PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449684
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449684
The Global Nail Care Market size was valued at US$ 21.08 Billion in 2023 and is expected to reach US$ 30.26 Billion by 2030, grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023/2024: | US$ 21.08 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023/2024 to 2030/2031 CAGR: | 5.30% | 2030/2031 Value Projection: | US$ 30.26 Bn |
Nail care is an essential aspect of personal grooming and has gained significant popularity in recent years. It involves the care and maintenance of nails, including trimming, shaping, and applying various products to enhance their strength and appearance. The nail care market has witnessed substantial growth due to increasing awareness among individuals regarding the importance of nail hygiene and the influence of social media trends.
Traditionally, nails were simply trimmed and maintained, but the industry has evolved to offer a wide range of products and services to cater to diverse consumer preferences. The market includes nail polishes in different colors and finishes, nail extensions, gel manicures, and various nail art designs. This expansion reflects the growing demand for innovative nail care solutions.
The nail care market is driven by several factors, including the desire for self-expression and the growing trend of nail art. With social media platforms showcasing stunning nail designs, individuals are increasingly seeking unique and creative ways to adorn their nails. This has led to an increase in demand for nail polishes, nail art kits, and other accessories.
Furthermore, the increasing focus on personal grooming and appearance enhancement has propelled the demand for nail care services. Nail spas and salons have witnessed a significant rise in popularity as consumers seek professional care and treatments to maintain healthy and beautiful nails. For instances, according to the nail care market data, nail care has become an integral part of personal grooming, with nail polish and nail art becoming particularly popular in the corporate and fashion industries. This trend is expected to remain a prominent factor in augmenting the product demand throughout the forecast period.
However, the market also faces certain challenges. The presence of toxic chemicals in some nail care products has raised concerns regarding their impact on nail health and the overall well-being of individuals. The COVID-19 pandemic has negatively impacted the market, thereby leading to temporary closures of nail salons and a decline in the demand for nail care services.
Despite these challenges, the nail care market presents numerous opportunities for growth. The development of nail care formulations with natural and safer ingredients is gaining traction among health-conscious consumers. Moreover, the rising popularity of do-it-yourself (DIY) nail care kits provides convenience and affordability, further driving the market growth.
Nail Care Market Segmentation: