Global Nail Care Market: Snapshot
The demand for non-toxic, organic and natural nail care products is accelerating. Moreover, with technological advancements, nail protective products and tools are also being developed that are easy-to-use and are more efficient. The nail care products that can repair and treat nails are also being offered on a large scale. The manufacturers are producing nail protection products, and nail masks using organic and food-inspired ingredients. The growing popularity of gel nail polish is also resulting in the manufacturing of new gel-based colors that last for a long time without resulting in breaking, dry or brittle nails.
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Use of sweet almond oil in development of various cosmetic products is also gaining traction. Sweet almond oil helps in keeping skin and nails hydrated and can also provide protection against harmful UV radiation. Massaging nails and surrounding area with sweet almond oil also helps in thicken and strengthen nails, hence, massage oils with sweet almond oil as the main ingredient is also being developed by manufacturers.
As per the report compiled by Transparency Market Research (TMR), the global market for nail care is likely to witness steady growth during 2017-2022. The market is projected to register 5.8% CAGR and is also projected to bring in US$ 11,998.1 million revenue by 2022 end.
Nail Polish- Top-Selling Product
Nail polish is likely to be one of the top-selling product in the global nail care market. By 2022 end, nail polish is projected to bring in nearly US$ 6,400 million revenue. Meanwhile, nail wraps/other extensions are also likely to witness robust growth during 2017-2022. With increasing demand for beauty products made using natural ingredients, nail polish manufacturers are also producing nail polishes made entirely of organic ingredients.
Highest Sale through Health & Beauty Retailer
Compared to the various sales channels, health & beauty retailer are likely to emerge as the most lucrative sales channel. Health & beauty retailer is projected to surpass US$ 4,300 million revenue towards 2022 end. Meanwhile, sales through e-commerce platform is also likely to witness robust growth during 2017-2022.
Premium Nail Care Products to Gain Maximum Revenue Share
Premium nail care products are likely to account for more than half of the revenue share by 2017 end. Premium nail care products are also projected to exceed US$ 6,800 million revenue by 2022 end. With consumers becoming more concerned about their looks and beauty, the manufacturers are offering premium beauty products that are safe and made using organic ingredients. Hence, customers are willing to pay a premium price for better products.
APEJ to Dominate the Global Nail Care Market
Asia Pacific Excluding Japan (APEJ) is likely to emerge as the biggest market in the global market for nail care during 2017-2022. By 2017 end, APEJ is projected to account for more than one-third of the revenue share. Countries such as China, India, Thailand, and Malaysia are likely to witness growth in the nail care market. The demand for gel nail polish and bright color nail polish is also increasing, hence, driving the growth of nail care market in APEJ. Moreover, manicure and pedicure services are also popular in various APEJ countries, especially in China.
North America is also likely to emerge as the lucrative market for nail care. Presence of major brands and the introduction of new nail care products are some of the factors driving the market growth in North America.
The report also offers a detailed profile of various major market players such as Shiseido Company Limited, Chanel, The Estée Lauder Companies Inc., Procter & Gamble Co., L’Oreal SA, Avon Products, Inc., Colorbar Cosmetics Private Limited, LVMH Moët Hennessy Louis Vuitton S.E., Hindustan Unilever Ltd., and Revlon, Inc.