Nailcare Market is Expected to Undergo a Substantial Growth in Coming Years
Growing concern towards nail
hygiene and increasing inclination of women towards fashion & beauty
products are some key factors supporting the growth of UAE nailcare market.
According
to TechSci Research report, “UAE
Nailcare Market By Product Type (Nail Polish, Nail Accessories, Nail Strengthener,
Nail Polish Remover, Artificial Nails and Accessories, Others), By Distribution
Channel (Offline (Hypermarkets/Supermarkets, Retail Stores, Beauty Salon,
Others), Online), By Region, Forecast & Opportunities, 2025”, the market
is anticipated to witness a healthy growth during the forecast period on
account of growing inclination of women consumers towards fashion & beauty
products such as nail paints coupled with rise in concern pertaining to nail
hygiene among both men & women. Furthermore, rising per capita disposable
income, increasing number of working women and thriving fashion retail industry
are some other key factors propelling the growth of UAE nailcare market. Apart
from these, the country also organizes annual beauty exhibitions including
‘Beautyworld Middle East’ which provides nailcare product manufacturers a great
opportunity to launch and showcase their products.
Additionally, UAE nailcare market is witnessing
increasing demand owing to entry of international brands into the domestic
market. Also, growing number of beauty salons, nailcare salons and spas and
growing preference for manicure and pedicure, especially among women population
are providing lucrative growth opportunity for UAE nailcare market. Moreover,
introduction of innovative products such as nail accessories and artificial
nails are also fueling the market growth. The various fashion trends and
financial capabilities of women are further supporting the growth of UAE
nailcare market. With growing awareness about harmful effects of poor nailcare,
especially among male consumers, the nailcare market is expected to undergo a
significant CAGR through 2025.
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The UAE
nailcare market is segmented based on product type, distribution channel and
region. Based on product type, the market can be categorized into nail polish,
nail accessories, nail strengthener, nail polish remover, artificial nails and
accessories and others. Among them, the nail polish segment accounted for
largest market share in 2019 and is further anticipated to dominate the market
through 2025 as they come at affordable prices and are popular among women of
all age groups. Moreover, the
introduction of gel nail polish is also gaining high demand in UAE.
Based
on distribution channel, the UAE nail care market can be categorized based on
offline and online channel. The offline channel is further segmented into
hypermarkets/supermarkets, retail stores, beauty salon and others. Among them,
the online segment is expected to experience high growth through 2025 owing to
availability of high number of international nailcare brands as well as
thriving e-commerce industry in UAE. Also, increasing preference of consumers
towards online shopping, especially after the outbreak of coronavirus is
anticipated to make online segment the leading distribution channel in coming
years.
Key players operating in the UAE nailcare market
are CIATÉ, Kao Corporayion, Louis Vuitton SE, Mary Kay, Inc., Natura & Co.,
Oriflame Holding AG, Amway Corporation, Chanel International B.V., REVLON, Inc.,
L’ORÉAL Middle East and Estée Lauder Middle East. Leading market players are
focusing on growth strategies such as new product launches, mergers &
acquisitions and collaborations to strengthen their position in UAE nailcare
market.
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“The
growing influence of western lifestyle and boosting economy of the country is
enabling nailcare market to grow in UAE. In recent times, nailcare products are
gaining attention from male consumers too due to the rising awareness about
importance of nail hygiene. Furthermore, the thriving beauty industry of the
country and rising purchasing power of consumers are acting as a major growth
factor for UAE nailcare ,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based UAE management consulting firm.
“UAE Nailcare Market By Product Type (Nail Polish,
Nail Accessories, Nail Strengthener, Nail Polish Remover, Artificial Nails and
Accessories, Others), By Distribution Channel (Offline
(Hypermarkets/Supermarkets, Retail Stores, Beauty Salon, Others), Online), By
Region, Forecast & Opportunities, 2025” has
evaluated the future growth potential of nailcare 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 UAE nailcare market.
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