“Global Artificial Nails Market to reach a market value of 3.3 Billion by 2031 growing at a CAGR of 11.8%”
The Global Artificial Nails Market size is expected to reach $3.3 Billion by 2031, rising at a market growth of 11.8% CAGR during the forecast period. In the year 2023, the market attained a volume of 161,147.3 thousand units, experiencing a growth of 14.1% (2020-2023).
The popularity of artificial nails in this region can be attributed to the high demand for nail care and aesthetic products, influenced by beauty trends and numerous nail salons offering advanced nail treatments. The established beauty and personal care industry, along with a strong preference for nail art and professional nail services, drive the market growth in North America. Additionally, the region's consumers are often early adopters of new nail technologies and products, further boosting market revenue. The North America region witnessed 41% revenue share in the artificial nails market in 2023. In terms of volume, the North America region is expected to utilize 115,364.7 thousand units of Artificial Nails by the year 2031.
The increasing demand for cosmetic enhancements, driven by a growing desire to look polished and fashionable, significantly contributes to the artificial nails market. Consumers, especially in urban areas, constantly seek ways to upgrade their appearance, and artificial nails offer a convenient solution. Additionally, rising disposable income, especially in emerging economies, has allowed consumers to invest in beauty and grooming services, including artificial nails. As people’s income levels rise, they have more financial flexibility to spend on personal care and luxury products. This has led to a surge in demand for cosmetic products and services, with artificial nails gaining popularity. Thus, rising disposable income and changing lifestyle trends propel the market's growth.
However, one key restraint for the artificial nails market is the high cost of professional nail care services. The expense of getting artificial nails applied at a salon can be prohibitively high for some consumers, particularly those who require frequent touch-ups or maintenance. Salon visits for artificial nails can also become an ongoing financial commitment, as the nails must be refilled or replaced after a certain period. Therefore, the high cost of professional nail care services impedes the market's growth.
Based on type, the market is divided into press on nails and wrap nails. The wrap nails segment procured 33% revenue share in the market in 2023. In terms of volume, 126,334.6 thousand units of wrap nails are expected to be utilized by the year 2031. Wrap nails are favored for their durability and natural appearance, offering a more permanent solution compared to pressing on nails.
On the basis of material, the market is segmented into acrylic nails, gel nails, dip powder, and others. The acrylic nails segment recorded 48% revenue share in the market in 2023. In terms of volume, 145,145.7 thousand units of acrylic nails by the year 2031. Acrylic nails are widely popular for their durability, strength, and ability to create various nail shapes and lengths.
By distribution channel, the market is divided into specialty stores, supermarkets/hypermarkets, online retail, and others. In 2023, the specialty stores segment registered 35% revenue share in the market. In terms of volume, 104,487.1 thousand units of Artificial nails are expected to be sold by specialty stores by the year 2031. Specialty stores are favored by consumers seeking a curated selection of high-quality, professional-grade nail products.
Free Valuable Insights: Global Artificial Nails Market size to reach USD 3.3 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region generated 29% revenue share in the market. The market growth in this region is fueled by increasing disposable income, rising beauty consciousness, and the growing influence of fashion trends from countries like South Korea and Japan, which are renowned for their innovative beauty products. In terms of volume, the Asia Pacific region is expected to utilize 131,178.1 thousand Artificial Nails by the year 2031.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 1.4 Billion |
| Market size forecast in 2031 | USD 3.3 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 11.8% from 2024 to 2031 |
| Quantitative Data | Volume in Thousand Units (24 Counts), Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 308 |
| Tables | 709 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Material, Distribution Channel, Region |
| Country scope |
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| Companies Included | KISS Products, Inc., Hand & Nail Harmony (Nail Harmony Austria), Marmalade Cosmetics, LLC, ANISE COSMETICS, Naio Nails, Dashing Diva, Beauty 21 Cosmetics, Inc. (LA GIRL Cosmetics), Sheba Professional Nail Products, Inc. and Young Nails Inc |
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Material (Volume, Thousand Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)
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