According to a new report, published by KBV research, 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 Gel Nails segment is anticipating a CAGR of 11.6% during (2024 - 2031). Gel nails are favored for their glossy finish, natural look, and flexibility. They are also known for being less damaging to the natural nail than other artificial nail types. The popularity of gel nails is supported by the trend towards more natural-looking nail enhancements and the development of advanced gel nail products that offer extended wear and chip resistance. The growing number of at-home gel nail kits has also contributed to the segment's market share, appealing to consumers who prefer DIY nail care solutions.
The Press On Nails segment is leading the Global Artificial Nails Market by Type in 2023; thereby, achieving a market value of $2.2 billion by 2031. This dominance can be attributed to the convenience and ease of application that press-on nails offer, making them a popular choice among consumers seeking quick and hassle-free nail enhancements. The increasing variety of designs, patterns, and colors in press on nails has also contributed to their widespread adoption. Additionally, press-on nails' affordability and reusable nature have made them a preferred option for those looking to achieve salon-quality nails at home.
The Online Retail market is registering a CAGR of 12.1% during (2024 - 2031). The convenience of shopping from home, a wider variety of products, and competitive pricing contribute to the popularity of online retail for artificial nails. The rise of e-commerce platforms and the increased use of digital payment methods have made online shopping more accessible and attractive to consumers. Additionally, the availability of customer reviews, detailed product descriptions, and the ease of comparing different brands and prices online further boost the segment's growth in the market.
Full Report: https://www.kbvresearch.com/artificial-nails-market/
The North America region dominated the Global Artificial Nails Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.4 billion by 2031. The Asia Pacific region is experiencing a CAGR of 12.4% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 11.6% during (2024 - 2031).
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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