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NEW YORK , Feb. 10, 2022 /PRNewswire/ -- The nail care products market is expected to grow by USD 2.40 bn from 2020 to 2025. Technavio's latest market forecast report estimates that the market will progress at a CAGR of 4%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The report also covers the following areas:
The nail care products market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Nail Care Products Market 2021-2025: Segmentation Analysis
By product, the nail care products market has been segmented into nail polish, nail accessories and implements, nail strengthener, nail polish remover, others. The nail polish segment will have significant market share growth during the forecast period. Nail polish has become one of the important makeup products, which encourages vendors to launch new product lines in this category.
By distribution channel, the nail care products market has been segmented into offline and online. The offline segment will have significant market share growth during the forecast period. Nail care products are primarily sold through offline distribution channels, which include different retail formats such as specialty stores; hypermarkets, supermarkets, convenience stores, and warehouse clubs; and others such as salons and spas and department stores.
Nail Care Products Market 2021-2025: Geographical Analysis
By geography, the nail care products market has been segmented into North America , Europe , APAC, South America , and MEA. APAC will account for 33% of the market's growth during the forecast period. China and Japan are the key countries for the nail care products market in APAC. Moreover, market growth in this region will be faster than the growth of the market in other regions. The rising trend of nail art and usage of artificial nails and accessories in APAC has attracted many vendors to penetrate this region.
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Nail Care Products Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the nail care products market include Coty Inc., KISS Products Inc., LOreal SA, Light Elegance, Oriflame Group, Revlon Inc., ORLY International Inc., The Estee Lauder Companies Inc., LVMH Moet Hennessy - Louis Vuitton , and Unilever Group.
Factors such as the availability of non-toxic solutions for nail care, expansion of distribution network, and growing customer engagement through digital media platforms will offer immense growth opportunities. However, the availability of counterfeit nail care products will hamper the market growth.
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Nail Care Products Market Scope
Accelerate at a CAGR of 4%
North America, Europe, APAC, South America, and MEA
US, Brazil, China, UK, Germany, and Japan
Leading companies, competitive strategies, consumer engagement scope
Coty Inc., KISS Products Inc., LOreal SA, Light Elegance, Oriflame Group, Revlon Inc., ORLY International Inc., The Estee Lauder Companies Inc., LVMH Moet Hennessy - Louis Vuitton, and Unilever Group
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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