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Nail Polish Market Size
Nail Polish Market size was valued at around USD 9.5 Billion in 2023 and is estimated to register a CAGR of around 6.2% between 2024 & 2032. Social media platforms like Instagram, TikTok, and Pinterest play a significant role in driving nail polish trends and consumer purchasing decisions. Beauty influencers and nail artists showcase new products, colors, and designs, leading to increased visibility and demand, which in turn drives market demand.
The market growth is hampering owing to health risks associated with certain chemicals commonly found in nail polish formulations, such as formaldehyde, toluene, and dibutyl phthalate (DBP), which has led some consumers suffer from fungal infections, cracked skins, and irritated eyes, thus it will restraints market progress.
Why is the demand for acrylic nail polish growing?
The acrylic segment recorded USD 3.5 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to beauty salons and nail spas offering acrylic nail services.
What is the value of the nail polish industry?
Nail polish market size was USD 9.5 billion in 2023 and is expected to register 6.2% CAGR from 2024-2032 owing to the rising beauty influencers on social media platforms like Instagram, TikTok, and Pinterest worldwide.
Who are the key leaders in the nail polish industry?
China Glaze, Coty, Inc., Deborah Lippmann, Essie, Estee Lauder, ILNP, L
How big is the North America nail polish market?
North America nail polish industry held 33% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to growing emphasis on self-care and wellness among consumers in the region.