Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1500 Million | USD 4500 Million | 12.98% | 2023 |
The global artificial nails market size was evaluated at $1,500 million in 2023 and is slated to hit $4,500 million by the end of 2032 with a CAGR of nearly 12.98% between 2024 and 2032.
Nails have become a key fashion paradigm in recent times. Moreover, people having poor nail health can choose artificial nails. In addition to this, it helps in maintaining as well as growing nails. They are used in personal grooming & styling of nails. Reportedly, artificial nails are utilized to improve the appearance of toenails and fingernails. The product manufacturers have launched artificial nails possessing new features for fulfilling changing consumer tastes.
Rise in the end-user spending on personal care items to prop up the global market expansion by 2032
Surging customer expenditure on personal care products & cosmetics along with changing fashion trends is anticipated to spearhead the expansion of the global artificial nails market. Growing consumer awareness about nail health is likely to transform into massive demand for artificial nails in the near future. A surge in the product use in beauty & fashion sector will prop up the global market surge in the ensuing years.
Easy availability of the product in numerous designs will prompt the expansion of the market globally in the upcoming years. New product launches are predicted to elevate the growth of the global market in the years ahead. In the second half of 2022, KISS Products Inc. declared introduction of a new tool referred to as BEAUTIFY.TIPS.
High product prices can impede the global industry surge over forecast timeline
Humungous product costs can restrict the expansion of the global artificial nails industry. Supply chain disruptions can further impede the growth of the industry globally.
An increment in the disposable income of consumers to open new growth avenues for the global market
A rise in the per capita income has translated into huge expenditure on beauty items, thereby opening new growth avenues for the global artificial nails market. An increase in the promotion of the products on the social media will enhance the sale of the product in the coming years.
Rise in the production costs can prove to be a huge challenge for the global industry expansion over forecast period
Surge in the cost of producing artificial nails along with need for advanced raw materials by product manufacturers can impact the profit margins of the manufacturers, thereby retrograding the growth of the global artificial nails industry.
The global artificial nails market is sectored into type, distribution channel, and region.
In type terms, the artificial nails market across the globe is segregated into wrap and press-on segments. Furthermore, the press-on segment, which acquired nearly 43.8% of the global market proceeds in 2023, is likely to register the highest CAGR in the upcoming years. The progression of the segment in the assessment timeline can be due to the convenience of use and long-lasting features of press-on artificial nails.
Based on the distribution channel, the global artificial nails industry is sectored into store-based and non-store-based segments. Furthermore, the store-based segment, which gathered a key share of the global industry in 2023, is forecast to lead the segment in the coming decade. The segmental expansion during the period from 2024 to 2032 can be due to large-scale product availability on shelves of supermarkets & hypermarkets.
Report Attributes | Report Details |
---|---|
Report Name | Artificial Nails Market |
Market Size in 2023 | USD 1,500 Million |
Market Forecast in 2032 | USD 4,500 Million |
Growth Rate | CAGR of 12.98% |
Number of Pages | 205 |
Key Companies Covered | Beauty 21 Cosmetics Inc., Hand & Nail Harmony Inc., Naio Nails, Anise Cosmetics LLC, KM Nail Manufacturer, Intercontinental Nail Products Manufacturer, KISS Products Inc., Dashing Diva, Sheba Nails Inc., Nailene, Parfums de Coeur, Limited, Marmalade Cosmetics LLC, Ardell Lashes & Beauty, and others. |
Segments Covered | By Type, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is anticipated to maintain the leading position in the global artificial nails market in the ensuing years
North America, which accounted for nearly 70% of the global artificial nails market earnings in 2023, is likely to be a dominating region in the coming seven years. In addition to this, the regional market growth over the projected timeline can be ascribed to a rise in the per capita income of the consumers in the nations such as Canada and the U.S. Furthermore, growing demand for high-quality personal products for improving appearance to boost the growth of the market in the sub-continent.
Asia-Pacific artificial nails industry is set to register the fastest rate of annual growth in the forecast timespan. The surge of the industry in the APAC zone can be as a result of easy access to the products along with their affordability and cost-effectiveness. Apart from this, the surging popularity of the salons in the countries such as China and India will proliferate the revenue of the market in the region.
The global artificial nails market profiles key players such as:
By Type
By Distribution Channel
FrequentlyAsked Questions
Nails have become a key fashion paradigm in the recent times. Moreover, people having poor nail health can choose artificial nails. In addition to this, it helps in maintaining as well as growing nails. They are used in personal grooming & styling of nails.
The global artificial nails market growth over forecast period can be owing to surging customer expenditure on personal care products & cosmetics along with changing fashion trends.
According to a study, the global artificial nails industry size was $1,500 million in 2023 and is projected to reach $4,500 million by the end of 2032.
The global artificial nails market is anticipated to record a CAGR of nearly 12.98% from 2024 to 2032.
The Asia-Pacific artificial nails industry is set to register the fastest CAGR over the forecasting timeline owing to as a result of easy access to the products along with their affordability and cost-effectiveness. Apart from this, the surging popularity of the salons in the countries such as China and India will proliferate the revenue of the market in the region.
The global artificial nails market is led by players such as Beauty 21 Cosmetics, Inc., Hand & Nail Harmony Inc., Naio Nails, Anise Cosmetics LLC, KM Nail Manufacturer, Intercontinental Nail Products Manufacturer, KISS Products, Inc., Dashing Diva, Sheba Nails Inc., Nailene, Parfums de Coeur, Limited, Marmalade Cosmetics, LLC, and Ardell Lashes & Beauty. The market is highly fragmented with a large number of new players entering the market while the dominant players contributing minimal amount of the global market share.
The global Artificial Nails market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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