Nail Polish Market Set to Reach $27 Bn by 2032 | CAGR 8.8%

The global nail polish market is a highly competitive and rapidly growing market. Nail polish is a cosmetic product that is used to decorate nails and is available in various colors and formulations. It is widely used among women to enhance their appearance and make a fashion statement.

The demand for nail polish is primarily driven by the increasing beauty consciousness among women, rising disposable incomes, and growing fashion trends. The popularity of gel nail polish and the availability of organic formulations are expected to further drive the demand for nail polish.

In 2022, the global nail polish market was valued at?USD 11.07 billion. Between 2023 and 2032, this market is estimated to register a CAGR of?8.8%. It is expected to reach?USD 27 billion?by 2032.

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North America is currently the largest market for nail polish, followed by Europe and Asia-Pacific. The Asia-Pacific region is expected to be the fastest-growing region during the forecast period, owing to the rising awareness about personal grooming and fashion trends.

Top Impacting Factors:

• Growing beauty consciousness among women
• Rising disposable incomes
• Growing fashion trends
• Availability of organic and natural formulations

Key Market Segments:

Based on Product Type

• Liquid
• Gel
• Other Product

Based On Finishes

• Glossy
• Matte
• Glitter
• Satin
• Other Finishes

Based on Distribution Channel

• Supermarket and Hypermarkets
• Independent Stores
• Specialty Stores
• E-Commerce

Market Key Players:

• Estée Lauder
• Shiseido
• Revlon
• Sally Hansen
• Wella Operations US LLC (O.P.I.)
• Cosnova GmbH (Essence)
• NOTE Cosmetique
• L’Oréal S.A.
• Other Key Players