Nail Care Products Market, By Product Type

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Nail Care Products Market, By Product Type,
Trend Analysis, Competitive Market Share
Forecast, 2021-2027
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Nail Care Products Market- Industry Trends
Forecast Report 2027 A study recently conducted
by the strategic consulting and market research
firm BlueWeave Consulting revealed that global
nail care products market was worth
USD 9.8 Billion in the year 2020. According to
the report, the market is estimated to grow at a
CAGR of 2.3 , earning revenue of around USD 11.5
Billion by the end of 2027. Nail care refers to
the care of fingernails and toenails. The lack of
proper nail care can lead to several problems,
including the accumulation of bacteria and other
contagious organisms under the nails. The global
nail care product market is driven by the
increasing popularity of eco-friendly products
and global fashion trends among
consumers. Additionally, healthy customer
engagement via digital platforms is expected to
boost the market's growth.
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Growth Drivers  Availability of non-toxic
solutions for nail care Markets offer a wide
variety of non-toxic nail care solutions. Many
serious diseases, such as skin infections, nail
brittleness, and cancer, are caused by toxic
chemicals in nail care products, which is a
growing concern for consumers and manufacturers
alike. Therefore, people prefer natural and
non-toxic nail care solutions to maintain healthy
and beautiful nails. The nail care products
market is driven by the introduction of a wide
range of products, mainly by online retailers
like Amazon.com, Rakuten commerce, and Nykaa.com.
Market growth is driven by increasing consumers'
disposable income, enabling them to purchase
non-toxic nail care products and solutions.
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Restraints  Nail colors, removers, adhesives,
and nail gels contain chemicals like formaldehyde
and camphor that can cause nausea, dizziness, and
headaches for the consumer. These adverse effects
lead consumers to discontinue using the products.
Toxic chemicals in nail care products cause many
serious diseases like skin infections, nail
brittleness, and cancer, raising concerns among
consumers and manufacturers. Due to this,
consumers prefer to treat their nails with
natural and nontoxic nail care products to
maintain healthy and beautiful nails.
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Impact of COVID-19 in industry The growth of
nail care products slowed right after the
pandemic broke out in 2020, leading to fear among
consumers, loss of business confidence, and
future uncertainty. These are the reasons
affecting the growth of the nail care products
market. Moreover, due to nationwide lockdowns
imposed by the governments of different countries
to prevent the spread of the virus, customers
began to reconsider their nail-care routines. Due
to this, at-home nail care solution prevailed in
place of salon-quality solutions.
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Regional Insight Based on the regions, the
global nail care products market is categorized
into North America, Latin America, Europe, Asia
Pacific, Middle East, and Africa. North America
is likely to witness lucrative profits over the
forecast period due to the presence of key
players and the frequent launch of new nail care
products in the region. The U.S.A. is the largest
contributor in the region, followed by Brazil. On
the other hand, several European fashion
capitals, such as Paris, Milan, and London, make
Europe a popular nail care market. In addition,
Asian countries, such as India and China, are
likely to experience high growth in the coming
years as there is a high demand for gel nail
polish and bright color nail paints in these
countries. Many beauty treatments like manicure
and pedicure services also increase the demand in
these regions, especially in China.
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Competitive landscape The key players in the
global nail care products market are Revlon,
LOreal, Channel, COTY, China Glaze, Unilever,
Oriflame, PandG, Amway, Avon Products,
Inc., Colorbar Cosmetics Private Limited and
other key manufacturers. Manufacturers are
utilizing new formulations extensively to create
innovative products. Products can be
differentiated mainly based on the ingredients
and colors used in their manufacture. Sample
copy https//www.blueweaveconsulting.com/report/g
lobal-nail-care-products-market/report-sample
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