Artificial nails market 2023

NEW YORK, June 7, 2023 /PRNewswire/ -- The global artificial nails market size is estimated to grow by USD 303.92 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 6.04%. The growth momentum will be progressing during the forecast period. North America is estimated to contribute 41% to the growth of the global artificial nails market during the forecast period. Rapid growth in the fashion industry is expected to support market growth in the region during the forecast period. The rise in nail salons and nail care services in the region is also driving the market. Therefore, the North American nail care services industry is expected to grow during the forecast period, driving the growth of the market in the region during the forecast period. For more insights on the historic period (2017 to 2021), and forecast market size (2023 to 2027) - Request a sample report

What's New?

Artificial Nails Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on type (Acrylic nails, Gel nails, and Others), distribution channel (Offline and Online), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Insights on the market contribution of various segments including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Artificial Nails Market – Market Dynamics

Key factor driving market growth

The growing adoption of nail art is notably driving the artificial nails market growth. The manicure aspect of the fashion industry has changed in recent years. Nail art decoration is enhanced by changing the size of the nail. Basically, there are nine shapes that most women choose. These include square, round, rounded square, oval, ballerina, squirrel, stiletto, lipstick, and almond. These shapes are further decorated by applying small stickers of different colors and shapes. A woman with small nails uses her false nails to grow them to her preferred length and make her nails look natural. Therefore, the rising demand for nail art decoration is expected to drive the growth of the market during the forecast period.

Leading trends influencing the market

Growing customer engagement through social media platforms is a key trend influencing the artificial nails market growth. Digital media is growing rapidly, and one of the main channels driving this trend is social media. Social media is one of the driving forces for vendors today due to the large number of customers on this platform. Businesses can easily engage with their customers through various campaigns. Moreover, the provider uses popular social media platforms such as Facebook, Snapchat, Instagram, and YouTube for their campaigns. These platforms are widely used by customers around the world. Social media has become an essential medium for cosmetic brands to acquire and grow their customer base. Therefore, increasing customer engagement via social media platforms is expected to boost the market's growth during the forecast period.

Major challenges hindering the market growth

The availability of counterfeit brands is challenging the artificial nails market growth. The counterfeit market is facilitating the influx of counterfeit goods, primarily via the Internet. It is negatively impacting the sales of major vendors in the market. In order to be competitive in the market, duplicate products price their products at a lower price than the original brands, but the products lack quality and durability. These products can become contaminated with petrochemicals and other harmful chemicals during the manufacturing process. Consumers are often misled by counterfeit packaging and product names that resemble established brands. Therefore, the availability of such fake brands is likely to limit the growth of the market during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period (2017 to 2021), and forecast period (2023 to 2027)- Request a sample report!

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Artificial Nails Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.04%

Market growth 2023-2027

USD 303.92 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.78

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 41%

Key countries

US, China, Japan, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Ardell International Inc., Chillhouse LLC, Clutch Nails, Cuccio Naturale, Dashing Diva, Glamnetic LLC, ImageLush, KISS Products Inc., KM Nail Manufacturer, Marmalade Cosmetics LLC, Nail Alliance North America Inc., Nail Systems International, NAILS OF LA LLC, Olive and June LLC, Parfums de Coeur Ltd., PopSockets LLC, Sheba Nails, Static Nails, Wella Operations US LLC, and young nail Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Distribution Channel

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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

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Email: [email protected]

Website: www.technavio.com

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SOURCE Technavio

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