The Artificial Nails Market is being driven by Growing adoption of nail art
The Artificial Nails Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 408.7 million. The burgeoning digital landscape, characterized by increasing Internet penetration and a substantial rise in smartphone usage, presents a significant business opportunity for players in the artificial nails market. Social media, a key component of this digital sphere, has emerged as a primary marketing channel due to its vast customer reach. Cosmetics brands are leveraging social media platforms such as Facebook, Snapchat, Instagram, and YouTube to engage with their audience through targeted campaigns. These channels, which boast a global user base, have become essential tools for vendors seeking to expand their customer base and build brand awareness in a professional and effective manner.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
195 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
Market growth 2025-2029 |
USD 408.7 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
6.5 |
Key countries |
US, Canada, China, Germany, UK, Japan, South Korea, France, Spain, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Artificial Nails Market encompasses Gel Nail Extensions and Acrylic Nails, gaining popularity in the Entertainment Industry due to celebrity endorsements. These enhancements serve as a fashion statement for personal grooming and styling, with Nail Art Tools and Cosmetic Products contributing to the Beauty Sector's fashion paradigm. Nail Health remains a priority, leading to the promotion of high-quality, sustainable, and non-toxic products. Nail technicians utilize social media and beauty influencers to showcase their skills and offerings, while Gel Nails continue to dominate the market with innovative aesthetics. Both toenails and fingernails benefit from this trend, with store-based sales and online promotion driving growth.
The Artificial Nails Market, encompassing Gel Nail Extensions and Acrylic Nails, falls under the broader category of the Global Household and Personal Care Products Market. This market segment involves the production of R&D of cosmetic products, including nail care solutions. Factors driving market growth include the entertainment industry's influence, with celebrity endorsements elevating artificial nails as a fashion statement. Consumers' increasing disposable income contributes positively to the market, enabling expenditure on luxury and lifestyle-related products such as nail art tools and cosmetic nail enhancements.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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