(MENAFN- EIN Presswire) Nail Polish Market Size 2023
The global nail polish market size will reach USD 13,800.0 million in 2022. This number will increase at a compound annual growth rate of 6.1% between 2023-2032
NEW YORK CITY, NEW YORK, UNITED STATES, March 20, 2023 /einpresswire.com / -- Market.us proffer a complete understanding of the nail polish market [Snapshot - Global Market Size, Largest Segment, Fastest Growth, and Growth Rate in % (CAGR)] in its latest research report. It also offers a detailed analysis of the global Nail Polish market that considers market dynamics such as segmentation, geographic expansion, competitive environment, and many other key elements. The Nail Polish Market data reports also provide a 5-year pre-historic forecast (up to 2031) for the sector and include data on socio-economic data of global.
The global nail polish market has experienced steady growth over the past few years, driven by the rising popularity of nail art and social media influence. Nail polish is a cosmetic product used to decorate and color nails. It comes in various shades and finishes such as matte, shimmer, glitter, and high gloss. The market for nail polish has been segmented according to type, application, and distribution channel. Type segments include traditional, gel, and hybrid nail polish; application segments include salons and home use; distribution channels span online and offline retail stores. The global nail polish market size will reach USD 13,800.0 million in 2022. This number will increase at a compound annual growth rate of 6.1% between 2023-2032 when the market size will reach up to 24,947.8 million. North America dominates the global nail polish market, with the U.S. being its largest market due to the high adoption of beauty products and an abundance of salons and nail studios. However, Asia-Pacific is expected to experience significant growth during the forecast period due to an increasing number of beauty-conscious consumers and DIY nail art becoming more commonplace.
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The TOP key market players listed in the report with their sales, revenues, and strategies are:
Unilever
Shiseido
Estee Lauder
Essie Cosmetics, Ltd.
Wella Operations US LLC
Coty, Inc.
Creative Nail Design, Inc.
Alessandro International
CNC International
Orly International Inc
NARS Cosmetics, Inc.
NBY London Ltd.
Sally Hansen
Soigné nails
Art of Beauty Co Inc
Revlon
Cosnova GmbH (Essence)
Wella Operations US LLC (O.P.I.)
L'Oréal S.A.
Nail Polish market Segmentation: Research Scope
Segmentation 1: Different types of Nail Polish market
Gel Nail Polish
Regular Nail Polish
Segmentation 2: by Application - They are widely used in places including
Hypermarkets & Supermarkets
E-commerce
Specialty Stores
Latest Update: Which Industry Will Boom In Future? and How big is the Nail Polish Industry?
Report Overview:
It is well-known that 'Nail Polish' has been a major trend in the world. According to new business trends worldwide, the Nail Polish Market provides Maximum ROI, and These industries are the highest-earning worldwide and are expected to grow quickly.
The SMART Objectives present solutions that enable businesses to make smart, fast, and precise business decisions to help them achieve their goals. The research of various service suppliers uncovers global business trends. The study examines in detail the impact of these key trends and discusses growth opportunities in different segments based on how these trends are shaping the Nail Polish market in the future.
Nail Polish Market Dynamics:
This section deals with understanding the Nail Polish market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in the following sections:
- Increase in Sales Revenue
- Increased Demand from Developing Regions
- Rise in Popularity
- R&D Efforts
- Product Innovation and Offerings
- Higher Cost
Segmentation 3: Geographic regions
- North America (U.S. and Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- the Middle East and Africa
The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share:
Highlights of the Report
#1. This report comprehensively explains customer behavior and growth patterns in the Nail Polish market.
#2. The report sheds light on the lucrative business prospects of the Nail Polish market
#3. The readers will gain an insight into the upcoming products and related innovations in the Nail Polish market
#4. The report provides details about the key strategic initiatives adopted by the key players functioning in the Nail Polish market
#5. The authors of the Nail Polish report have scrutinized the segments considering their profitability, market demand, sales revenue, production, and growth potential
#6. In the geographical analysis, the Nail Polish report examines the current market developments in various regions and countries
Key questions answered in this report:
1. What Industry Is In High Demand?
2. What is Nail Polish?
3. What is the expected market size of the Nail Polish market in 2022?
4. What are the applications of Nail Polish?
5. What is the share of the top 5 players in the Global Nail Polish Market?
6. How much is the Global Nail Polish Market worth?
7. What segments does the Nail Polish Market cover?
Recent Trends in the Nail Polish Market
. In recent years, the United States has seen a significant increase in demand for prototypes. Additive manufacturing has become more popular for high-volume production.
. Market participants participate actively in expanding the range and applications of Nail Polish. Technology is rapidly improving. As such, Nail Polish focuses on streamlining pre and post-production.
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