Non-Toxic Nail Polish Market Eyeing Remarkable Growth 5.45% CAGR due to Growing Awareness of Negative Impact of Chemicals Used in Nail Lacquer
Research Reports
Oct 13, 2023
Market Analysis
The global Non-Toxic nail polish market will touch USD 2.78 billion at a 5.45% CAGR by 2030, as per the recent Market Research Future report.
Drivers
Trend for Nail Art to Boost Market Growth
The rising trend for nail art coupled with an increase in expensive nail art studios will boost market growth over the forecast period. Nail polish manufacturers are investing huge amounts for introducing nail paints which are appealing customers and sans any dangerous chemicals.
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Opportunities
Growing Awareness of Negative Impact of Chemicals Used in Nail Lacquer to offer Robust Opportunities
The rising awareness regarding the negative effect of chemicals used in nail lacquer has boosted the need for non-toxic nail polishes which will offer lucrative opportunities for the nontoxic nail polish market over the forecast period. Nail polishes are basically lacquers which are utilized for beautifying fingers and toenails. These come in assorted shapes and colors. These nail polishes are made with organic materials and have minimal or no dangerous additives.
Restraints and Challenges
High Cost to act as Market Restraint
The high cost of the non-toxic nail polishes, durability and performance issues, limited color range, and also limited availability may act as market restraints over the forecast period.
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Market Segmentation
The global nontoxic nail polish market is bifurcated based on distribution channel, finish, and type.
By type, base coat type will domineer the market over the forecast period.
By finish, the glossy finish and matte finish will lead this market in the assessment period.
By distribution channel, the store-based distribution channel will spur the market over the forecast period.
COVID-19 Analysis
The non-toxic nail polish market faced challenges and opportunities alike. On the one hand, the market faced supply chain disruptions that impacted production while on the other hand people opted for DIY nail care which boosted online sales of the non-toxic nail polish brand. Some brands also adapted marketing strategies to focus on wellness, health, and safety of customers at the time of the epidemic.
Regional Analysis
North America to Head Nontoxic Nail Polish Market
North America will head the nontoxic nail polish market over the forecast period. Canada and the US play a pivotal role in boosting market growth. This region is witnessing a high demand for nail art which has become a popular trend. People in Canada and the US are all set in spending a good amount for an attractive appearance which is fueling market expansion.
APAC to Have Admirable Growth in Nontoxic Nail Polish Market
The APAC region will have admirable growth in the nontoxic nail polish market over the forecast period for the increase in working women population in India and China along with their growing interest to invest in fashion trends and nail care. Besides, the booming young population in India is also boding well for the market.
For further insights, explore the complete report details at @ https://www.marketresearchfuture.com/reports/non-toxic-nail-polish-market-3815
Key Players
Eminent industry players profiled in the nontoxic nail polish market report include Orly International Inc (US), Kure Bazaar SAS (France), Smith & Cult LLC (US), NBY London Ltd. (UK), Kosé Corporation (Japan), Art of Beauty Inc (US), Pacifica Companies (India), Benecos. (UK), Cienna Rose Limited (UK), and butter LONDON LLC (UK).
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