Allied Market Research published a new report, titled, “Nail Care Market by Product Type, Price Range, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030″ The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.
Many locations are seeing substantial growth in the nail spa industry. As a result, this factor could be a significant contributor to the nail care market’s growth. Women aren’t the only ones that take care of their nails. Fungal infections are more common in diabetics. As a result, they pay close attention to their nail-care routine. As a result, this aspect has an impact on the nail care market’s growth rate.
The increased knowledge of nail hygiene among a large population will aid in the nail care market’s enormous growth prospects. Many people are prioritizing hygiene as a result of the new coronavirus outbreak. As a result, this component may encourage growth. Natural components such as almond, milk, turmeric, and others may be used as a substitute for chemical chemicals to prevent side effects, which might boost the nail care market’s development rate significantly. Popular nail color trends among a large female population may drive growth in the nail care business. According to changing trends, women’s frequent usage of nail colors could be a key growth driver to the nail care market.
Due to increasingly demanding schedules, consumers require nail care solutions that limit salon visits. These products are in high demand all around the world, particularly in emerging markets. As a result, manufacturers are putting more effort into designing creative products that have long-lasting effects and encourage self-application.
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Every year, buyer searches for “cruelty-free,” “vegan,” and “plant-based” cosmetic products rise. Vegan beauty products are becoming more popular as the number of celebrities who promote a vegan lifestyle rises year after year. Vegan beauty products are also in high demand in the nail care market. Cruelty-free nail cosmetics from companies like 100 percent Pure, Gabriel Cosmetics, L.A. Girl, and Beauty without Cruelty are gaining popularity with consumers all over the world.
The key market players profiled in the report include American International Industries, Barielle Ltd., California Chemical Specialties, ChromaDurlin (NV Organics), CNC International B.V., OPI Products, Inc., Creative Nail Design, Inc., Delia Cosmetics, Fiabila S.A., IL Cosmetics Group, Kirker Enterprises, Inc., and Polychromatic (Keystone Research & Pharmaceutical Inc.)
COVID-19 Impact Analysis
With high transmission numbers and fatality rates, the COVID-19 pandemic has struck devastation around the world. Many governments enforced tight shutdown restrictions to prevent the spread of the virus. Many manufacturing units and production facilities were forced to close as a result of this. As a result, output and demand fell, resulting in a negative impact on the nail care market’s growth.
Key Benefits of the Report
• This study presents the analytical depiction of the nail care industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the nail care market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the nail care market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed nail care market analysis based on competitive intensity and how the competition will take shape in coming years.
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