Nail Care Products Market to Record a 3.6% Y-O-Y Growth Rate in 2022| Growing Adoption of Home Salon Services is a Major Trend Fueling the Market |17000+ Technavio Reports
NEW YORK, June 2, 2022 /PRNewswire/ — The nail care merchandise market dimension is anticipated to develop by USD 5.68 billion from 2021 to 2026, progressing at a CAGR of 4.46% as per the most recent market report by Technavio. Rising adoption of dwelling salon companies is likely one of the key nail care merchandise market tendencies contributing to the market progress. Cell apps allow shoppers to order salon companies and meet make-up artists on the given tackle. During the last decade, the variety of app-based salon service suppliers that provide at-home grooming companies has grown considerably.
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As an illustration, Housejoy is a house and private salon service supplier in India. It supplies dwelling salon companies, together with nail care, general grooming, and spa companies.
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The aggressive state of affairs supplied within the Nail Care Merchandise Market report analyzes, evaluates, and positions firms primarily based on numerous efficiency indicators. A number of the components thought-about for this evaluation embrace the monetary efficiency of firms over the previous few years, progress methods, product improvements, new product launches, investments, progress in market share, and so on. Do not wait, Make a strategic strategy & enhance your online business objectives with our Nail Care Merchandise Market Forecast Report – Purchase Now!
Nail Care Merchandise Market: Availability of non-toxic options for nail care to drive progress
The provision of non-toxic options for nail care is likely one of the key drivers of nail care product market progress. The rising concern for wholesome nails encourages the purchasers to make use of non-toxic and pure options in order that their cuticles and nails should not affected by harsh poisonous chemical compounds utilized in nail polish. Some firms, corresponding to Karma Natural Spa, ZOYA, and Essie, present non-toxic options for nail care. These firms supply nail polishes which are free from the three primary poisonous chemical compounds which are hazardous for nails – toluene, formaldehyde, and dibutyl phthalate (DBP). The poisonous chemical compounds, that are current in most nail polishes, may have an effect on the immune system and the well being of pregnant ladies. Some manufacturers are concentrating on offering non-toxic and natural options for health-conscious prospects and gaining their consideration. Therefore, offering such options to the purchasers will drive the nail care merchandise market progress through the forecast interval.
Nail Care Merchandise Market: The provision of counterfeit nail care merchandise hampers market
The provision of counterfeit nail care merchandise is likely one of the limitations difficult the nail care merchandise market progress. Counterfeit beauty-and-personal-care merchandise are claimed to trigger ill-health to the purchasers, and they’re additionally tough to distinguish from precise merchandise. Counterfeit merchandise of high manufacturers corresponding to OPI and Essie are offered out there at decrease costs. The presence of such merchandise impacts model penetration within the mass market, particularly the creating markets. The presence of counterfeits adversely impacts the gross sales and pricing technique of established firms within the international nail care merchandise market. The low value of counterfeit and imitated nail care merchandise attracts prospects. Additional, the low manufacturing value is advantageous for the counterfeit nail care merchandise market. Due to this fact, the low value of counterfeits poses a problem to the nail care merchandise market progress through the forecast interval.
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Nail Care Merchandise Market: Segmentation Evaluation
Technavio market analysis report segments the nail care merchandise market by Product (Nail polish, Nail equipment and implements, Nail polish remover, Nail strengthener, and Others), Distribution Channel (Offline and On-line), and Geography (APAC, Europe, North America, South America, and the Center East and Africa).
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Nail Care Merchandise Market Scope |
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Report Protection |
Particulars |
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Web page quantity |
120 |
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Base 12 months |
2021 |
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Forecast interval |
2022-2026 |
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Development momentum & CAGR |
Speed up at a CAGR of 4.46% |
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Market progress 2022-2026 |
USD 5.68 billion |
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Market construction |
Fragmented |
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YoY progress (%) |
3.6 |
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Performing market contribution |
APAC at 42% |
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Aggressive panorama |
Main firms, aggressive methods, client engagement scope |
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Firms profiled |
Chemence Inc., Coty Inc., Cuccio Naturale, Faces Canada, Flora 1761, Jinsoon, Keystone Cosmetics, KISS Merchandise Inc., Mild Class, Lippmann Enterprises LLC, LOreal SA, Oriflame Holding AG, ORLY Worldwide Inc., Revlon Inc., Sheba Nails, Shiseido Co. Ltd., Smith and Cult LLC, The Avon Co., The Estee Lauder Co. Inc., and Unilever PLC |
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Market Dynamics |
Mother or father market evaluation, Market progress inducers and obstacles, Quick-growing and slow-growing phase evaluation, COVID 19 affect and future client dynamics, market situation evaluation for forecast interval, |
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Customization purview |
If our report has not included the info that you’re in search of, you’ll be able to attain out to our analysts and get segments custom-made. |
Desk of Content material
1 Government Abstract
2 Market Panorama
3 Market Sizing
4 5 Forces Evaluation
5 Market Segmentation by Product
6 Market Segmentation by Distribution Channel
7 Buyer Panorama
8 Geographic Panorama
9 Drivers, Challenges, and Tendencies
10 Vendor Panorama
11 Vendor Evaluation
12 Appendix
About Technavio
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With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 studies and counting, overlaying 800 applied sciences, spanning throughout 50 nations. Their consumer base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising consumer base depends on Technavio’s complete protection, in depth analysis, and actionable market insights to determine alternatives in present and potential markets and assess their aggressive positions inside altering market situations.
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SOURCE Technavio
