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Nail Care Products Market Analysis

Global nail care products market was worth USD 9.8 Billion in 2020 and is further projected to reach USD 11.5 Billion by 2027, at a CAGR of 2.3 % during 2021-2027 (forecast period).

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Nail Care Products Market Analysis

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  1. Nail Care Products Market, By Product Type, Trend Analysis, Competitive Market Share & Forecast, 2021-2027

  2. Nail Care Products Market- Industry Trends & Forecast Report 2027 A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that global nail care products market was worth USD 9.8 Billion in the year 2020. According to the report, the market is estimated to grow at a CAGR of 2.3 %, earning revenue of around USD 11.5 Billion by the end of 2027. Nail care refers to the care of fingernails and toenails. The lack of proper nail care can lead to several problems, including the accumulation of bacteria and other contagious organisms under the nails. The global nail care product market is driven by the increasing popularity of eco-friendly products and global fashion trends among consumers. Additionally, healthy customer engagement via digital platforms is expected to boost the market's growth.

  3. Growth Drivers  Availability of non-toxic solutions for nail care Markets offer a wide variety of non-toxic nail care solutions. Many serious diseases, such as skin infections, nail brittleness, and cancer, are caused by toxic chemicals in nail care products, which is a growing concern for consumers and manufacturers alike. Therefore, people prefer natural and non-toxic nail care solutions to maintain healthy and beautiful nails. The nail care products market is driven by the introduction of a wide range of products, mainly by online retailers like Amazon.com, Rakuten commerce, and Nykaa.com. Market growth is driven by increasing consumers' disposable income, enabling them to purchase non-toxic nail care products and solutions.

  4. Restraints  Nail colors, removers, adhesives, and nail gels contain chemicals like formaldehyde and camphor that can cause nausea, dizziness, and headaches for the consumer. These adverse effects lead consumers to discontinue using the products. Toxic chemicals in nail care products cause many serious diseases like skin infections, nail brittleness, and cancer, raising concerns among consumers and manufacturers. Due to this, consumers prefer to treat their nails with natural and nontoxic nail care products to maintain healthy and beautiful nails.

  5. Impact of COVID-19 in industry The growth of nail care products slowed right after the pandemic broke out in 2020, leading to fear among consumers, loss of business confidence, and future uncertainty. These are the reasons affecting the growth of the nail care products market. Moreover, due to nationwide lockdowns imposed by the governments of different countries to prevent the spread of the virus, customers began to reconsider their nail-care routines. Due to this, at-home nail care solution prevailed in place of salon-quality solutions.

  6. Regional Insight Based on the regions, the global nail care products market is categorized into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is likely to witness lucrative profits over the forecast period due to the presence of key players and the frequent launch of new nail care products in the region. The U.S.A. is the largest contributor in the region, followed by Brazil. On the other hand, several European fashion capitals, such as Paris, Milan, and London, make Europe a popular nail care market. In addition, Asian countries, such as India and China, are likely to experience high growth in the coming years as there is a high demand for gel nail polish and bright color nail paints in these countries. Many beauty treatments like manicure and pedicure services also increase the demand in these regions, especially in China.

  7. Competitive landscape The key players in the global nail care products market are Revlon, L’Oreal, Channel, COTY, China Glaze, Unilever, Oriflame, PandG, Amway, Avon Products, Inc., Colorbar Cosmetics Private Limited and other key manufacturers. Manufacturers are utilizing new formulations extensively to create innovative products. Products can be differentiated mainly based on the ingredients and colors used in their manufacture.Sample copy :https://www.blueweaveconsulting.com/report/global-nail-care-products-market/report-sample

  8. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  9. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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