Global Premium Nail Polish Market Overview
According to SPER Market Research, the Global Premium Nail Polish Market is estimated to reach USD 29.59 billion by 2033 with a CAGR of 7.1%.
Toenails and fingernails can be painted and protected using nail polish, which is a thick, coloured lacquer substance. In its production, a variety of chemical compounds are used to bind other materials, making the nail polish easier to apply. These compounds include pearls, pigments, resins, plasticizers, solvents, film formers, and thickening agents like cetalkonium hectorite. There are many different kinds of nail polishes on the market, including matte, ordinary, chrome, gel, glitte. Additionally, among millennials, nail art and extensions are a crucial component of grooming. This is then anticipated to increase product demand throughout the course of the projection period. In addition, it is projected that the advent of nail polish with natural components, which are non-toxic and contain less chemicals, would increase demand for nail polish in the future.
Exploring the Growth Drivers of the Global Premium Nail Polish Market.
The global population of working women is expected to increase, driving the demand for nail polish. Working women are women who work outside the house and make a living through regular employment. By giving them a great look and a lively, elegant appearance, nail paints assist. For instance, according to data from the U.S. Bureau of Labour, women made up about half of the labour force in the United States. Therefore, the market for nail polish is expanding due to the rising number of working women around the world.
What challenges does the Global Premium Nail Polish Market face?
There are some challenges that affect the market growth. Firstly, rising health concerns brought on by the use of hazardous chemicals in nail polish manufacture are likely to restrain the growth of the worldwide nail polish market. Dibutyl phthalate and toluene, two poisonous and risky chemical components found in nail polish, can be damaging to human health. The health risks associated with nail polish use range from chronic health conditions such as cancer to reproductive health concerns.
In what ways has the COVID-19 pandemic affected Global Premium Nail Polish Market?
The COVID-19 pandemic had several impacts on the Premium Nail Polish Market. Firstly, global supply networks were disrupted by the epidemic, which had an impact on the manufacture and distribution of many goods, including nail polish. It's possible that manufacturers experienced difficulties locating raw ingredients and reaching production goals, which could have caused delays or shortages in the supply of high-end nail polish. On the other hand, As people looked for ways to pass the time at home, the pandemic fostered experimentation and ingenuity. During this time, intricate nail art with unusual colour combinations became increasingly popular. The great variety of colours, finishes, and formulations that premium nail polish manufacturers frequently provide might promote such artistic endeavours, thus generating interest in their products.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Product, By Finish, By Distribution Channel, By End User
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Wella Operations US LLC, CND, Chemence, Alessandro International, Keystone Industries, Light Elegance, American International Industries, NV Organics, Others.
|
Key Target Audience:
- Beauty enthusiasts
- Trend-conscious consumers
- Affluent consumers
- Salon professionals
- Social media influencers
- Gift shoppers
Global Premium Nail Polish Market Segmentation:
1. By Type:
- Global Premium Nail Polish Market Value Share and Forecast, By Type, 2023-2033
- Base Coat
- Top Coat
2. By Product:
- Global Premium Nail Polish Market Value Share and Forecast, By Product, 2023-2033
- Gel
- Liquid
3. By Finish:
- Global Premium Nail Polish Market Value Share and Forecast, By Finish, 2023-2033
- Glitter
- Glossy
- Matte
- Satin
4. By Distribution Channel:
- Global Premium Nail Polish Market Value Share and Forecast, By Distribution Channel, 2023-2033
- E-Commerce
- Independent Stores
- Specialty Stores
- Supermarket and Hypermarkets
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Premium Nail Polish Market Size (FY’2023-FY’2033)
- Overview of Global Premium Nail Polish Market
- Segmentation of Global Premium Nail Polish Market By Type (Base Coat, Top Coat, Others)
