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Nail Salon Market Trends

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

Nail Salon Market Trends

One prominent trend is the growth of non-toxic and vegan products in the nail care industry. Consumers are increasingly concerned about the health risks associated with harsh chemicals in traditional nail polishes. Salons are responding by offering polishes free of formaldehyde, toluene, and DBP, often labeled as "3-Free" or "7-Free" polishes. Additionally, vegan options free of animal-derived ingredients cater to ethically conscious consumers. Formaldehyde is a known carcinogen, while toluene can affect the nervous system and irritate the eyes. DBP is suspected of disrupting hormones and may impact reproductive health. Thereby, consumers are more informed and actively seek out polishes with safer alternatives. Brands are highlighting natural ingredients like plant-based extracts and mica powders in their formulations.

 

Additionally, environmentally conscious salons are implementing practices to reduce their eco-footprint. This includes using LED lighting, which is energy-efficient and lasts longer than traditional bulbs. For example, salons are exploring biodegradable alternatives for items like cotton swabs and nail files. Also, some salons are installing solar panels to generate clean energy and reduce reliance on the grid. This reduces their carbon footprint and promotes environmental responsibility. For instance, Zoya, who offers vegan, cruelty-free polishes, and Sundays, a company known for its non-toxic nail polishes and commitment to sustainability, therefore propelling the market.

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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