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Nail Polish Market Trends

Report ID: GMI8632
Published Date: Mar 2024
Report Format: PDF

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Nail Polish Market Trends

Growing consumer preference for nail polish products formulated without harmful chemicals such as formaldehyde, toluene, and DBP. Brands offering "clean" and "non-toxic" nail polish formulations are gaining traction as consumers prioritize safer beauty products. Environmental awareness website The Roundup reports that 78% of consumers feel that sustainability is important, and 55% of those same shoppers said they would pay more for eco-friendly brands, thus it will anticipate market demand.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

Nail polish market size was USD 9.5 billion in 2023 and is expected to register 6.2% CAGR from 2024-2032 owing to the rising beauty influencers on social media platforms like Instagram, TikTok, and Pinterest worldwide.

The acrylic segment recorded USD 3.5 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to beauty salons and nail spas offering acrylic nail services.

North America nail polish industry held 33% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to growing emphasis on self-care and wellness among consumers in the region.

China Glaze, Coty, Inc., Deborah Lippmann, Essie, Estee Lauder, ILNP, L’Oreal Group, LVMH, OPI Infinite Shine, Orly, Procter & Gamble, Revlon, Sally Hansen, Shiseido Co., Ltd., and Unilever Group, are some of the major nail polish companies worldwide.