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

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Artificial Nails Market - Segmentation AssessmentSegment OverviewTechnavio 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).

The market share growth by the acrylic nails segment will be significant for overall market growth during the forecast period. Acrylic nails are in high demand among customers as they are durable for two weeks. The purchase of acrylic nails among the teenage population is expected to grow rapidly during the forecast period. An increase in the number of visitors to the market is expected to boost the growth of the acrylic nails segment of the market during the forecast period.

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 DynamicsKey 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!

What are the key data covered in this Artificial Nails Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the Artificial Nails Market between 2023 and 2027

Precise estimation of the size of the Artificial Nails Market size and its contribution to the market in focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the Artificial Nails Market industry across North America, Europe, APAC, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of Artificial Nails Market vendors

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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

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global artificial nails market 2017 - 2021

4.2 Type Segment Analysis 2017 - 2021

4.3 Distribution Channel Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments

6.2 Comparison by Type

6.3 Acrylic nails - Market size and forecast 2022-2027

6.4 Gel nails - Market size and forecast 2022-2027

6.5 Others - Market size and forecast 2022-2027

6.6 Market opportunity by Type

7 Market Segmentation by Distribution Channel

7.1 Market segments

7.2 Comparison by Distribution Channel

7.3 Offline - Market size and forecast 2022-2027

7.4 Online - Market size and forecast 2022-2027

7.5 Market opportunity by Distribution Channel

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 North America - Market size and forecast 2022-2027

9.4 Europe - Market size and forecast 2022-2027

9.5 APAC - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 Germany - Market size and forecast 2022-2027

9.10 China - Market size and forecast 2022-2027

9.11 UK - Market size and forecast 2022-2027

9.12 Japan - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Ardell International Inc.

12.4 Chillhouse LLC

12.5 Dashing Diva

12.6 Glamnetic LLC

12.7 ImageLush

12.8 KISS Products Inc.

12.9 KM Nail Manufacturer

12.10 Marmalade Cosmetics LLC

12.11 Nail Alliance North America Inc.

12.12 Nail Systems International

12.13 NAILS OF LA LLC

12.14 Parfums de Coeur Ltd.

12.15 Sheba Nails

12.16 Static Nails

12.17 Wella Operations US LLC

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio 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.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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SOURCE Technavio