT Analysis
- Financials
- Coty Inc.
- Revlon Inc.
- Chanel S.A.
- The Estée Lauder Companies Inc
- Clarins Group
- KM Nail Manufacturer
- Creative Nail Design Inc.
- NSI Nails
- MAC Cosmetics
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players .
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James Bullock
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