Nail Polish Sets Market is Estimated to Surpass USD 26.71 Billion By 2030

Nail Polish Sets Market
Nail Polish Sets Market

The global nail polish sets market size was USD 14.60 Billion in 2021 and is expected to register a revenue CAGR of 6.9% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is expected to be driven by technological innovation in the nail polish manufacturing industry and rising consciousness about nail care and personal grooming.

Rising environmentally-concerned populations are driving demand for organic and vegan nail polish. With a coat of nail polish, nails can be protected from common wear and tear. Nail polish gives the nails a coating of protection that keeps them from breaking or peeling. Nail paint also helps to shield the nails from any damage caused by abrasive materials or bad weather. High disposable income and desire to spend money on personal care and grooming are driving revenue growth of the nail polish sets market. Influencers and beauty brands are working together and forming collaborations that are successfully changing people’s perceptions, especially among millennials. The impact of social media and a growing number of influencers in social media are further driving revenue growth of the nail polish sets market. The incorporation of AI-enabled manicurists and virtual try-on with the implementation of augmented reality is also driving revenue growth of nail polish sets market.

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Market Dynamics:

The global Nail Polish Sets market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. The consumer goods sector is rapidly growing due to factors such as paradigm shift in consumer preferences, rising demand for convenience and ongoing COVID-19 pandemic. Rapid revenue growth is attributed to factors such as rising disposable income, improvements in standard of living, and increasing preference for organic food and plant based food products. Moreover, rising health conscious population, increasing preference for online shopping and doorstep deliveries and growing inclination of veganism in several countries across the globe and increasing focus on developing novel products to cater to consumer demand are other factors expected to support market growth going ahead.

Competitive Landscape:

The research report offers details about leading companies in the global Nail Polish Sets market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.

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Major Companies:

·      Make-Up Art Cosmetics (MAC Cosmetics),

·      Bobbi Brown Professional Cosmetics, Inc.,

·      Sephora USA, Inc.,

·      Tom Ford,

·      Revlon,

·      The Estée Lauder Companies Inc.,

·      Maybelline New York,

·      Chanel,

·      L’Oréal Groupe,

·      Nars Cosmetics.

Market Segmentation:

The report also sheds light on the market segmentation based on type, application and region:

 By Type Outlook

·       Regular

  • Matte
  • Glitter
  • Chrome
  • French Manicure
  • Breathable
  • Five free
  • Others

By Product Type Outlook

  • Top Coat
  • Base Coat
  • Gel Coat
  • Others

By Distribution Channel Outlook 

  • Hypermarkets and Supermarkets
  • Departmental Stores
  • Beauty Salons
  • Online Stores
  • Others

 Nail Polish Sets Market Segmentation based on Regions:

North America

o   U.S.

o   Canada

o   Mexico

·      Europe

o   Germany

o   U.K.

o   France

o   Italy

o   Spain

o   Benelux

o   Rest of Europe

·      Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Rest of Asia Pacific

·      Latin America

o   Brazil

o   Rest of Latin America

·      Middle East & Africa

o   Saudi Arabia

o   UAE

o   South Africa

o   Rest of Middle East & Africa

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