Nail Polish Remover Market to Grow with a CAGR of 3.6% Globally through 2028
Rising beauty consciousness and growing nail art trend
are driving the Global Nail Polish Remover Market in the forecast period
2024-2028.
According to TechSci Research report, “Global Nail
Polish Remover Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Nail Polish Remover Market stood at
USD 1290.25 Million in 2022 and is anticipated to grow with a CAGR of 3.6% in
the forecast period, 2024-2028. The global nail polish remover market has
undergone significant transformations and continues to evolve, driven by
changing consumer preferences and the broader dynamics of the beauty and
personal care industry.
The global nail polish remover market has experienced
substantial growth over the years. This growth is attributed to the increasing
consumer awareness of beauty and personal grooming, particularly in urban
areas. Consumers are increasingly emphasizing nail care as an integral part of
their beauty regimen, leading to a heightened demand for nail polish removers.
Moreover, the rise of nail art trends, driven by the influence of social media
platforms, has further fueled the growth of this market. As a result, nail
polish removers, which play a crucial role in nail preparation and maintenance,
have become a significant component of the beauty industry.
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The nail polish remover market offers a wide array of
product options to cater to various consumer preferences and nail care needs.
Consumers can choose from acetone-based, non-acetone, and natural or organic
nail polish removers. The preference for non-acetone and natural options has
surged due to concerns over nail health and the environment. These alternatives
are perceived as gentler on nails and less harmful to the ecosystem.
Furthermore, manufacturers are constantly innovating to develop new
formulations and packaging, such as eco-friendly and sustainable options, to
meet the growing demand for environmentally responsible products.
The global nail polish remover market exhibits
regional dominance, with North America and Europe traditionally leading the
industry. These regions boast mature markets with established consumer bases.
However, there is a notable shift in the market landscape, with emerging
markets in Asia-Pacific, Latin America, and the Middle East showing rapid
growth. The urbanization of these regions increased disposable incomes, and a
growing focus on beauty and personal care have expanded the consumer base for
nail polish removers. International brands are actively seeking to establish a
presence in these emerging markets, adapting their products to cater to local
preferences.
The distribution landscape for nail polish removers
has evolved significantly, partly driven by the rise of e-commerce. Online
platforms have become a prominent sales channel for nail polish removers,
offering consumers access to a diverse range of products and the convenience of
shopping from home. E-commerce platforms have revolutionized the industry by
providing consumers with the ability to explore a multitude of options and read
reviews, enabling informed purchasing decisions. This shift towards online
retailing has prompted traditional brick-and-mortar stores to adapt to changing
consumer behaviors and competition.
The global nail polish remover market is characterized
by constant innovation to meet the evolving demands of consumers. Innovations
include the development of acetone-free and non-acetone removers, as well as
organic and natural formulations. These innovations align with the trend toward
safer and more environmentally friendly products. Additionally, manufacturers
are focusing on eco-friendly packaging and branding to address the increasing
emphasis on sustainability in consumer purchasing decisions. As nail care and
beauty trends continue to evolve, the nail polish remover market is expected to
remain dynamic, with new products and brands emerging to cater to diverse and
evolving consumer preferences.
In summary, the global nail polish remover market
reflects the changing beauty and personal care landscape. With consumers
seeking safer, more sustainable, and innovative products, the market has
expanded to offer diverse formulations and packaging options. It is
increasingly influenced by the rise of e-commerce, expanding into emerging
markets, and aligning with global trends in beauty and nail care.
The Global Nail Polish Remover Market is segmented into
product type, form, sales channel, regional distribution, and company.
Based on product type the market is segmented into natural
and synthetic.
Based on form the market is segmented into liquid,
cotton pads and others. Liquid nail polish removers have seen a surge in
demand within the global nail polish remover market. Their popularity can be attributed
to their user-friendly nature, with easy application using brushes or pads.
Additionally, these liquid formulations are highly effective in removing
various types of nail polish, including gel and glitter. Moreover, liquid nail
polish removers often incorporate nourishing and strengthening ingredients,
aligning with consumer preferences for products that enhance overall nail
health, making them a preferred choice for many.
Based on sales channel the market is segmented into hypermarkets/supermarkets,
retail stores, beauty salon, online, others.
Based on region the market is segmented into five
regions, North America, Europe, Asia Pacific, Middle East & Africa, and
South America.
Major companies operating in Global Nail Polish
Remover Market are:
- Industrie Pagoda Srl
- Colorbar Cosmetics Pvt. Ltd
- Cosmetics India Private Limited
- ORLY International, Inc.
- Kure Bazaar
- Karma Organic Spa
- Miss Claire Cosmetics
- KIKO Cosmetics Retail Pvt. Ltd.
- Coty Inc.
- Deborah Group.
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“Customization and personalization in products is a
significant trend that is expected to have an impact on growth over the
forecasted period. Rising beauty consciousness, growing nail art trend and increasing
product innovation and sustainability will positively impact the Global Nail
Polish Remover Market. Due to the wide range of products available to meet
specific needs of, as well as the growing popularity of the online sales
channel, the market is growing at impressive rate through projected period,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Nail
Polish Remover Market– Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Product Type (Natural, Synthetic), By Form (Liquid,
Cotton Pads, Others), By Sales Channel (Hypermarkets/Supermarkets, Retail
Stores, Beauty Salon, Online, Others), By Region, By Competition, 2018-2028”,
has evaluated the future growth potential of Global Nail Polish Remover Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Nail Polish Remover Market.
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