The Global Nail Polish Sets Market size was USD 14.60 Billion in 2021 and is expected to register a revenue CAGR of 6.9% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is expected to be driven by technological innovation in the nail polish manufacturing industry and rising consciousness about nail care and personal grooming.
Rising environmentally-concerned populations are driving demand for organic and vegan nail polish. With a coat of nail polish, nails can be protected from common wear and tear. Nail polish gives the nails a coating of protection that keeps them from breaking or peeling. Nail paint also helps to shield the nails from any damage caused by abrasive materials or bad weather. High disposable income and desire to spend money on personal care and grooming are driving revenue growth of the nail polish sets market. Influencers and beauty brands are working together and forming collaborations that are successfully changing people's perceptions, especially among millennials. The impact of social media and a growing number of influencers in social media are further driving revenue growth of the nail polish sets market. The incorporation of AI-enabled manicurists and virtual try-on with the implementation of augmented reality is also driving revenue growth of nail polish sets market.
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Competitive Landscape:
The research report offers details about leading companies in the global Nail Polish Sets market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
- Make-Up Art Cosmetics (MAC Cosmetics),
- Bobbi Brown Professional Cosmetics, Inc.,
- Sephora USA, Inc.,
- Tom Ford,
- Revlon,
- The Estée Lauder Companies Inc.,
- Maybelline New York,
- Chanel,
- L’Oréal Groupe,
- Nars Cosmetics
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Market Segmentation:
The Global Nail Polish Sets industries are also studied based on leading segments, and examines dominant product and application segments in detail. The report aims to help reader’s benefits from the growth prospects existing in the market in the global Nail Polish Sets industries. It offers key information on drivers and restraints influencing the leading segments in the global Nail Polish Sets industries.
By Type Outlook
- Regular
- Matte
- Glitter
- Chrome
- French Manicure
- Breathable
- Five free
- Others
By Product Type Outlook
- Top Coat
- Base Coat
- Gel Coat
- Others
By Distribution Channel Outlook
- Hypermarkets and Supermarkets
- Departmental Stores
- Beauty Salons
- Online Stores
- Others
For comprehensive coverage, the report discusses growth prospects, opportunities, and challenges. The market report considers various key factors across the leading regions.
Nail Polish Sets Market Segmentation based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East Africa)
Key Features of the global Nail Polish Sets Market:
- The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
- The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
- Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
- Optimum strategic initiatives for new players in the market.
- Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
- The study also includes supply chain trends, including elaborate descriptions of the latest technological development
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Key questions addressed in the Report:
- Which key players are operating in the global Nail Polish Sets market?
- Which key factors are expected to hamper global market revenue growth?
- What market size is the global Nail Polish Sets market expected to reach throughout the forecast period?
- Which application segment revenue is expected to expand at a rapid CAGR between 2023 and 2030?
- Which region is expected to account for robust revenue share throughout the forecast period?
- Which regional segment is expected to register fastest revenue CAGR throughout the forecast period?
- What revenue CGAR is the global Nail Polish Sets market expected to register during the forecast period?
- What are the key outcomes of Porter’s Five Force analysis of the Nail Polish Sets market?
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