LONDON–(BUSINESS WIRE)–Feb 20, 2020–
The nail care products market is poised to grow by USD 2.25 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. Request free sample pages
Technavio has announced its latest market research report titled Global Nail Care Products Market 2020-2024 (Graphic: Business Wire)
Read the 120-page report with TOC on “Nail Care Products Market Analysis Report by Product (Nail polish, Nail accessories and implements, Nail strengtheners, Nail polish removers, and Others), Distribution channel (Offline distribution channel and Online distribution channel), Geographic segmentation (North America, APAC, Europe, South America and MEA), and the Segment Forecasts, 2020-2024”.
The market is driven by the availability of non-toxic solutions for nail care. In addition, growing customer engagement through digital media platforms is anticipated to boost the growth of the nail care products market.
The presence of toxic chemicals in nail care products can lead to serious diseases including skin infections, nail brittleness, and cancer. This is raising concerns among customers and manufacturers. As a result, they are looking for natural solutions and non-toxic nail care solutions to protect and maintain healthy and beautiful nails. Vendors are introducing a wide range of options to choose from through popular online retailers such as Amazon.com, Rakuten Commerce, and Alibaba Group. Furthermore, the increase in spending power of consumers is enabling them to purchase premium non-toxic nail care products and solutions. Thus, the availability of non-toxic solutions for nail care is expected to drive market growth during the forecast period.
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Major Five Nail Care Products Market Companies:
Coty Inc. operates the business under various segments such as Luxury, Consumer Beauty, and Professional Beauty. The company offers nail care products under its Professional Beauty business segment through the brand, OPI.
Faces Cosmetics Inc. offers products through the following business units: Brushes, Eyes, Face, Lips, and Others. The company offers different shades of cream-based nail enamels and acetone-free nail enamel remover.
KISS Products Inc. operates under various business segments, namely Nails, Lashes, and Hair Tools. The company offers various nail care products under the brands Masterpiece, Fantasy Collection, and Salon Acrylic.
L’Oréal SA offers products through the following business segments: Consumer Products, L’Oréal Luxe, Professional Products, and Active Cosmetics. The company offers nail polish, manicure, and nail care products through the brand Essie and Maybelline New York.
LVMH Moët Hennessy Louis Vuitton
LVMH Moët Hennessy Louis Vuitton offers products through the following business segments: Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, and Selective Retailing and Other activities. The company offers nail lacquers through its Perfumes & Cosmetics business segment.
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Nail Care Products Market Product Outlook (Revenue, USD Billion, 2020-2024)
- Nail polish
- Nail accessories and implements
- Nail strengtheners
- Nail polish removers
- Others
Nail Care Products Market Distribution Channel Outlook (Revenue, USD Billion, 2020-2024)
- Offline distribution channel
- Online distribution channel
Nail Care Products Market Geographic Outlook (Revenue, USD Billion, 2020-2024)
- North America
- APAC
- Europe
- South America
- MEA
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report
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INDUSTRY KEYWORD: COSMETICS RETAIL
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 02/20/2020 11:00 PM/DISC: 02/20/2020 11:00 PM
Copyright Business Wire 2020.
