The global nail polish market was valued at US$ 8.34 Bn in 2018, according to Global Nail Polish Market Report, by Product Type (Liquid and Gel), by End User (Female and Male), by Distribution Channel (Hypermarket & Supermarket, Specialty Stores, Convenience Stores, and Online Channels), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) published by Coherent Market Insights.
The global nail polish market is projected to reach US$ 20.07 Bn by 2027, exhibiting a CAGR of 10.3% during the forecast period (2019-2027). Factors such as increasing number of nail salons coupled with rising number of working women population is contributing to the revenue for global nail polish market in the coming years.
Increasing number of working women population has resulted in increasing demand for nail polish products. Women working in the corporate sector are concerned about their appearance, which is expected to increase demand for nail polish products. According to data published by the World Bank, in 2016, the female labor force in Brazil was 42.9% of total labor force, which increased to 43.4% in 2018. According to the same source, the global female labor force was 38.93% in 2014, which increased to 39% in 2018.
Furthermore, growing demand for non-toxic or organic nail polish is likely to provide market players ample opportunities. Conventional nail polish products contain chemical that are harmful to human health. This has led to a shift in consumer preference towards organic or non-toxic nail polish. Increasing demand for organic/non-toxic nail polish is expected to drive the market growth. For instance, Suncoat Products Inc., a Canada-based cosmetic manufacturing company, offers water-based nail polish, which does not contain any hazardous chemicals.
However, rising health concerns associated with the use of harmful chemicals in manufacturing nail polish is projected to act as a major restraint in growth of global nail polish market in the
To know the latest trends and insights prevalent in this market, click the link below:
Browse 32 market data tables* and 20 figures* on "Nail Polish Market” - Global forecast to 2027.
Key Takeaways of the Market:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.