Gel Nail Polish Market Size and Market Trends: Complete Industry Overview (2024 to 2031
Executive Summary
The global Gel Nail Polish market research reports indicate a steady growth rate, with the market expected to grow at a CAGR of % during the forecasted period. The increasing popularity of gel nail polish as a convenient and long-lasting alternative to traditional nail polish is a key driver for this growth.
Market trends in the Gel Nail Polish industry include a growing demand for innovative nail art designs and colors, sustainable and eco-friendly gel nail polish options, and the rise of DIY gel nail polish kits for at-home use. Customers are also increasingly seeking cruelty-free and vegan gel nail polish products, reflecting a broader trend towards ethical and sustainable consumer choices.
Geographically, the Gel Nail Polish market is spread across North America, Asia-Pacific, Europe, the USA, and China. North America and Europe are established markets for Gel Nail Polish, with a strong presence of premium nail salons and beauty brands offering gel nail services. The Asia-Pacific region, particularly China, is a rapidly growing market for gel nail polish, driven by the increasing disposable income, changing beauty standards, and the influence of social media on beauty trends.
Overall, the Gel Nail Polish market is primed for further growth, fueled by evolving consumer preferences, technological advancements in gel nail formulations, and expanding market reach. Businesses operating in this sector have opportunities to capitalize on the rising demand for innovative and sustainable gel nail products across different regions.
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Market Segmentation:
This Gel Nail Polish Market is further classified into Overview, Deployment, Application, and Region.
In terms of Components, Gel Nail Polish Market is segmented into:
- OPI
- CND
- ORLY
- L’OREAL
- Sally Hansen
- Dior
- KIKO
- Revlon
- ANNA SUI
- Butter London
- CyberCos
- Essie
- China Glaze
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The Gel Nail Polish Market Analysis by types is segmented into:
- Base Coat
- Color Gel
- Top Coat
- Others
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The Gel Nail Polish Market Industry Research by Application is segmented into:
- Nail Art Institutions
- Individuals
- Others
In terms of Region, the Gel Nail Polish Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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Key Drivers and Barriers in the Gel Nail Polish Market
Key drivers in the gel nail polish market include increasing demand for long-lasting and chip-resistant nail color, growth in the beauty and personal care industry, and popularity of DIY nail treatments. However, barriers such as higher cost compared to traditional nail polish, potential damage to nails from frequent use, and limited availability of professional application may hinder market growth. Additionally, challenges faced in the market include regulatory restrictions on certain chemicals used in gel polishes, competition from other nail treatments like acrylic and dip powder, and concerns about the environmental impact of gel polish disposal.
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Competitive Landscape
OPI, founded in 1981, is a well-known gel nail polish brand that offers a wide range of shades and finishes to suit various preferences. It has seen significant market growth over the years due to its high-quality products and innovative nail lacquer formulations. OPI's products are available worldwide, making it a popular choice among consumers.
CND (Creative Nail Design), established in 1979, is another prominent player in the gel nail polish market known for its long-lasting and chip-resistant formula. The brand has expanded its product line to include various nail care products and treatments, catering to the needs of nail professionals and enthusiasts. CND has experienced substantial market growth and maintains a strong presence in the industry.
L'Oréal, a leading beauty company, offers a range of gel nail polish products under its various brands, including Essie and Sally Hansen. The company has a global presence and continues to innovate in the nail care sector, contributing to its market size and revenue. L'Oréal's gel nail polish sales revenue reflects its popularity among consumers seeking quality and performance in their beauty products.
In recent years, the gel nail polish market has seen steady growth attributed to increasing beauty consciousness and the desire for long-lasting manicures. Brands like Dior, Revlon, and China Glaze have also gained traction in the market with their unique formulations and trendy shades. With the growing popularity of gel nail polish, these companies continue to expand their product offerings and tap into new market opportunities to drive sales and revenue.
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