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Growing consumer preference for nail polish products formulated without harmful chemicals such as formaldehyde, toluene, and DBP. Brands offering "clean" and "non-toxic" nail polish formulations are gaining traction as consumers prioritize safer beauty products. Environmental awareness website The Roundup reports that 78% of consumers feel that sustainability is important, and 55% of those same shoppers said they would pay more for eco-friendly brands, thus it will anticipate market demand.
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.
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.
China Glaze, Coty, Inc., Deborah Lippmann, Essie, Estee Lauder, ILNP, L
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.