Nail polish is a thick colored lacquer that is used to paint and protect fingernails and toenails. To make nail polish simpler to apply, a range of chemical components are bonded together throughout the creation process. Pearls, pigments, resins, plasticizers, solvents, film formers, and thickening agents such as cetalkonium hectorite are some examples of these compounds. The market is filled with a wide variety of nail polishes, such as matte, regular, chrome, gel, and glitter. Furthermore, nail art and extensions are an essential part of grooming for millennials. The demand for the product is then expected to rise over the projected period as a result.

According to SPER market research, ‘Global Premium Nail Polish Market Size– By Finish, By Type, By Product, By Distribution Channel, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Premium Nail Polish Market is predicted to reach USD 29.59 billion by 2033 with a CAGR of 7.1%.

It is anticipated that the number of working women worldwide would rise, driving up demand for nail paint. Women who work outside the home and earn a living through regular employment are referred to as working women. Nail polishes help by giving them a fantastic look and a vibrant, beautiful appearance. For example, the U.S. Bureau of Labor reported that women comprised around 50% of the workforce in the country. As a result, the global increase in working women is driving growth in the nail polish market.

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Customers’ desire for nail paints with outstanding quality, performance, and longevity is another motivating element. Premium nail polishes often feature better formulas, more chip resistance, and longer wear times than their less expensive counterparts. The need for durable and long-lasting nail polishes contributes to the growth of the premium market.

Impact of COVID-19 on Global Premium Nail Polish Market 

The market for high-end nail polish was affected differently by the COVID-19 epidemic. On the one hand, the pandemic encouraged creativity and innovation as people searched for ways to kill time at home. Intricate nail art with uncommon color combinations gained popularity at this time. Premium nail polish producers often offer a wide range of colors, finishes, and formulations, which could encourage artistic endeavors and increase interest in their goods.

Premium Nail Polish Market Key Players:

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; American International Industries, Wella Operations US LLC, CND, Chemence, Alessandro International, Keystone Industries, Light Elegance, NV Organics, Others.

Global Premium Nail Polish Market Segmentation:

By Type: Based on the Type, Global Premium Nail Polish Market is segmented as; Base Coat, Top Coat, Others.

By Product: Based on the Product, Global Premium Nail Polish Market is segmented as; Liquid, Gel.

By Finish: Based on the Finish, Global Premium Nail Polish Market is segmented as; Glossy, Matte, Glitter, Satin, Others.

By Distribution Channel: Based on the Distribution Channel, Global Premium Nail Polish Market is segmented as; Supermarket and Hypermarkets, Independent Stores, Specialty Stores, E-Commerce.

By End User: Based on the End User, Global Premium Nail Polish Market is segmented as; Female, Male.

By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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Premium Nail Polish Market Future Outlook

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The beauty industry sector that focuses on high-end and luxurious nail paint products is known as the “premium nail polish market.” In general, premium nail polishes are distinguished by their higher quality components, distinctive formulae, wide colour selections, and frequently also include extra features like long-lasting wear, quick-drying formulas. For the creation of limited-edition collections, several high-end nail polish brands work with well-known nail artists, influencers, and celebrities. These collaborations aid in drawing interest, creating buzz, and raising brand awareness among a larger audience.

According to SPER market research, ‘Global Premium Nail Polish Market Size– By Type, By Product, By Finish, By Distribution Channel, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Premium Nail Polish Market is predicted to reach USD 29.59 billion by 2033 with a CAGR of 7.1%.

The premium nail polish market is expanding rapidly due to several key factors. One of the main drivers is that the market for premium nail polish is significantly influenced by the expansion of the beauty and personal care sector as a whole. The demand for high-end nail polishes rises as the business develops and as customers’ awareness of beauty trends and willingness to try new products rises.

Another factor driving the expansion of the market is that the consumers are paying more attention to the components of beauty goods, especially nail paint. In response to the growing desire for safer and more ecologically friendly solutions, high-end nail polish firms frequently offer formulas that are devoid of dangerous chemicals like formaldehyde, toluene, and DBP.

Despite the many drivers and opportunities for growth in the premium nail polish market, there are also several challenges that must be addressed. It can be difficult for premium nail polish businesses to stay on top of continuously changing consumer tastes and trends in the beauty sector. Brands must remain aware of changing consumer expectations, such as alterations in finish preferences, nail art trends, and colour preferences.

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In addition, the COVID-19 pandemic has had a significant impact on the premium nail polish market. Due to constraints on physical retail, the pandemic boosted the expansion of e-commerce as people shifted to online shopping. This transition helped premium nail polish businesses, who were able to reach a wider audience and grow sales through online channels.

However, the pandemic has also had some negative impacts on the premium nail polish market. Customers now have fewer opportunities to check out high-end nail polishes in person due to the closing of retail locations where they could previously sample various nail paint colours and formulations. Consumers may hesitate to invest in premium options because they can’t sample and try the products before buying.

Furthermore, North America dominates the nail polish market in terms of sales and market share. This is primarily due to consumers’ eagerness to pay a higher price for a more attractive appearance in this area in countries like Canada and the United States. Furthermore, the market will grow as the number of working women in countries such as China and India increases, as will their interest in purchasing nail care products.  Additionally, some of the market key players are: Chemence, Alessandro International, Keystone Industries, Light Elegance, American International Industries, NV Organics, Others.

For More Information, refer to below link: –

Premium Nail Polish Market Research Report

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Follow Us –

LinkedIn | Instagram | Facebook | Twitter

Contact Us:

Sara Lopes, Business Consultant — USA

SPER Market Research

enquiries@sperresearch.com

+1–347–460–2899