- Segmentation of Global Premium Nail Polish Market By Product (Liquid, Gel)
- Segmentation of Global Premium Nail Polish Market By Finish (Glossy, Matte, Glitter, Satin, Others)
- Segmentation of Global Premium Nail Polish Market By Distribution Channel (Supermarket and Hypermarkets, Independent Stores, Specialty Stores, E-Commerce)
- Segmentation of Global Premium Nail Polish Market By End-User (Female, Male)
- Statistical Snap of Global Premium Nail Polish Market
- Growth Analysis of Global Premium Nail Polish Market
- Problems and Challenges in Global Premium Nail Polish Market
- Competitive Landscape in the Global Premium Nail Polish Market
- Impact of COVID-19 and Demonetization on Global Premium Nail Polish Market Details on Recent Investment in Global Premium Nail Polish Market
- Competitive Analysis of Global Premium Nail Polish Market
- Key Players in the Global Premium Nail Polish Market
- SWOT Analysis of Global Premium Nail Polish Market
- Global Premium Nail Polish Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Premium Nail Polish Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Premium Nail Polish Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Premium Nail Polish Market
7. Global Premium Nail Polish Market, By Type (USD Million)
7.1. Global Premium Nail Polish Market Value Share and Forecast, By Type, 2023-2033
7.2. Base Coat
7.3. Top Coat
7.4. Others
8. Global Premium Nail Polish Market, By Product (USD Million)
8.1. Global Premium Nail Polish Market Value Share and Forecast, By Product, 2023-2033
8.2. Gel
8.3. Liquid
9. Global Premium Nail Polish Market, By Finish (USD Million)
9.1. Global Premium Nail Polish Market Value Share and Forecast, By Finish, 2023-2033
9.2. Glitter
9.3. Glossy
9.4. Matte
9.5. Satin
9.6. Others
10. Global Premium Nail Polish Market, By Distribution Channel (USD Million)
10.1. Global Premium Nail Polish Market Value Share and Forecast, By Distribution Channel, 2023-2033
10.2. E-Commerce
10.3. Independent Stores
10.4. Specialty Stores
10.5. Supermarket and Hypermarkets
11. Global Premium Nail Polish Market, By End User (USD Million)
11.1. Global Premium Nail Polish Market Value Share and Forecast, By End User, 2023-2033
11.2. Female
11.3. Male
12. Global Premium Nail Polish Market Forecast, 2019-2033 (USD Million)
12.1. Global Premium Nail Polish Market Size and Market Share
13. Global Premium Nail Polish Market, By Type, 2019-2033 (USD Million)
13.1. Global Premium Nail Polish Market Size and Market Share By Type (2019-2026)
13.2. Global Premium Nail Polish Market Size and Market Share By Type (2027-2033)
14. Global Premium Nail Polish Market, By Product, 2019-2033 (USD Million)
14.1. Global Premium Nail Polish Market Size and Market Share By Product, (2019-2026)
14.2. Global Premium Nail Polish Market Size and Market Share By Product, (2027-2033)
15. Global Premium Nail Polish Market, By Finish, 2019-2033 (USD Million)
15.1. Global Premium Nail Polish Market Size and Market Share By Finish (2019-2026)
15.2. Global Premium Nail Polish Market Size and Market Share By Finish (2027-2033)
16. Global Premium Nail Polish Market, By Distribution Channel, 2019-2033 (USD Million)
16.1. Global Premium Nail Polish Market Size and Market Share By Distribution Channel, (2019-2026)
16.2. Global Premium Nail Polish Market Size and Market Share By Distribution Channel, (2027-2033)
17. Global Premium Nail Polish Market, By End User, 2019-2033 (USD Million)
17.1. Global Premium Nail Polish Market Size and Market Share By End User (2019-2026)
17.2. Global Premium Nail Polish Market Size and Market Share By End User (2027-2033)
18. Global Premium Nail Polish Market, By Region, 2019-2033 (USD Million)
18.1. Global Premium Nail Polish Market Size and Market Share By Region (2019-2026)
18.2. Global Premium Nail Polish Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. Alessandro International
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. American International Industries
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Chemence
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. CND
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Keystone Industries
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Light Elegance
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. NV Organics
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Wella Operations US LLC
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope