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nail polish market Size (USD 27 billion by 2032) with 8.8% CAGR

Submitted by William531 on Fri, 06/02/2023 - 03:23

The nail polish market is a segment of the global cosmetics industry and primarily consists of products used to decorate and enhance the appearance of nails. Nail polish is available in various forms such as liquid, gel, and powder, and it comes in a wide range of colors and finishes.
In 2022, the global nail polish market was valued at USD 11.07 billion. Between 2023 and 2032, this market is estimated to register a CAGR of 8.8%. It is expected to reach USD 27 billion by 2032.
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Major Players in the Global Sportswear Market:
Estée Lauder
Sally Hansen
Wella Operations US LLC (O.P.I.)
Cosnova GmbH (Essence)
NOTE Cosmetique
L’Oréal S.A.
Other Key Players
Key Factors Driving the Global Sportswear Market:
Increasing fashion consciousness: Growing fashion consciousness among both men and women, particularly in emerging economies, has been contributing to the rising demand for nail polish.
Influence of social media: The popularity of social media platforms, such as Instagram and YouTube, has played a significant role in promoting nail art and nail polish trends. Consumers are increasingly inspired by nail art tutorials, celebrity endorsements, and influencer recommendations, which has positively impacted the market.
Technological advancements: The development of long-lasting and chip-resistant formulas, such as gel-based nail polishes, has attracted consumers looking for durable and high-performance products. Innovations in nail polish application techniques, including dip powder manicures and nail wraps, have also gained popularity.
Increasing disposable income: As disposable income levels rise, consumers have more spending power for personal care and beauty products, including nail polish. This trend is particularly prominent in developing countries where rising middle-class populations are driving market growth.
Expansion of distribution channels: The availability of nail polish through various retail channels, such as specialty stores, beauty salons, online platforms, and supermarkets, has contributed to market growth. E-commerce platforms, in particular, have provided convenience and a wide range of product options to consumers.
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Key Market Segments
Based on Product Type
Other Product
Based On Finishes
Other Finishes
Based on Distribution Channel
Supermarket and Hypermarkets
Independent Stores
Specialty Stores
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