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Nail Salon Market Analysis

  • Report ID: GMI6273
  • Published Date: Jul 2024
  • Report Format: PDF

Nail Salon Market Analysis

Based on service type, the market is segmented into manicure, pedicure, nail art & design, nail extensions and others. The manicure segment dominated the market in 2023, generating a revenue exceeding USD 2.9 billion, and is expected to reach USD 4.6 billion by 2032. This dominance can be attributed to affordability, convenience, and self-care. Compared to other services, manicures are affordable and require less time, making them a perfect pick-me-up that can be easily integrated into busy schedules. Additionally, the association with relaxation and pampering fuels their popularity, turning them into a frequent indulgence for many.
 

Nail Salon Market Revenue Share, By End User, (2023)

Based on end user, the market is classified into men and women. Women dominated the nail salon market in 2023, generating a revenue exceeding USD 2.3 billion, and is expected to reach USD 3.5 billion by 2032. The increasing empowerment of women and changing societal norms have seen trend towards self-expression through personal grooming, particularly in nail art and manicures. This shift is coupled with rising disposable incomes among women, enabling greater spending on discretionary services like visits to nail salons. Consequently, the women's segment within the nail care industry is poised for significant growth, driven by a desire for creativity and individuality in nail designs which has further propelled the market.
 

Asia Pacific Nail Salon Market Size, 2021 – 2032, (USD Billion)

Asia Pacific emerged as the dominant region, generating a substantial revenue of USD 3.5 billion, and is expected to reach USD 5.7 billion by 2032. Asia Pacific has a dominating position in the nail salon market with a confluence of factors such as increasing population, rise in disposable incomes, accompanied by a rising number of women in the workforce. These factors have significant demand for nail care services, positioning the region as a pivotal hub for market growth. Moreover, nail care is increasingly viewed as a means of self-expression, further bolstering market expansion.
 

North America: In terms of country, U.S. dominated the North America market with revenue of around USD 1.3 billion in 2023 and expected to reach around USD 2 billion by 2032. The U.S. market has shown innovation in nail care products and services, by advancements in long-lasting polishes, gel technologies, and nail extensions. Established American brands including OPI, Sally Hansen, and CND (Shellac) have strong global recognition and contribute to the market's robust presence. Salons like Olive & June and ManiKind Nails cater to modern lifestyles with convenient express services and subscription models. Additionally, manufacturers like Orly and Dazzle Dry continually introduce new polishes and solutions, reinforcing the U.S. market's dynamic approach to nail care.
 

Europe: In terms of country, U.K. led the Europe market with revenue of around USD 400 million in 2023 and is expected to reach around USD 500 million by 2032 and is growing at a CAGR of 3.3%. The U.K. market distinguishes itself through its keen trend awareness, often adopts new nail art styles and techniques. Moreover, there is a growing focus on sustainability among U.K. salons, with an increasing number adopting eco-friendly practices and offering vegan nail care options to cater to environmentally conscious consumers. Salon chains such as "Nails Inc." and "Millie's caters to various customer preferences and price points.
 

Asia Pacific: In terms of country, China led the Asia Pacific nail salon industry with revenue of around USD 800 million in 2023 and is expected to reach around USD 1.4 billion by 2032. Factors contributing to China's dominant role include its expansive and growing population, which provides a substantial customer base for nail care services, and the increasing disposable incomes driven by economic growth. Urbanization trends and a rising female workforce further amplify demand for accessible and quality beauty services like manicures. Leading brands such as Jame's Salon and MONÉ Nail Spa adopt on this demand by offering luxurious and pampering nail services across China. Additionally, online platforms like Meituan and Dianping facilitate salon discovery and bookings, contributing to the market’s expansion.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for nail salon was valued at USD 8.4 billion in 2023 and is anticipated to register 5% CAGR between 2024 and 2032 driven by the rising demand for increasing emphasis on grooming and self-care.

The manicure segment in the nail salon market generated USD 2.9 billion in 2023 and is expected to reach USD 4.6 billion by 2032 attributed to affordability, convenience, and self-care.

Asia Pacific market generated USD 3.5 billion in 2023 and is expected to reach USD 5.7 billion by 2032 backed by the increasing population, rise in disposable incomes, accompanied by a rising number of women in the workforce.

Alluring Nails & Tanning, Bio Sculpture Gel, CND Shellac, Creative Nail Design (CND), Essie, Estée Lauder Companies Inc., Jin Soon Choi, LOTUS NAILBAR & SPA, Milano Nail Spa the Height, Nail Alliance, Nailaholics, and OPI Products, Inc. among others.

Nail Salon Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 49
  • Countries covered: 22
  • Pages: 135
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