Globally, Professional Nail Care Products Market is expected to expand at a significant CAGR over the next few years due to its growing scope and applications. Key factors such as high focus on personal grooming and nail hygiene, increasing social media and celebrity influence, and rising availability of various types of nail care products in online and offline stores are expected to drive global market revenue growth during the forecast period.
Nail care and maintenance of fingernails and toenails is one of the most significant aspects of an individual’s appearance. Good nail care can help in preventing fungus infections of the nails and painful ingrown fingernails and toenails. Nail care has become an integral part of personal grooming owing to rising awareness about personal hygiene and availability of various types of nail care products. Some of the commonly used professional nail care products include nail polish, nail paint remover, creams, oils, artificial nails, and accessories. Currently, the increasing number of millennials and Gen Z women wanting to experiment with trending fashion has resulted in rising popularity of nail care products such as stick-on nails, manicure and pedicure kits, creams, oils, and other accessories tool kits.
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Factors such as changing lifestyle preferences, increasing number of salons, home service providers, nail art studios and spas, rising product launches, and rising popularity of various types of gels, long-wear nail polishes, nail enhancements, and nail polishes are expected to boost global market growth. In addition, many manufacturers are focused on developing innovative, novel, formulations with different colors and long-lasting and quick-drying features. This is also expected to drive overall professional nail care products market growth going ahead.
However, high cost of professional nail care products, rising availability of counterfeit nail care products, and lack of skilled professionals in many countries are expected to hamper overall market growth during the forecast period.
Nail Enhancements Segment To Register Rapid Revenue CAGR:
The nail enhancements segment revenue is expected to expand at a rapid CAGR over the forecast period. This can be attributed to changing fashion trends, rising popularity of artificial nails, growing social media influence, rising spending capacity among women, and increasing demand for various types of nail enhancements for events, weddings, and regular use.
Female Segment to Account for Largest Revenue Share:
The female segment is expected to account for largest revenue share between 2023 and 2028 owing to growing awareness about personal appearance and grooming, increasing number of working women across the globe, rising number of nail care salons across the globe, and presence of various nail art and nail care trends.
North America to Lead In Terms of Revenue Share:
North America is expected to lead in terms of revenue share during the forecast period owing to rapidly expanding film, television, and entertainment sectors, presence of skilled professionals, rising availability of various nail care products on online platforms and offline stores, and growing awareness about personal grooming. In addition, growing popularity of nail art, rising social media and celebrity influence, and rising investments in developing innovative and attractive nail care products are other factors that can drive North America market growth going ahead.
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Professional Nail Care Products Market By Company:
Gelish (Hand and Nail Harmony)
Nail Systems International
Professional Nail Care Products Industry Recent Developments:
In July 2019, Kylie Jenner announced the launch of a line of nail care products including nail polish remover, lacquer, nail strengtheners, nail care preparations, and artificial nails.
In September 2022, Pear Nova collaborated with Ipsy to launch four new nail paint shades in classic lacquers. The partners have stated to launch more nail care and nail lacquer shades in the coming years.
The global professional nail care products market has been segmented based on type, application, and region:
Professional Nail Care Products Market Segment by Type:
Long-wear Nail Polishes
Professional Nail Care Products Market Segment by Application:
Professional Nail care Products Market Segment by Region:
North America (USA, Canada, Mexico)
Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
Middle East & Africa (Saudi Arabia, U.A.E, Egypt, Nigeria, South Africa, Rest of MEA)
Key Reasons to Purchase:
Estimates 2023 to 2028 professional nail care products market current market trends and development trends
Market dynamics along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the Professional Nail care Products market
Competitive landscape involving market share of the major players, new strategies and projects adopted by players in the last five years
Comprehensive company profiles covering product offerings, key financial information, SWOT analysis and strategies employed by major market players
Brief about impact of COVID-19 on the global professional nail care products market
Key Questions Addressed:
What revenue CAGR is the global market expected to register during the forecast period?
Which key players are leading in the global professional nail care products market?
What is the expected market size of the global professional nail care products market between 2023 and 2028?
What factors are expected to open new growth avenues and opportunities for existing and emerging market players?
What are some of the key challenges that the global market is expected to face during the forecast period?
Which region is expected to account for largest revenue share over the forecast period?
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