Hair and Nail Accessories Market Insights:
According to MRFR analysis, the global Hair and nail accessories market is expected to register a CAGR of ~6.9% from 2022 to 2030 and hold a value of over USD 36.2 Billion by 2030.
The Hair and Nail Accessories Market include a wide range of products designed to enhance and style hair and nails. It encompasses items such as hairbrushes, combs, hair clips, hairpins, hair bands, hair extensions, nail polish, nail art tools, and more. These accessories are used by individuals for personal grooming, styling, and expressing their creativity. The COVID-19 pandemic had a significant impact on the hair and nail accessories market. With lockdowns and social distancing measures in place, the demand for these products declined as people reduced their salon visits and social gatherings. The closure of non-essential businesses and limited access to beauty services negatively affected the market. However, the pandemic also sparked an increased interest in at-home beauty routines and self-care. Many individuals started experimenting with DIY hairstyles and nail art, leading to a surge in the demand for hair and nail accessories, especially those suitable for home use. This trend was fueled by the popularity of virtual meetings, online events, and social media platforms, where individuals sought to maintain their personal grooming standards.
Additionally, as restrictions eased and salons reopened, the market witnessed a recovery as consumers resumed their beauty routines and sought professional services. The demand for hair and nail accessories rebounded, albeit at a slower pace.
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Top Key Players:
Some of the market key players are Goody Products Inc., Claire’s, Conair Corporation, H&M, Always 21, Fromm International, Annie International Inc., ERICKSON, Silke London and Invisibobble
Market Segmentation:
The Global Hair and nail accessories market has been segmented into type and Distribution Channel
By Type: Hair Accessories and Nail Accessories
By Distribution Channel: Store-Based and Non-Store-Based
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Regional Analysis:
North America and Europe are the prominent regions for hair and nail accessories, driven by a high emphasis on personal grooming and fashion trends. These regions have a well-established beauty industry and a large consumer base that seeks innovative and stylish hair and nail accessories. In Asia Pacific, the hair and nail accessories market is experiencing significant growth due to the rising population, increasing disposable income, and the influence of beauty-centric cultures. Countries like China, Japan, and South Korea are witnessing a surge in demand for hair and nail accessories as beauty rituals hold great importance in these societies. Latin America and the Middle East and Africa regions are emerging markets for hair and nail accessories. The growing middle-class population, urbanization, and increasing influence of social media on beauty trends are driving the demand in these regions.
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